Articles tagged Pennsylvania

Whitehawk Energy LLC announced it closed on the acquisition of mineral and royalty interests in the Marcellus Shale spanning about 435,000 gross unit acres.

Natural gas futures stumbled lower on Tuesday as technical resistance reared its head after gains in six of eight previous sessions.

Natural gas consumers in the Northeast face “devastating consequences” this winter unless temporary permission is granted to Transcontinental Gas Pipe Line Co. LLC to continue operating a pipeline expansion, the Williams subsidiary argued in a filing with FERC.

Pennsylvania collected $174 million in impact fees from unconventional natural gas producers in 2023, a decrease from previous years because of lower natural gas prices and fewer wells, according to an estimate from the state’s Independent Fiscal Office (IFO). 

Pennsylvania’s natural gas production is expected to meet more than one-half of the East Coast’s consumption through 2050 and generate steady economic activity, but takeaway constraints will continue to limit growth potential, according to the Marcellus Shale Coalition (MSC).

Equitrans Midstream Corp. said corrosion was to blame for a natural gas storage well in Southwest Pennsylvania that leaked over 1 Bcf of natural gas into the atmosphere for more than 10 days last November.

The Biden administration is planning to invest $660 million to clean up orphaned natural gas and oil wells, with most of the funds earmarked for the energy producing states of Ohio, Pennsylvania and Texas.

A federal court has vacated a 2021 settlement that awarded more than $9 million to Pennsylvania landowners that alleged underpayment of royalties by Chesapeake Energy Corp. 

Mountain Valley Pipeline LLC (MVP) developers expect to have the long-delayed and oft-challenged natural gas pipeline in service by the end of this year thanks to a major assist from provisions included in the bipartisan debt ceiling deal signed by President Biden.

The return of LNG volumes in Australia, as well as stable natural gas and oil trading, should boost Shell plc’s results in the first quarter, the integrated major said.