Pennsylvania electric & gas utility UGI Corporation announced yesterday they’ve cut a deal with driller Tenaska Resources to jointly develop Marcellus Shale projects in both Potter and Tioga counties in north-central PA. Over the next 10 years UGI will invest $65 million to build a new gathering pipeline system in Potter County, and another $25 [...]
Archive for 'Potter County'
The Potter County, PA Natural Gas Resource Center has just released the new issue of their bi-monthly newsletter for September/October covering natural gas drilling in and around Potter County. The new issue (embedded below) deals with the question: Where is the long-promised shale drilling boom in Potter County, and why is it taking so long [...]
The Pennsylvania Department of Environmental Protection (DEP) yesterday fined Chesapeake Energy a total of $565,000 for major violations at three Marcellus Shale wells in Potter and Bradford counties in 2010 and 2011. From the DEP press release:
Anti-Drilling Group PennFuture Sues Ultra Resources Claiming Air Pollution from Gas Wells, Compressor Stations and Pipelines
Anti-drilling group PennFuture is suing driller Ultra Resources claiming they are causing air pollution from almost all of their operations. A copy of the lawsuit filed in U.S. District Court for the Middle District of Pennsylvania is embedded below.
Endeavour International Buys Lease for Additional 50K Marcellus Acres & Local Pipeline in PA from SM Energy
Endeavour International, an independent energy company, has just picked up an additional 50,000 net acres in the Marcellus Shale along with three producing wells and a pipeline, all located in McKean and Potter counties in Pennsylvania, in a deal with SM Energy. From the Endeavour press release:
The CEO of drilling company Penn Virginia has expressed disappointment with the output of the first three Marcellus Shale wells they have drilled in Pennsylvania. From a press release issued Tuesday:
Chesapeake Energy has been ordered to stop work on preparing a drilling site in north central PA because the work they’re doing at the site is causing dirt to runoff into a local stream which in turn is the water source for a local township.
Cabot Oil & Gas Calls Marcellus Operations “Prolific”; Penn Virginia Will Drill 14 New Wells in Marcellus in 2011
More gleanings from year-end financial statements from drilling companies, this time from Cabot Oil & Gas and Penn Virginia Corporation. Of note, Cabot talks about the “prolific nature” of their 44 Marcellus gas wells, and Penn Virginia will drill their second Marcellus gas well in 2011 as they continue to shift their resources to the [...]
Triana Energy and Marathon Oil Join Forces in Deal to Drill 350 Wells in the Marcellus Shale in PA and WV
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:
Penn Virginia Corporation (“PVA”) announced it has acquired approximately 10,000 net Marcellus Shale acres primarily in Potter, Somerset and Tioga Counties, Pennsylvania in two transactions for approximately $19.5 million in cash and overriding royalty interests on a portion of the acquired acreage. The first acquisition was from a private oil and gas firm who was [...]
Ultra Petroleum News Release (Feb 12) Ultra Petroleum Reports Strong Financial and Operating Results and Record Production for 2009 A portion of the release relating to its operations in the Marcellus in PA is extracted below: During 2009, Ultra drilled 37 gross (22.5 net) wells in Pennsylvania. The company’s first production in the Marcellus program [...]
Wellsboro Gazette (Nov 18): Marcellus Shale, climate change, money, politics and the environment Pennsylvania is offering state-owned land for lease to energy companies interested in drilling in the Marcellus Shale. According to the article: Monday, the secretary of the Department of Conservation and Natural Resources (DCNR), John Quigley, announced that six tracts of land are [...]
St. Mary Land & Exploration (Nov 2): St. Mary Provides Operational Update; Updates Performance Guidances for 2009 From a press release from St. Mary Land & Exploration, a drilling company headquartered in Denver, CO: St. Mary has drilled and completed its first two horizontal wells in this program. The wells are the Potato Creek 1H [...]