Latest Geology of New Jersey Stories
SAN ANTONIO, Nov. 18, 2010 /PRNewswire/ -- The energy law firm of Burleson Cooke announced the opening of a new office in San Antonio that will focus on serving companies with interests in the Eagle Ford Shale play. The move comes on the heels of a significant expansion of the firm's Pittsburgh office - which opened in late 2009 and supports oil and gas companies working in the Marcellus Shale region - and further underscores Burleson Cooke's expertise in the area of unconventional oil and...
HOUSTON, Nov. 10, 2010 /PRNewswire-FirstCall/ -- Gastar Exploration Ltd. ("Gastar") (NYSE Amex: GST) announced today that the Company has executed a Purchase and Sale Agreement ("PSA") with undisclosed private sellers for the acquisition of approximately 59,000 net acres of leasehold in the Marcellus Shale concentrated in Preston, Tucker and Pendleton Counties, West Virginia. Terms of the acquisition were not disclosed. Closing of the transaction is expected to take place in...
BELLEVUE, Wash., Nov. 4, 2010 /PRNewswire-FirstCall/ -- Westmont Resources Inc. (OTC Bulletin Board: WMNS) today announced that they have completed an agreement that will extend Westmont's reach and resources with the acquisition of 233 acres and 8 existing wells in the Marcellus Shale region in the southwest tier of Pennsylvania. Preliminary estimates indicate that the value of the reserves associated with these 233 lease acres in Westmoreland County of Western Pennsylvania from the...
HOUSTON, Nov. 2, 2010 /PRNewswire-FirstCall/ -- Gastar Exploration Ltd. (NYSE Amex: GST) announced today that Gastar Exploration USA, Inc., a wholly owned subsidiary of Gastar Exploration Ltd., has closed its joint venture agreement funding with Atinum Marcellus I LLC ("Atinum"), an affiliate of Atinum Partners Co., Ltd., a leading investment firm located in the Republic of Korea. Pursuant to the agreement, Gastar has assigned to Atinum an initial 21.43% interest in all of its existing...
Order Bans Leases Requiring New Surface Disturbances to Protect Pristine Nature of Publicly Owned Forests HARRISBURG, Pa., Oct. 26 /PRNewswire-USNewswire/ -- Governor Edward G. Rendell today signed an executive order protecting Pennsylvania's state forests from any new natural gas development activities that would disturb the surface of these areas and jeopardize fragile ecosystems. The Governor said a recent and extensive evaluation of the state forest system conducted by the Department of...
PITTSBURGH, Oct. 20 /PRNewswire/ -- Kroff, Inc., one of the fastest-growing water treatment companies in the United States, will discuss creative solutions for frac water treatment during a Water Management Workshop on the first day of the upcoming "DUG East Marcellus and More: Appalachian Shales." The conference is being held from November 2-4 in Pittsburgh. (Logo: http://photos.prnewswire.com/prnh/20100708/NE32350LOGO ) (Logo: http://www.newscom.com/cgi-bin/prnh/20100708/NE32350LOGO )...
PHILADELPHIA, Oct. 12 /PRNewswire/ -- The Academy of Natural Sciences is calling for a comprehensive research plan that would result in guidelines and an assessment tool for regulators and managers in order to minimize the environmental impact of Marcellus Shale gas drilling. "At this time, there is very little information available as to the impacts of long-term exposure of a watershed to Marcellus Shale drilling activities," said Dr. David Velinsky, vice president of the Academy's Patrick...
The pace and extent of Marcellus Shale development across Pennsylvania can be "seen" in animated maps produced by the Penn State Marcellus Center for Outreach and Research.Based on data from the Pennsylvania Department of Environmental Protection, the animations (http://www.marcellus.psu.edu/resources/maps.php) show both the number of drilling permits issued for the Marcellus Shale target and the number of wells drilled by year from 2007 through August 2010. Although permits were...
BELLEVUE, Wash., Oct. 6 /PRNewswire-FirstCall/ -- Westmont Resources Inc. (OTC Bulletin Board: WMNS) today announced that they have completed an agreement that will extend Westmont's reach and resources with the acquisition of 1,600 leased acres and 60 existing wells in the Marcellus Shale region in the northwest tier of West Virginia. Preliminary estimates indicate that the value of the reserves associated with these 1,600 leased acres in Wetzel County of northwest West Virginia from the...
HOUSTON, Oct. 5 /PRNewswire/ -- Gastar Exploration Ltd. (NYSE Amex: GST) announced today that its borrowing base under the Second Amendment to the Company's Amended and Restated Credit Agreement has been increased to $47.5 million. The borrowing base had previously been reduced from $47.5 million to $40.0 million primarily as a result of delays in returning the Belin #1 well to production following recompletion efforts. J. Russell Porter, Gastar's President and Chief Executive Officer,...
