Endeavour International Corp. on Wednesday said it has terminated purchase and sale agreements with SM Energy Co. and other minority owners to buy a 42,000-acre leasehold and associated pipeline assets in McKean and Potter counties in northern Pennsylvania.
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Atlanta-based AGL Resources and Naperville, IL-based Nicor Inc. received approval of their merger from the Illinois Commerce Commission (ICC) last Wednesday, the final regulatory nod needed to create a natural gas distribution behemoth operating in seven states.
The Pennsylvania Department of Conservation and Natural Resources (DCNR) is assisting an investigation by the federal National Park Service (NPS) to determine whether any Marcellus Shale natural gas wells on state forest land were improperly approved by the state.
Norse Energy Corp. ASA, which early in the year had sent notices of force majeure in response to New York’s ban on permitting for drilling operations involving hydraulic fracturing (fracking), has reallocated resources to focus on Marcellus and Utica shale development in anticipation of new rules allowing the use of fracking in the state, the company said Tuesday.
North America’s strong natural gas supply outlook is thanks to what has taken place below ground: horizontal drilling with long laterals and hydraulic fracturing well stimulation. However, what is happening above ground will determine to what extent these efforts will benefit the country’s energy security.
New York’s Department of Environmental Conservation (DEC) should complete work on a supplemental generic environmental impact statement (SGEIS) on hydraulic fracturing (hydrofracking) by July 1 and the State Assembly should “reject all forms of obstructive legislation” that would delay natural gas development, according to letters sent to Gov. Andrew Cuomo and lawmakers by the The Independent Oil & Gas Association of New York (IOGA).
Privately held Crestwood Midstream Partners LP has completed its acquisition of midstream assets in the Fayetteville Shale in northwest Arkansas and the Granite Wash play in the Texas Panhandle, the Houston-based company said. The deal was announced in February.
Pennsylvania Gov. Ed Rendell signed into law Wednesday legislation reducing the amount of roll-back tax that owners of farmland must pay when leasing land and mineral rights for natural gas development.
An official with a major New York-based environmental advocacy group said he supports the practice of hydraulic fracturing (hydrofracking) in the production of shale gas, and believes it can be done safely, despite what critics claim.