Freeport-McMoRan Copper & Gold on Wednesday returned to its U.S. energy roots with a $9 billion cash-and-stock offer to buy Plains Exploration & Production Co. (PXP), a leading unconventional producer, and McMoRan Exploration Co.
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Marathon Petroleum Corp. (MPC) and Harvest Pipeline Co. have tentatively agreed to develop the capability to ship Utica Shale production from eastern Ohio and western Pennsylvania by barge on the Ohio River.
Siemens Water Technologies will provide Hydro Recovery LP with a system to treat natural gas hydraulic fracturing wastewater from Marcellus Shale drilling and produced water from operating wells in northeastern Pennsylvania. The system, which Siemens said will produce a hydraulic stimulation fluid for reuse, will be part of a new wastewater treatment plant scheduled to go online in April in Tioga County, PA. The system is designed to treat 288,000 gallons of wastewater daily, reducing total suspended solids to less than 100 parts per million. Last year Pennsylvania adopted wastewater treatment rules that limit discharges of wastewater from gas drilling to 500 milligrams per liter (mg/l) of total dissolved solids and 250 mg/l for chlorides (see Daily GPI, Aug. 26, 2010).
Plans for a jumbo, expandable processing plant confirm that Canadian producers are gearing up for sustained development of shale gas in northern British Columbia on a large scale.