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The Pennsylvania Department of Environmental Protection (DEP) announced Friday that it has finalized new guidelines intended to expedite the drilling permit application process.

Murphy Oil Corp.’s plans to spin off its downstream operations will allow it to focus more time and money on exploration and production (E&P) opportunities, including a big leasehold in the Eagle Ford Shale, executives said Tuesday.

The Pennsylvania Department of Environmental Protection (DEP) said Thursday it will publish a draft version of new guidelines intended to expedite the drilling permit application process. DEP will accept public comments on its proposals until Oct. 1.

An executive order (EO) issued by Pennsylvania Gov. Tom Corbett on Tuesday requires the state’s Department of Environmental Protection (DEP) to immediately start looking for ways to speed up the permit process for applications to drill.

Chesapeake Energy Corp., which has used a variety of savvy financial means to raise money for exploring and developing its vast unconventional portfolio in the United States, is preparing to launch its diverse onshore oilfield services unit through an initial public offering (IPO), a separate company that would continue to be closely tied to its main customer, the Oklahoma City-based producer.

The future of American’s shale industry is bright and the darkest shadows on the horizon are nothing more than black swans — potential problems that involve high impact risks but a low probability of occurring — according to Natural Gas Supply Association of America (NGSA) CEO R. Skip Horvath.

Global exploration and production (E&P) spending is forecast to grow by about 9% this year, with U.S. money targeting unconventional and deepwater plays, according to a survey by the energy team at Dahlman Rose & Co.

Global exploration and production (E&P) spending is forecast to grow by about 9% this year, with U.S. money targeting unconventional and deepwater plays, according to a survey by the energy team at Dahlman Rose & Co.

Pennsylvania must begin to take steps to protect average homeowners from rising housing costs and rental rates in the Marcellus Shale region, according to a new study.