...earnings... was dominated by the company's first Utica Shale well in Southwestern Pennsylvania. It shattered the Appalachian Basin's previous record and had financial analysts wondering if the formation could be given priority over the company's dominant assets in the Marcellus Shale any time soon.
The existing, southern segment of the Keystone oil pipeline system has pumped its billionth barrel, owner TransCanada Corp. said Monday. The company is using the milestone to promote the safety of its pipeline and push the Obama administration to approve the highly controversial northern segment, known as Keystone XL.
This week, a study asserts a correlation between natural gas development and an increase in hospitalizations in three Pennsylvania counties. However, the authors are clear that, "the study does not prove that hydraulic fracturing actually causes these health problems."
The Utica Shale and associated hydrocarbon-rich rock zones hold significantly more potentially recoverable natural gas than early estimates predicted, according to research released Tuesday at a workshop in Canonsburg.