West Virginia DEP Amends Two Marcellus Well Permits

The West Virginia Department of Environmental Protection (DEP) last Thursday amended permits for two Marcellus Shale gas wells being erected in Morgantown to include closed-loop drilling systems, but it has no plans at this time to make the systems a statewide requirement.

May 25, 2011

Boroughs Nix Lease Proposal in Suburban Pittsburgh

Two communities in suburban Pittsburgh voted against a proposal for their regional park authority to sign a five-year, non-surface lease with a land brokerage firm this week, effectively killing the deal.

April 19, 2011

Chesapeake Taking More Midstream Services

MarkWest Liberty Midstream & Resources LLC has signed up units of Chesapeake Energy Corp. for additional midstream services in the Marcellus Shale in northern West Virginia, the partnership said Wednesday.

January 21, 2011

Southwestern to Cut Spending, Sharpen Focus on Fayetteville Shale

Southwestern Energy Co. will devote $1.9 billion to its capital investment program in 2011, down 10% compared with $2.1 billion in 2010, with most of it continuing to be spent on operations in the Fayetteville Shale where the Houston-based producer expects to see a significant increase in production.

December 21, 2010

Unit of Japanese Firm Buying Niobrara Oil Shale Stake

A unit of Japan’s ITOCHU Corp. is to acquire a one-quarter interest in Niobrara oil shale acreage in southeastern Wyoming, marking the first time a Japanese company is participating in a U.S. oil shale project.

October 18, 2010

Florida Public Utilities, Chesapeake Utilities Propose Merger

In a move that would create a $595 million combined energy company serving 200,000 customers in three states, Chesapeake Utilities Corp. (CPK) and Florida Public Utilities Co. (FPU) said Monday they have agreed to merge FPU with a CPK subsidiary.

April 21, 2009

Independent Gas Producers Alliance to Promote Industry

Some of the largest independent producers in the United States — including Chesapeake Energy Corp., Devon Energy Corp. and Newfield Exploration Co. — have formed the American Natural Gas Alliance (ANGA) with a “singular mission” — to increase the public’s “awareness and appreciation” of the abundant domestic gas supplies.

February 26, 2009

Three’s No Charm: Raymond James Cuts U.S. Rig Forecast Again

On the heels of Chesapeake Energy Corp.’s spending cutbacks over the next two years (see related story), Raymond James & Associates Inc. Monday once again cut its projected U.S. rig count, predicting a reduction of 41%, or 850, for 2009.

December 9, 2008

GMX Joins Growing Chorus, Reduces 2009 Capex Plans

Oklahoma City-based GMX Resources Inc. Monday followed cross-town independent Chesapeake Energy Corp. in announcing plans to drastically reduce capital expenditures (capex) in 2009. The junior independent, considered a pure-play gas producer that has earned success in the emerging Haynesville Shale and Bossier Sands of Louisiana and East Texas, plans to cut its projected spending by 45%.

December 9, 2008

Natural Gas as Transport Fuel Gains Ground

Just how prescient were the recent comments of Chesapeake Energy CEO Aubrey McClendon and T. Boone Pickens about increasing the use of natural gas as a transportation fuel? General Motors Corp. (GM) now is calling natural gas an “enticing alternative” to petroleum, and Honda Motor Co. has begun touting “Phill,” a home refueling appliance available to owners of natural gas vehicles (NGV).

August 11, 2008