Industry Brief

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.

March 24, 2011

Foundation Offers Grants to Study Marcellus Drilling

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.”

December 27, 2010

Marcellus Shale Development to Impact Pennsylvania Forests, Says Study

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.

November 16, 2010

El Paso, Spectra Planning Marcellus Ethane Pipeline

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.

October 26, 2010

Midcoast, GASP Lose Court Fight over AL Line

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.

January 24, 2000

Midcoast, GASP Lose Court Fight over AL Line

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.

January 20, 2000
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