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Author Archives: Maureen McMullen

Range Resources losses mount on low commodity prices

Struggling with lower prices for oil and natural gas, Range Resources lost $301 million in the third quarter despite aggressively cutting its operational costs and the number of drilling rigs in the field. The Fort Worth-based energy company reported late Wednesday that it lost $1.81 per diluted share compared to a $146 million profit, or 86 cents a diluted share, ...

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Cove Point terminal on schedule to help relieve gas glut

Oil Exports

Shale gas producers squeezed by prices that hit new three-year lows this week can look to the sky above Lusby, Md., for a sign of coming relief. Dominion soon expects to have 50 cranes working there on its Cove Point liquefied natural gas export terminal, the company’s senior policy adviser for federal affairs, Bruce McKay, told industry leaders Wednesday in ...

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Unemployment rate drops in NEPA

The unemployment rate in Northeastern Pennsylvania went down in September for all the right reasons, an expert says. The Scranton-Wilkes-Barre-Hazleton Metropolitan Statistical Area’s (MSA) seasonally adjusted unemployment rate decreased two-tenths of a percentage point to 6.1 percent in September. The MSA’s rate was the 15th lowest among Pennsylvania’s 18 MSAs. MSA rates ranged from 3.7 percent in the State College ...

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Pipeline firm plans Franklin open house

The Tennessee Gas Pipeline Company, the firm behind the controversial Northeast Energy Direct pipeline project, has advised federal regulators that it will be hosting an “open house” meeting in Franklin, where it plans to locate a 30,000-horsepower compressor station. However, the company said no date has been set for the meeting and no venue selected. The pipeline would parallel the ...

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Tomblin will submit plan to comply with Clean Power Plan

ROANOKE, W.Va. — Gov. Earl Ray Tomblin intends to submit a state plan for West Virginia to cut greenhouse gas emissions in compliance with the Obama administration’s Clean Power Plan, bucking calls from state and national Republicans to ignore the environmental regulations. The Environmental Protection Agency’s Clean Power Plan requires each state to cut carbon emissions from power plants by ...

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Analysis: Expect confrontation at tonight’s GOP debate with Kasich part of the fight

BOULDER, Colo. — For the past month, John Kasich has lamented that the last Republican presidential debate was merely a “demolition derby” that pushed him to the grandstands because he refused to take part. Now the Ohio governor seemingly has kicked out the glass of his campaign car and is revving up the engine for tonight’s debate in the Coors ...

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Pendleton supervisor rebuffed on gas compressor compromise

PENDLETON — Supervisor James A. Riester proposed Wednesday that the National Fuel gas compressor controversy could be solved — at least as far as Pendleton is concerned — by moving the site into the neighboring Town of Cambria. Riester’s suggestion, to place the company’s proposed compressor station near four other existing compressors off Junction Road, was rejected by the company, ...

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