Friday, April 27, 2012

Penn. Marcellus News Update for 4/27/12

Law firm: Fracking Operation Decreases Safety of Roadways in Pennsylvania
Companies promising jobs to local workers are generally a good thing in this tough economy. Unfortunately, along with additional jobs, companies associated with the Marcellus Shale gas industry have also increased the presence of large trucks, negatively impacting the safety of Pennsylvania roadways.
Residents living near fracking sites have voiced concerns about the noise and potential for increased car accidents. Some are even concerned that the increased traffic will drive them out of the neighborhoods they hoped to grow in.
Sierra Club challenges Md. natural gas terminal
Virginia-based Dominion Resources Inc. is seeking to export 1 billion cubic feet per day through a terminal it owns in Maryland. A previous legal settlement dating to the 1970s gives the Sierra Club the ability to reject any significant changes to the purpose or footprint of the existing natural gas terminal in Cove Point, Md.
The environmental group says the export project could result in major damage to the Chesapeake Bay and nearby Calvert Cliffs State Park in Maryland.
 Pa.: fewer than 30 health complaints on drilling
The Pennsylvania Department of Health said this week that it has received fewer than 30 complaints over the last year from people who feel natural gas drilling has affected their health, but it's not clear how many came before that. Last June the agency head suggested it had already received several dozen.
 Industry Group Releases Suggestions For Natural Gas Development In Marcellus Shale
The Marcellus Shale Coalition, a trade group of oil and gas companies, released Thursday operational suggestions it hopes will standardize how the oil and natural gas industry approaches future drilling operations. The suggestions come as the industry seeks to tap the vast resources of the Marcellus Shale, which stretches from Ohio to New York state, using means that include the controversial practice known as fracking.
Scott Township Shows Supports for Marcellus Shale Challenge
Scott Township commissioners unanimously passed a resolution Wednesday night showing symbolic support for the communities fighting the state’s new Marcellus Shale law.
Act 13, the natural gas drilling law that was passed earlier this year, removes local zoning control from communities and gives them less authority to push well pads away from schools, homes and hospitals.
 Shell reaching out to DEP early for cracker site
Shell is moving forward with its environmental evaluation of a Beaver County site for a possible cracker plant, engaging the Pennsylvania Department of Environmental Protection, according to Ron Schwartz, assistant regional director for the DEP’s southwestern district....
This is not the typical regulator-company relationship at this stage, Schwartz said. Usually, the DEP will get an application for a permit out of the blue and will go back and forth with the company in writing to come up with the proper plan.
There is much environmental work to be done on the 300 or so acre site, currently owned by Horsehead Corp. (Nasdaq: ZINC), which has a number of outstanding violations primarily related to air and water.
Range Resources shares rise on production spike
Range Resources stock gained $2.72, or 4.5 percent, to $62.88 in afternoon trading, with volume nearly three times normal.
The company cited falling prices for natural gas that sapped revenue, fees paid out for operations in Pennsylvania and a loss on a property sale for its results. But it also said production rose 20 percent from a year ago, to a quarterly record.

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