Westinghouse seeks property sale in wake of bankruptcy
Friday, May 19, 2017
Westinghouse Electric Co. is asking a bankruptcy judge to permit the speedy sale of property in Westmoreland County to a subsidiary of Sunoco Logistics Partners, according to the Pittsburgh Post-Gazette.
Westinghouse, which filed for bankruptcy protection on March 29, 2017, engaged in talks with Sunoco over a year ago, planning to run two natural gas liquids pipelines across a property that houses Westinghouse’s specialty metals plant in Blairsville. Originally, Sunoco wanted to expand its existing right of way on the property. After it was ruled out as an option, the companies started discussing the sale.
Westinghouse stands to gain $920,550 out of the 72 acre-deal with Sunoco.
Learn more: Pittsburgh Post-Gazette > Westinghouse wants to sell land to Sunoco for pipeline
Leave a Comment
Marcellus & Utica Shale Well Map
Additional Shale Maps
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.