Most consumers are at least familiar with the existence of unfair trade practice statutes and anti-trust law. Likely very few, however, have stopped to consider whether those statutes apply to the leasing of oil and gas interests in the Marcellus Shale. Yet, those are the precise questions at issue in Commonwealth of Pennsylvania v. Chesapeake Energy Corp. et al., No. 2015IR0069 (Pa. Ct. Comm. Pl. Dec. 15, 2017). Continue reading
Tag: marcellus
Natural gas prices decline sharply in WV in last 10 years
The oil and gas industry’s West Virginia trade association, WVONGA, issued a press release yesterday attributing $1.5 billion in savings to residential ratepayers from lower gas prices. Those lower gas prices, of course, are due in no small part to the remarkable shale gas boom spurred by advancements in hydraulic fracturing. Continue reading
Fayette County, West Virginia, Wastewater Storage & Injection Ban Overturned
Earlier this summer, Fayette County, West Virginia, learned what many other local governments have already come to know: local bans on state and federally-regulated oil and gas activity are, in most cases and jurisdictions, unenforceable. Continue reading
EQT's West Virginia Presence Grows by 62,500 Acres
EQT announced earlier this week that it had reached a $407 million agreement with Statoil to buy the rights to develop 62,500 acres in West Virginia and to current production of 50 MMcfe per day. The transaction will be funded by a common stock offering of 9,500,000 shares and is expected to close in early July 2016. Continue reading
