Nobel to exit West Virginia, Pennsylvania
Tuesday, May 9, 2017
With plans to focus on other oil and natural gas drilling regions, Nobel Energy will sell its assets in West Virginia and southern Pennsylvania for $1.2 billion, according to The Intelligencer.
The company didn’t identify the buyer of the West Virginia assets. The deal includes current natural gas production of about 415 million cubic feet per day and 385,000 total acres.
Since entering the Marcellus and Utica shale plays, Nobel has been one of the most active drillers in Marshall County, West Virginia. Other firms with significant operations in the area include Southwestern Energy, Chevron, Statoil and EQT Corp.
Learn more: The Intelligencer > Nobel Energy leaving West Virginia for $1.2 billion
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Shale FAQ
What is fracking?
Fracking is a slang term for hydraulic fracturing. Fracturing is a process by which highly pressurized fluid is pumped thousands of feet into the ground to fracture rock formations. The goal is to release the natural gas that’s locked inside the rock.
Is it safe?
What most concerns people about fracturing is ground water contamination. The worry is that fractures underground, caused by the process, will extending upwards and into aquifers, releasing gas and chemicals into the ground water supply. There’s been no confirmed reports of such a thing happening. Though surface spills and drill site blowouts can lead to localized environmental concerns.
Will my water catch on fire?
Flammable water is caused by the release of methane gas into a drinking water supply. Methane gas occurs naturally and can be released by any kind of drilling, including water wells. In Pennsylvania officials fined Chesapeake Energy $1 million for contaminating ground water with methane. It was determined that the company had not properly cemented it’s boreholes and gas migrated up the well, between rock and into aquifers.
I don’t understand why your Marcellus & Utica Shale Well Map does not show any activity in PA.
The Ohio Department of Natural Resources provides all the information we use to generate our map. We haven’t been able to find a similar resource to pull well addresses from in Pennsylvania. Do you know of one we can use to add those wells?