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Study: Marcellus Shale boom has led to lower energy costs

A study has found that Pennsylvanians’ wallets have benefitted from the Marcellus Shale drilling boom over the past 10 years. The University of Pennsylvania looked at data from between 2007 and 2016, and found that natural gas prices have “decreased significantly,” up to 40 percent for residential consumers, the study found. “Pennsylvania consumers enjoyed more…

Energy company takes different approach to Marcellus, Utica shale

Pin Oak now has 363 wells and 5.7 million cubic feet of production in the Utica and Marcellus in Pennsylvania and Ohio. In August, the company acquired wells and leases, 22 miles of gathering pipeline, all in western Pennsylvania and eastern Ohio, and a five-acre field office in Hermitage, all from an undisclosed seller. In…

Shale CEOs: More pipelines needed in Appalachia, fast

Two key leaders in the natural gas industry called for a faster pace of pipeline construction to bolster Appalachia’s energy industry during the first day of a shale conference in Pittsburgh. “We must continue to invest in the necessary infrastructure to transport oil and natural gas to markets more quickly,” said XTO Energy President Sara…

Texas firm looks for shale investments

A newly formed Texas company has its eye on investments in the natural gas industry relating to the Marcellus and Utica shale. Pathfinder Resources LLC, created by private equity firm District 5 Investments LP (D5) in Irving, Texas, is looking for energy investments between $5 million and $35 million in Pennsylvania, West Virginia and Ohio….

Former White House press secretary Spicer to speak at Shale Insight

Sean Spicer, the former White House press secretary in the Trump administration, has been named the closing keynote speaker of the Shale Insight conference to be held later this month in Pittsburgh. The Marcellus Shale Coalition announced Wednesday that the speech will be among Spicer’s first since leaving the White House earlier this summer. The…

Report: Natural gas’s rise led to coal’s fall

The U.S. Department of Energy’s report on electricity markets and the grid says the rise of natural gas has hurt the coal industry. The long-awaited report, released Thursday, finds the natural gas boom — seen locally in southwestern Pennsylvania with the Marcellus and Utica shales — has been a big factor in the closing of…

Constitution Pipeline developers lose federal appeal

The developers behind the proposed 121-mile Constitution Pipeline lost another bid to bring natural gas into New York after a federal court of appeals Friday dismissed its lawsuit challenging the state’s decision to block the project. The investors and gas companies behind the project sought to spend $875 million to build a pipeline between northeastern…

Consol plans to add 3rd rig in 2018

Consol Energy Inc. plans to add another rig sometime next year. The Canonsburg-based Consol (NYSE: CNX) has been running two rigs running for natural gas, one in western Pennsylvania and the other in the dry Utica Shale region of Monroe County, Ohio, about 60 miles southwest of Pittsburgh. It’s another sign of improving fortunes in…

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