Range Resources Corp. expects to sell some assets outside the Marcellus shale as it battles low natural gas prices that pummeled its revenue. “We are continuing to work on potential noncore asset sales for areas in our portfolio that cannot compete against the Marcellus for capital,” CEO Jeff Ventura said Wednesday in announcing third-quarter financial results. The Fort Worth-based company ...
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Lebanon County commissioners plan meetings with pipeline companies
The Lebanon County commissioners are in discussions to set up meetings with representatives from two natural gas pipeline companies which have proposed major projects that will cross Lebanon County. However, the public won’t be on the guest list and neither will the media. Sunoco Logistics is in the process of re-purposing its 350-mile Mariner East Pipeline to carry liquid natural ...
Read More »State issues $95,000 penalty against Sunoco Logistics for wastewater spills
Sunoco Logistics is facing a $95,366 civil penalty related to a series of wastewater spills during construction of a portion of the company’s Mariner East pipeline in southwestern Pennsylvania. The civil penalty, outlined in a consent decree issued by the state Department of Environmental Protection on June 12, said the spills occurred between June and November 2014 in Westmoreland, Allegheny ...
Read More »Sunoco Logistics increases cash distribution
Sunoco Logistics Partners L.P., the Philadelphia pipeline and fuel terminal operator, increased its cash distribution Tuesday for the 39th straight quarter. The company will pay 40 cents per common unit on Feb. 13 to unit-holders of record on Feb. 9, a 5 percent increase over the previous quarter’s distribution of 38.25 cents. The boost represents a 21 percent increase over ...
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