Active

Although the dogs are still barking in Pennsylvania, the caravan for imposing a fee on natural gas drillers in the most active shale gas state appears to be moving on.

Although the dogs are still barking in Pennsylvania, the caravan for imposing a fee on natural gas drillers in the most active shale gas state appears to be moving on.

Although the dogs are still barking in Pennsylvania, the caravan for imposing a fee on natural gas drillers in the most active shale gas state appears to be moving forward.

Kodiak Oil & Gas Corp. has agreed to purchase approximately 50,000 net leasehold acres in the Bakken Shale play from an undisclosed private oil and gas company for $540 million in cash and $50 million in stock, and agreed to assume the terms of a drilling rig contract.

A newly signed contract for the liquefaction and export of domestically produced natural gas lends further credibility to the shale gas optimism that has swept the energy industry in recent years.

Louisiana has joined other states in requiring the disclosure of the contents of fluids used for hydraulic fracturing (fracking). The rule was proposed earlier this year.

Natural gas production from the nation’s shale plays now accounts for more than one-quarter of U.S. production, compared with 5% in 2007, and is helping to keep gas prices among the lowest in a decade, according to FERC’s Office of Enforcement (OE).

The Pennsylvania Department of Environmental Protection (DEP) issued more Marcellus Shale drilling permits in September than in any other month of the year, but drilling slowed from summer highs.

A dairy company with an oil and gas lease has filed a lawsuit against the Town of Middlefield, NY, accusing the municipality of overstepping its authority by enacting a ban on oil and gas operations.