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Latest Geology of West Virginia Stories

Better Understanding Of Marcellus Shale Could Inform Decisions On Hydrofracking
2014-07-22 03:54:03

University of Rochester The 1500 mile Appalachian mountain chain runs along a nearly straight line from Alabama to Newfoundland—except for a curious bend in Pennsylvania and New York State. Researchers from the College of New Jersey and the University of Rochester now know what caused that bend—a dense, underground block of rigid, volcanic rock forced the chain to shift eastward as it was forming millions of years ago. According to Cindy Ebinger, a professor of earth and...

2014-06-09 08:22:41

OKLAHOMA CITY, June 9, 2014 /PRNewswire/ -- American Energy - Utica, LLC (AEU), an affiliate of American Energy Partners, LP (AELP), announced today that it has signed agreements to acquire approximately 27,000 net acres of leasehold in Monroe County, Ohio, from East Resources, Inc. and an unnamed private company. At closing, the properties are expected to have net production of approximately 40 million cubic feet of natural gas equivalent per day. In addition, a separate AELP...

2014-05-22 20:20:58

$150 Million Initial Commitment Refinances Debt and Funds 2014 Marcellus Shale Growth Program ST. MARYS, W. Va., May 22, 2014 /PRNewswire/ -- Trans Energy, Inc. (OTCQB: TENG), a pure play Marcellus Shale exploration and production company, today announced that its subsidiary, American Shale Development, Inc. ("ASD"), closed on a new credit facility with Morgan Stanley Capital Group Inc. ("Morgan Stanley") in the amount of $200 million. The facility closed and an initial amount of...

2014-02-27 20:21:47

HOUSTON, Feb. 27, 2014 /PRNewswire/ -- Southwestern Energy Company (NYSE: SWN) today announced its financial and operating results for the fourth quarter and the year ended December 31, 2013. Calendar year 2013 highlights include: -- Record gas and oil production of 656.8 Bcfe, up 16% compared to 2012 levels; -- Record total proved reserves of approximately 7.0 Tcf, up 74% compared to 2012 levels; -- Record adjusted net income of $703.9 million, or $2.00 per...

2014-02-20 16:22:19

HOUSTON, Feb. 20, 2014 /PRNewswire/ -- Cabot Oil & Gas Corporation (NYSE: COG) today reported year-end proved reserves of 5.5 trillion cubic feet equivalent (Tcfe), an increase of 42 percent over year-end 2012. "This level represents a doubling of our proved reserves in just three years from a 100 percent organic drilling program, despite an active divestiture program that has seen 380 Bcfe removed during this time period," stated Dan O. Dinges, Chairman, President and Chief...

2014-02-04 08:23:05

DENVER, Feb. 4, 2014 /PRNewswire/ -- -- Proved reserves increased by 78% to 7.6 Tcfe and 3P reserves increased by 62% to 35.0 Tcfe at year-end 2013 -- Proved developed reserves increased by 117% to 2.0 Tcfe at year-end 2013 -- Replaced 1,857% of estimated production in 2013 -- Achieved all-in finding and development costs of $0.58 per proved Mcfe during 2013 -- Increased proved reserves pre-tax PV10 by 133% to $7.0 billion, including hedges...


Word of the Day
cenobite
  • One of a religious order living in a convent or in community; a monk: opposed to anchoret or hermit (one who lives in solitude).
  • A social bee.
This word comes from the Latin 'coenobium,' convent, which comes from the Greek 'koinobios,' living in community.
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