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Marcellus Shale News

Virginia Beach council to take another look at offshore drilling

VIRGINIA BEACH – Where does the City Council stand on offshore drilling? Members might be reconsidering their support. Dozens of North and South Carolina municipalities have come out against it. Virginia Beach hoteliers and restaurateurs and the Resort Advisory Commission oppose it. Now the Surfrider Foundation, a nonprofit dedicated to protecting oceans and beaches, has created an online petition directed ...

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APNewsBreak: Gov’s PAC returning money linked to oil company

RICHMOND, Va. — Virginia Gov. Terry McAuliffe’s political action committee is returning a $25,000 donation from a company with ties to Angola’s state-owned oil company after receiving questions from The Associated Press about whether the contribution was legal. Officials at Common Good Va. initially believed the $25,000 donation on June 29 was legal. But nearly a month later, the PAC ...

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Oil, gas industry will bounce back from low prices

pumpjack

CANFIELD – The oil and gas industry eventually will bounce back from low energy prices, an Ohio Oil and Gas Association spokesman says. Mike Chadsey, the association’s director of public relations, provided an update on the overall industry Thursday to the Youngstown/Warren Regional Chamber at Tippecanoe Country Club. Since the shale boom in 2011, the U.S. is producing the most ...

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Proposed Shell plant would generate own power-a lot of it

MONACA, Pa. — A proposed petrochemical plant in western Pennsylvania would use — and generate — a substantial amount of power. The Beaver County Times reports that Shell Chemicals’ ethane cracker plant proposed for Potter and Center townships in Beaver County would likely require more than 100 megawatts of electricity to operate. That would power 100,000 homes at any given moment, ...

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Update: Drilling in Pennsylvania forests

In 2012, the Department of Conservation and Natural Resources (DCNR) conducted its first assessment on Marcellus Shale development in Pennsylvania’s state forests and found development is “neither benign nor catastrophic.” On Thursday, the DCNR released an updated report of Marcellus Shale development in state forests that covers all the way through 2014.  Secretary Cindy Dunn commented on the department’s newest ...

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EQT Midstream Partners and Range Resources are teaming up

It’s official, EQT Midstream Partners LP and Range Resources Appalachia LLC have entered a definitive agreement together to construct a natural gas header pipeline. The pipeline will be located in southwestern Pennsylvania and will support Range Resources dry development in the Marcellus and Utica Shale formations.  It will provide over half a billion cubic feet per day of firm capacity ...

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Profit falls at EQT on low shale gas prices

A 40 percent drop in natural gas prices is eroding profits at EQT Corp. despite continued increases in production. Net income at the Downtown-based company fell by 95 percent to $5.5 million, or 4 cents per share, during the quarter that ended June 30, compared to $110.9 million, or 73 cents per share, during the same period last year, EQT ...

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Mercer County joins the “block PennEast” list

Pipeline

Mercer County is the latest county to join several landowners who have created a list in hopes to block the PennEast Pipeline LLC from surveying property to construction the natural gas pipeline. As reported by State Impact Pennsylvania, “The county, which has opposed the project since last year, told PennEast yesterday that the company would no longer have access to ...

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Ohio man sentenced to prison for oil-well scheme

LEXINGTON, Ky.— An Ohio man has been sentenced to three years in federal prison for defrauding more than 200 investors out of more than $3 million in a Kentucky oil-well scheme. The Lexington Herald-Leader reports that U.S. District Judge Gregory F. Van Tatenhove on Monday also ordered Michael Hicks of Cincinnati to pay back the full amount to the victims. ...

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Severance Tax: Compromise is now an option

On Monday, Pennsylvania Governor Tom Wolf shared that he would be open to discussing potential compromises regarding the severance tax he has proposed. While speaking in Western Pennsylvania, Wolf made the following comment regarding his stance on the state’s budget and severance tax: I want a better Pennsylvania. If I’m convinced we can have a better Pennsylvania with something better ...

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