Dominion Gas
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| Richmond, Virginia-based '''Dominion Resources, Inc.''', aka ''Dominion Gas'' or [[Dominion Transmission Inc.]] (NYSE: D) is a public utility which owns drilling rights to about 600 to 800 thousand acres of the [[Marcellus shale]]. It sold roughly 115 million acres to [[Antero Resources]], but retains a 7.5% royalty on any gas production from this acreage. | Richmond, Virginia-based '''Dominion Resources, Inc.''', aka ''Dominion Gas'' or [[Dominion Transmission Inc.]] (NYSE: D) is a public utility which owns drilling rights to about 600 to 800 thousand acres of the [[Marcellus shale]]. It sold roughly 115 million acres to [[Antero Resources]], but retains a 7.5% royalty on any gas production from this acreage. | ||
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| ''Dominion Gas LLC'' was purchased by Houston, Texas-based ''Linn Energy'' in 2007. | ''Dominion Gas LLC'' was purchased by Houston, Texas-based ''Linn Energy'' in 2007. | ||
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| + | In March, 2010, Dominion sold 500,000 acres of its remaining Marcellus shale leasehold to [[CNX Gas Corporation|CONSOL/CNX Gas]] in an all cash sale for $3.475 billion. | ||
Revision as of 21:41, 15 March 2010
Richmond, Virginia-based Dominion Resources, Inc., aka Dominion Gas or Dominion Transmission Inc. (NYSE: D) is a public utility which owns drilling rights to about 600 to 800 thousand acres of the Marcellus shale. It sold roughly 115 million acres to Antero Resources, but retains a 7.5% royalty on any gas production from this acreage.
According to an October, 2008 report Dominion Gas had a well fire in Leidy Township, Clinton County, Pennsylvania and had to bring in a specially trained fire-fighting team from Texas in order to control it.
A November, 2008 report found Dominion Resources, Inc. leasing gas storage and possibly planning to drill on the Westmoreland Glass Factory site in Grapeville, Pennsylvania about 30 miles east of Pittsburgh in Westmoreland County. The site is controlled by the Beacon Redevelopment Industrial Corporation.
Dominion Exploration and Production Inc is reported to be in the process of drilling several wells in Indiana County, PA which is approximately forty miles northeast of Pittsburgh.
A report in December, 2008 indicated Dominion had won its lawsuit, Penneco Pipeline Corp, et al versus Dominion. Penneco had taken out hundreds of leases on land already leased to Dominion and used for gas storage. The court affirmed Dominion's right to the land, and that any wells drilled by Penneco on Dominion's leases would have to be transfered to Dominion.
Dominion Gas LLC was purchased by Houston, Texas-based Linn Energy in 2007.
In March, 2010, Dominion sold 500,000 acres of its remaining Marcellus shale leasehold to CONSOL/CNX Gas in an all cash sale for $3.475 billion.
