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Drilling Down
Pa. Marcellus Shale Impact Fee Makes $14M Available
Tuesday, February 26, 2013HARRISBURG, Pa. -- The Commonwealth Financing Authority has begun accepting applications for five programs established by the Act 13 Marcellus Legacy Fund to support conservation projects and environmental protection measures. The new programs provide $14 million for abandoned mine drainage, abatement and treatment, watershed restoration and protection, water quality data, greenways, trails and recreation, and orphan and abandoned well plugging programs in the state.
Watchdog Group Cites Fracking and Pa.'s 'Revolving Door'
Monday, February 25, 2013BUFFALO, N.Y. The oil and gas industry frequently argues that fracking means jobs. "This appears to be especially true for former regulators and other public officials in Pennsylvania," finds the Public Accountabiity Initiative, a watchdog group based here.
Valerus, Brilex Take First Step in Shale's First Wave
Saturday, February 23, 2013YOUNGSTOWN, Ohio -- Step inside the huge section of the Brilex Industries plant on Andrews Avenue dedicated to fabricating vessels for Valerus and you see a huge open space, fresh paint and new concrete flooring awaiting the start of full-scale production.
It’s a sight indicative of the economic potential that accompanies the emerging oil and gas industry, an analogy that comes to mind after interviewing Chris Scheve, the Valerus vice president for the northeast region.
Chesapeake Reports Promise of New Utica Results
Friday, February 22, 2013YOUNGSTOWN, Ohio – Oklahoma City-based Chesapeake Energy Corp. said Thursday that its drilling operations in eastern Ohio's Utica shale continue to show promise in what the company calls the core of the play, although production was hampered last year for want of pipeline infrastructure.
However, the latest results from Chesapeake's Utica wells are dwarfed by some of the production numbers delivered last year by competitor Gulfport Energy Corp., which has also staked out a position in what is emerging as the most lucrative part of the play.
Chesapeake Internal Review Clears McClendon, Company
Wednesday, February 20, 2013OKLAHOMA CITY -- Chesapeake Energy Corp. today announced that its internal review of the dealings of the company’s co-founder and CEO, Aubrey K. McClendon, did not find any “intentional misconduct.” Nor did the company violate antitrust laws in regard to the 2010 acquisition oil and gas rights in Michigan, Chesapeake said.
Here is unedited text from Chesapeake’s news release: