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Marcellus Shale News

Top U.S. hedge funds adjust energy bets on sliding oil prices

NEW YORK – Top U.S. hedge fund managers made contrasting bets on energy companies in the first quarter, with Greenlight Capital’s David Einhorn sticking with names pummeled by falling oil prices, while Hayman Capital’s Kyle Bass bet on frackers, regulatory filings showed on Friday. Einhorn’s $11 billion Greenlight Capital increased its stake in Consol Energy Inc by 7.3 million shares ...

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Local activists say fracking poses threat to Fayette County’s water

Water, water everywhere, and not a drop to drink. That’s what’s going on in the Lochgelly area of Fayette County, according to local activists. To warn the public about the danger to their water, a meeting took place Saturday at the Historic Oak Hill School in Oak Hill. “Water is being compromised by hydrofracking (hydraulic fracturing) waste being dumped into ...

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Fertilizer industry soars amid gas glut

The glut of cheap natural gas that is hindering profits and prompting job cuts among Marcellus shale drillers has been a blessing for companies that use the gas to make fertilizer for farmers. The domestic fertilizer industry is experiencing its largest growth in 25 years, thanks to gas pulled from shale in record volumes across Appalachia. “Ever since you started ...

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UGI proposes LNG plant in Wyoming County

UGI Energy Services LLC plans to build a liquefied natural gas production facility in Wyoming County. The facility will be adjacent to UGI’s Manning compressor station on Meshopany Ridge Road in Washington Twp., slightly north of Procter & Gamble’s plant, the gas supplier announced Thursday. The facility will draw Marcellus Shale gas from UGI’s Auburn gathering system, then chill it ...

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Opinion: Airing out the ‘Burgh’s air quality

To paraphrase Benjamin Franklin, opinions are as various as faces. As can be the interpretation of facts. As the latest clucking, squawking and hissing over Pittsburgh’s supposedly horrid air quality illustrates. Year after year — and with less credibility each year — the American Lung Association (ALA) smears Greater Pittsburgh with a report that typically concludes the region’s air to ...

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Free water-testing class offered

The Kentucky River Watershed Watch has paired with Frack Free Foothills to teach a free water testing class to document preexisting water conditions in the southeastern area of Madison County (predominantly Red Lick). “In anticipation of companies pursuing hydraulic fracturing in our community, this free water testing class represents and excellent opportunity for landowners and community members to set up ...

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UGI plans to cut natural gas prices

natural gas

Get ready for a smaller natural gas bill this summer, thanks to fracking. That’s the message from UGI Utilities Gas Division, which plans to cut customers’ purchased gas rate by 7 percent, attributing the lower purchase price to abundant Marcellus Shale gas supplies. “Nearly 90 percent of UGI’s natural gas supplies now come from locally produced Marcellus Shale, and our ...

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Obama: Shell developed high safeguards against Arctic spills

CAMP DAVID, Md. — President Barack Obama says experts have concluded that Royal Dutch Shell has developed strong safeguards to undertake offshore oil exploration in Arctic waters. Obama says his administration delayed Shell’s application for exploratory drilling in the Chukchi Sea northwest of Alaska until it could provide necessary assurances. The federal Bureau of Ocean Energy Management approved the company’s ...

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