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.
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Tennessee Moves Closer to Placing Major PA, NJ Expansion in Service
The Federal Energy Regulatory Commission approved Tennessee Gas Pipeline’s request to place into service another segment (Loop 321) of its 300 Line expansion in Susquehanna and Wayne counties in northeastern Pennsylvania, bringing the pipeline one step closer to the completion of its major 300 Line project.
Antero Pays $193M to Increase Marcellus Leasehold
Antero Resources has acquired from CONSOL Energy a 7% overriding royalty interest in approximately 115,647 net acres in the Marcellus Shale in southwestern Pennsylvania and north central West Virginia for $193 million, the companies said Monday. The deal closed Sept. 21 with an effective date of July 1, 2011.
Senate Panel Approves Funding Hike for CFTC
The Senate Appropriations Commission Thursday voted out along partisan lines a spending bill that provides the Commodity Futures Trading Commission (CFTC) with an 18% hike in funding for fiscal 2012 to implement reforms under the Dodd-Frank Wall Street Reform Act.
USGS, EIA Shale Reserve Estimates: What’s In the Numbers?
Approximately 84 Tcf of undiscovered, technically recoverable natural gas and 3.4 billion bbl of undiscovered, technically recoverable natural gas liquids (NGL) are contained in the Marcellus Shale, according to a new assessment by the U.S. Geological Survey (USGS).
USGS Estimates 84 Tcf of Undiscovered Recoverable Marcellus Gas
Approximately 84 Tcf of undiscovered, technically recoverable natural gas and 3.4 billion bbl of undiscovered, technically recoverable natural gas liquids (NGL) are contained in the Marcellus Shale, according to a new assessment by the U.S. Geological Survey (USGS).
USGS Raises Estimate of Undiscovered Recoverable Marcellus Gas
Approximately 84 Tcf of undiscovered, technically recoverable natural gas and 3.4 billion bbl of undiscovered, technically recoverable natural gas liquids (NGL) are contained in the Marcellus Shale, according to a new assessment by the U.S. Geological Survey (USGS).
Thousands Still Without Gas Service in Upper Manhattan
Hundreds of workers with Consolidated Edison Co. of New York Inc. (Con Ed) and other companies are reportedly working around the clock to restore natural gas service to approximately 4,300 customers in New York City’s Upper Manhattan.
National Fuel, Tennessee Marcellus Projects Get Approvals
FERC has issued a favorable environmental assessment of National Fuel Gas Supply Corp.’s Northern Access Project and Tennessee Gas Pipeline’s 230C Project, both of which would provide for the bidirectional flow of 320,000 Dth/d of Marcellus Shale gas to the system of TransCanada PipeLines Ltd. at Niagara, NY.
Pennsylvania Wants Operator Wastewater Clarification
The Pennsylvania Department of Environmental Protection (DEP) is sending certification letters to approximately 80 operators in the state, asking them to certify by Aug. 29 that they have stopped delivering wastewater from Marcellus Shale gas drilling to municipal treatment facilities.