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To help lower its carbon footprint, Washington D.C. is taking power from Pennsylvania in the form of wind. The District of Columbia has cut a deal with the Iberdrola Renewables, a Spanish company, for wind power from Iberdrola’s South Chestnut Wind Power Project located in Fayette County, Pennsylvania. The power will be generated by the projects 23 wind turbines. According ...

The Pennsylvania Department of Environmental Protection (DEP) has shared that the new proposed drilling regulations won’t be including a few specific things. The final drafts of the Chapter 78 and 78a drilling regulations, which regulate environmental standards for conventional and unconventional surface drilling for oil and gas well site, have officially been released by the DEP. However, the new draft ...

The Pennsylvania Department of Environmental Protection has announced it will be conducting a public hearing regarding a proposed power plant. The proposed power plant would be located in the Borough of Jessup, Lackawanna County and will be a 1500-megawatt natural gas fired power plant.  The point of the public hearing is to hear testimony regarding the plant’s air quality plan.  ...

Even though the price of crude oil is dropping rapidly, gas prices in the area are increasing and may continue to escalate throughout the week due to an “unexpected issue” at the BP Whiting Refinery in Whiting, Indiana, which is the largest refinery in the Midwest. The refinery will produce around 11.5 million fewer gallons of gasoline a day if ...

HARTFORD, Conn. — The mild summer so far has allowed New Englanders to often turn off their air conditioners, helping cut costs with reduced demand for electricity. An abundance of natural gas and more efficient power plants have helped reduce the wholesale price of energy, a respite from soaring heating costs in the winter, said ISO-New England, the region’s grid ...

Everyone knows the energy industry has been in a major slump over the last several months, but to see how bad it has really gotten all you need to do is take a look at stock prices. Several, if not all, of the companies in the energy industry have all taken some sort of cut, whether it’s job cuts, budget ...

Activity in the Utica and Marcellus Shale formations in Ohio have seen some changes compared to the last well activity update, and apparently those operating in the Utica aren’t doing so well when it comes to the stock market. Due to low commodity prices, drillers and investors involved in the energy industry, specifically the oil and gas sectors, have taken ...

While Pennsylvania Governor Tom Wolf is trying with all hit might to hang on to his proposed budget plan and the state’s economic future in natural gas, it is hard to ignore rumors about natural gas selling for only 60 cents per thousand cubic feet (MCF). According to Penn State Marcellus Center for Outreach and Researcher Director Tom Murphy, there ...

Thanks to low commodity prices, drillers and investors in the oil and gas industry have taken several negative hits, and those hits are certainly visible when it comes to drillers in the Utica Shale formation. On Friday during a second-quarter earnings call, Magnum Hunter Resources Corp. CEO Gary Evans explained that there is a dramatic prices difference in oil and ...

If Magnum Hunter Resources Corp. can close two deals, the company would be bringing in some major cash. The company has the potential to close two major deals by the end of August, and one of the deals would bring in over $500 million.  Magnum Hunter is looking to sell its interests in its Eureka Hunter Midstream pipeline system, which ...