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….
Southpointe-based firm has tallied 350 transactions since inception. Continue Reading: Energy & the Environment News – Energy News Headlines | Bizjournals.com
The owners of the Constitution Pipeline have petitioned the 2nd U.S. Court of Appeals to reverse a three-judge panel’s ruling in August that upholds New York environmental regulators in blocking the pipeline, SNL Energy reports. Piedmont Natural Gas, a subsidiary of Duke Energy Corp. (NYSE:DUK) owns 24% of the 124 mile project. The pipeline is…
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…
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…
“There’s enough historical memory of pain in the Marcellus and some of those areas that people go, ‘wow, really, you’re going to go in and get involved in another dry gas play? Last time that didn’t work out so well.’” Continue Reading: Energy & the Environment News – Energy News Headlines | Bizjournals.com
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…
The longer wells may also fuel a recent deal that consolidated Marcellus resources. Continue Reading: Energy & the Environment News – Energy News Headlines | Bizjournals.com
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…
EQT Corp. has suspended its test drilling in the Utica Shale ahead of improvements that the company is anticipating with its upcoming $6.7 billion acquisition of Rice Energy. The Pittsburgh-based natural gas driller announced the move Thursday in a line with its second-quarter earnings report. EQT (NYSE: EQT) executives are expected to discuss the Rice…
According to a new industry report, there was more than $10 billion in mergers and acquisitions in the Marcellus region in Q2 2017. The report, from PwC, noted a total of $10.2 billion in deals in the Marcellus region, part of $37 billion in total oil and gas deals during the same period. In the…
The state Department of Environmental Protection halted construction for one of the West Virginia legs of the Rover pipeline on Tuesday, The State Journal reported. Construction stopped in Doddridge and Tyler counties for the $4 billion project by Energy Transfer Partners (NYSE:ETP). The DEP’s order comes after two inspections earlier this year were not up…
The United States will account for 40 percent of the world’s new natural gas production by 2022, according to a new International Energy Agency study released today, and the Marcellus Shale is playing a big role in that growth. America’s gas production growth was specifically tied to the Marcellus region, according to the study. The…
Pennsylvania’s natural gas drilling held steady last week. Baker Hughes weekly rig count finds Pennsylvania remaining at 34 working in the Marcellus and Utica shales, the same number since June 9, when it rose by one. West Virginia remains steady at 13 rigs working, as did Ohio at 27. The most drilling is in the…
Nick DeIuliis says that the Trump administration sees many uses for Utica and Marcellus shale, from manufacturing in the tri-state region to exports to foreign allies. Continue Reading: Energy & the Environment News – Energy News Headlines | Bizjournals.com