Range Resources Corp. CEO John Pinkerton said he believes 2012 will be “a breakout year” for the company as it ramps up production in the Marcellus Shale and develops assets in other plays to replace those in the Barnett Shale that were sold in April.
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AGA: Natgas Prices Similar to Last Winter, Another Outage Unlikely
The American Gas Association (AGA) announced Tuesday that it believes natural gas prices for the 2011-2012 winter season will be similar to prices from last winter, but stressed that a repeat of the gas delivery disruptions seen last February in the Southwest were unlikely this time around due to warmer weather and higher gas supplies.
Survey: Most Pennsylvanians Still Support Gas Production Tax
Pennsylvanians are increasingly in favor of imposing a severance tax on natural gas production, according to a poll released Wednesday by the Center for Opinion Research (COR) at Franklin & Marshall College in Lancaster, PA.
Think Tank Challenges Marcellus Economic Impact
A Pennsylvania think tank believes a recent study inflates the economic importance of the Marcellus Shale.
$1B Chesapeake Fund Aims to Grow Gas Demand
Having been part of the shale natural gas supply revolution, Chesapeake Energy Corp. wants to “kick-start the demand revolution,” CEO Aubrey McClendon said Monday when the company announced a $1 billion venture capital fund — Chesapeake NG Ventures Corp. (CNGV) — to invest in companies and technologies to enable replacement of gasoline and diesel fuel with natural gas and gas-to-liquids (GTL) fuels.
Marcellus Producers Say They Reuse Wastewater
Six major producers in the Marcellus Shale say they expect to recycle or inject all of their wastewater by the end of the year, according to information released by the U.S. Environmental Protection Agency (EPA) on Wednesday.
Think Tank Questions Marcellus Job Growth
A Pennsylvania think tank believes employment figures from Marcellus Shale development are overinflated.
Range Aiming to Do More With Less
Range Resources Corp. expects capital spending to be flat from 2011 to 2012 as the company becomes more efficient in the Marcellus Shale and completes its sale of assets in the Barnett Shale, but to rise in 2013 as the company increases drilling.
Magnum Hunter Spending to Target Eagle Ford Oil Window
Houston-based Magnum Hunter Resources Corp. plans to spend a good chunk of its 2011 drilling and operational budget not far from home — in the Eagle Ford Shale play of South Texas. In outlining recent drilling results there the company emphasized that it’s learning as it goes.
MarkWest Stepping Up Midstream Capabilities in Appalachia
MarkWest Energy Partners LP and MarkWest Liberty Midstream & Resources LLC have announced an acquisition as well as an infrastructure development deal to serve EQT Corp. and other producers in Appalachia.