Fort Worth-based Range Resources, a leading natural gas producer in the Marcellus Shale play in Pennsylvania, has taken the township of South Fayette, Pa., to court, claiming its municipal regulations are tantamount to an illegal ban on drilling.
Click here for the Pittsburgh Tribune-Review report.
Natural gas futures prices fell below $3 today--the first time that has happened in more than two years, Bloomberg News reported.
Gas dropped to $2.99 per million British thermal units this morning in contracts for February delivery on the New York Mercantile Exchange, the lowest intraday trading price since Sept. 14, 2009.
Gas futures prices have sunk 32 percent this year, the biggest annnual decline since 2006, Bloomberg said.
Lower gas prices have put a continued damper on drilling activity this year in North Texas' Barnett Shale, one of the nation's largest gas-producing areas. The Barnett rig count is only about one-third its peak level of slightly more than 200 active rigs in 2008.
A resurgent green movement is launching a multi-pronged counterattack against the shale oil and gas boom in the United States that could slow, although ultimately not stop, development.
Building upon their unexpected success in the battle against the Keystone XL pipeline that would run from Canada to Texas, a renewed onslaught from environmentalists is putting the shale industry on the defensive while adding to costs, limiting expansion and potentially scuttling major projects.
A tiny village of 37 gray homes and farm buildings in a wind-swept corner of rural eastern Germany seems an unlikely place for a revolution.
Yet environmentalists, experts and politicians from El Salvador to Japan to South Africa have flocked to the community of Feldheim, population 145, in the past year to learn how it already is putting into practice Germany's vision of a future powered entirely by renewable energy.
Four months after taxpayer-backed California solar-panel maker Solyndra filed for bankruptcy, the most sensational allegations--particularly those of cronyism--remain unproven, though public documents provide support for some of the claims.
Click here for the San Francisco Chronicle report.