A unit of S&T Bank has formed an alliance with Oklahoma-based Heritage Trust Co. to provide financial services for landowners who lease their property to natural gas drilling companies in the Marcellus Shale. S&T Wealth Management services will include lease and lease renewal offers and negotiation; negotiation of surface damage rights; and verification, monitoring and administration of royalty payments. Indiana, PA-based S&T Bank operates 51 offices in 10 counties in western and central Pennsylvania, including Allegheny, Butler and Westmoreland counties.
Articles from Landowners
The Colcom Foundation of Pittsburgh, PA, has launched the $1 million Marcellus Environmental Fund to distribute grants to nonprofit organizations “to address the accelerating environmental impact of shale drilling in western Pennsylvania through public education, community engagement, best practices, baseline data collection, ongoing monitoring, land owner guidance and collaborative projects.”
Natural gas drilling in Pennsylvania’s Marcellus Shale over the next two decades could impact the state’s forests and alter several thousand acres of habitat, The Nature Conservancy said Monday in a study.
An El Paso Corp. subsidiary and Spectra Energy Corp. have executed a memorandum of understanding to jointly develop the proposed Marcellus Ethane Pipeline System (MEPS) project.
Midcoast Interstate Transmission and two groups oflandowners-environmentalists last week lost their year-long battlein court to overturn the FERC orders awarding a certificate toSouthern Natural Gas to build and operate a competing pipelineextension into northern Alabama.
Midcoast Interstate Transmission and two groups oflandowners/environmentalists have lost their year-long battle incourt to overturn FERC orders awarding a certificate to SouthernNatural Gas to build and operate an extension into northernAlabama.