Fifty-five investment organizations and institutional investors with nearly $1 trillion in assets under management are pushing for implementation of “best practices” for hydraulic fracturing (fracking), according to a trio of shareholder groups — Boston Common Asset Management, the Investor Environmental Health Network (IEHN) and the Interfaith Center on Corporate Responsibility (ICCR) — which are spearheading the effort.
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MSC Touts Marcellus Best Practices
Seeking to create a uniform standard for how the oil and gas industry in the Appalachian Basin goes about drill site planning, developing and restoring the landscape once operations are complete, the Marcellus Shale Coalition (MSC) has released its first Recommended Practices (RP) report.
Oilfield Services Business Next Financial Windfall for Chesapeake?
Chesapeake Energy Corp., which has used a variety of savvy financial means to raise money for exploring and developing its vast unconventional portfolio in the United States, is preparing to launch its diverse onshore oilfield services unit through an initial public offering (IPO), a separate company that would continue to be closely tied to its main customer, the Oklahoma City-based producer.
Obama Says Vote On Terminating Oil, Gas Subsidies Is Weeks Away
Revisiting his initiative to repeal the $4 billion in subsidies that taxpayers provide the oil and gas industry each year, President Obama on Thursday reiterated part of his State of the Union address that there’s only one real path forward for America’s future: an “all of the above” approach that develops every source of energy available.
Ohio Governor Urges Care in Shale Development
Ohio Gov. John Kasich said the state should be prudent in developing the Marcellus and Utica shales, maintaining tough environmental regulations while looking to attract jobs and investment.
Ohio Governor Calls for Prudent Shale Development
Ohio Gov. John Kasich said the state would be prudent in developing the Marcellus and Utica shales, maintaining tough environmental regulations while looking to attract jobs and investment.
Water Supply for Eagle Ford Seen as Sufficient
There’s enough water in the Carrizo Wilcox Aquifer in South Texas to support Eagle Ford Shale oil and gas drilling and hydraulic fracturing as well as other uses, such as irrigation, according to the Eagle Ford Task Force. This is in spite of a drought that has gripped most of Texas, according to experts.
Shell U.S. GTL Facility in Early Stages
Royal Dutch Shell plc is in the early stages of developing “large-scale” natural gas-to-liquids (GTL) projects in the United States that would mirror worldwide projects, an executive said last week in Qatar.
Shell’s ‘Ambition’ for U.S. GTL Facility in Early Stages, Says Exec
Royal Dutch Shell plc is in the early stages of developing “large-scale” natural gas-to-liquids (GTL) projects in the United States that would mirror worldwide projects, an executive said Monday in Qatar.
Industry Briefs
SemGroup Corp. and Exterran Holdings Inc. are developing a gas processing plant for SemGas LP to service growing midstream services demand in the Mississippi play. SemGas has agreed to buy the new gas processing plant and associated compression equipment. It is expected that the plant will be designed and fabricated by Exterran to handle a throughput of 60 MMcf/d and will feature cryogenic technology for natural gas liquid extraction and enhanced ethane recovery. Exterran offers pre-engineered processing plants in quantities of 60, 150 and 200 MMcf/d nominal capacity.