An affiliate of The Blackstone Group and Alta Resources LLC, whose partners include industry icon George P. Mitchell, said Tuesday their newly formed Alta Energy Partners will invest up to $1 billion in unconventional natural gas and oil properties in North America.
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Maryland Official Calls for Marcellus Drilling Moratorium
Maryland, whose far western panhandle is within the Marcellus Shale, should place a moratorium on drilling permits until it “can put in place the regulations and enforcement capacity to ensure that we keep our water safe,” according to state Delegate Heather Mizeur (D-Montgomery County).
Hollywood’s Gasland Nod Rewards Fiction Over Fact
A trade group representing developers of shale gas Tuesday blasted the Academy Awards nomination of Gasland for best documentary feature, saying it grossly misrepresented the facts about the hydraulic fracturing (hydrofracking) practice associated with the production of shale.
Cabot, Pennsylvania Reach Settlement in Gas Migration Case
Residents of Dimock Township in Susquehanna County, PA, whose drinking water supplies were contaminated by natural gas, are to receive a share of $4.1 million that Cabot Oil & Gas Corp. agreed to pay under a settlement negotiated with the state’s Department of Environmental Protection (DEP).
Cabot, Pennsylvania Settle Gas Migration Lawsuit
Residents of Dimock Township in Susquehanna County, PA, whose drinking water supplies were contaminated by natural gas, are to receive a share of $4.1 million that Cabot Oil & Gas Corp. agreed to pay under a settlement negotiated with the state’s Department of Environmental Protection (DEP).
Cabot, Pennsylvania Settle Gas Migration Lawsuit
Residents of Dimock Township in Susquehanna County, PA, whose drinking water supplies were contaminated by natural gas, are to receive a share of $4.1 million that Cabot Oil & Gas Corp. agreed to pay under a settlement negotiated with the state’s Department of Environmental Protection (DEP).
Critics Hit Shrinkage of New York’s Permitting Staff
The former chief of the New York Department of Conservation (DEC), whose ouster in October was criticized by producers and environmental groups alike, told state lawmakers last week that massive cutbacks in commission staff have become a “shell game” that didn’t take into account the consequences for stakeholders.
Prices Still Falling Even as Colder Weather Nears
Colder weekend temperatures whose forecast appeared to lift prices earlier in the week were actually beginning to arrive Friday, but prices continued to drop across the board by fairly large amounts. A prior-day futures drop of 11.9 cents and record-high storage levels appeared to be the major depressants on the cash market. Of course, the usual weekend decline of industrial demand was another minor bearish factor.
Industry Briefs
State Review of Oil & Natural Gas Environmental Regulations Inc. (STRONGER), a nonprofit organization whose board is composed of state, industry and public interest representatives, will be conducting a review of the hydraulic fracturing portions of the oil and gas regulatory program of the Louisiana Department of Natural Resources Office of Conservation against guidelines developed by STRONGER. A report containing review team findings will be made available to interested parties. The organization recently conducted a similar review in Pennsylvania (see Daily GPI, Sept. 24).
Cabot’s Growth Engine Fueled by Three Shale Plays
Houston-based Cabot Oil & Gas Corp., whose onshore operations are focused on three shale plays — the Marcellus, Eagle Ford and Haynesville/Bossier — said Tuesday it smashed quarterly production records in 3Q2010, with output hitting 36 Bcfe, which was a 41% jump year/year. Sequential production also rose 18%, exceeding guidance targets.