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Newfield, Hess Terminate Leases in Northeast Pennsylvania

In a blow to oil and gas development in northeast Pennsylvania, Newfield Exploration Co. and its joint venture (JV) partner, Hess Corp., have terminated about 1,500 leases in the region and dashed hopes that landowners could earn about $187.5 million in lease payments.

July 17, 2013

Faced With Shale Boom, SRBC Vows Increased Monitoring, Communication

The Susquehanna River Basin Commission (SRBC) said it will focus on regulatory activities and water quality monitoring related to shale gas development within the basin, as the organization begins its latest two-year Water Resources Program for the fiscal years 2014 and 2015.

July 8, 2013

BLM Issues Revised Draft Fracking Rules

Calling them a common sense approach that will complement state efforts, U.S. Interior Secretary Sally Jewell and Bureau of Land Management (BLM) officials Thursday unveiled revised draft rules for hydraulic fracturing (fracking) on all federal and Indian lands. The draft rules will now go through a 30-day public comment period.

May 17, 2013

Oxy’s Focus on the Permian, Bakken and California

There are three major plays that have the full attention of Occidental Petroleum Corp.’s (Oxy) strategy to significantly grow its U.S. drilling operations — California, the Permian Basin and the Bakken — and they each have their different timetables and challenges, said Oxy CEO Stephen Chazen.

April 29, 2013

Authority Takes Consol’s Lower Bid for Allegheny Airports Lease

The Allegheny County Airport Authority (ACAA), which runs Pittsburgh International Airport and Allegheny County Airport, has accepted the lower of two bids it received to drill Marcellus Shale natural gas wells on airport property.

December 18, 2012

70% Loss in Wall Thickness, Pressure Drop Eyed in Columbia Rupture

The wall thickness of a section of pipe on the 20-inch diameter Columbia Gas Transmission system that ruptured Tuesday in West Virginia was significantly deteriorated, said National Transportation Safety Board (NTSB) investigators Thursday. There also was a pressure drop on the line, but the magnitude of the decrease is unknown as was whether drop was the result of the rupture or its cause.

December 17, 2012

Sasol Bets on U.S. Gas With $21B GTL Plant

South Africa’s Sasol Ltd. last week put in all the chips on a bet that U.S. natural gas is here to stay, announcing plans to construct a $16-21 billion natural gas-to-liquids (GTL) plant in Westlake, LA — the second largest commercial plant of its kind in the world.

December 10, 2012

Romney’s Energy Plan Heavy On Domestic Oil and Natural Gas

Presumptive Republican presidential candidate Mitt Romney on Thursday unveiled an energy plan that he said would open more federal lands to oil and gas drilling and would make North America energy independent by 2020 — the final year of his second term in office — if he is elected this November.

August 24, 2012

Brookings: Laissez-Faire Approach Best for LNG Exports

If the United States were to let loose on the global market some of its bellyful of natural gas reserves, the effect on markets here and abroad as well as on the environment would be modest pretty much across the board, a year-long study of potential liquefied natural gas (LNG) exports by the Brookings Institution has concluded.

May 7, 2012

ExxonMobil Exploring All Avenues to Hike Gas Demand

All the things that North America’s natural gas operators are doing today to gin up demand for the fuel here and abroad — liquefied natural gas (LNG) exports, increased use as a transportation fuel, petrochemical facility expansions, power plant conversions from coal to gas and more — already are being investigated by ExxonMobil Corp. today, an executive said last week.

April 30, 2012
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