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Shell acquires Pa. shale gas rights as part of a $2.1B deal

By Alex Nixon Royal Dutch Shell is shuffling its portfolio of natural gas holdings to increase attention on the Marcellus and Utica shale formations in northern Pennsylvania. The energy giant announced on Thursday that it is selling drilling rights to mature gas producing areas in Wyoming and Louisiana in separate deals in exchange for $2.1

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EV Energy to drill exploratory oil well in Tuscarawas County

By Bob Downing Texas-based EV Energy Partners LP is expecting to drill a well in Ohio’s Tuscarawas County this fall as part of concentrated efforts to tap into Utica shale oil. Work on the exploratory well will likely begin about Oct. 1, said John B. Walker, the company’s executive chairman, in an earnings call with

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Horsehead reports loss, says Shell still active at Monaca site

Justine Coyne Horsehead Holding Corp. reported a loss for the second quarter as the company finalized shifting its zinc production from Monaca to its new facility in Mooresboro, N.C. Pittsburgh-based Horsehead (Nasdaq: ZINC) reported a net loss of $5.1 million, or 10 cents per diluted share. This compares to a net loss of $800,000, or

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FirstEnergy responds to Marcellus expansion, begins building new substation

By Sarah Tincher As an attempt to keep up with the rapid expansion of the Marcellus Shale gas industry, FirstEnergy announced July 30 that it has begun construction on a new transmission substation near Sherwood in Doddridge County. FirstEnergy stated that the $36 million project, which also includes a short transmission line to connect the

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Welcome to Saudi Dakota

By Keith Kohl Last month, a small tanker left the Turkish port of Ceyhan with nearly a million barrels of oil in its hull. The crude was pumped out of northern Iraq and then piped across the border into Turkey. A few days ago, it was caught in the crosshairs of the U.S. Coast Guard

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