Tag: marcellus shale

Nature article questions natural gas optimism

The report highlights conflicting estimates about the long-term viability of increasing natural gas production, and warns that acting on the assumption natural gas will always be cheap may not be ideal.  More »

Southwestern Energy to pay $300M for gas-rich land in Pennsylvania

Southwestern Energy Co. is planning to pay $300 million for thousands of acres in a natural gas-rich region of Pennsylvania, little more than six weeks after its multibillion-dollar purchase of gas land nearby.  More »

Crashing oil prices hurting Pennsylvania drillers

“It’s putting a monkey wrench into the industry’s economy,” said Lou D’Amico, president of the Pennsylvania Independent Oil and Gas Producers.  More »

Exxon Mobil drops to No. 4 in world rankings of largest oil firms

While Exxon Mobil fell, Russian and Chinese companies gained in the rankings.  More »

Antero Midstream raises $1 billion in IPO

The partnership will own and operate pipelines and other assets of natural gas producer Antero Resources, including in the Marcellus Shale in West Virginia and the Utica Shale in southern Ohio.  More »

California company to build GTL facility in Houston by Q4 2015

The project has backing from Sterling Private Capital and Eagle Oil & Gas Co., both based in Dallas.  More »

Chevron’s profits climb 13 percent thanks to refining boost

The second-largest U.S. oil company also benefited from selling off some some of its assets as part of three-year divestment program.  More »

Noble Energy sees net income double in Q3

Noble Energy said it hit a sales volume record while prices remained high, though the company missed analysts’ expected earnings per share.  More »

Antero Resources’ midstream IPO looks for $788 million

Antero Resources Corp. launched its master limited partnership with a Monday initial public offering, as the company looks to become the latest producer to show its midstream assets to investors  More »

Pennsylvania township moves to ban drilling near homes

Some residents have voiced concerns about possible pollution from the drilling and have said they object to the proximity of the Krendale wells to homes, businesses and schools.  More »

David Stover moves into top job at Noble Energy

David Stover has been named Noble Energy CEO, under succession plan announced in April.  More »

Southwestern Energy cuts $5.4 billion deal for Chesapeake gas land

Houston’s Southwestern Energy Co. is planning to drop $5.4 billion on gas-rich land in West Virginia and Pennsylvania in one of the biggest recent deals for acreage in a region buffeted by pressure on gas prices.  More »

Frac sand company sees IPOs today, mergers tomorrow

It’s a good time to be among the handful of companies providing sand to the oil industry — one of the largest projects that the market will grow 30 percent in 2014.  More »

Northeast U.S. gas at decade-high for winter on supply concern

Supplies in the so-called consuming east region, which covers the Northeast to the Midwest, are at the lowest seasonal level since 2000, government data show.  More »

McClendon lures Chesapeake exec for new energy venture

Shale gas wildcatter Aubrey McClendon has lured away a top executive from the company that ousted him last year, as McClendon works to build a new U.S. energy producer.  More »
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