Reached

Inspectors with the Pennsylvania Department of Environmental Protection (DEP) found methane gas in three residential water wells and two streams in Bradford County. DEP has launched an investigation to determine the source.

A flurry of long range forecasts last week all reached the same conclusion: the 2012 hurricane season is expected to produce fewer tropical storms than the last few years.

Several Chesapeake Energy Corp. subsidiaries, along with a privately owned oil and gas exploration company based in Ohio, have filed a counterclaim in federal district court as they look to fight a lawsuit by 17 landowners in western Pennsylvania over a leasing dispute.

BP plc executives are hopeful that they can complete “in a few days” the $7.8 billion settlement tentatively reached last month with thousands of individuals and businesses that were impacted by the April 2010 Macondo well blowout in the deepwater Gulf of Mexico (GOM), Chairman Carl-Henric Svanberg said Thursday at the company’s annual meeting.

Elected officials in Cecil Township, PA, voted Monday to have the township solicitor look into mounting a legal challenge to Pennsylvania’s new Marcellus Shale law on the grounds that it usurps local zoning authority.

A Vectren Corp. official told a panel of Indiana lawmakers on Tuesday that the state’s 30-year contract to purchase coal-to-substitute natural gas (SNG) from a New York company should be modified so smaller gas customers aren’t stuck with the bill should the deal prove to be a bad investment.

London-based BP plc reached a operational “turning point” in October and has begun to invest for the long term, CEO Bob Dudley told investors last week.

BP plc reached a “turning point” in its operations in October and has begun to invest for the long term, CEO Bob Dudley told investors on Tuesday.

Pennsylvania state lawmakers have apparently reached a deal for the impact fee they hope to impose on natural gas drilling by splitting the difference between two competing proposals.