Wrapping up a busy Tuesday of transactions with an overarching theme of cooperation on different continents, an ExxonMobil Corp. subsidiary has entered a farm-out agreement with a subsidiary of Canada-based Americas Petrogas for the exploration and potential exploitation of shale in Americas Petrogas’s Los Toldos blocks (163,500 gross acres) located in Neuquen, Argentina.
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Wellsburg, WV, Takes Step to Repeal Drilling Ban
The City of Wellsburg, WV, has taken its first step toward repealing an ordinance it had enacted less than three months ago calling for a ban on natural gas drilling within the city and an adjacent one-mile buffer zone.
July 27, 2011
Engelder: Shale Profitability Not Immediate
The economics of shale gas development are fundamentally different than conventional resources, requiring a longer time line to reach profitability, according to Terry Engelder, the Pennsylvania State University geosciences professor who helped prove the value of the Marcellus Shale.
July 11, 2011
Engelder: Shale Profitability Not Immediate
The economics of shale gas development are fundamentally different than conventional resources, requiring a longer time line to reach profitability, according to Terry Engelder, the Pennsylvania State University geosciences professor who helped prove the value of the Marcellus Shale.
July 7, 2011
Penn Virginia Disappointed in First Marcellus Wells’ Production
Despite production rates that would have been considered impressive under different circumstances, Penn Virginia Corp. (PVA) on Tuesday expressed disappointment in results from its first three horizontal wells on its Marcellus Shale leasehold in Pennsylvania.
June 30, 2011
Pennsylvania Senator Brings Back the FRAC Act
Sen. Bob Casey (D-PA) reintroduced legislation on Tuesday to increase regulations on hydraulic fracturing (hydrofracking), but the new bill is entering a different world than its predecessor.
March 17, 2011
Reporting Error Throws Off Wastewater Statistics
The Pennsylvania Department of Environmental Protection (DEP) is having to revise wastewater statistics after one producer misreported figures.
March 11, 2011
U.S. Producers Taking Shale Know-How on the Road
Untapped unconventional gas plays still exist in pockets across North America, but domestic producers are branching out to test prospects in Europe, the Asian Pacific area, Africa and elsewhere to stake their claims in the next big shale plays.
November 3, 2010
May Futures Rebound in First Regular Session in the Limelight
Setting a different tone than the prior front-month contract, May natural gas futures in their first regular session action on Tuesday probed higher price levels, recording a high of $3.990 before closing the day at $3.973, up 5.7 cents from Monday’s finish.
March 31, 2010
May Futures Rebound in First Regular Session in the Limelight
Setting a different tone than the prior front-month contract, May natural gas futures in their first regular session action on Tuesday probed higher price levels, recording a high of $3.990 before closing the day at $3.973, up 5.7 cents from Monday’s finish.
March 31, 2010
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