The Pennsylvania Supreme Court reaffirmed the state’s 131-year history of mineral rights law on Wednesday, unanimously ruling in favor of a Susquehanna County couple that had filed suit over the rights to the Marcellus Shale gas under their property.
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Enterprise May Switch Seminole Pipeline from NGLs to Crude
Enterprise Products Partners is considering repurposing a portion of its 1,373-mile Seminole pipeline, which currently transports natural gas liquids (NGL) from the Hobbs hub and the Permian Basin to markets in south Texas, including the Enterprise NGL fractionation facility in Mont Belvieu, TX.
NGL Exports to Bolster Gas Production, Says Brookings
Natural gas liquids (NGL) account for a significant portion of what many international organizations refer to as “oil production” from the United States, according to analysts from the Brookings Institution.
Fracking ‘Not Significant’ Cause of Tremors, Say UK Researchers
After studying hundreds of thousands of hydraulic fracturing (fracking) operations, the practice was determined to have caused noticeable tremors at the surface in only three cases and was “not a significant” source of earthquakes, according to researchers at UK’s Durham University.
Export of NGLs Will Bolster Gas Production, Analysts Say
Natural gas liquids (NGL) account for a significant portion of what many international organizations refer to as “oil production” from the United States, according to analysts from the Brookings Institution.
Shale Activities Could Replace Former Ohio Steel Plant Site
A former steel plant in Steubenville, OH, is being redeveloped into an industrial park, a portion of which state and local officials say will be used to support operations in the Marcellus Shale.
West Virginia Supreme Court Asked to Rule in Surface Rights Case
A district court judge wants the highest court in West Virginia, the Supreme Court of Appeals, to certify whether existing state law allows a company to drill on land where it doesn’t own the surface rights, but it owns the underlying mineral rights.
Hedge Fund Forces Power Shift at SandRidge
After months of haggling, hedge fund TPG-Axon Capital, which owns 7.3% of outstanding SandRidge Energy Inc. shares, has gained at least a portion of the changes it had urged at the Oklahoma City-based company, and it stands poised to remove CEO Tom Ward or take control of the board of directors.
Hedge Fund Forces Power Shift at SandRidge
After months of haggling, hedge fund TPG-Axon Capital, which owns 7.3% of outstanding SandRidge Energy Inc. shares, has gained at least a portion of the changes it had urged at the Oklahoma City-based company, and it stands poised to remove CEO Tom Ward or take control of the board of directors.
Matador an Eagle Ford Oil Bull
Matador Resources Co., which is focused on the liquids-rich portion of the Eagle Ford Shale, grew its oil production almost eight-fold last year to just over 1.2 million bbl from 154,000 bbl in 2011 and 33,000 bbl in 2010. The company will stay focused on the Eagle Ford and growing its Permian Basin position as gas prices aren’t high enough to support more Haynesville Shale activity, CEO Joe Foran said Thursday.