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New report shows 2Q largest for Marcellus deals since 2015

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…

West Virginia DEP halts Rover Pipeline construction in two counties

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…

Study: Nation’s gas production growth tied to Marcellus

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…

Rig count unchanged from week ago

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…

Kathryn Z. Klaber: Region’s identity crisis hindering investment

We may be having an identity crisis in Pittsburgh. At a recent conference for oil, gas and petrochemical industry professionals here, our region was referred to in at least three different ways: “Appalachia,” the “Marcellus/Utica basin,” and the “Northeast.” These monikers create different impressions of geography and attributes for each of us. Why does it…

New study projects 2 million more natural gas related jobs by 2040

A new study released Tuesday by the American Petroleum Institute predicted two million new jobs coming from the natural gas industry by 2040. The natural gas industry, along with other related economic activity, now employs four million Americans from drilling to pipeline construction. The report, based on projections from the Energy Information Administration, also predicted…

Mountain Valley Pipeline receives environmental impact statement

The Mountain Valley Pipeline has received its final environmental review ahead of a vote on the 304-mile project carrying Marcellus Shale natural gas through West Virginia and Virginia. The environmental assessment was released Friday by the Federal Energy Regulatory Commission (FERC), which regulates interstate pipeline construction. The pipeline, which will have the capacity of 2…

Natural gas producers still feeling the pinch

The impacts of another potential downturn in the region’s natural gas industry still recovering from the 2015 slowdown came up as a concern in a panel Wednesday. Executives said that low natural gas prices are having a crushing effect on natural gas companies, which have cut back on drilling rigs and laid off thousands of…

Noble Energy sells stake in Marcellus midstream MLP for $765M

Houston-based Noble Energy Inc. (NYSE: NBL) announce May 18 plans to sell its stake in a Marcellus midstream master limited partnership for $765 million in cash. The deal, which is expected to close in the third quarter, comes less than a month after Noble announced a $1.2 billion deal to sell all of its upstream…

In-House Counsel Awards: Chevron’s Annemarie Torrez

It’s as if Annemarie Torrez was waiting her entire life for the shale gas boom. She earned an undergraduate degree in engineering from the University of Pittsburgh and worked for Chevron in San Francisco. She then earned a law degree in a night school program at the University of San Francisco. In 2011, with nearly…

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