The Pennsylvania Legislature has approved a bill to change drilling reporting requirements.
At present, drillers in Pennsylvania must report production totals twice a year.
Under House Bill 2278, they would have to report production totals monthly.
The bill has been sent to Gov. Corbett for his signature.To read more or comment...
A press release from Caiman Energy on Tuesday:
DALLAS, TX – Caiman Energy II, LLC (“Caiman II”) is pleased to announce that Stephen Arata, has been named Dallas Energy CFO of the Year by an independent panel of judges selected by the Dallas Business Journal. Arata serves as executive vice president, chief financial officer (CFO) and a director of Caiman II. He is also executive vice president, CFO and a director at Blue Racer Midstream (“Blue Racer”), a joint venture formed by Caiman Energy II and Dominion (NYSE: D) to develop midstream infrastructure and services in the Utica Shale.
Arata joined Caiman Energy I in 2010 and was instrumental in the financing and growth of the company’s multibillion dollar midstream footprint in the Marcellus Shale. In 2012, he played a key role in the $2.5 billion sale of Caiman I’s subsidiary, Caiman Eastern Midstream, LLC, to Williams Partners (NYSE: WPZ). He went on to help lead the capitalization of Caiman II and the subsequent formation of Blue Racer. In 2013 Arata led efforts to secure Blue Racer’s $800 million credit facility. Nineteen banks participated in the credit arrangement, which has since been expanded to $1 billion.
“Stephen has enjoyed a distinguished career in both the financial and energy sectors,” said Jack Lafield, Caiman’s chairman and CEO. “He has displayed exemplary leadership, as well as a remarkable ability to finance and grow the company through significant periods in our history. Stephen also makes very meaningful contributions of his time and extraordinary talent across the Dallas community. We are fortunate and honored to have him as a part of our leadership team.”To read more or comment...
From GlobalData today:
FOR IMMEDIATE RELEASE
LONDON, UK (GlobalData), 22 October 2014 - States and International Oil Companies (IOCs) are banking on the Arctic as a major source of future oil and gas production, but the high costs and risks involved with operations in the area mean that an attractive fiscal regime is essential if developments are to be commercially viable, says an analyst with research and consulting firm GlobalData.To read more or comment...
A fund that collects rents and royalties from oil and natural gas development to Texas public schools recently became the largest education endowment in the country.
The publicly run endowment, called the Permanent School Fund, is worth $37.7 billion dollars. That’s $1.3 billion more than Harvard University’s $36.4 billion endowment, according to NPR's StateImpact Pennsylvania.
Click here to read the full story.To read more or comment...
As shale drilling has grown in Ohio, so, too, has the number of legal cases linked to Utica shale in the state and federal courts.
The law firm BakerHostetler on its blog offers a legal update on Ohio-linked drilling cases recently decided by the courts.
Click here to read more.To read more or comment...
Chesapeake Energy Corp,the Oklahoma-based firm is the No. 1 driller in Ohio.
Rig Count Interactive Map by Baker Hughes, an energy services company.
Shale Sheet Fracking, a Youngstown Vindicator blog.
The Ohio Environmental Council, a statewide eco-group based in Columbus.
Earthjustice, a national eco-group.
People's Oil and Gas Collaborative-Ohio, a grass-roots group in Northeast Ohio.
Concerned Citizens of Medina County, a grass-roots group.
No Frack Ohio, a Columbus-based grass-roots group.
Fracking: Gas Drilling's Environmental Threat by ProPublica, an online journalism site.
Pipeline, blog from Pittsburgh Post-Gazette on Marcellus shale drilling.
Allegheny Front, environmental public radio for Western Pennsylvania.