A legislator in the Pennsylvania General Assembly on Monday said the state Public Utility Commission’s (PUC) decision to withhold nearly $1 million in impact fee revenue from four townships amounted to extortion.
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Stray Gas Response Subject of Latest MSC Guidance
The Marcellus Shale Coalition (MSC) on Tuesday published recommended practices to respond to stray gas incidents, the fourth in a series of guidance documents published by the industry group.
ZaZa Eagle Ford Oil Reserves More than Double
ZaZa Energy Corp. more than doubled its proved Eagle Ford Shale oil reserves between the end of last year and Sept. 1; however, proved Eagle Ford gas reserves declined by more than half with the dissolution of a joint venture (JV) the company had with Hess Corp.
Fitch: Eagle Ford Spending Easier on Midstream Credits
Liquids-rich gas and high initial production rates from oil wells are driving red hot interest in the Eagle Ford Shale, and this is only bolstered by the region’s established midstream infrastructure and proximity to energy markets, Fitch Ratings said in a new report. More isolated shale basins need costly “mega pipelines,” which are tougher on credit ratings, Fitch said.
Interior Approves Proposed Bakken Refinery
Interior Secretary Ken Salazar Wednesday approved a “land-into-trust” application submitted by the Three Affiliated Tribes of the Fort Berthold Reservation in western North Dakota to build the first U.S. refinery in decades — in the heart of the Bakken shale formation.
New Brunswick Should Avoid Shale Moratorium, Researcher Says
New Brunswick should require a portion of any natural gas found in its shale plays be set aside for use in the province and should put in place a water use strategy for the shale gas industry, but it should not place a moratorium on the industry, according to a report by Louis LaPierre, a professor emeritus in biology at the University of Moncton.
Pennsylvania Impact Fee Generates $108.7M for Localities
The Pennsylvania Public Utility Commission (PUC) announced Monday that localities will receive a total of $108.7 million from the impact fees enacted under Act 13, the state’s omnibus Marcellus Shale law.
S&P: Marcellus Shale Production Rewriting Gas Flows, Pricing
Rapid development of the Marcellus Shale is attracting new exploration and production (E&P) activity, a trend that is affecting long-standing national and regional gas flows, as well as regional pricing, according to a new report from Standard & Poor’s Ratings Services (S&P).
Warren’s Atlantic Rim Acquisition Adds 18.3 Bcf of Proved Reserves
Warren Resources Inc. Monday said it closed on its previously announced deal to acquire additional natural gas and midstream assets from subsidiaries of Anadarko Petroleum Corp. in the Atlantic Rim Project area in Wyoming’s Washakie Basin.
Eagle Ford Seen Putting the Swagger in South Texas
Anyone familiar with the Eagle Ford Shale shouldn’t be surprised that U.S. Capital Advisors analyst Cameron Horowitz would title his latest note on the play “South Texas Swagger.”