Butler

Marcellus Shale development in Pennsylvania continued to remain level in February.

As part of its strategy to create a major natural gas supply hub in northeastern Pennsylvania, Williams Partners has formed an interstate pipeline joint venture with Cabot Oil & Gas Corp., one of the top producers in the Marcellus Shale.

A single Marcellus Shale well in southwestern Pennsylvania directly adds $7.6 million to the economy, on average, according to a new study released Tuesday.

SandRidge Energy will transfer a 13.2% interest in its Mississippian Lime play acreage in northern Oklahoma and southern Kansas to an affiliate of South Korean investment firm Atinum Partners Co. for $500 million, the Oklahoma City-based company said.

A unit of S&T Bank has formed an alliance with Oklahoma-based Heritage Trust Co. to provide financial services for landowners who lease their property to natural gas drilling companies in the Marcellus Shale. S&T Wealth Management services will include lease and lease renewal offers and negotiation; negotiation of surface damage rights; and verification, monitoring and administration of royalty payments. Indiana, PA-based S&T Bank operates 51 offices in 10 counties in western and central Pennsylvania, including Allegheny, Butler and Westmoreland counties.

National Association of Regulatory Utility Commissioners (NARUC) President Frederick Butler of New Jersey appointed California Public Utilities Commissioner Timothy Simon and Arkansas Public Service Commissioner Colette Honorable to serve as co-vice chairs of NARUC’s natural gas committee. Committee members work with the Federal Energy Regulatory Commission and the U.S. departments of Energy and Transportation.