It’s early days in Chevron Corp.’s shale natural gas and oil program, but it is “an area of significant long-term growth” with opportunities in the United States, Canada, Argentina, China and Europe — in liquids and dry gas — an executive said during the company’s analyst day Tuesday.
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New York County Demands $81.3B For Lost Property Rights
Elected officials in Delaware County, NY, are demanding that the state and New York City pay $81.3 billion in reparations over 60 years for lost property rights, on the grounds that a proposal to ban hydraulic fracturing (fracking) in the city’s extended watershed would exclude 80% of the county’s land from Marcellus Shale drilling.
Pennsylvania Counties Moving Toward Impact Fee
When Pennsylvania Gov. Tom Corbett approved Act 13 last month, he gave county officials across the state 60 days to impose an annual fee on unconventional gas wells, or to opt-out. With a month left until the April 14 deadline, almost all of the eligible counties are on the road toward imposing the fee, but the biggest potential hold-out also happens to be the most active county in the Marcellus Shale (see NGI, Feb. 20).
Most Pennsylvania Counties Back Marcellus Impact Fee Implementation
When Gov. Tom Corbett approved Act 13 last month, he gave county officials across the state 60 days to impose an annual fee on unconventional gas wells, or to opt-out. With five weeks until the April 14 deadline, almost all of the eligible counties are on the road toward imposing the fee, but the biggest potential hold-out also happens to be the most active county in the Marcellus Shale (see Shale Daily, Feb. 15).
Most PA Counties Back Marcellus Impact Fee Implementation
When Gov. Tom Corbett approved Act 13 last month, he gave county officials across the state 60 days to impose an annual fee on unconventional gas wells, or to opt-out. With five weeks until the April 14 deadline, almost all of the eligible counties are on the road toward imposing the fee, but the biggest potential hold-out also happens to be the most active county in the Marcellus Shale (see Daily GPI, Feb. 15).
‘Considerable’ Work Needed on New York Fracking Rules
New York Department of Environmental Conservation (DEC) Commissioner Joe Martens said the agency plans to maintain current staff levels during the upcoming fiscal year because the budget doesn’t include funds to monitor new unconventional wells.
EQT: Earnings, Production, Proved Reserves Up in 2011
Just days after it announced that it would suspend drilling in the Huron Shale, EQT Corp. said Thursday that its 2011 earnings totaled $479.8 million and annual production increased more than 44% from a year ago, to 194.4 Bcfe.
EQT Sees Boost in Earnings, Production, Proved Reserves in 2011
Just days after it announced that it would suspend drilling in the Huron Shale, EQT Corp. said Thursday that its 2011 earnings totaled $479.8 million and annual production increased more than 44% from a year ago, to 194.4 Bcfe.
Shale Backers Say Proposed New York Frack Rules Too Restrictive
Several key supporters of shale development in New York say the state Department of Environmental Conservation’s (DEC) proposed rules governing high-volume hydraulic fracturing (fracking) are too restrictive and in their current form would drive operators to other states.
Transportation Notes
Florida Gas Transmission ended Friday an Overage Alert Day that had been in effect for the previous three days.