The Latrobe Municipal Authority in Westmoreland County, PA (near Pittsburgh) is negotiating with Williams to lease 236 acres of municipal property for $2,500 per acre with 15 percent royalties on any gas produced. Latrobe is also talking with landowners who own adjacent property hoping they can pool enough land together to present Williams with 800-1,000 [...]
In February of last year, Williams, one of the 10 largest natural gas producers in the U.S., announced that it would split the company and spin out the exploration & production (E&P) business into a new company (see this MDN story). True to their word, the split is now complete, and yesterday WPX Energy, the [...]
Recently released data on drilling violations from the PA Department of Environmental Protection show that problems continue with the cemented steel casings that are designed to protect groundwater from methane and the fluids used to frack wells. The violations do not mean methane or fluids escaped into local groundwater aquifers—but the potential exists when a [...]
ProPublica recently compiled a list of the top 10 natural gas drillers in the U.S. based on daily natural gas production volume. The list includes gas drilled by both “traditional” vertical drilling as well as “non-traditional” horizontal hydraulic fracturing. Or think of it as non-shale gas and shale gas—companies who drill for both are in [...]
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:
The Marcellus Shale layer is about a mile down, depending on where you are. Lately, there’s been talk about tapping into the Utica Shale, which sits below the Marcellus, at about two miles down. A recent permit granted to Williams Production Appalachia to drill its exploratory well deeper on Route 487 in Sugarloaf Township, Columbia [...]
Williams is one of the largest energy producers in the U.S. Their operations include exploration & production (E&P), as well as “midstream” – or processing, storage and transportation of gas, including an extensive network of pipelines. In fact, Williams owns three interstate natural gas pipelines totaling some 15,000 miles in length. We now get word [...]
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.
Will Encana Oil & Gas’ gamble in Luzerne County, Pennsylvania pay off? We’ll know soon. Encana is due to start drilling two exploratory wells in Luzerne County this week. The drilling process itself will last 65-75 days. So why is it a gamble for Encana to drill for gas in Luzerne County? Nobody knows for [...]
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