In 2008, a homeowner located near gas wells drilled in Westmoreland County, PA by Atlas Energy says his well water turned muddy immediately after drilling was done. At the time, Atlas told him to stop drinking the water and supplied him with a water buffalo, making fresh water deliveries ever since. That is, until two [...]
Joint ventures are a common way for oil and gas companies to share risk, expertise and resources. Here is a list of recent deals in the Marcellus shale:
When the Pennsylvania Department of Environmental Protection (DEP) recently told Marcellus Shale drillers in the state to stop hauling wastewater from fracking to municipal sewage treatment plants that are not equipped to fully treat the wastewater by May 19 (see MDN story here), they all committed to comply and indeed did comply. But the federal [...]
In February of this year, Chevron completed a $3.58 billion purchase of Atlas Energy Inc. (headquartered in Moon Township, PA) with gas leases for 622,000 acres in the Marcellus Shale. Chevron is on the move again announcing yesterday it is acquiring an additional 228,000 acres of Marcellus Shale gas leases from Chief Oil & Gas, [...]
A number of stories have circulated since last week when the Pennsylvania Department of Environmental Protection (DEP) asked Marcellus Shale drillers to voluntarily (or else) stop using municipal sewage treatment plants by May 19 to treat and release drilling wastewater into PA’s rivers and streams (read MDN’s story here). One of the latest articles is [...]
An in-depth article that takes a look at fines for Marcellus Shale drillers in PA finds the following:
India’s largest private sector company, and one of the world’s largest energy companies, Reliance Industries Limited (RIL), lost its bidding war with Chevron to buy Atlas Energy.
India’s largest private sector company, and one of the world’s largest energy companies, Reliance Industries Limited (RIL), is in a bidding war with Chevron to buy Atlas Energy. A primary motivator for both companies is the large number of net acres Atlas controls in the Marcellus Shale region. Just last year RIL and Atlas formed [...]
Atlas Energy’s Marcellus Shale gas output is up 21% in the second quarter from the first quarter of 2010. At the end of June, their net production rate in the Marcellus region was 59 Mmcfe (million cubic feet of natural gas equivalents) per day. The company brought eight new horizontal Marcellus Shale wells online in [...]
The recently announced joint venture between Atlas Energy and Indian energy giant Reliance Industries (a deal worth $3.5 billion over 10 years) is already bearing fruit. Together they’ve just forked over $192 million to secure leases for more land in Pennsylvania. Independent oil and gas company Atlas Energy will buy 42,344 acres in the gas-rich [...]
Indian energy giant Reliance Industries Limited (RIL) has entered a joint venture with Atlas Energy (based in Pittsburgh). MDN previously reported on the rumors of an impending deal between the two companies. Reliance, India’s largest energy company and one of the largest energy companies in the world, will get 40 percent (120,000 acres) of Atlas [...]
As MDN reported on Feb. 24, Atlas Energy is looking for a partner to help fund its operations in the Marcellus Shale. They may have found one, Indian energy giant Reliance Industries: Reliance Industries Ltd., the owner of the world’s largest fuel-making complex, is in talks with Atlas Energy Inc. to invest in the U.S. [...]
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