Coalbed

Royalty Underpayment Alleged in Virginia

Plaintiffs’ attorneys seeking class action status for lawsuits that allege Virginia producers have unlawfully taken coalbed methane gas from landowners last week filed additional complaints against leading Virginia producers Consol Energy Inc., its CNX Gas Corp. and EQT Corp. This time the companies are alleged to have sold landowners’ gas at below-market prices and improperly deducted processing and transportation costs.

July 5, 2010

Lawsuits Allege Royalty Underpayment in Virginia

Plaintiffs’ attorneys seeking class action status for lawsuits that allege Virginia producers have unlawfully taken coalbed methane gas from landowners Monday filed additional complaints against leading Virginia producers Consol Energy Inc., its CNX Gas Corp. and EQT Corp. This time the companies are alleged to have sold landowners’ gas at below-market prices and improperly deducted processing and transportation costs.

June 30, 2010

Virginia Lawsuits Claim Unlawful CBM Production

Landowners in Virginia are suing Consol Energy Inc. and its CNX Gas Corp.; and EQT Corp. and its EQT Production Co., alleging that coalbed methane (CBM) is being unlawfully produced from their lands. The lawsuits challenge the constitutionality of provisions of Virginia’s Gas and Oil Act and could yield billions in compensatory and punitive damages, a plaintiffs’ lawyer told NGI.

June 21, 2010

Lawsuits Target Virginia Producers

Landowners in Virginia are suing Consol Energy Inc. and its CNX Gas Corp.; and EQT Corp. and its EQT Production Co., alleging that coalbed methane (CBM) is being unlawfully produced from their lands. The lawsuits challenge the constitutionality of provisions of Virginia’s Gas and Oil Act and could yield billions in compensatory and punitive damages, a plaintiffs’ lawyer told NGI.

June 21, 2010

Powder River Coalbed Gas Output Set a New Record in 2009

Coalbed natural gas (CBNG) production from the prolific Powder River Basin (PRB) in Wyoming hit a new record in 2009, fueled by the output from the Big George coal seam, the Wyoming State Geological Survey (WSGS) reported.

April 9, 2010

Powder River Coalbed Gas Output Set a New Record in 2009

Coalbed natural gas (CBNG) production from the prolific Powder River Basin (PRB) in Wyoming hit a new record in 2009, fueled by the output from the Big George coal seam, the Wyoming State Geological Survey (WSGS) reported.

April 9, 2010

Pinnacle Gas Agrees to Go Private in Investor Buyout

Junior producer Pinnacle Gas Resources Inc., which explores for coalbed methane (CBM) across the Rocky Mountains, said Wednesday it would be taken private in an all-cash transaction by an investor group that agreed to pay a 28% premium to the company’s closing price on Wednesday.

February 25, 2010

Pinnacle Gas Agrees to Go Private in Investor Buyout

Junior producer Pinnacle Gas Resources Inc., which explores for coalbed methane (CBM) across the Rocky Mountains, said Wednesday it would be taken private in an all-cash transaction by an investor group that agreed to pay a 28% premium to the company’s closing price on Wednesday.

February 25, 2010

El Paso E&P Unit Targeting Shales, CBM

El Paso Corp.’s exploration and production (E&P) unit may have downsized in the past few years, but its U.S. focus on natural gas shales and select coalbed methane (CBM) plays is beginning to bear fruit, executives said Thursday.

December 14, 2009

Powder River Drilling Halted for Elk Habitat Review

Coalbed methane (CBM) drilling operations in the Fortification Creek area of the Powder River Basin west of Gillette, WY, have been halted to allow the Bureau of Land Management (BLM) time to review how natural gas development may impact a prized elk herd inhabiting the region. Anadarko Petroleum Corp. and Williams both are working on CBM projects in the area.

December 14, 2009