Noble Energy acquires Rosetta Resources
Friday, July 24, 2015
The State Journal reports that oil and gas production company Noble Energy Inc. acquired Rosetta Resources, Inc. as a subsidiary July 21. Rosetta is an independent exploration and development company for oil and gas.
Based in Houston, Noble Energy operates in the Marcellus Shale of Pennsylvania, Ohio and West Virginia as well as in Texas’ Eagle Ford Shale, Colorado’s DJ Basin and the Permian Basin in Texas and New Mexico. Rosetta has operations in the Eagle Ford Shale and the Permian Basin.
Via: The State Journal > Global oil and gas producer Noble Energy acquires Rosetta Resources, expands US portfolio
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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.