Explosive and unparalleled growth in the Appalachian Basin was the center of attention Wednesday as the first day of Hart Energy's DUG (Developing Unconventional Gas) East Conference in Pittsburgh got underway.
While a citizens' group fighting increased oil/natural gas development dropped several potential statewide ballot measures in Colorado this month, three initiatives aimed at more local control over oil/gas activity (Nos. 63, 75 and 78) are still alive to the discomfort of business development and industry supporters.
A bankruptcy court judge in Manhattan has approved a second amended plan for Sabine Oil & Gas Corp., which calls for the company to emerge from Chapter 11 later this year.
Privately held investment developer Tug Hill Inc. is forming a partnership with equity firm Quantum Energy Partners to acquire and develop conventional and unconventional properties in North America.