Indications from a meeting on Monday of the Marcellus Shale Safe Drilling Initiative Advisory Commission in Annapolis are that Maryland will continue to chart a cautious course for the exploitation of its unconventional energy resources, said commission member and Republican State Sen. George Edwards, who represents three counties in western Maryland.
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An official with Range Resources Corp. said he believes the federal government will eventually allow the export of liquefied natural gas (LNG) but cautioned that the industry shouldn’t be complacent and just assume exports will be approved.
Despite fierce competition, Gulfport Energy Corp. CEO Jim Palm said his company has managed to acquire additional acreage in the Utica Shale as it looks to determine type curves, well spacing and how long it should wait before bringing new wells into production.
A New York judge on Tuesday invalidated the City of Binghamton’s two-year ban by on hydraulic fracturing (fracking) and exploration activities that was enacted late last year.
If New York regulators don’t meet a Nov. 29 deadline to finalize the rulemaking process for natural gas drilling using hydraulic fracturing (fracking), it may force more producers and service companies to move out of state, a spokesman for the Independent Oil and Gas Association of New York (IOGA-NY) said Monday.
Supporters of President Obama are twice as likely to want stringent regulation on hydraulic fracturing (fracking) than Mitt Romney backers, according to a Bloomberg National Poll released Thursday.
A bipartisan group of 44 U.S. representatives from Texas, Oklahoma, Louisiana and Arkansas want the Department of Energy (DOE) to expedite approval of applications to export liquefied natural gas (LNG), they said in a letter sent to U.S. Energy Secretary Steven Chu Tuesday.
Wyoming has set aside $750,000 to help fund cistern systems for Pavillion homeowners whose groundwater may have been contaminated by natural gas drilling, and affected residents will be able to take advantage of that offer, Gov. Matt Mead told reporters last Wednesday.
Chesapeake Energy Corp.’s stock price jumped on Monday after the company secured a $3 billion term loan and CEO Aubrey McClendon expressed confidence in the company’s ability to complete planned property sales this year to bridge an estimated $10 billion funding gap. In addition, an estimated $1 billion volumetric production payment (VPP) in the Eagle Ford Shale has been sidelined in favor of more noncore asset sales.