Almost all the natural gas produced in the Marcellus Shale – billed by its advocates as the clean, domestic fuel of the future – is extracted from the earth using dirty diesel fuel derived from imported oil.
Some Marcellus Shale producers are beginning to practice what they preach: switching to gas-powered drilling rigs that are cleaner, quieter, and cost less than diesels.
First Reserve Corporation (“First Reserve”), a leading private investment firm in the energy industry, announced today that it has entered into an agreement to provide an equity commitment of $100 million from its Energy Infrastructure Fund to a joint venture with Energy Corporation of America (“ECA”).
By: Tara Kinsell, Staff Writer, Observer Reporter
Energy Corp. of America is one of the smaller players in the Marcellus Shale drilling operations taking place in Greene County. But, ECA is working hard to be a leader in the reduction of the carbon footprint left behind by drilling, according to Kyle Mork, vice president of eastern operations.