U.S. shale producer Coterra Energy pleaded no contest for contaminating well water in Dimock, Pennsylvania, and will pay $16.29 million to construct a new means of water supply to its residents, the state attorney general said on Tuesday.
The Houston-based company, formerly known as Cabot Oil and Gas, will also make 75 years of water bills payments for the impacted residents, who were exposed to drinking water polluted with metals and high levels of methane.
“Under this historic settlement, Coterra will now pay to build a new public water line that will provide clean, reliable drinking water for generations to come,” said Attorney General Josh Shapiro.
Coterra took full responsibility for the environmental crimes committed, Shapiro said, adding that the agreement brought justice to the residents of Dimock, “who for years had been ignored.”
The attorney general charged Coterra in 2020 after a grand jury investigation showed that drilling unconventional gas wells by the company had been responsible for methane pollution in the local water supply.
Dimock was at the heart of the Marcellus Shale gas fracking boom that began in 2007. Residents complained that Cabot’s drilling caused methane gas to seep into their wells, to the extent that the contaminated water even caught fire.
Coterra did not immediately respond to a request for comment.
Recommended Reading
Civitas Adds Former EOG Exec Lloyd Helms to Board
2025-02-26 - In conjunction with its recent $300 million Midland Basin bolt-on, Civitas Resources has increased its board to 10 directors.
BP Cuts Renewable Investment, Boosts Oil and Gas in Strategy Shift
2025-02-26 - BP aims to grow oil and gas production to between 2.3 MMboe/d and 2.5 MMboe/d in 2030.
Q&A: Pearl Energy Investments Rides the Downturns for 250% ROI
2025-02-25 - Billy Quinn, founder and managing director of Pearl Energy Investments, leads a team that thrives amid the oil and gas investment cycles.
Slant Energy Secures Capital Commitment from Pearl Energy Investments
2025-02-25 - Newly formed Slant Energy III LLC has secured an equity commitment from Dallas-based private equity firm Pearl Energy Investments.
Chevron Makes Leadership, Organizational Changes in Bid to Simplify
2025-02-24 - Chevron Corp. is consolidating its oil, products and gas organization into two segments: upstream and downstream, midstream and chemicals.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.