JRS Land Co. is committed to keeping you updated on news stories from in and around the gas/oil industry.
Oil just hit $56 — its highest price in 2015
Oil peaked above $56 for the first time in 2015 on Wednesday.
It’s the fifth straight day the price for a barrel of oil has nudged up. Investors are cheering and buying energy stocks Read Full Article
US crude ends down at $48.17 a barrel; Lowest since Feb. 26
US crude closed at its lowest since February after oil inventories in the United States hit record highs… (Read Full Article…)
Wolf joins OPEC and Russia in attacking Pa.’s gas industry: PennLive letters
See where Pennsylvania’s economic growth and energy production is occurring, and do not allow this tax to choke an industry struggling with global economic forces… (Read Full Article…)
50 northeastern Pa. landowners sue gas company over leases
A group of more than 50 property owners with natural gas leases in northeastern Pennsylvania this week lodged the latest claims that the state’s largest… (Read Full Article…)
Chesapeake Hit With RICO Suit Over $5B Antitrust Scheme
A group of more than 90 landowners and other owners of royalty interests in natural gas hit Chesapeake Energy Corp. with a Racketeer Influenced and Corrupt Organiz… (Read Full Article…)
Natural gas slowdown costs at least $1.5B in capital spending in 2015
Five of the companies with significant operations here have trimmed capital spending plans by 23 percent, according to a Pittsburgh Business Times analysis… (Read Full Article…)