The U.S. oil and natural gas rig count was driven up nine to 528 for the week ending April 7, fueled by drilling activity in a handful of smaller basins, according to Enverus. The Eagle Ford Shale in South Texas saw the biggest increase, gaining two rigs to total 43. The SCOOP/STACK in Oklahoma, the
Read More...Northern Oil and Gas recently announced it purchased Reliance Industries assets in the Marcellus Shale play for $250 million, according to Natural Gas World. The company paid nearly $121 million in cash and issued 3.25 million of common stock warrants for the business. The business is expected to produce 75-85 mcf per day and receive
Read More...Shell’s massive ethane crack plant in Beaver County, Pennsylvania, will be fully operational in 2022, the company announced last week, according to the Observer-Reporter. The recent announcement was the first time the company targeted a launch date more specific than “the early 2020s.” The $6-$10 billion project has been in the works for almost a
Read More...The U.S. oil and gas rig count rose six to 519 during the week ended March 31, according to Enverus. Climbing totals in the Permian Basin and Eagle Ford Shale led the growth, adding four rigs each. The Permian’s total climbed to 236 and the Eagle Ford Shale’s total reached 41, marking their highest levels
Read More...Despite Mountain Valley developers’ hopes of completing the project by the end of 2021, the Virginia Department of Environmental Quality recently told federal officials that it won’t be able to issue a new water quality permit for the project’s stream crossings before December, according to Virginia Mercury. “Based on the complexity of this project and past
Read More...Eureka Resources LLC, an environmental services company that operates water treatment facilities in the Marcellus Shale region, has entered phase II construction of its warehousing and distribution facility in Bradford County, Pennsylvania, according to NorthcentralPA.com. “This high-tech job creation project will allow Eureka Resources to continue to return fresh water to the hydrological cycle, from
Read More...EQT Corp. and Chesapeake Energy Corp. are among potential buyers interested in Alta Resources, according to Bloomberg sources. The interested parties are weighing offers for Alta that could value the company at more than $3 billion. Alta is working with an advisor on a potential sale. Representatives for the parties didn’t respond to requests for
Read More...In a recent decision, the Pennsylvania Supreme Court decided the state attorney general’s office can’t invoke the state’s consumer protection law to sue Chesapeake Energy Corp. and Anadarko Petroleum Corp. on behalf of landowners who claim they didn’t get fair deals in leasing their mineral rights, according to Penn Live. The high court concluded only buyers
Read More...Chesapeake will pay a $1.9 million civil penalty to resolve a lawsuit over natural gas-related damage to streams and wetlands in five Pennsylvania counties, according to Penn Live. The proposed consent decree was filed last week in U.S. Middle District Court at the same time a suit the federal government and state brought against Chesapeake
Read More...Since taking office president Joe Biden and his administration have presented some challenges and created a lot of uncertainty for the oil and gas industry, according to Farm and Dairy. The first of Biden’s executive orders to impact the industry was the cancellation of the Keystone XL oil pipeline, which would have sent oil from
Read More...State and federal regulators are investigating Shell’s Falcon pipeline for reported issues with the construction of the pipeline, according to Farm and Dairy. A former Shell employee contacted the Pipeline and Hazardous Materials Safety Administration in 2019 with allegations that the pipeline may have been built with a defective corrosion coating. Although PHMSA decided through its investigation that
Read More...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
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