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Marcellus News

Gas prices fall 3 cents to $2.11 per gallon in Rhode Island

PROVIDENCE, R.I. — Gas prices have fallen on average three cents in Rhode Island from last week. AAA Northeast says its weekly survey released on Monday that the average price of a gallon of regular unleaded has fallen to $2.11 per gallon. That’s 8 cents more than the national average of $2.03 per gallon. This time last year the price ...

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Decline in gas drilling softens boom for Western Pa. businesses


John Bruno dresses the industry that revitalized his Waynesburg business district. Mickey’s Men’s Store, which Bruno’s father opened in 1967 on High Street, sells the Carhartt attire, Carolina work boots and flame-retardant clothing that serve as standard wardrobe for the shale gas workers who changed the face of Greene and Washington counties during the past decade. Those workers have kept ...

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Virginia groups want stronger safeguards on fracking

RICHMOND, Va. — Environmental and public interest groups are urging officials to halt any new fracking efforts in Virginia until they complete a thorough review of the state’s standards. The groups say Virginia’s current safeguards on fracking are inadequate and outdated. They’re urging Gov. Terry McAuliffe to conduct a comprehensive review before approving any new permits for oil and gas ...

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Drilling’s down in Pa. as natural gas supplies mount

ERIE, Pa. — A “perfect storm” of plentiful oil and natural gas, falling prices and forecasts for a warmer-than-average winter is taking a toll on the oil and gas industry in Pennsylvania. Production from the Marcellus Shale continues to increase, but demand isn’t keeping pace, and falling prices are discouraging new investments and new jobs in what has been a ...

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US rig count declines by 7 this week to 737

HOUSTON — Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. this week declined by seven to 737. Houston’s Baker Hughes said Friday that 545 rigs were seeking oil and 192 explored for natural gas. A year ago, with oil prices almost double the prices now, 1,920 rigs were ...

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Seneca Resources joins with IOG Capital to maintain Marcellus activity

Seneca Resources is getting help from a Dallas investment firm to maintain gas production in the Marcellus shale despite low prices that have cut into cash flow. Houston-based Seneca, Pennsylvania’s 12th biggest shale gas producer, on Thursday announced a joint venture with IOG Capital to develop at least 42 and possibly 80 wells in Elk, McKean and Cameron counties with ...

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Invenergy offers Jessup $1 million a year in host agreement

Jessup could receive $1 million annually from a large scale power plant project, according to a reworked deal with the developer. Terms of the revised community host agreement, which were presented to borough council at a work session Thursday, say the borough would have sole discretion of the funds, and payments from plant developer Invenergy LLC would increase by 10 ...

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Sanders aligns against proposed natural gas pipeline

MANCHESTER — U.S. Sen. Bernie Sanders, I-Vt., is the first presidential candidate to publicly take a position on the proposed Northeast Energy Direct pipeline. And the Democratic hopeful’s opposition to the project has many Northeast Energy Direct pipeline opponents praising him. In prepared remarks given during the New Hampshire Democratic Party’s annual Jefferson-Jackson Dinner Sunday night, Sanders said he’s against ...

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Shell closing Franklin Park office next year

Royal Dutch Shell plans to close its Franklin Park office next summer and move most of the 180 workers involved in gas and oil drilling there to its U.S. headquarters in Houston. The move is the latest sign of retrenching among top Marcellus shale gas producers as prices remain at three-year lows because of tepid demand and oversupply. Shell announced ...

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