Potential $500M Drilling Deal for Pittsburgh Airport Approved

In a split decision, the Allegheny County Council voted on Tuesday to accept a deal with Consol Energy Inc. for Marcellus Shale natural gas drilling rights at Pittsburgh International Airport.

February 21, 2013

Nexen Votes to OK CNOOC Deal, But Not Over Yet

Shareholders of Nexen Inc. last week voted to accept a $15.1 billion takeover offer by CNOOC Ltd., an arm of state-controlled China National Offshore Oil Co.

September 24, 2012

Nexen Shareholders OK CNOOC Deal, But Canadians Oppose It

Shareholders of Nexen Inc. voted to accept a C$15.1 billion (U.S. dollar at par) takeover offer by CNOOC Ltd., an arm of state-controlled China National Offshore Oil Co.

September 21, 2012

Industry Brief

Directors of Australia-based Eureka Energy Ltd. have rejected a proposal from Fort Worth-based Lonestar Resources Inc. for Eureka to acquire Lonestar for scrip consideration. Eureka said it had expected to reject the proposal when it was received last week. “Nevertheless, over the weekend the company pursued discussions with Lonestar with the objective of securing a proposal on more favorable terms,” Eureka said. “The parties were unable to agree on terms, and consequently Lonestar has withdrawn the proposal.” An offer by Australia’s Aurora Oil & Gas Ltd. to acquire Eureka expires Friday (see Shale Daily, June 11). Both Aurora and Eureka have assets in the Eagle Ford Shale of South Texas, as does Lonestar. On Wednesday Eureka said “it is reasonable to accept” the Aurora offer after previously recommending that shareholders reject it.

June 14, 2012

SRBC Public Hearing Proceeds Without a Hitch

Civility reigned as the Susquehanna River Basin Commission (SRBC) held a public hearing in Harrisburg, PA, on Thursday to accept comments on 26 pending water withdrawal permits, most of which were submitted by operators in the Marcellus Shale.

February 22, 2012

Pemex to Offer Private E&P Contracts for Bids in January

Mexico’s state-owned petroleum company, Petroleos Mexicanos (Pemex), announced Friday that it will accept bids for a new round of private exploration and production (E&P) contracts in early January.

December 21, 2011

Delaware Governor’s Position Could Decide DRBC Vote

Environmentalists say Delaware Gov. Jack Markell will be in a key position to oppose hydraulic fracturing (fracking) when the Delaware River Basin Commission (DRBC) meets on Monday, but they admit they are unsure of where he stands on Marcellus Shale development within the basin.

November 17, 2011

DRBC to Consider Revised Gas Drilling Rules Later this Month

The Delaware River Basin Commission (DRBC) later this month plans to consider adopting water quality regulations that would apply to all natural gas development projects in the basin, including the construction and operation of all gas wells, regardless of the target geologic formation, whether a well is for production or exploration, or whether high-volume or low-volume hydraulic fracturing (fracking) is being considered.

November 9, 2011

Enstor Accepting Storage Bids at Four Facilities

Enstor Operating Co. LLC said Friday it would begin accept bids for firm natural gas storage capacity at its four U.S. facilities through Oct. 20 for terms of one to five years beginning April 1.

October 10, 2011

Pennsylvania Water Company Finds No Marcellus Impact

A major Pennsylvania water company said “a full battery of tests” found no harmful impact on supplies from Marcellus Shale development.

May 19, 2011
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