More pipeline news. First Reserve, an investment company that invests primarily in the energy industry, has just pumped $100 million into a joint venture that will give it 50% ownership in two new pipeline gathering systems in Greene and Clearfield counties in Pennsylvania. Both pipelines service the Marcellus Shale drilling industry in those areas.
Triana Energy is stepping up its commitment to drilling in the Marcellus Shale by entering into a partnership with Marathon Oil. From the official press release:
What do we know about the gas well blowout that occurred on June 3rd? EOG Resources had almost completed drilling and fracking a gas well in Clearfield County, Pennsylvania when a blowout (too much pressure too fast) occurred. Here is the chronology of events: The month long drilling operation [in Clearfield County] ended on March [...]
The following operational updates about Rex Energy Corporation’s Marcellus drilling activity thus far in 2010, from a company press release: Butler County, Pennsylvania Marcellus Project Area Drilling and completion activity in Rex Energy’s Marcellus Shale project area in Butler County, Pennsylvania is continuing to progress on schedule. The two ‘Magill’ horizontal wells completed by the [...]
From a press release* dated March 11: Northeast Natural Energy LLC (“NNE”) announced today that it has closed the acquisition of 11,657 net acres in the core of the Marcellus Shale and associated shallow conventional oil and gas wells from Nytis Exploration Company LLC and from Nytis Exploration of Pennsylvania LLC (“Nytis”), both private exploration [...]
Rex Energy Corporation, an energy company drilling in the Marcellus Shale, today announced its fourth quarter and year-end 2009 results. The portion of the press release dealing with Marcellus drilling activity is reproduced below. —– In the Appalachian Region, Rex Energy has drilled and completed nine horizontal Marcellus Shale wells to date. The company drilled [...]
EQT Corp. said today it is buying mineral rights to 58,000 net acres in the Marcellus Shale from a group of private operators and landowners for $280 million in stock and cash. That works out to $4,828 per acre. While the names of the sellers were not disclosed, most of the land is located in [...]
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