Revenues

There are billions of dollars worth of assets on the market and “plenty of money” available to Dallas-based Exco Resources Inc. as it pursues several potential acquisitions in the gas market, Exco Resources Inc. CEO Doug Miller said during a conference call with analysts Wednesday.

Interior’s Office of Natural Resources Revenues (ONRR) Monday said it was assessing a $1.9 million civil penalty against Houston-based Cabot Oil & Gas Corp. for knowingly and willfully maintaining false, inaccurate or misleading information on ONRR’s database.

PDC Mountaineer (PDCM), a joint venture (JV) of Petroleum Development Corp. (PDC) and Lime Rock Partners V LP, will temporarily suspend drilling in the Marcellus Shale “due to the current depressed natural gas price environment,” according to Denver-based PDC.

Ohio voters believe the benefits of shale gas development outweigh the risks, but they also believe the state should put the breaks on development, according to a new poll.

Water reclamation services firm STW Resources Holding Corp. is planning pilot projects in the Permian Basin of West Texas to process produced oilfield water. The Midland, TX-based firm said its mobile processing unit will handle up to 500 barrels of water per day for up to 10 days per site. Some of the processed water could be used for hydraulic fracturing (fracking).

The oil and gas industry in the Eagle Ford Shale is growing so much that it is helping to create “entire communities” in some areas of South Texas, according to Kevin Robins, general manager of Job News USA in San Antonio.

The Pennsylvania General Assembly won’t tackle a tax or fee on Marcellus Shale development during budget talks this summer, but will most likely return to the topic in the fall.

Local businesses in two of the most active counties in the Marcellus Shale are reporting increased sales, but also some difficulties holding onto employees, according to a study from Penn State University released Sunday.

A think tank is questioning the importance of Marcellus Shale development in Pennsylvania’s employment picture.