The PennEast Pipeline Co. recently announced it still anticipates putting the first phase of its natural gas pipeline in Pennsylvania in service in 2022 and completing the second phase, which stretches from Pennsylvania to New Jersey in 2024, according to Reuters. PennEast is still involved in a case before the Supreme Court with New Jersey
Read More...As part of a Pennsylvania Department of Environmental Protection consent order and agreement issued Feb. 25, Sunoco Pipeline will have to pay $497,000 for violations connected to the Mariner East 2 pipeline project, according to Farm and Dairy. The company’s infractions include spills of drilling fluids into Snitz Creek in Lebanon County, Pa., and failure
Read More...The Revolution Pipeline resumed service in western Pennsylvania after being offline for more than two years following an explosion in Beaver County, according to Farm and Dairy. The Pennsylvania Department of Energy received a notice from ETC Northeast Pipeline, stating that the 40.5-mile natural gas pipeline would be put back into service March 1. On Sept.
Read More...Antero Resources Corp. is partnering with an affiliate of Quantum Energy Partners to fund a portion of its Marcellus and Utica shale development through 2024, according to Natural Gas Intelligence. QL Capital Partners would fund 20% of Antero’s development capital spending this year and 15-20% from 2022 to 2024 in exchange for working interest in
Read More...The Delaware River Basin Commission permanently banned hydraulic fracturing in the Delaware River Basin on Feb. 25, citing the importance of protecting public health and a water supply that more than 13 million people in four states rely on, according to Farm and Dairy. The commission’s move will ban high-volume hydraulic fracturing in the 13,539 square-mile
Read More...Range Resources – Appalachia was fined $294,000 by the Pennsylvania Department of Environmental Protection for inaccurately listing wells that should have been abandoned and plugged as inactive, according to Farm and Dairy. After receiving a consent assessment of civil penalty from the DEP Jan. 7, the company paid the penalty on Jan. 8 for violating
Read More...Pennsylvania Gov. Tom Wolf unveiled a program dubbed Back to Work PA earlier this month in his budget proposal that would impose an extraction tax on natural gas in addition to the impact fee producers already pay to state and local governments, according to The Morning Call. The proposed tax would produce an estimated $300
Read More...EQT Corp is planning to drill and complete more wells in West Virginia where about 40% of its leasehold is located, according to Natural Gas Intelligence. EQT will also focus on lowering well costs by drilling longer laterals in West Virginia. Horizontals are planned to average 15,100 feet in West Virginia. The company estimates the
Read More...Gas prices increased this week as Gulf Coast refineries have gone offline due to the recent storm in Texas, according to AAA. The national average price for gas jumped seven cents to $2.58 per gallon. The four-day increase is a result of all major Gulf Coast refineries being affected by the recent storm, according to
Read More...The fracking boom that forever changed the Appalachian Basin positively impacted the U.S. economy, but may have missed the mark for the local communities in Ohio, Pennsylvania and West Virginia where the natural gas was extracted, according to a recent report conducted by the Ohio River Valley Institute. The report studied the economic impact fracking
Read More...Approvals for onshore oil and gas permits in the lower 48 fell by 10% in January with declines across all major basins, according to the most recent monthly statistics compiled by Evercore ISI. Last month permit approvals decreased to 1,688 — a 10% decline month-over-month when compared to December. Permitting in natural gas-focused plays fell
Read More...The U.S. oil and natural gas rig count increased by one rig to 457 during the week ended Feb. 10, according to Enverus. However, growth slowed from double-digit increases during the previous two weeks. The week’s single net rig was added on the oil side as oil rigs reached 338. Natural gas rigs decreased by
Read More...The global petrochemical market is projected to grow by as much as 5% a year until 2030 from $435 billion to $729 billion, according to Precedence Research, a Canadian marketing research organization. The increase in petrochemical consumption will be driven by the increasing use of petrochemicals in industrial applications such as construction, automotive, aviation, food,
Read More...Chesapeake Energy emerged from Chapter 11 bankruptcy proceedings in leaner shape and with a new strategic focus to turn its attention to natural gas, according to Forbes. The company’s exit from bankruptcy comes amid renewed optimism about the future prospects for natural gas, both in terms of price and usage around the world. Chesapeake CEO Doug
Read More...Alta Resources is considering a sale of its acreage for more than $3 billion, sources told Reuters last week. The privately-owned Appalachian natural gas producer has been forced to explore options that increase efficiency due to the long slump in energy demand that has put pressure on North American oil and gas exploration and production.
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