Range Resources has agreed to pay the largest the Pennsylvania has ever imposed on the shale gas industry
Calgary-based oil firm Baytex will pay $1.8 billion, plus assumed debt of approximately $744 million
The company had proposed to hunt for oil in shale rock layers in enclaves surrounded by the park using hydraulic fracturing
The company was granted an injunction to set up a buffer zone around its equipment after protests outside its compound in October turned violent.
Natural Resources Commissioner Joe Balash said the administration is considering a potential equity stake of 20 per cent to 30 per cent
Enbridge’s application to regulators argues that the project is “needed and in the public interest.”
Shale gas exploration had been suspended in Britain last year after series of small tremors
Across the entire manufacturing sector, TD says $50 billion can be shaved off energy input costs annually.
Company says it will buy all of Bakken shale assets for $1.6-billion in cash
Delta bought the refinery near Philadelphia earlier this year