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Shale Gas

BUSINESS
June 15, 2012 | By Andrew Maykuth and INQUIRER STAFF WRITER
A new national study says Pennsylvania, where Marcellus Shale drilling is expanding dramatically, is expected to lead in job growth attributed to unconventional natural gas development. An industry-sponsored study by IHS Global Insight found that unconventional gas production, including shale gas development, supported more than one million jobs nationwide in 2010 and was projected to grow to nearly 1.5 million jobs by 2015. Unconventional gas production supported nearly 57,000 jobs in Pennsylvania in 2010, 13,600 of those directly, according to the study, which projected that the industry would support 111,000 jobs in the Keystone State by 2015, including 26,000 directly.
NEWS
May 31, 2012 | By Kevin Begos, Associated Press
PITTSBURGH - A well-known expert on the natural gas boom is again facing criticism over his ties to industry and a lack of transparency in how he presents work to the public, fueling debates over research that has been published by major universities. Timothy Considine was lead author on a shale gas report recently issued by the University at Buffalo and a previous report from Pennsylvania State University. Critics say both reports presented research in misleading ways and failed to fully disclose funding sources.
BUSINESS
May 18, 2012 | By Andrew Maykuth, INQUIRER STAFF WRITER
The collapse of natural gas prices has created a buying opportunity for Atlas Energy L.P., the Philadelphia company controlled by Edward E. Cohen's family that cashed out most of its Marcellus Shale assets for billions in 2010. Atlas Resource Partners L.P., the company's exploration and production subsidiary, on Thursday announced it is buying the Barnett Shale assets of Titan Operating L.L.C., a private company in Fort Worth, Texas, for $184 million. The leases contain 250 billion cubic feet of proven reserves and 43 producing wells on about 16,000 acres.
NEWS
May 3, 2012 | Inquirer Editorial
The shaky future of the oil industry in the Philadelphia region took a turn for the better this week, as did the prospects for hundreds of workers whose jobs are linked to oil refineries along the Delaware River. In what proved to be a double-barreled announcement Monday of corporate takeovers, one unlikely savior literally swooped down from the clouds, as Delta Air Lines became the buyer of the ConocoPhillips refinery in Trainer. Given its limited presence at Philadelphia International Airport, Delta's move to lock up a reliable source of discounted jet fuel won't mean lower airfares locally.
NEWS
April 11, 2012 | By Andrew Maykuth, Inquirer Staff Writer
Penn Virginia Resource Partners L.P., a Radnor energy company that traces its Philadelphia roots back 130 years, on Tuesday made a major move into the Marcellus Shale natural gas region with the acquisition of a pipeline company for $1 billion. PVR agreed to buy Chief Gathering L.L.C.'s pipeline system, which performs the largely invisible but lucrative chore of collecting gas from individual wells and delivering it to the nationwide pipeline network. The deal decisively moves PVR away from coal, where it historically made its money, and into natural gas. William H. Shea Jr., chief executive officer of the company's general partner, Penn Virginia Resource G.P., told analysts in a conference call that the deal "catapults" the company into the "midstream" pipeline business, where pipeline owners can earn steady profits collecting transportation fees like tolls on a highway.
NEWS
March 30, 2012 | Inquirer Editorial
Even though a congressman boasts that his bill signed into law in January will assure steps are taken to safeguard new shale-gas pipelines snaking across Pennsylvania, safety regulators surveyed nationally say they still need convincing. The state regulators' fears, expressed to federal auditors about the public-safety threat from badly built or shoddily maintained pipelines, stand as a continuing concern for residents living amid Pennsylvania's gas boom. At issue is whether thousands of miles of pipeline stretched across rural areas will be subject to safety checks to safeguard against flaws or lax upkeep, given that federal law now exempts these lines from safety rules.
NEWS
March 18, 2012
"People feel really, really good about it when you get a flagship store â ¦ from one of the most respected retailers in the nation, and they pick your neighborhood. " - Meg Major, editor in chief of Progressive Grocer, referring to the passions stirred when a new Whole Foods comes to town. One opened last week in Glen Mills.   "It's becoming so much of a sound bite economy. " - Ziad Abdelnour, CEO of private equity firm Blackhawk Partners, speaking of short-term market surges.
NEWS
March 9, 2012
The multistate agency that governs the Delaware River basin has made a sensible decision to continue a moratorium on natural-gas drilling in the watershed. But that has put the Delaware River Basin Commission at odds with some very powerful forces, including state capitals that provide its funding. Fortunately, aside from a direct threat that wasn't carried out by New Jersey to yank its contribution to the DRBC, the agency hasn't been targeted because of its policies on drilling in the Marcellus Shale formation.
BUSINESS
March 5, 2012 | By Bill Dunkelberg, For The Inquirer
American entrepreneurship and ingenuity have made the United States the wealthiest economy in the world and will continue to do so in the future if it is not smothered by taxes and unproductive regulation. The boom in natural gas is another good example of this. The hydraulic-fracturing technology was invented and developed in Texas, and it is the key to unlocking the estimated 900 trillion cubic feet of shale gas available in the United States (and the estimated 6,000 trillion cubic feet globally)
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