PDC Energy Inc. received several joint ownership and development proposals for its Utica Shale position in southeast Ohio from potential joint venture (JV) partners, but they “do not meet PDC’s value expectations,” so the Denver-based company will pursue development in the play independently.
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Articles from Suspend
‘Depressed’ Gas Prices Force PDC to Suspend Marcellus Drilling
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.
Transportation Notes
As part of its 823X-1300 Line abandonment project, Tennessee will suspend physical flow from Monday through Sept. 22 at the Vermilion 51 and McIlhenney RIP 823X 1351 meters. Additionally, Tennessee said, this project will result in the inability to flow north from the Bluewater Pipeline, and in the event of a “liquid upset” all meters on Bluewater may be required to shut in. The work was moved up from previously scheduled dates of Sept. 1-31.
New York Assembly May Consider Bill to Suspend Fracking Permits
The New York Assembly’s Environmental Conservation Committee this week reported out of committee legislation to suspend until June 1, 2012 the issuance of new permits to drill that use hydraulic fracturing (hydrofracking) to extract natural gas or oil.
Texas Town Extends Drilling Permit Moratorium
The Town Council of Flower Mound, TX, which sits atop the Barnett Shale, has combined two existed drilling permit moratoriums into one and extended it until April 15 while it awaits an advisory board’s report on oil and natural gas development activities in the town.
Pennsylvania Allows EOG to Resume Fracing
EOG Resources, which had been ordered to suspend all of its natural gas well drilling activities in Pennsylvania in the wake of a June 3 blowout at a company well in Clearfield County, PA, has been given a green light to resume hydraulic fracturing activities in the state.
Pennsylvania Allows EOG to Resume Fracing
EOG Resources, which had been ordered to suspend all of its natural gas well drilling activities in Pennsylvania in the wake of a June 3 blowout at a company well in Clearfield County, PA, has been given a green light to resume hydraulic fracturing activities in the state.
Pennsylvania Orders EOG to Halt All Gas Drilling Following Blowout
Pennsylvania’s Department of Environmental Protection (DEP) has ordered EOG Resources Inc. to suspend all of its natural gas well drilling activities in the state following a blowout last week at a company well in Clearfield County, PA.
Bills Seek Two-Year Delay of EPA Regulation of GHG Emissions
Sen. John D. Rockefeller IV (D-WV) introduced legislation Thursday to suspend potential Environmental Protection Agency (EPA) regulation of greenhouse gas (GHG) emissions from stationary sources, such as coal-fired power plants, for two years.
Bills Seek Two-Year Delay of EPA Regulation of GHG Emissions
Sen. John D. Rockefeller IV (D-WV) introduced legislation Thursday to suspend potential Environmental Protection Agency (EPA) regulation of greenhouse gas (GHG) emissions from stationary sources, such as coal-fired power plants, for two years.