Second lawsuit filed to halt drilling in state parks and forests

By Katie Colaneri and Susan Phillips An environmental group has filed a lawsuit challenging the Corbett administration’s plan to lease more state park and forest land for oil and gas development. The Corbett Administration lifted a moratorium on new leases in state parks and forests with an executive order last May to help plug a budget gap. The […]

Read More

Could shale help US beat Saudi Arabia as top oil producer?

Katy Barnato The fracking revolution could open the way for the U.S. to overtake Saudi Arabia as the world’s number one oil producer, energy research provider Platts said in a report on Tuesday. “Another clear theme this year remains the dramatic upheaval, and for most, growth, that the American shale-led boom continues to thrust on […]

Read More

U.S. crude output rises to highest since 1980s on shale boom

Fuel Fix U.S. crude production climbed to the highest level in at least three decades last week as the shale boom moved the country closer to energy independence. Output rose 0.4 percent to 8.97 million barrels a day, according to weekly Energy Information Administration estimates that began in January 1983. The EIA’s monthly data, which […]

Read More

Why China’s Slowdown Is Taking a Heavy Toll on Canada

Huffington Post If beaten-up Canadian investors are looking to assign blame for the bruising suffered by their portfolios of late, they could do worse than point an accusatory finger at China. The resource super-cycle that drove valuations so much higher over the last decade is now hobbling along at a snail’s pace and China is […]

Read More
EQT logo

EQT Earnings Rise; Sales Price Continue To Slump

Pittsburgh Post-Gazette By Anya Litvak / Pittsburgh Post-Gazette / October 23, 2014 EQT Corp., a Downtown-based oil and gas company, reported net income of $98.6 million, or 65 cents per share, for the third quarter. That’s up from $88.3 million, or 58 cents per share, for the same time period last year. The company began […]

Read More

Low Oil Prices Hurting U.S. Shale Operations

Blouin News Oct 23, 2014 Slumping oil prices are putting pressure on U.S. drillers. The number of active rigs drilling for oil and gas fell by their most in two months, according to the latest data from oil services firm Baker Hughes. There were 19 oil rigs that were removed from operation as of Oct. 17, compared […]

Read More