Posts Authored by Christopher T. Furey

Range Resources plans to spend nearly $1 billion on drilling projects

Range Resources Corp. plans to spend nearly $1 billion on natural gas drilling in 2018, with most of the spending earmarked for the Marcellus shale play in southwestern Pennsylvania, reports the Pittsburgh Business Times. However, the newspaper notes the $941 million planned for drilling is below the $1.15 billion that Range had previously forecasted for 2018 and the $1.27 billion it actually spent in 2016. Still, Range expects 25% percent growth in the Marcellus region as it will be able to move more natural gas out of the Appalachian basin by the end of the 2018, according to the Business Times. For more, read the full story.

Ohio, Pennsylvania, West Virginia

FERC orders halt to drilling on section of Rover pipeline

Federal regulators have told the company building the Rover natural gas pipeline across northern Ohio to stop drilling under the Tuscarawas River because of concerns over a spill of drilling fluids, according to the Associated Press. The news service says the Federal Energy Regulatory Commission (FERC) wants Energy Transfer Partners, which is developing the pipeline, to answer questions about the spill and look at whether there are other options to cross the Tuscarawas River. Click here for other ShaleOhio posts about the Rover project.

Ohio

Energy Transfer Partners closes sale of stake in Rover Pipeline

Business Wire reports that Energy Transfer Partners has announced that its subsidiaries, Energy Transfer Interstate Holdings and ET Rover Pipeline (“HoldCo”), have closed the previously announced sale of a 49.9% interest in HoldCo to Blackstone Energy Partners. As a result of the closing, HoldCo is now owned 50.1% by Energy Transfer and 49.9% by Blackstone. Upon completion, the 713-mile Rover Pipeline will be able to transport 3.25 billion cubic feet of natural gas per day from the Marcellus and Utica shale plays to markets across the United States and in Canada.

National, Ohio, Pennsylvania, West Virginia

Chesapeake says Justice Department has dropped probes of royalty, land practices

The U.S. Department of Justice has ended a three-year investigation of Chesapeake Energy Corp.’s oil and natural gas royalty payment and land purchase practices without taking action, according to Reuters. The news service reports that Chesapeake said in a recent securities filing that the Justice Department advised it on September 19, 2017 that it had concluded the probes. The department had subpoenaed documents from the company in 2014 after dozens of landowners and others accused it of short-changing them on royalties for natural gas and other fuels. For more, read the full story.

National, Ohio

West Virginia lifts suspension of Mountain Valley Pipeline permit

West Virginia environmental regulators have lifted their suspension of a permit for building the Mountain Valley Pipeline that would carry natural gas down the center of West Virginia to Virginia, reports the Associated Press. The news service says West Virginia’s Department of Environmental Protection (DEP) had issued the water quality certification permit in March 2017, but vacated its approval in September to re-evaluate the application and determine whether it complied with the federal Clean Water Act. DEP Secretary Austin Caperton said as a result of that action, stronger safeguards for West Virginia waterways are now in place.

West Virginia