Aside from those that have leased lands for development, Pennsylvania school districts do not seem to be benefiting much financially from Marcellus Shale activity, according to a recent report from Pennsylvania State University.
Economics
Articles from Economics
West Virginia Cracker Could Face Federal Air Quality Issues
Current and former officials in the West Virginia Department of Environmental Protection (DEP) warn that companies hoping to build an ethane cracker in the state could have difficulty getting the necessary permits if they choose to build in areas that don’t meet federal air quality standards.
Matador Weights 2012 Spending to Liquids-Rich Eagle Ford Shale
Joining the months-long trend in the industry of transitioning from dry natural gas targets to more liquids-rich plays due to market economics, Dallas-based Matador Resources Co. said recently its 2012 plans will target the Eagle Ford Shale of South Texas while ramping down the development of its Haynesville Shale acreage in North Louisiana.
Northwest Gas Infrastructure Still Needed, NW Natural CEO Says
Despite 10-year low natural gas prices dampening the short-term economics, more gas pipeline and storage infrastructure ultimately is needed in the Pacific Northwest, according to Gregg Kantor, CEO of Portland, OR-based NW Natural Corp. Kantor made the remarks in reporting decreased profits on a conference call with financial analysts Tuesday.
Southwestern Cutting Fayetteville Drilling for Marcellus
Proving that different shale plays have different economics, Southwestern Energy Co. plans to cut spending in the Fayetteville Shale and increase spending in the Marcellus Shale this year, the company said Tuesday.
Water Treatment Pilots Slated for Permian Basin
Water reclamation services firm STW Resources Holding Corp. is planning pilot projects in the Permian Basin of West Texas to process produced oilfield water. The Midland, TX-based firm said its mobile processing unit will handle up to 500 barrels of water per day for up to 10 days per site. Some of the processed water could be used for hydraulic fracturing (fracking).
Ohio State Professor: Shale Will Create 20K Jobs, Not 200K
A report by an economics professor at Ohio State University says shale gas development in eastern Ohio will generate jobs, but only a fraction of the total projected by the industry.
Shale to Help British Columbia Capture Canada’s Gas Producing Crown
British Columbia will eclipse Alberta as Canada’s top gas producing province by tapping prolific shale deposits, the National Energy Board said.
Poll Finds Pennsylvanians Split on Fracking
Pennsylvanians are narrowly split on whether the benefits of hydraulic fracturing (fracking) are worth the potential risks, according to the results of a survey conducted by the Mercyhurst Center for Applied Politics (MCAP) at Mercyhurst College in Erie, PA.
Santa Barbara County Enters California Fracking Debate
Government officials, environmentalists and industry representatives carried the debate on hydraulic fracturing (fracking) to California’s south-central coast last Thursday in Santa Barbara County, and while there was no across-the-board agreement, local elected officials did voice surprise that fracking is a potential issue in their county where offshore oil/gas development has had a long-standing love-hate relationship with residents.