Southwestern Energy agreed to acquire Marcellus and Utica acreage and equipment from Chesapeake Energy for $5.4 billion. “The early drilling in both the liquids-rich Marcellus and emerging Utica plays has confirmed the resource potential and the economic strength of a long-term development program,” Southwestern CEO Steve Mueller said in a written statement. [Fuel Fix] A… Keep reading →
One of the largest independent natural gas producers in the US, Southwestern Energy, is optimistic about the US natural gas industry outlook despite anticipated cost increases associated with upcoming EPA rulemaking.
Southwestern President and CEO Steve Mueller said his company was not concerned about fracking regulations, but described methane emissions as a “big concern” when fielding questions from Wall Street analysts at the Independent Petroleum Association of America’s Oil & Gas Investment Symposium in New York on Monday. Keep reading →
The oil and gas industry can bring new resources to bear in its battle against critics and efforts to achieve a “social license to operate.” A small cleantech firm has developed patented technology that allows producers to recycle up to 100% of their well flowback and produced water during hydraulic fracturing operations.
“We use and have invented an advanced oxidation process to treat water on the front end of the [fracking process] and at the flow rate of the [fracking process], eliminating liquid biocides and chemicals for bacteria growth and scale inhibition, and allowing 100% recycling of the flowback and produced waters,” said EcoSphere Technologies Chairman and CEO Charles Vinick said during a recent radio appearance. Keep reading →
