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Fire, possible explosion at Susquehanna gas compressor station thought to be accidental, remains under investigation A fire and possible explosion at a Susquehanna County gas compressor station late Tuesday night remain under investigation but is thought to be an accident, a state police fire marshal said.
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Drilling down, but gas industry here to stay Even as drilling activity has noticeably declined, the natural gas industry will remain part of the area's economic landscape for generations to come, industry officials said at NEPA Energy Day in Scranton.
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Southwestern buys up gas rights; doubles holdings in NEPA Southwestern Energy Co. plans to purchase natural gas rights for 162,000 acres in central and Northeast Pennsylvania from Chesapeake Energy Corp.
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Cabot moving into Wyoming County Cabot Oil & Gas Corp. has given out $175 million in royalties to Marcellus gas leaseholders in Susquehanna County over the past three years and people in Wyoming County could be next, company spokesman George Stark said.
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Giant Well Parade In Susquehanna: Cabot Oil & Gas's 20 Bcf Wells Last week, in its quarterly report Cabot Oil & Gas (COG) delivered a fresh crop of outstanding natural gas wells in the Marcellus in Susquehanna County. The 30 wells that the company turned in line during the fourth quarter had average 24-hour IP rate of 20 MMcf/d and an average 30-day IP rate of 16.6 MMcf/d. The results are particularly impressive taking into account that the operating area is located in the heart of the consuming region, less than 150 miles from New York City, and drill & complete costs are moderate by the industry's standards, $6.0-$6.8 million per well and declining. Cabot estimates that its 2012 wells have an average EUR of 13.9 Bcf.
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Allegheny County, Consol strike $500M airport gas drilling deal For years, Pittsburgh International Airport has been viewed as an economic engine for the region. Little did anyone know that the big money -- half a billion dollars -- would be in the ground, not in the sky.
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Controversial Cheseapeake co-founder McClendon to retire Chesapeake Energy chief executive officer Aubrey McClendon will in April leave the company he co-founded and built into the nation's second-largest natural gas producer.
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Gas drilling companies work on community relations PITTSBURGH -- Some gas drilling companies that spent years fighting, threatening and suing reluctant communities took a new tack in 2012: collaboration.
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The Marcellus Shale in 2012 Gas companies focus on local communities The holidays are upon us. Houses are lit with bright lights and living rooms are adorned with trees. The ringing of the Salvation Army's Red Kettle Campaign bell can be heard at stores across northeastern Pennsylvania, reminding everyone that it really is better to give than to receive. It is the most giving time of year, but for the gas companies, that time has been all year. While the activity below-ground may have slowed down, the efforts of the gas companies above the ground have not slowed down at all as they have focused largely on giving back to their local communities this past year.
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Exxon: U.S. energy revival has staying power NEW YORK — Exxon says the energy renaissance in the U.S. will continue and predicts that North America will become a net exporter of oil and natural gas by the middle of the next decade.
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Debt-hobbled Chesapeake stock static after asset sale Shares of oil and gas exploration company Chesapeake Energy ended the week up 1 percent to a Friday close of $20.55 per share on news that the debt-plagued company would sell off assets.
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Chesapeake to Sell $6.9 Billion of Assets Chesapeake Energy Corp. (CHK) agreed to sell oil and natural-gas assets for $6.9 billion in a series of transactions that will narrow a cash-flow shortfall threatening to crimp the company’s drilling and production goals.
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Innovations, outreach focus of Cabot annual picnic HARFORD - Cabot Oil & Gas Corp. plans to utilize compressed natural gas in the near future - not only in its fleet vehicles but also for some of its drill rigs in Susquehanna County.
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Chesapeake Energy Corporation announces upcoming roadwork Chesapeake Energy Corporation (NYSE:CHK) announced today the following ongoing, upcoming and completed roadwork projects in Bradford and Sullivan counties to improve regional transportation infrastructure.
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Chesapeake Energy providing $25K donation to Lackawanna College's Towanda Center TOWANDA - Brian Evans of Towanda is taking a five-week course at Lackawanna College in Towanda in order to obtain a commercial driver's license (CDL).
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Chesapeake Energy announces upcoming roadwork in northern Pa. TOWANDA - Chesapeake Energy Corp. announced Monday the following ongoing, upcoming and completed roadwork projects in Bradford, Susquehanna, and Sullivan counties to improve regional transportation infrastructure. These projects are part of Chesapeake's ongoing commitment to responsible development of the Marcellus Shale in Pennsylvania. Chesapeake has invested more than $300 million since 2010 repairing and rebuilding more than 450 miles of road infrastructure in northern Pennsylvania and expects to invest $25 million this year upgrading approximately 56 miles of state roads and another $15 million on township roads:
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Tie Shell tax incentives to actual jobs Gov. Tom Corbett faces a serious public relations and public policy problem while promoting one of the biggest industrial tax breaks in state history.
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Grant, donations bring Montrose health care facility closer to goal MONTROSE - Funding for the construction of a new health care facility in Susquehanna County got a boost Wednesday with the announcement of a $1 million grant for its construction awarded by the Harry and Jeanette Weinberg Foundation Inc.
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Chesapeake Credit Gets Downgraded NEW YORK - Standard & Poor's lowered Chesapeake Energy's credit rating Tuesday, questioning how quickly the company could remedy its financial woes.
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Chesapeake Should Consider Selling, Shareholder Says Chesapeake Energy Corp. (CHK)’s biggest investor said the natural-gas supplier, battered by collapsing gas prices and investor distrust, should consider selling itself and spend less time meeting with analysts.
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