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Posts Tagged ‘Marcellus Shale’

Needed: Guiding Principles for Offshore Oil & Gas Operations

Posted in gas, Offshore Energy - General, oil, tagged , , , , on October 4, 2010| Leave a Comment »

While unveiling their “Guiding Principles,” Kathryn Klaber, Executive Director of the Marcellus Shale Coalition, said this:

We’re all in this together. We’re all only as good as whoever had a mistake this morning.

That this statement also applies to offshore oil and gas operations should now be painfully obvious to all.  Each company’s success is dependent upon every other company’s performance, not just in your region, but anywhere in the world.  The offshore industry needs to clearly and succinctly describe its universal commitment to safety and environmental protection.  Sweeping principles that guide all operations should be developed and endorsed by every operator and contractor.  The Marcellus document is a good starting point, but more details may be needed. Commitments to sharing and analyzing verified incident data, participating in standards development, assessing new technology, and sponsoring safety and environmental research should be included. Now is the time to act.  Who will provide the regional and international leadership?

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Happy Valley Thanks Terry and Kim Pegula (and the Marcellus Shale)!

Posted in Uncategorized, tagged , , , , , , , , on September 19, 2010| Leave a Comment »

Kim and Terry Pegula flanked by PSU President Graham Spanier and Athletic Director Tim Curley

Penn State, often known as Happy Valley, is now also Hockey Valley, thanks to an $88 million donation to fund a new ice arena and establish NCAA Division I hockey programs for men and women.  The donation was made by Terry Pegula, a Penn State petroleum and natural gas engineering graduate, and his wife Kim.  The Pegulas recently sold their exploration and development company, East Resources, to Shell for a reported $4.7 billion.  East Resources has extensive holdings in the Marcellus Shale, a major component of the emerging “natural gas revolution” in the US.

Although Terry and I had the same major at Penn State, he graduated two years after me and I did not know him.  Nonetheless, I want to congratulate Terry for his phenomenal success and generosity.  The Pegulas’ unprecedented contribution will have major recreational, economic, and social benefits for Happy Valley and all of Central Pennsylvania.

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