EQT announced it has joined Climate and Clean Air Coalition’s Oil & Gas Methane Partnership, an initiative committed to lowering methane emissions in line with the Paris climate accord, according to Natural Gas World. The oil and gas companies who’ve joined the initiative are responsible for more than 30% of global oil and gas production.
Read More...Forty-six permits were issued in the Marcellus and Utica shale plays during the week of June 14-20, according to Marcellus Drilling News. The Pennsylvania Department of Environmental Protection issued 30 new permits during the week of June 14-20. A majority of the permits were dispersed among three well pads operated by EQT, Chesapeake Energy and
Read More...The Utica Shale Academy continues to work on preparing the Hutson Building in downtown Salineville for next school year, according to Morning Journal. The school is already beginning to move into the building with much of the Amatrol equipment used to train students in industrial trade on location. Additionally, plans are in place for a
Read More...The Eastern Ohio Development Alliance awarded Encino Energy its Excellence Award in the large business category, making Encino the first oil and gas exploration company to receive the honor, according to Farm and Dairy. Encino was selected for the Excellence Award for prioritizing safety, mitigating the environmental impacts of its operation and investing in and
Read More...The Pennsylvania Department of Environmental Protection fined Olympus Energy LLC $175,000 for erosion and sedimentation violations at a well pad in Allegheny County, Pennsylvania, according to Farm and Dairy. In a recent press release, the DEP cited several occasions in 2019 when the company allowed sediment-laden water to flow into a tributary of the Youghiogheny
Read More...The Biden administration announced it would suspend oil drilling leases in Alaska’s Arctic National Wildlife Refuge on Tuesday, according to The New York Times. The Biden administration’s decision may effectively block oil and gas drilling in one of the largest tracts of untouched wilderness in the United States, ending an argument between Democrats and Republicans
Read More...Cabot Oil & Gas Corp. has agreed to merge with Cimarex Energy Co. in an all-stock transaction valued at roughly $7.4 billion, according to Bloomberg. The deal will give Cabot shareholders about 49.5% of the combined entity and Cimarex shareholders will control the remainder. The newly merged company will be renamed and based in Houston.
Read More...What is fracking? Fracking is a slang term for hydraulic fracturing. Fracturing is a process by which highly pressurized fluid is pumped thousands of feet into the ground to fracture rock formations. The goal is to release the natural gas that’s locked inside the rock. Is it safe? What most concerns people about fracturing is
Read More...Pennsylvania democratic lawmakers introduced a group of bills intended to tighten up shale gas industry regulations within the state, according to Farm and Dairy. The legislation is a response to last summer’s grand jury report on the industry, which found the Pennsylvania Department of Environmental Protection failed to protect residents from the health impacts of hydraulic
Read More...Gulfport Energy emerged from Chapter 11 bankruptcy on May 18 with a new board and an improved balance sheet, according to Natural Gas World. The company started a restructuring process in November, looking to eliminate roughly $1.25 billion in debt. “Gulfport has exited bankruptcy with a new board of directors; a strengthened balance sheet, with
Read More...What is fracking? Fracking is a slang term for hydraulic fracturing. Fracturing is a process by which highly pressurized fluid is pumped thousands of feet into the ground to fracture rock formations. The goal is to release the natural gas that’s locked inside the rock. Is it safe? What most concerns people about fracturing is
Read More...Thirty new permits were issued for Ohio, Pennsylvania and West Virginia from May 10-16, according to Marcellus Drilling News. Pennsylvania received 14 new permits for wells on three pads in the northeast part of the state. Ohio received three new permits in Greene county for Eclipse, which is now owned by Southwestern Energy, on one
Read More...Peregrine Energy Partners continues adding to its portfolio in the Appalachian Basin, agreeing to acquire producing royalties in Bradford County, Pennsylvania from a private seller in its latest deal, according to EIN Presswire. The deal includes production from natural gas wells across 1,700 gross acres under Repsol, who’s been operating in the Marcellus Shale since 2015
Read More...Verde Bio Holdings, Inc. recently agreed to a deal that includes oil and natural gas assets in the DJ Basin of Colorado, the Piceance Basin of northwest Colorado and the Utica Shale of eastern Ohio, according to Yahoo Finance. The company has agreed to purchase the portfolio of mineral and royalty interests held by a
Read More...The U.S. oil and gas rig count jumped 10 during the week ended May 12, totaling 555, according to rig data provider Enverus. Furthermore, upstream operators ended the first quarter on an optimistic note with higher oil prices and an improved outlook for the remainder of 2021. The Permian Basin and Eagle Ford ended the
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