Believe

Ohio Landowners Optimistic They Will Lease Their 95K Acres

Several groups of Ohio landowners looking to lease thousands of acres in the Utica Shale believe their prospects are getting brighter now that the U.S. presidential election is over, oil and natural gas companies are starting to make moves and promising results are emerging from a well in Athens County.

November 9, 2012

Binghamton, NY, Fracking Moratorium Tossed by Judge

A New York judge on Tuesday invalidated the City of Binghamton’s two-year ban by on hydraulic fracturing (fracking) and exploration activities that was enacted late last year.

October 4, 2012

New York Rules Delay Frustrates Oil, Gas Operators

If New York regulators don’t meet a Nov. 29 deadline to finalize the rulemaking process for natural gas drilling using hydraulic fracturing (fracking), it may force more producers and service companies to move out of state, a spokesman for the Independent Oil and Gas Association of New York (IOGA-NY) said Monday.

October 2, 2012

Survey Finds Support for Marcellus Drilling in Pittsburgh Area

Residents of Pittsburgh and the 32-county area surrounding it believe drilling for natural gas in the Marcellus Shale is both an economic opportunity for the region and a potential environmental and public health threat, according to the results of a recent survey conducted by PittsburghToday and the staff of the University of Pittsburgh’s University Center for Social and Urban Research.

August 6, 2012

Fourth Company Eyeing West Virginia for Ethane Cracker

A fourth company is considering plans to build an ethane cracker in West Virginia, according to state Commerce Secretary Keith Burdette.

July 18, 2012

Royal Society: Fracking OK for the UK with Regulation

Operational best practices and “robustly enforced” regulation can make hydraulic fracturing (fracking) a safe practice in the United Kingdom, according to a review by the Royal Society and the Royal Academy of Engineering.

July 6, 2012

Pennsylvania Data Shows Shift to Wet Gas, Top Operator Shuffle

Operators in Pennsylvania spud fewer Marcellus Shale gas wells last month than the year before, shifted their focus to counties in wetter areas of the play and saw turnover at the top in terms of most wells spud, data from the state Department of Environmental Protection (DEP) shows.

June 8, 2012

Moody’s: Chesapeake Must Sell $7B of Assets or Breach 2012 Debt Covenants

Chesapeake Energy Corp. has to sell “at least” $7 billion worth of assets this year to avoid a breach of debt covenants and a credit downgrade, a senior analyst with Moody’s Investors Service said Thursday.

June 1, 2012

Texas Town’s Drilling Supporters Fall Short of Petition Goal

Citizens for Property Rights (CPR), a five-member group that opposes what members believe are too-strict restrictions on gas drilling imposed by the city of Southlake, TX, failed to get enough signatures on a petition to relax some of the rules. However, CRP Chairman Stephen Oren said the group will try again.

May 31, 2012

Kasich Tax Proposal Finds Support in Ohio Poll

New taxes on companies drilling for natural gas and oil in Ohio have the support of a majority of the state’s voters — especially if the resulting revenue would be spent to cut income taxes for residents — according to the results of a recent Quinnipiac University poll.

May 14, 2012