by Tyler Herget | Oct 11, 2019 | HBP
The Rule of Capture has been a foundational concept of oil and gas prospecting for 150 years. The Rule of Capture exists to provide an affirmative defense to drillers when they tap into oil and gas pockets that cross property lines. As fictional oilman Daniel...
by Tyler Herget | Oct 10, 2019 | HBP
The Marcellus and Point Pleasant-Utica Shale plays in the Appalachian Basin contain an estimated mean of 214 trillion cubic feet of undiscovered, technically recoverable continuous resources of natural gas, according to new U.S. Geological Survey assessments. The...
by Tyler Herget | Oct 7, 2019 | HBP
Philadelphia, Pa. (KDKA) — A Pennsylvania senator says the damage caused by fracking outweighs any economic benefit. Fracking for natural gas in the Marcellus shale has been a source of jobs and dollars for many in Southwest Pennsylvania. Pennsylvania State Sen....
by Tyler Herget | Sep 14, 2019 | HBP
Still under pressure from investors to throttle back spending in the face of low natural gas prices, Pennsylvania shale gas drillers pulled 23% fewer permits for new wells in August compared with 2018 and 14% fewer permits compared with July. The single biggest...
by Tyler Herget | Sep 10, 2019 | HBP
Sen. Elizabeth Warren (D., Mass.) announced last week she would ban fracking “everywhere” when she became president, but she wouldn’t have the power to do it, an energy expert called it a threat to U.S. national security, and it could hurt her...
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