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Debate Lingers Over Pennsylvania Drilling Law

Thirteen days after Pennsylvania Gov. Tom Corbett signed a controversial drilling bill into law, the debate over how it will affect Marcellus Shale development has taken a new turn after EQT Corp. filed a lawsuit against 69 landowners and a golf course in Allegheny County, PA.

August 12, 2013

Texas Tea, Midcon Sugar Sweetening U.S. Reserves

Smack dab in the middle of the country to the Texas coast, unconventional producers have reported strengthening oil and natural gas output between April and June, with strong contributions from the Permian Basin along with the Fayetteville and Woodford and liquids growth in the Barnett shales.

August 12, 2013

Pennsylvania PUC, DEP Petition State Supreme Court

Just days after a seventh justice was sworn in to the Pennsylvania Supreme Court, the Public Utility Commission (PUC) submitted a request that the high court reconsider its decision to quash an appeal by the commission regarding enforcement of Act 13, the state’s omnibus Marcellus Shale law.

August 12, 2013
Oil, NatGas Industry Employment Grew 40% Over Six Years

Oil, NatGas Industry Employment Grew 40% Over Six Years

In the six years spanning 2007 through 2012, total U.S. private sector employment increased by more than one million jobs, or about 1%. However, over the same period, the oil and gas industry — segmented into drilling, extraction and support segments — increased by more than 162,000 jobs, which equates to a 40% increase,” according to a new study from the U.S. Labor Department’s Bureau of Labor Statistics (BLS).

August 12, 2013
Chesapeake Gives Up Fight to Drill in New York

Chesapeake Gives Up Fight to Drill in New York

Chesapeake Energy Corp. no longer wants to fight the state of New York’s moratorium on unconventional drilling and is allowing leases it holds in the Southern Tier to expire.

August 12, 2013
Unconventional Technology Still in Early Days, Says COGA Panel

Unconventional Technology Still in Early Days, Says COGA Panel

Technological innovations in the oil and gas industry have led to some remarkable discoveries over its 150-year history, but even with the plethora of inventions that have boosted U.S. reserves, there’s still plenty to learn, energy stalwarts said last week at the Colorado Oil & Gas Association’s 25th Annual Rocky Mountain Energy Summit.

August 12, 2013

Antero NatGas Output Gaining; Comstock Sees Oil Rising

Two big U.S. independents took too different paths in the second quarter, one showing solid natural gas gains — mostly in the Marcellus Shale — while the other saw climbing oil and liquids output from from its onshore plays, and in particular, the Eagle Ford Shale.

August 5, 2013
National Oilwell Varco Sees Record Backlog

National Oilwell Varco Sees Record Backlog

Backlog for capital equipment orders in National Oilwell Varco’s (NOV) rig technology segment was $13.95 billion at the end of 2Q2013, a record high, 8% higher than at the end of 1Q2013 and 24% higher than at the end of 2Q2012, the company said.

August 5, 2013
Heavy Metals Found Near Barnett NatGas Sites

Heavy Metals Found Near Barnett NatGas Sites

A study of Barnett Shale region water wells has found elevated levels of heavy metals near natural gas extraction sites, but a link to drilling/production activity has not been determined and may not be, researchers from the University of Texas at Arlington (UTA) said.

August 5, 2013

JPMorgan Penalized for Gaming Power Markets

FERC last Tuesday approved a stipulation and consent agreement ordering JP Morgan Ventures Energy Corp. (JPMVEC) to pay $410 million in penalties and disgorge profits for allegedly manipulating power markets in California and the Midwest.

August 5, 2013