Diesel Fuel Spill at Drilling Site in Green County, PA
Last December, about 480 gallons of diesel fuel leaked onto the ground at a well site in Patterson Run (Greene County), PA. EQT, the driller at the site, notified the state DEP and the National Response Center. The spill was quickly cleaned up, within 24 hours, and there were no environmental impacts following the spill. However, local officials are only just now learning about the spill, and that makes them upset.
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In March 2010, CONSOL Energy (Cecil, PA) paid Dominion Resources $3.5 billion for 500,000 acres of Marcellus Shale gas leases, instantly tripling their lease holdings. Since that time, CONSOL has continued to invest in Marcellus acreage and they now have 750,000 acres under lease. But CONSOL had a problem: Not enough money to develop their vast Marcellus acreage. So they did what is now a common practice—they found a partner to invest. Yesterday, CONSOL and Noble Energy (Houston, TX) announced that Noble will buy a 50 percent interest in 663,350 net undeveloped acres and fund drilling and completion costs in a deal worth $3.4 billion over an eight-year period.