blogwriter's blog
22nd November 2012
Gas Production on Rise at Marcellus!
The number of rigs operating in the Marcellus gas play declined, though production there increased 72 percent since last year, the U.S. government reports.
The U.S. Energy Department reports that the number of oil and natural gas rigs active in the Utica shale play in the northeastern United States has doubled.
The U.S. Energy Department's Energy Information Agency reports that year-on-year figures for October 2012 indicate rig activity in the play, spread out of the Appalachian Basin, has doubled. Read more »
20th November 2012
Oil Prices Up Due to Middle East Violence
Oil prices rose further Monday November 19, 2012 as violence between Israelis and Palestinians ignited fears that that the conflict could spread throughout the region.
In New York, oil prices rose roughly $2 to $89 a barrel a day after an Israeli airstrike killed 10 people in one home in the Gaza Strip. Crude prices are up roughly 4% since the fighting erupted early last week.
Analysts, who see the oil market as oversupplied, said the general tension in the region was the only thing pushing prices higher. Read more »
14th November 2012
Lack of Mineral Rights = Some Homeowner's in Legal Limbo
Decades ago, when few had heard of shale gas or fracking, major timber companies sold off enormous swaths of land in North Carolina. With a minor adjustment to the property deed, these companies retained the legal right to mine and drill hundreds of feet below the surface of the land they sold.
At the time, no one seemed to pay attention. Over the years the land changed hands and former woodlands bloomed into subdivisions and neighborhoods. Read more »
13th November 2012
Southwestern Energy>Giving to Aid People Living Around the Fayeteville Shale
The Nature Conservancy stated it will use a $900,000 commitment from Southwestern Energy Co. natural gas company to fund the first phase of the restoration of the Archey Fork area.
The organization announced Thursday November 8, 2012 the project will improve habitat for rare aquatic species and improve water quality at Greers Ferry Lake.
The Nature Conservancy has been working with various organizations to restore a 3.2-mile stretch of the Upper Little Red River at the confluence of the South Fork and Archey For, what was altered in the 1980s for flood control. Read more »
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