CNX Resources sells West Virginia gathering system
Friday, April 6, 2018
CNX Resources Corp. recently closed a deal to sell a natural gas gathering system in West Virginia to its midstream master limited partnership, according to the Pittsburgh Business Times.
The deal gives CNX Midstream Partners LP a 95 percent interest in the Shirley-Pennsboro gathering system, which gathers about 180 million cubic feet of Marcellus Shale wet gas in Doddridge, Tyler, Ritchie and Pleasant counties.
The deal involves an amended gas gathering agreement and a minimum production commitment.
Learn more: Pittsburgh Business Times > CNX Midstream closes deal for gas-gathering system
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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.