Pennsylvania Department of Environmental Protection (DEP) Secretary Michael Krancer said late last month he is “not convinced” that wastewater injection wells are an issue in the state, and said he disagreed with a state legislator’s plan to enact a two-year moratorium.
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Whiting Increasing Its Presence in Emerging Shale Plays
Officials with Whiting Petroleum Corp. said the company is poised to meet its production guidance for the year, with increased drilling in emerging shale plays and a slight increase in capital expenditures (capex).
Pennsylvania Bill Would Require Pre-Drill Water Quality Testing
A longtime foe of hydraulic fracturing (fracking) in the Pennsylvania General Assembly has introduced a bill that would require companies applying for permits to drill Marcellus Shale natural gas wells to conduct pre-drill water quality tests for nearby landowners that request it.
Texas Producers Sue to Block City of Arlington Well Fee
Texas natural gas producers are suing the City of Arlington, TX, to stop a recently enacted $2,400 per well annual fee on operators. The fee’s anticipated $781,450 annual revenue would fund the city’s “Natural Gas Well Preparedness and Response Plan,” which was adopted in March.
Maryland House Passes 7.5% Severance Tax on Natural Gas
The Maryland House of Delegates passed a 7.5% state severance tax on natural gas production on Monday, which if adopted would become the highest severance tax rate for natural gas in the Marcellus Shale.
Raymond James: Operators Testing Liquids Ideas
The upstream industry could see its drilling inventory grow if horizontal drilling opportunities being explored by several companies pan out, according to analysts at Raymond James & Associates Inc.
Total Takes 25% Stake in Chesapeake’s Utica Leasehold
As has been rumored for weeks, French energy giant Total SA is paying $2.32 billion to acquire a one-quarter stake in Chesapeake Energy Corp.’s massive Utica Shale leasehold in Ohio in the second big partnership targeting unconventional oil and gas between the companies.
ConocoPhillips Is High Bidder in First Post-Macondo Auction
ConocoPhillips last Wednesday bid $103.2 million for a tract in the western Gulf of Mexico (GOM), making it the highest bidder in the first auction held by the federal government in the region since the Macondo well blowout in 2010 (see see NGI, April 26, 2010).
ConocoPhillips Is High Bidder in First Post-Macondo Auction
ConocoPhillips Wednesday bid $103.2 million for a tract in the western Gulf of Mexico (GOM), making it the highest bidder in the first auction held by the federal government in the region since the Macondo well blowout in 2010 (see Daily GPI, April 26, 2010).
FBR: Market Can Handle Marcellus Growth
The growth of the Marcellus Shale likely won’t be constrained by market demand, despite a projected seven-fold increase in production from the play over the next 15 years, according to FBR Capital Markets.