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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Western Energy Alliance: NEPA Reviews Impacting Utah, Wyoming
Federal environmental regulations have delayed 22 major oil and natural gas drilling projects in Utah and Wyoming that could create thousands of jobs and lead to billions of dollars in economic impacts, according to a new report prepared for the energy industry trade group Western Energy Alliance (WEA). The report examined operators’ proposed well projects across the West and determined that as of Jan. 1, a total of 44,329 wells were under a required review by the National Environmental Policy Act (NEPA).
CEO: BP Running Five Rigs in GOM, Adding Three by Year’s End
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.
BP Grabs Leasehold in Ohio’s Prospective Shale
The Houston-based arm of energy giant BP plc last week announced that it is leasing thousands of acres in a yet-to-be explored area of northeastern Ohio’s Utica/Point Pleasant Shale formation near the Pennsylvania border for future natural gas and oil production.
BP Gains Entry into Ohio Shale Play
The Houston-based arm of energy giant BP plc Tuesday said it was leasing thousands of acres in a yet-to-be explored area of northeastern Ohio’s Utica/Point Pleasant Shale formation near the Pennsylvania border for future natural gas and oil production.
Midstream Buildout Promises $511B Bonanza, INGAA Study Says
An unprecedented midstream infrastructure building boom offers the potential for tens of thousands of jobs and a $511 billion cumulative boost to the U.S. economy during the next 23 years, according to the Interstate Natural Gas Association of America (INGAA). The infrastructure is necessary to deliver domestic natural gas, liquids and crude oil from domestic shale plays.
Midstream Buildout Promises $511B Bonanza, Says INGAA
An unprecedented midstream infrastructure building boom offers the potential for tens of thousands of jobs and a $511 billion cumulative boost to the U.S. economy during the next 23 years, according to the Interstate Natural Gas Association of America (INGAA). The infrastructure is necessary to deliver domestic natural gas, liquids and crude oil from domestic shale plays.
Republican Senators Try to Accelerate Keystone XL Pipe Project
With the prospect for thousands of construction and manufacturing jobs, legislation was introduced in the U.S. Senate Wednesday to speed up a final federal decision on the stalled C$7 billion, 1,700-mile Keystone XL oil pipeline proposed to run from Alberta, Canada to Gulf of Mexico (GOM) refineries in the United States.
New York DEC Extends Comment Period on Frack Rules
Following lengthy public hearings and the arrival of thousands of written comments by experts and stakeholders, the New York Department of Environmental Conservation (DEC) said Wednesday it needs another month to complete an environmental review and proposed regulations for hydraulic fracturing (fracking) in the state.
Industry Backs New York Fracking Report
Tens of thousands of new jobs would be created in the Empire State if regulators decide to allow shale development, the New York Department of Environmental Conservation (DEC) reported in the final draft of its report on the environmental impacts of hydraulic fracturing (fracking) on Wednesday.