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Diversified Pays $400M for HG Energy’s Shale Assets in PA, WV
Diversified Gas & Oil has been on a mission to buy as many non-shale (conventional) oil and gas wells as it can in the Appalachian Basin. It owns close to 3 million acres of leases with some 60,000 (mostly) conventional oil and gas wells. That’s changing. Yesterday Diversified announced it has cut a deal to buy 107 operating (and 3 non-operating) shale wells in Pennsylvania and West Virginia for $400 million.
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Anti-fossil fuel radicals are making noises, threatening noises, about how they may react when and if (as seems likely) the Federal Energy Regulatory Commission (FERC) decides to overrule New York State and allow the Williams Constitution Pipeline to finally, after five years, get built.
Last night people opposed to drilling a few wells at the U.S. Steel Edgar Thomson Plant in a Pittsburgh suburb turned up to complain that somehow a noisy, air-polluting steel plant will be made even nosier and more polluting by drilling a few shale wells on the property. It’s an absurd position to argue, but there you go.
We spotted a story that says India’s GAIL (formerly known as Gas Authority of India Limited) has put yet another one of its contracted LNG shipments of Marcellus Shale gas coming from Dominion’s Cove Point LNG export facility, up for sale. In fact, it’s already sold and on its way to be unloaded at a port in Belgium.
An important project from Williams, the Northeast Supply Enhancement (NESE) which would beef up capacity along the Transco pipeline system going into New York City, is now under review in New Jersey. Part of the project must pass through NJ on its way to NY–and it’s time to 
MARCELLUS/UTICA REGION: ODNR issues 2 well permits in Columbiana County; Natural gas industry has generated $45.8 million in taxes in eastern Ohio; OTHER U.S. REGIONS: Negative Permian gas prices, but is the worst yet to come?; NATIONAL: Next US shale wave will need fewer heads, different skills; INTERNATIONAL: What does the New Silk Road mean for oil and gas?; Simulations aid training and improve safety in drilling operations; The new oil Darwinism.