Marcellus Drilling News

Atlas Energy | Chevron | Energy Companies | Reliance Industries

Reliance Industries of India in Bidding War with Chevron to Buy Atlas Energy
February 1, 2011February 1, 2011

India’s largest private sector company, and one of the world’s largest energy companies, Reliance Industries Limited (RIL), is in a bidding war with Chevron to buy Atlas Energy. A primary motivator for both companies is the large number of net acres Atlas controls in the Marcellus Shale region. Just last year RIL and Atlas formed a joint venture, a deal that would have been worth $3.5 billion over ten years. Now that Atlas is on the block, RIL wants to tie the knot permanently. But another suitor has arrived and is vying for Atlas’ affections by offering $4.3 billion:
Read More “Reliance Industries of India in Bidding War with Chevron to Buy Atlas Energy”
Hydraulic Fracturing | Industrywide Issues

Update: State Regulators Dispute “Findings” of Congressional Democrats Concerning Diesel Fuel Used in Hydraulic Fracturing
February 1, 2011February 1, 2011

The Platts energy news service has already unearthed some problems with the statements made yesterday by Congressional Democrats Henry Waxman, Edward Markey and Diana DeGette that claim some energy services companies are injecting “millions of gallons” of diesel fuel into hydraulically fractured wells, violating the Safe Drinking Water Act. It seems (surprise!) some of the so-called facts they shared with the EPA are not quite accurate according to the agencies which actually regulate drilling in their states:
Read More “Update: State Regulators Dispute “Findings” of Congressional Democrats Concerning Diesel Fuel Used in Hydraulic Fracturing”
Anadarko | Carrizo Oil & Gas | Chevron | Coterra Energy (Cabot O&G) | El Paso | Energen | Exxon Mobil | Hydraulic Fracturing | Industrywide Issues | Southwestern Energy | Ultra Petroleum

Group of Investment Managers Target Drilling Companies Who Use Hydraulic Fracturing
February 1, 2011February 2, 2011

A group of investment managers who belong to an organization called The Investor Environmental Health Network have banded together (some might call it collusion) to put pressure on energy companies who engage in natural gas drilling by using hydraulic fracturing. Their aim? To stop fracking of course, but that’s not what they say in their press statement. They’re just little ‘ole investors encouraging companies to “do the right thing” …
Read More “Group of Investment Managers Target Drilling Companies Who Use Hydraulic Fracturing”
Energy Companies | Energy Services | EQT Corp | Industrywide Issues | MarkWest Energy | Pipelines

MarkWest Continues Ramp Up in the Marcellus with Purchase of Natural Gas Processing Plant and NGL Pipeline
February 1, 2011February 1, 2011

MarkWest Energy announced that today they closed on the previously announced acquisition of EQT’s natural gas processing complex in Langley, Kentucky and an associated natural gas liquids (NGL) pipeline for $230 million.
Read More “MarkWest Continues Ramp Up in the Marcellus with Purchase of Natural Gas Processing Plant and NGL Pipeline”
Cambria County | Landowner Coalition News

New Landowner Coalition in Cambria County, PA Gets Started Feb 2
February 1, 2011February 1, 2011

A new landowner coalition, The Loretto Landowners Group, is forming in Cambria County, PA on February 2. Their hope is to negotiate a lease with gas companies looking to drill in the Marcellus Shale.
Read More “New Landowner Coalition in Cambria County, PA Gets Started Feb 2”
Industrywide Issues | Regulation

Delaware Riverkeeper Network and Damascus Citizens for Sustainability Sue Delaware River Basin Commission over Exploratory Wells
February 1, 2011February 1, 2011

Two anti-drilling “environmental” groups, The Delaware Riverkeeper Network (DRN) and Damascus Citizens for Sustainability (DCS), have joined forces in filing a federal lawsuit today against the Delaware River Basin Commission (DRBC) in federal district court in Trenton, NJ. The anti-drilling groups are challenging the actions the DRBC took to allow some exploratory natural gas wells to be drilled “without DRBC review and approval and despite a Basin-wide moratorium on gas wells.”

Read More “Delaware Riverkeeper Network and Damascus Citizens for Sustainability Sue Delaware River Basin Commission over Exploratory Wells”
Air Quality | Hydraulic Fracturing | Industrywide Issues | Pennsylvania | Sullivan County | Susquehanna County

PA DEP Tests for Air Pollution at Gas Drilling Sites – Finds None
February 1, 2011

The Pennsylvania Department of Environmental Protection (DEP) conducted air quality testing from August to October of 2010 at a number of natural gas drilling sites that use hydraulic fracturing in Susquehanna and Sullivan counties, including a Cabot Oil drilling site in Dimock, PA. The DEP looked for compounds associated with petroleum-based products that may have become airborne. They also looked for other compounds, like elevated levels of carbon monoxide and nitrogen dioxide.

Read More “PA DEP Tests for Air Pollution at Gas Drilling Sites – Finds None”