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Buffett Gets in Occidental’s Corner
While Anadarko has to choose between the two bidders, Warren Buffett’s Berkshire Hathaway decided to get involved as it committed to invest $10 billion to help Occidental win the fight. Buffett's Bid
The Fight for Anadarko
Anadarko's board has declared Occidental Petroleum's sweetened $US38 billion ($54 billion) takeover "superior," allowing Chevron to either boost its offer or walk away with a $US1 billion breakup fee. AND YOU THOUGHT YOUR BREAKUP WAS EXPENSIVE
You Can’t Teach an Old Well New Tricks
Cabot Oil & Gas Corp. ended it's exploratory efforts in north-central Ohio, where it has been working over the last two years to breathe new life into old oilfields with unconventional drilling, because of poor results. CABOT COMES UP DRY
PennEnergy Plans to Drill Under Franklin Park
Minerals have become competitive with many players entering the field, and that is driving the price of mineral rights up in lucrative areas. Mineral Assets Sparking Competition Local environmental advocacy groups are calling for an end to all well drilling and fracking near the public water source in northern Westmoreland County. FEELING THE PRESSURE? Ascent Resources increases their foothold in Utica Shale ASCENT ASCENDING Natural gas prices fell into record negative territory in the Permian basin, dragged down by booming oil production and a limited ability to move gas out of the region. TEXAS BASIN GAS SURPLUS An event was held by the Jefferson County Chamber of Commerce to give the community an update on progress being made in the oil and gas industry. It has seen substantial growth when it comes to oil and gas in recent years. As it currently sits, Jefferson County is the... Merrion Oil and Gas is partnering with US Steel to drill and hydraulically frack natural gas wells at the steel giant’s Edgar Thomson Works south of Pittsburgh, in Braddock, along the Monongahela River. MERRION AND EDGAR- THE NEW "IT" COUPLEAre You Sitting on a Huge A$$et?
Dropping Gas Pressure Escalates Advocacy Pressures in Westmoreland County
Ascent Resources Ascending
The Permian Basin Can’t Pass Gas
Jefferson County, the Underdog is Becoming the Leader of the Pack
Appalachian Basin Drilling- a Match Made in Pittsburgh?
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