Philadelphia

Dry Gas Bargain in the Barnett Gets Investor Attention

Investors apparently approved of Philadelphia-based Atlas Resource Partners LP’s deal to acquire 277 Bcfe of proved reserves, including undeveloped drilling locations, in the Barnett Shale from Carrizo Oil & Gas. Atlas shares closed up 32% Friday following the deal’s announcement.

March 19, 2012

Pennsylvania Marcellus Activity Level in Early 2012

After three years of exponential growth, the Marcellus Shale is showing signs of plateauing this year.

March 2, 2012

Group Challenges Pennsylvania Air Quality Regulations

An environmental group is challenging how Pennsylvania combines air emissions from interconnected Marcellus Shale infrastructure for regulatory purposes.

February 24, 2012

Cabot: Methane Present in Water Wells Before Gas Drilling

Cabot Oil & Gas Corp. and GSI Environmental Inc. are questioning a Duke University study that found a link between hydraulic fracturing and increased cases of gas migration in northeastern Pennsylvania.

January 18, 2012

Industry CEOs Urge Strong Shale Gas Promotion, Leadership

The public debate over shale gas came to a head in Philadelphia last week, as industry executives touted their achievements, government officials praised and criticized those developments, and protestors shouted from the street outside the two-day Shale Gas Insight 2011 conference hosted by the Marcellus Shale Coalition (MSC).

September 12, 2011

Exec: Higher Standards Could Shrink Number of Shale Players

The need for higher standards in emerging shale plays could push some companies out of the business, a Talisman Energy Inc. executive told a Philadelphia audience Thursday.

September 9, 2011

NRG Adds Northeast Customers with Energy Plus Deal

NRG Energy Inc. will acquire Philadelphia-based retail natural gas and electricity provider Energy Plus Holdings LLC for $190 million in cash, the companies said Tuesday.

August 17, 2011

Pennsylvania Proposals Aim to Lower Personal Taxes

The debate over taxing shale gas production in Pennsylvania is increasingly focusing on where the money would go, as two Philadelphia-area Republican lawmakers proposed severance taxes last week designed to ease the tax burden on individuals.

June 9, 2011

Prices Up Strongly as Eastern Cooling Load Spreads

With Philadelphia temperatures expected to peak around 90 Wednesday, the combination of a mini-heat wave in the East, a 15.8-cent advance by July futures on the previous Friday and the restoration of industrial demand that had been missing during a long holiday weekend caused double-digit price gains across the board Tuesday in the launch of the June aftermarket.

June 1, 2011

Pennsylvania Legislator Proposes Stiff Marcellus Impact Fee

Revenue raised through a proposed impact fee that would cost Marcellus Shale drillers a minimum $10,000 per well annually is needed to help close a project $4.2 billion budget gap in Pennsylvania, according to state Senate President Pro Tempore Joe Scarnati (R-Jefferson).

April 29, 2011