Drilling Down
McClendon’s AEP Pays $1.75B for Utica, Marcellus Leaseholds
Tuesday, June 10, 2014OKLAHOMA CITY -- Aubrey McClendon’s American Energy–Utica LLC, an affiliate of American Energy Partners LP, says it has signed agreements to acquire approximately 27,000 net acres of leasehold in Monroe County, Ohio, from East Resources, Inc. and an unnamed private company. At closing, the properties are expected to have net production of approximately 40 million cubic feet of natural gas equivalent per day, the company said.
Pa. Seeks Proposals to Improve Housing in Marcellus Shale
Tuesday, June 10, 2014HARRISBURG, Pa. -- The Pennsylvania Housing Finance Agency has issued a request for proposals for projects to improve the availability and affordability of housing in the Marcellus shale region of the commonwealth. Eligible applicants include Pennsylvania counties that have adopted ordinances authorizing the imposition of an impact fee and have unconventional gas wells.
Deadline for submission is Aug. 15.
Shell Applies for Air Permit, Signs Contracts for Cracker
Friday, June 06, 2014YOUNGSTOWN, Ohio --– The prospects of Royal Dutch Shell constructing a multibillion-dollar ethane cracker plant just 40 miles from here in Beaver County, Pa., appear brighter after an executive at Shell Chemicals announced the producer has signed third-party contracts related to the project.
Dry Gas Stacks Up in Marcellus, Utica Plays
Thursday, June 05, 2014PITTSBURGH -- The ability to drill in not just one shale play but in multiple levels of shale rock from a single well pad stands to increase oil and gas production across Ohio, West Virginia and Pennsylvania, executives say.
"There's several advantages to the stacked plays," reported Tim Dugan, chief operating officer at Consol Energy Inc., here. "It enhances the economics and improves the rate of return."
Dugan was among a host of speakers Wednesday at the 2014 DUG East Conference, sponsored by Hart Energy, at the David L. Lawrence Convention Center downtown.