Posts Tagged Business

Chesapeake Energy pulls up stakes in PA and Ohio

Susan Phillips       StateImpactPA/NPR     February 25, 2016
Chesapeake Energy, one of the state’s largest gas producers with more than 800 active wells in Bradford and Susquehanna counties, has stopped drilling new wells in both the Marcellus and Utica Shale plays. The Oklahoma based oil and gas producer, which also operates in Texas, Louisiana and Wyoming, announced Wednesday a net loss of $14.8 billion in 2015.
It put just three new Marcellus wells on production last year, compared to 25 new

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Williamsport, PA Boom City Keeps Optimism As Drilling Slows

Andrew Maykuth        Philadelphia Inquirer      November 24. 2013
WILLIAMSPORT — The Marcellus Shale industry, which arrived in this northern Pennsylvania city five years ago and turned Williamsport into the seventh-fastest-growing area in the nation, appears to have lost some momentum.
Economic activity in this city affectionately known as “Billtown” has subsided noticeably in the last year as the pace of drilling natural gas wells slowed in response to low gas prices.
Statewide, exploration companies drilled 30 percent fewer wells in 2012

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Economists Question Corbett’s Marcellus Shale Jobs Claims

Marie Cusick      StateImpact PA/NPR                November 6, 2013
Governor Tom Corbett, who faces tough poll numbers when it comes to his hopes for re-election, formally launched his campaign today in Pittsburgh, highlighting the state’s Marcellus Shale industry as one of the key successes of his time in office.
“The energy industry in Pennsylvania is now supporting the livelihoods of over 200,000 people and their families who work in good-paying middle class jobs,” he told the crowd.
But economists say that jobs

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Environmentalists, Labor Unions Seek Common Ground to Fight Global Warming and Protect Jobs

Washington Post       October 20, 2013
PITTSBURGH — The nation’s largest labor unions are ready and willing to help fight global warming, but are cautioning environmentalists that workers need new clean-energy jobs before existing industries are shut down.
The four-day Power Shift conference in Pittsburgh is training young people to stop coal mining, fracking for oil and gas, and nuclear power, but organizers also want workers to join the battle against climate change.
“Global warming is here, and we can work and

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Western Wind Power May Soon Compete With Natural Gas

Bobby Magill       Climate Central     September 12,, 2013
Wind power is cheap where the wind blows, and by the middle of the next decade, the wind farms that dot the landscapes along the highways in Rocky Mountain states could become major regional sources of electricity without federal subsidies, according to a new National Renewable Energy Laboratory (NREL) study.
Western renewables, primarily wind, could begin to compete on their own with electricity generated at natural gas power plants by 2025, the study

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DOE Approves Proposal To Export Marcellus LNG From Dominion Facil

Katie Colaneri        StateImpact PA       September 11, 2013
Marcellus shale gas is now well on its way to changing the global energy market.
The Department of Energy today approved a proposal to convert Dominion Resource’s Cove Point, Maryland import terminal into an export facility for liquefied natural gas.
The terminal is already connected to an interstate pipeline system that draws from wells in Pennsylvania that is also owned and operated by Dominion.
“The development of U.S. natural gas resources

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Oil, Gas Firms Scrutinized to Monitor Labor Practice

Anya Litvak        Pittsburgh Post-Gazette       August 4, 2013
Its amazing how many times Rodney Bean has heard the phrase but everyones doing it from oil and gas companies, big and small.
Everyone hires independent contractors instead of employees. Everyone pays a flat day rate instead of a salary or hourly wage.
When these companies get a notice from the U.S. Department of Labor, they call Mr. Bean, an attorney with Steptoe & Johnson PLLC, and he tells them,

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Marcellus MA Cooling Off

Andrew Gretchko        Pittsburgh Post-Gazette                 August 6, 2013
According to PwCs quarterly tally of oil and gas deals, the Marcellus Shale isnt as hot as it once was.
Of the 39 oil and gas deals that took place during the three months before June 30, only three involved the Marcellus. While this is on par with the first quarter of 2013, which also had a mere three deals – and is the mean average for 2010-2012 – the total deal value

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Marcellus Shale Coalition Loking For New Leadership

Anya Litvak      Pittsburgh Post-Gazette           July 29, 2013
Katie Klaber, the first CEO of the Marcellus Shale Coalition, said Friday that shes in her last few months on the post and that the organization is looking for a new leader.
The coalition, formed in 2008 to advocate for oil and gas operators working in the Marcellus play, brought Ms. Klaber onboard in late 2009. She was previously an executive with the Allegheny Conference on Economic Development.
According to

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Third Level of Shale Coming Into Play

Timothy Puko      Pittsburgh Tribune-Review    July 16, 2013
A third layer of shale is drawing more and more attention from Western Pennsylvanias gas drillers.
Consol Energy Inc. on Monday became at least the third company to tout test success in the Upper Devonian, a mix of sandstone and shale layers just a few hundred feet above the famous Marcellus. The Cecil-based company joins Rex Energy Corp. and Range Resources Corp., which for two years has claimed it has a triple stack

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