Marcellus Industry Lends a Hand with Nabbing Trucking Violations
There’s no getting around the fact that when drilling comes to an area, so too does a LOT of truck traffic. Anyone who lives in an area with active drilling can attest to the headaches of following a water truck up a hill going half the speed limit. Because the industry is high profile, those who operate truck fleets (and the energy companies who hire them) typically enforce strict rules for drivers. They also maintain their fleets in tip-top shape to ensure there are no safety violations. Case in point: Washington County, PA…
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The Chesapeake Energy fire sale continues–and this time it’s cut right into the bone and sinew of the company. The beneficiary of Chesapeake’s ongoing divestiture, this time, is Southwestern Energy. Southwestern has signed a deal to pick up 413,000 (!) Marcellus/Utica acres, most of it in West Virginia with some of it in Washington County, PA. Much of the land is in prime wet gas areas (see the map below). The deal includes 256 (!) operating and producing Marcellus and Utica Shale wells and another 179 (!) non-operated, non-producing wells–a total of 435 drilled wells. Southwestern is paying Chesapeake $5.375 BILLION for the deal–which will make Chesapeake’s real boss, corporate raider Carl Icahn, very happy…