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Despite the decision by the Ohio Department of Natural Resources (ODNR) to shut down a wastewater disposal well in Youngstown, industry backers are confident the decision will not have an impact on the emerging oil and gas industry in Ohio’s portions of the Marcellus and Utica shales.

Standard & Poor’s Ratings Services (S&P) has revised its natural gas pricing assumptions downward for 2012 and 2013 and added its oil and natural gas price assumptions for 2014.

Standard & Poor’s Ratings Services (S&P) has revised its natural gas pricing assumptions downward for 2012 and 2013 and added its oil and natural gas price assumptions for 2014.

A Pennsylvania state Senate committee passed amended impact fee legislation on Monday that returned an impact fee to the bill, added environmental safeguards and changed the way the bill would govern local ordinances over oil and gas drilling.

Northeast Pennsylvania Marcellus Shale producers got some relief from sagging prices when El Paso Corp.’s Tennessee Gas Pipeline Co. placed its long-awaited 300 Line forward-haul expansion in service, increasing capacity on the Tennessee Gas Pipeline (TGP) system by 350 MMcf/d, a nearly 50% boost.

Tracking potential impacts of Marcellus Shale drilling activity on water quality will be the focus of a $750,000 research grant from the National Science Foundation, according to Pennsylvania State University (Penn State), which is to lead the collaboration.

Two technology firms on Thursday partnered to create an engineering and geoscience “solution” to allow unconventional oil and gas operators to incorporate microseismic data and hydraulic fracturing designs to help them model their well fractures.

Noble Energy Inc. on Thursday added the Marcellus Shale to its core U.S. holdings after securing a $3.4 billion deal with CONSOL Energy Inc. that gives it half of a 663,350 net-acre leasehold in Pennsylvania and West Virginia, including existing wells and midstream infrastructure.

ExxonMobil Corp., the nation’s largest onshore natural gas producer, has added another 317,000 net acres to its Marcellus Shale portfolio, which nearly doubles its leasehold in the play.