National Fuel has struck a deal with Statoil and East Resources and is expanding two pipelines to handle Pennsylvania Marcellus Shale gas, sending it to markets in Canada and the Northeastern U.S. The announcement says National Fuel will build 16 miles of new pipeline from Corning, NY to Tioga County, PA, and construct a new [...]
Norwegian energy giant Statoil, which has a deal with Chesapeake Energy to develop some of Chesapeake’s acreage in the Marcellus Shale, has just transferred 59,000 acres from Chesapeake’s lease holdings to their own. From a press statement issued by Statoil on Friday, March 26: Statoil has signed an agreement with Chesapeake which will add approximately [...]
El Paso Press Release (Feb 16) El Paso Corporation Announces Northeast Upgrade Project Part of the development required to tap the huge natural gas reserves in the Marcellus includes the infrastructure to get the gas from well to market. El Paso Corporation’s subsidiary Tennessee Gas Pipeline is helping provide the pipeline piece of the puzzle. [...]
The Fort Worth Business Press reports European companies are making major investments in American shale plays, including the Marcellus. The article reports the following details about Chesapeake Energy’s new partner Norwegian-based StatoilHydro: Norwegian state-controlled energy company StatoilHydro would pay $3.375 billion for a 32.5-percent stake in [Chesapeake's] 1.8 million net acres of Marcellus Shale assets, [...]
Wayne County, PA may see the first Chesapeake-drilled well as soon as late March: Chesapeake Appalachia, a West Virginia subsidiary of the natural gas development giant Chesapeake Energy, filed a permit application last week for permission to drill a natural gas well on a Oregon Township property located near Fox Hill Road, according to state [...]
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