Taxing Brine, Gas Explosion in PA, Fracking with Propane - Links for 3/30/12

By -
Here are some links to oil and gas stories that you may find interesting:


State Rep. Ronald V. Gerberry of Austintown, D-59th, introduces legislation that would tax fracking wastewater recycling operations (like the one in Carrollton).

An explosion at a natural gas compressor station in Susquehanna County on Thursday morning blew a hole in the roof of the complex holding the engines, shaking homes as far as a half-mile from the compressor complex and drawing emergency responders from nearby counties.
An upstate New York landowners group may partner with a Canadian company that uses liquid propane instead of water-based hydraulic fracturing to get natural gas flowing into wells.

In an about-face, the Environmental Protection Agency on Friday withdrew its 15-month-old emergency order against Range Resources that had blamed the Fort Worth-based drilling company for methane contamination in water wells and demanded that the company supply safe drinking water to two Parker County homes.


Read more here: http://www.star-telegram.com/2012/03/30/3848079/epa-drops-action-against-range.html#storylink=cpy


Visit our Forum!

Connect with us on Facebook and Twitter!

Popular posts from this blog

Do You Know The History of Fracking?

By -
Image
  In 2018, 59% of total oil production in the U.S came from hydraulic fracking, which means it accounted for more than two-thirds of domestically manufactured gas. By 2024, fracking will reach an astounding $68 billion market value! Of course, fracking is not a new drilling method as you can trace it back hundreds of years. That's why we want to consider the history of hydraulic fracturing (fracking). We will be stating historical facts about it and focusing on the major historical occurrences that have influenced modern-day fracking. Pre-Fracking Days The idea of fracking started back in 1862 when Edward A.L. Roberts (Civil War veteran) witnessed Confederate soldiers exploding artillery rounds into a canal that obstructed a battlefield. At the time, Edward A.L. Roberts called it superincumbent fluid tamping. On April 26th, 1865, Edward A.L. Roberts began experimenting with exploding torpedoes, which consisted of lowering a torpedo containing an amount of powder from fifteen to tw...
Read more

Oil Price Is Surging To a New Level

By -
Image
Since the outbreak of the COVID-19, the financial market has taken a lot of unprecedented hits. One of the worst ones was the hit of the  U.S. oil trading, which collapsed. Companies like West Texas crude fell to minus $37.63 a barrel.  Fortunately, oil has risen steadily since late last year as COVID-19 vaccines began to be produced. Something that has also helped is the supply curbs from OPEC and its allies' which spur hopes that global stockpiles will continue to accelerate. These things are great news for the economy as it has pushed oil prices back to a stable spot. West Texas Intermediate futures increased 2.4%, while the global Brent benchmark came back within sight of $60 . Oil rose toward $55 a barrel in New York, reaching its highest level in a year as the virus-recovery rally advanced. The physical market has also shown strength these past weeks. Royal Dutch Shell Plc plundered the North Sea market, buying the most benchmark-grade loads in a day in 10 years in the S...
Read more

Pennsylvania Operator To Acquire Three Natural Gas Producers

By -
Image
  Last week, American Energy Partners Inc. stated its plans to acquire three oil and natural gas producers. The deal is valued at almost $11 million and includes companies in western Pennsylvania and West Virginia. American Energy Partners said it would obtain all of the stock and units of the three undisclosed companies. CEO Brad Domitrovitsch says: “ This transaction furthers our commitment to acquiring steady cash-flowing businesses while enhancing our ability to develop alternative green energy opportunities with the vast amount of acreage included in the package.”  The sale involves 467 wells currently yielding 1.25 Bcfe/d and midstream assets spread over 695 acres (includes 100% owned surface and mineral rights). Additionally, there are no drilling commitments or obligations for the properties. American Energy controls several subsidiaries, including:  Oilfield Basics LLC Hickman Geological Consulting LLC American Energy Solutions LLC Hydration Company of PA Gilbert...
Read more