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NY waiting on fracking study, lawsuit looming

west law fracking

COOPERSTOWN — A lawyer for a financially insolvent gas company that had leased tens of thousands of acres in Chenango County said Tuesday he has served New York’s top environmental regulator with a “demand letter” intended to spur the Cuomo administration to reach a decision on fracking rules. “We’re giving them two weeks to put up or shut up,” Thomas ...

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Gas boom’s impact on economy examined

oil economy

BECKLY, WV – Wyoming County and West Virginia are expected to boom economically in the next few years due to the extraction of natural gas from the Utica shale formation, according to officials. West Virginia Association of Counties and WVU Extension Service brought together numerous people from across the state recently to discuss the economic potential for West Virginia. “Wyoming ...

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ONEOK will turn its natural gas distribution segment into new firm

ONEOK

Tulsa-based ONEOK Inc. said Monday in a guidance announcement that it is on target to complete its spinoff of the company’s natural gas distribution segment into ONE Gas Inc. in the first quarter. ONEOK listed the effective date for the spinoff as Jan. 1 for guidance purposes, spokeswoman Megan Washbourne said. The actual closing of the transaction will come later, ...

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Poll respondents say they support natural gas environmental safeguards

The Nature Conservancy

CHARLESTON, W.Va. — According to a poll of Central Appalachian voters by a bipartisan research team commissioned by The Nature Conservancy, more than 80 percent of respondents said they would support establishing strong environmental safeguards as a condition for further natural gas development. Specific actions endorsed by poll respondents include regional planning, science-based protections and guidelines, and requirements to prevent ...

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High-Risk OIl and Natural Gas Transportation Should Focus Investor Spotlight

The transportation of our essential oil and natural gas supplies has always been a risky business; with that risk underscored whenever there’s a major accident — like the massive gas pipeline explosion last week in western Missouri. But it’s events like the Missouri accident that should focus industry and investor attention on Iron Mountain (NYSE: IRM). Operating in the business software ...

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Natural Gas Boom Benefits Big Users More Than Small

natural gas prices

Fracking has sent the price of natural gas plummeting, just not for the people who need it most. The straight-out-of-the-ground price of natural gas is way down since the start of the boom in hydraulic fracturing. Back in 2008, users buying gas directly from drillers were paying an average of $7.97 per thousand cubic feet, according to the Energy Information ...

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Gas drillers should minimize impact on nature, poll says

gas drilling

Results of a poll by The Nature Conservancy in the six-state Marcellus Shale gas region of the Appalachians indicate strong support for better regional planning to minimize impacts on forest and water resources, as well as tougher environmental safeguards. The poll, scheduled for release at noon today, also shows that a majority of those polled — 54 percent — say ...

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Questions surface on the shale-gas boom in Ohio

ohio shale

AKRON, OH – Proponents of shale-gas drilling have said the United States sits on the verge of energy independence amid surging output and what has been described as a 100-year supply of natural gas. Count Texas-based financial consultant Deborah Lawrence Rogers among those skeptical that the shale energy boom is real or sustainable — fiscally or environmentally. Rogers, part of ...

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Ohio pension fund wary of Kasich’s call to dump Iran investments

Not only did Gov. John Kasich add his name to a letter Tuesday from 15 governors opposing the Obama administration’s Iran nuclear deal, he is actively encouraging Ohio’s biggest pension fund to pull its money from companies that invest in the country once the current U.S. sanctions are lifted. No can do, says a spokeswoman for the Ohio Public Employee ...

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