Saying it is “a great time to be a Pennsylvanian,” Gov. Tom Corbett thanked the oil and natural gas industry for bringing thousands of jobs to his state and predicted an even brighter future as he kicked off the Marcellus Shale Coalition’s Shale Gas Insight 2012 Conference in Philadelphia on Thursday.
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Southern Union Co.’s Trunkline Gas Co. has signed a precedent agreement with DCP Midstream LLC to provide long-term, firm transportation service for liquids-rich gas. DCP Midstream will be the anchor shipper on a modified portion of the Trunkline system in South Texas focusing on Eagle Ford Shale production.
The energy industry likely will compete for freshwater resources across the globe as water becomes more strategically significant, the World Economic Forum and Cambridge Energy Research Associates (CERA) reported.
Continuing a string of agreements to up its financial stake in strategically located U.S. oil and gas assets, junior independent Energas Resources Inc. on Tuesday announced it had secured an option agreement from the Thomas Dorough Trust to explore 4,320 acres in the Wind River Basin of Wyoming. Under the agreement, Energas will be able to earn the acreage by drilling certain portions within the next two years.