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Tag Archives: Southwestern Energy

Top Eagle Ford news stories: April 29 – May 6

rig count, oil natural gas

Here’s a recap on the top Eagle Ford news stories from the past week. Energy producers continue to struggle with depressed oil prices and two oil majors abandoned plans for a merger as opposition from regulators mounted. 5. Exxon sees smallest profit in 16 years, Chevron posts loss DALLAS (AP) — Motorists are saving billions on cheaper gasoline, but the ...

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Former Southwestern Energy worker guilty of $450K theft

Former Southwestern Energy worker guilty of $450K theft

HOUSTON (AP) — A former financial employee of Southwestern Energy Co. faces up to 80 years in prison for embezzling more than $450,000 from the oil and gas company. Kendra Walker of Houston pleaded guilty Monday to four counts of wire fraud. The 28-year-old Walker remains free on bond pending sentencing in federal court in Houston. Prosecutors say Walker worked ...

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Energy companies pull back in early trading

Energy companies pull back in early trading

NEW YORK (AP) — Stocks are pulling back in early trading, led by declines in materials and energy companies. Chesapeake Energy and Southwestern Energy each fell 9 percent in the first minutes of trading Tuesday. Hamburger chain Shake Shack dropped 8 percent after delivering results and an outlook that disappointed investors. Traders were also discouraged by weak trade figures from ...

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Marcellus jobs market takes another beating

rig worker

Low natural gas prices just keep hitting oil and gas industry workers in the Marcellus Shale. The state Department of Labor figures show 2,262 fewer oil and gas jobs when comparing quarter two of 2015 to 2014. Cabot Oil and Gas announced in a press release  a 58 percent reduction to $325 million as opposed to $774 in 2015. The ...

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Southwestern Energy donates $500K for petroleum scholarships

WHEELING, W.Va. — Southwestern Energy is donating $500,000 combined to fund petroleum technology scholarships at Pierpont Community and Technical College and West Virginia Northern Community College. Bill Way, president and chief operating officer of Southwestern Energy, joined Gov. Earl Ray Tomblin at the Wheeling Rotary Club for the announcement Monday. Way said Southwestern Energy has hired more than 100 West ...

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Top 5 Marcellus stories of the week

natural-gas-well-

Southwestern Energy is moving in on the action in Pennsylvania Southwestern Energy Co. is tossing around the idea of building an operating base in southwestern Pennsylvania’s shale fields.  To read the full story, click here. Chevron sells more Marcellus land While continuing the process of reorganizing its operations, Chevron Corp.’s Appalachia business group is putting 11,700 Marcellus Shale acres on ...

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Southwestern Energy is moving in on the action in Pennsylvania

southwestern energy logo

Southwestern Energy Co. is tossing around the idea of building an operating base in southwestern Pennsylvania’s shale fields. As reported by the Pittsburgh Business Times, Paul Geiger, Southwestern’s senior vice president of the company’s new Appalachia division, explained, “The company is looking to set up what he’s calling a ‘forward operating base’ — a dual purpose satellite office and equipment ...

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Methane leaks reportedly decrease in Pennsylvania

Trapped methane bubble underneath frozen Abraham Lake in Canada. Getty Image via NewsCred

Methane leaks from shale gas drilling in Pennsylvania continue to decline, even with increased production and more wells going online, according to data from the state Department of Environmental Protection. The agency on Monday reported decreases in total methane and carbon monoxide released into the air in 2013. Total nitrogen oxide, sulfur dioxide and volatile organic compounds from shale wells ...

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Top 5 Marcellus stories of the week

natural gas flare

5. Infrastructure is moving in Even though the price of gas has slowed the growth of the natural gas industry, production in Pennsylvania is moving right along and continues to break records, said the President of the Marcellus Shale Coalition David Spigelmyer.  To read the full story, click here.   4. Pipeline opponents use study as ammo Opponents of the Atlantic Coast ...

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