Precautions

In the wake of a well blowout last month in the Marcellus Shale, a Pennsylvania Senate committee has approved a bill (SB 995) that would require companies to provide to state and local authorities detailed emergency contact information for all of their wells in the state.

Pennsylvania’s Department of Environmental Protection (DEP) has told Chesapeake Energy Corp. to take precautions to prevent the migration of gas from its Marcellus Shale wells. DEP is monitoring remediation of a gas migration incident in Wilmot Township in Bradford County.

Pennsylvania’s Department of Environmental Protection (DEP) has told Chesapeake Energy Corp. to take precautions to prevent the migration of gas from its Marcellus Shale wells. DEP is monitoring remediation of a gas migration incident in Wilmot Township in Bradford County.

In the story titled “El Paso Takes New Precautions in Preparation for Another Active Hurricane Season,” which ran in the April 13 edition of NGI’s Daily Gas Price Index, it was incorrectly reported that El Paso “was forced to sell off assets, issue debt and enter into new credit facilities to maintain liquidity while paying” for hurricane repairs. The hurricane costs were only one of the factors influencing liquidity. Other factors, including oil and gas derivative transactions put in place in prior years, also had an impact, creating the need to sell assets, issue debt and enter into new credit facilities.