The Marcellus Shale Advisory Commission, which was formed earlier this month by Pennsylvania Gov. Tom Corbett and tasked with reporting back to the governor by July, held its first meeting in Harrisburg Friday.
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Industry Brief
A unit of S&T Bank has formed an alliance with Oklahoma-based Heritage Trust Co. to provide financial services for landowners who lease their property to natural gas drilling companies in the Marcellus Shale. S&T Wealth Management services will include lease and lease renewal offers and negotiation; negotiation of surface damage rights; and verification, monitoring and administration of royalty payments. Indiana, PA-based S&T Bank operates 51 offices in 10 counties in western and central Pennsylvania, including Allegheny, Butler and Westmoreland counties.
Firm Corrects Fort Worth Air Monitoring Gaffe
An early report from an ongoing Fort Worth air quality study has been corrected to show that volatile organic compounds (VOC) detected at one of the monitored sites are much lower than stated more than two weeks ago.
Few Happy with Proposed DRBC Regulations
The hundreds of people testifying Tuesday on the Delaware River Basin Commission’s proposed regulations for Marcellus Shale development agreed that the regulations won’t work, but the agreement ended there.
BP Agrees Not to Pursue Leases in Northwest Montana
BP plc has agreed to not pursue further oil and gas development on leases it owns near Montana’s North Fork of the Flathead River, including one property located at the entrance of the Glacier National Park, said Montana’s Democratic Sens. Max Baucus and Jon Tester.
BP Agrees Not to Pursue Leases in Northwest Montana
BP plc has agreed to not pursue further oil and gas development on leases it owns near Montana’s North Fork of the Flathead River, including one property located at the entrance of the Glacier National Park, said Montana’s Democratic Sens. Max Baucus and Jon Tester.
Reaction to ExxonMobil’s XTO Bid: ‘Wow!’
It was mostly a question of “when,” not “if,” ExxonMobil Corp. would make a mega purchase of some hot oil or natural gas property worldwide. But the news last Monday that it would buy onshore natural gas producer XTO Energy Inc. was a big surprise to a lot of energy analysts. Now some are wondering where the next big transaction in the gas patch will be.
Reaction to ExxonMobil Bid for XTO: ‘Wow!’
It was mostly a question of “when,” not “if,” ExxonMobil Corp. would make a mega purchase of some hot oil or natural gas property worldwide. But the news Monday that it would buy onshore natural gas producer XTO Energy Inc. was a big surprise to a lot of energy analysts and now some are wondering where the next big transaction will be.
EnCana to Sell Gas-Rich Alberta Acreage for $632M
EnCana Corp. agreed last week to sell nearly half a million acres of natural gas-weighted property in west-central Alberta to Bonavista Energy Trust for $632 million cash.
EnCana to Sell Alberta Gas Leasehold for $632M
EnCana Corp. late Thursday said it would sell nearly half a million acres of natural gas-weighted property in west-central Alberta to Bonavista Energy Trust for $632 million.