New York landowners in Broome County will receive millions in lease payments this month from Talisman Energy—$5000 per acre (they’ve already received $500 per acre). The landowners belong to the Friendsville Group, a landowner coalition that signed a deal with Talisman in 2009. Most of the Friendsville Group members are landowners just over the border [...]
Talisman Energy announced yesterday that it plans to spend 11 percent less on capital projects in 2012 than it did in 2011. They also announced they would reduce the number of Marcellus drilling rigs from 11 in use during 2011 down to between five and seven for 2012.The reason? Low natural gas prices. Talisman expects [...]
Nearly a year after an accident which happened during hydraulic fracturing of a gas well in Tioga County, PA, the State Department of Environmental Protection (DEP) has fined Talisman Energy $51,478. From a DEP press release issued yesterday:
Who are the biggest producers of Marcellus shale gas in Pennsylvania so far this year? Below is the list of the top seven as compiled from production numbers by the Pittsburgh Business Times. The following are production numbers for January to June 2011 in Pennsylvania.
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 [...]
Marcellus drilling company Talisman Energy held an open house yesterday in LeRaysville (Bradford County), PA from 3 to 8 pm at the community hall, and it quickly became a packed house with more than 200 people attending to ask questions about Talisman’s plans for their area.
Reading financial statements by corporations is about as fun as watching paint dry—but hey, someone has to do it. We do learn important tidbits of news from drilling companies about their recent activities, and more importantly, what they are planning for the coming year. Henceforth, a few gleanings from some recent financial statements.
Talisman Energy shut down its four North American shale gas drilling operations for eight days following a fracking fluid release (MDN would call it an “accident”) on Jan. 17th at its drilling operation in Tioga County, PA, in the Tioga State Forest. According to Talisman, there were no injuries and the fluid was contained at [...]
Talisman Energy is selling off its conventional gas properties and shifting investment to shale gas properties: Talisman Energy Inc, Canada’s No.4 independent oil and gas explorer, said on Wednesday it is boosting its U.S. shale gas holdings, as it reported an operating profit that trumped expectations. Shale gas regions have emerged as the leading source [...]
Companies involved in drilling, processing and transporting Marcellus Shale gas in Pennsylvania are looking to contract with local businesses and hire local people to work for them. On the list are… Contractors for: clearing land constructing well pads setting up rigs running wirelines hauling waste hauling dirt mechanical work civil work electrical work environmental surveyors [...]
Talisman Energy, one of Canada’s biggest shale gas drillers, is following through on its stated goal of investing $1 billion in the Marcellus Shale play. Today they announced five separate deals to sell off Canadian oil and gas holdings that total $1.9 billion. The company has said it will use money from asset sales to [...]
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