119 Groups Ask Obama to Support Fracking
Arguing that existing federal and state regulations are sufficient, a diverse group of organizations sent a letter to President Obama yesterday asking him to not impose new regulations on hydraulic fracturing and instead to support it. The 119 organizations signing the letter included bankers, bowlers, grocers, the energy industry and many others. The full text of the letter and the groups signing is embedded below.
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Chevron is the latest large energy company to purchase leases in the Ohio Valley for shale gas drilling. Recently, Hess paid $1.34 billion to acquire acreage in eastern Ohio, and Exxon Mobil subsidiary XTO Energy is now signing up landowners in Belmont County, OH for Utica Shale drilling (
A number of landowners from Belmont County, Ohio made the trip to Wheeling, WV last week to sign leases to allow drilling in the Utica Shale on their property. The leases were signed with XTO Energy, now a subsidiary of Exxon Mobil. The price landowners got for Utica leases rivals the highest prices MDN has heard of for any Marcellus Shale lease, in no small part because of Chesapeake Energy’s recent discovery of natural gas liquids and even oil in the Utica Shale in Ohio.