In an attempt to make the process smoother for oil and gas companies applying for unitization in the emerging Utica Shale, the Ohio Department of Natural Resources (ODNR) has unveiled a series of new application requirements.
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Pennsylvania Gov. Tom Corbett signed 29 bills into law on Tuesday, including SB 259, which the state’s chapter of the National Association of Royalty Owners (NARO) has derided as “a kissing cousin to forced pooling.”
An appeals court in Ohio upheld a local court’s ruling that an operator is not required to fully develop leased property, and disagreed with a landowner’s demand that the undeveloped portion be surrendered and subsequently leased to other oil and gas companies.
No place in the entire world has better dry or wet gas potential than the Marcellus Shale, now “four years into a 50-year play,” but ensuring that there’s enough infrastructure for adequate takeaway will take some time, a top Williams executive said Tuesday.
The Ohio Supreme Court ruled on Wednesday that the state Oil and Gas Commission does not have jurisdiction to hear an appeal of oil or gas well permits issued by the chief of the Division of Mineral Resources, a branch of the Ohio Department of Natural Resources (ODNR).
Make no mistake, the shale boom is a great thing for the country, but anyone expecting it to yield energy independence is in need of a reality check, according to Fitch Ratings.
Mining giant Freeport-McMoRan Copper & Gold Inc. last week put a $9 billion cash-and-stock transaction — $20 billion total including debt — on the table to buy U.S. producers Plains Exploration & Production Co. (PXP) and McMoRan Exploration Co., a deal that is expected to vault Freeport into the upper ranks of domestic producers but initially with faltering shareholder support.
A Dow Chemical Co. executive said he believes the chemical industry will need several additional Bcf/d of natural gas in as little as two-years’ time, when a long list of petrochemical plant projects begin to come online. It’s a demand that should be easy to meet, he said, as long as the United States hasn’t given away its competitive advantage in the marketplace — a gift from shale gas — through the undisciplined export of liquefied natural gas (LNG).