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4/18/2012: Loans for Chesapeake's CEO; concerns continue over NEPA compressor station.

Written by Laura Olson on . Posted in Daily Headlines

- A Commonwealth Court judge said he hopes to rule by Monday on whether the gas-drilling industry and top Republican legislators should be permitted to intervene in a lawsuit challenging the state's new Marcellus Shale law. (Post-Gazette)

- Chesapeake CEO Aubrey McClendon has borrowed as much as $1.1 billion over the last three years against his stake in thousands of company wells, which some say raises the potential for conflicts of interest. (Reuters)

- State regulators and natural gas company officials faced nearly two hours of questions from northeastern Pennsylvania residents about safety, air pollution and eroded public confidence related to a recent natural gas compressor station explosion. (Scranton Times-Tribune)

- Legislation to address a controversy over doctors' access to trade secret information under Pennsylvania's new Marcellus Shale drilling impact fee law is being drafted by a Democratic senator. (Scranton Times-Tribune)

- And one I forgot to include yesterday: while venerable U.S. Steel contemplates a move out of Downtown, some of the region's newer corporate players in the oil and gas industry might be looking to do the exact opposite. (Post-Gazette)