Pittsburgh’s CONSOL Energy Inc., which has increasingly been focused on its Appalachian natural gas operations, agreed Thursday to sell Noble Energy Inc. half of its 663,350 net-acre leasehold in a portion of the Marcellus Shale in Pennsylvania and West Virginia, including a half-stake in existing wells, under a multi-year transaction valued at $3.4 billion.
Tag / Pittsburgh
SubscribePittsburgh
Articles from Pittsburgh
Judge Strikes Down Morgantown Fracking Ban
A judge in West Virginia has struck down the city of Morgantown’s ordinance banning hydraulic fracturing (fracking), ruling that the state Department of Environmental Protection (DEP) has exclusive dominion over the regulation of natural gas drilling.
Pittsburgh Mayor Shoots Down Drilling Ban
The mayor of Pittsburgh said he would not sign a measure allowing voters to decide whether to ban natural gas extraction in the city, but the city council is still trying to get the referendum on the ballot.
Consol Preparing Utica Shale Drilling
Consol Energy Corp. is returning to the Utica Shale. The Pittsburgh coal and gas producer recently announced plans to run six rigs starting this fall, five on its acreage in the Marcellus Shale and one full time in the Utica of eastern Ohio.
EPA Proposes Crackdown on Shale Patch Air Emissions
In a landmark maneuver Thursday the U.S. Environmental Protection Agency (EPA) released a list of proposed standards to reduce air pollution from oil and natural gas drilling operations, with particular attention paid to shale development operations, which include hydraulic fracturing (hydrofracking).
Marcellus Discharges into Monongahela River Disputed
Two environmental groups have asked a federal court in Pittsburgh to enjoin the Municipal Authority of the City of McKeesport from accepting any wastewater from Marcellus Shale drilling operations at its sewage plant, but an official with the facility says it hasn’t accepted Marcellus wastewater for the last three months.
Pennsylvania Governor Eyes Fall for Tax Debate
Pennsylvania most likely won’t see a tax or fee on shale development this summer.
Expect Shale to Go to the Majors, Investor Says
Domestic shale gas will increasingly be developed by the majors, an energy industry financier told an audience in Pittsburgh on Monday.
Shale Industry Considers Going on the Offensive
The shale industry might need to go on the offensive against its critics, the head of an advocacy group told an audience in Pittsburgh last Tuesday.
Shale Industry Considers Going on the Offensive
The shale industry might need to go on the offensive against its critics, the head of an advocacy group told an audience in Pittsburgh Tuesday.