East Resources, Inc. Receives IOGCC 2010 Chairman’s Stewardship Award
WARRENDALE, Pa., Nov. 24, 2010 /PRNewswire/ — On November 16, the Interstate Oil and Gas Compact Commission (IOGCC) awarded East Resources, Inc. its 2010 Chairman’s Stewardship Award for Environmental Partnership. East Resources received the award in recognition of its support for a Remote Water Quality Monitoring Network in the upper reaches of the Susquehanna River Basin. East provided financial assistance to the Susquehanna River Basin Commission to support the deployment of the monitoring network. The award was announced at the IOGCC’s Annual Meeting in Tucson, AZ.
Environmental organizations and local watershed groups have expressed concerns over the potential impact of Marcellus Shale natural gas development on public water supplies and water quality in the Upper Susquehanna River Basin. The network will routinely observe and record water quality conditions in smaller rivers and stream flowing through areas of the watershed where oil and gas producers are actively developing Marcellus Shale reserves.
“We recognize the importance of the natural gas industry to Pennsylvania and to the local communities and believe that this partnership with the SRBC would demonstrate that the development of the Marcellus Shale could be done in an environmentally safe manner,” William Fustos, Chief Operating Officer, East Resources, Inc. said. “We are confident as a company and as an industry that there will be no detrimental effects due to our development and this project will go a long way toward showing that.”
Founded in 1935, the Interstate Oil and Gas Compact Commission is a multi-state government agency that serves as a forum for the governors of our nation’s oil and gas producing states, state appointees and key policy staff to focus on important oil and natural gas issues. The Commission assists member states to efficiently maximize oil and natural gas resources through sound regulatory practices while protecting our nation’s health, safety and environment.
The Commission initiated the annual Chairman’s Stewardship Awards in 2001 as its highest honor for exemplary efforts in environmental stewardship. The awards recognize organizations, companies and individuals nationwide that demonstrate innovation, dedication and passion for our environment.
East Resources, Inc. is an independent oil and gas producer in the Appalachian and Rocky Mountain regions of the United States. East is one of the most active oil and gas explorers in the Appalachian region and is making significant investments in the responsible development of natural gas from the Marcellus Shale. In May of this year, East signed a definitive agreement to sell the company’s principal subsidiaries to an affiliate of Royal Dutch Shell plc. The sale included East’s natural gas and oil exploration and production operations and most of its holdings in related businesses.
SOURCE East Resources, Inc.