Potentially

The supervisor of Ohio’s Wayne National Forest (WNF) on Monday said an in-depth study has proved that there is no need to amend the forest’s six-year-old land and resource management plan nor to supplement the environmental impact statement (EIS) to address possible surface impacts from unconventional drilling.

ConocoPhillips has begun initial development on the “potentially impactful” Mancos Shale in the San Juan Basin, which has the potential to be a producer “for years and years,” CEO Ryan Lance said Wednesday.

A fourth company is considering plans to build an ethane cracker in West Virginia, according to state Commerce Secretary Keith Burdette.

Pennsylvania Gov. Tom Corbett on Saturday signed the state’s $27.7 billion budget for 2012-13, which includes modifications to the tax code that could potentially offer billions in tax breaks to companies investing in an ethane cracker and associated manufacturing facilities.

Legislators in the Pennsylvania General Assembly are scrambling to put the finishing touches on a tax code bill that could potentially offer billions in a tax break to companies in exchange for investing billions in an ethane cracker and associated manufacturing facilities.

Legislators in the Pennsylvania General Assembly are scrambling to put the finishing touches on a tax code bill that could potentially offer billions in a tax break to companies in exchange for investing billions in an ethane cracker and associated manufacturing facilities.

Standard & Poor’s Ratings Services (S&P) has cut the corporate credit rating of Fort Worth, TX-based FTS International Services LLC, one of the top five hydraulic fracturing (fracking) service providers in North America, because it said capacity additions and rising costs, combined with moderating demand and low natural gas prices, are pressuring margins in the fracture stimulation industry.

Of the 216 projects being planned worldwide that potentially could require floating production systems, an estimated 10% are likely to be located in the Gulf of Mexico (GOM), according to an analysis conducted by Washington, DC-based International Maritime Associates Inc. (IMA).

The war of words over hydraulic fracturing (fracking) took an unusual turn recently when Brecksville, OH-based Duck Creek Energy Inc. filed a lawsuit against two anti-fracking activists, claiming that they have “spread false and defamatory information” about the company and one of its products.