Atlas Energy, Inc.

Submitted by neilzusman on Tue, 08/24/2010 - 05:23

Publication Type:

Web Article

Authors:

Atlas Energy,

Source:

(2010)

URL:

http://www.atlasenergyresources.com/

Keywords:

companies

Notes:

On Aug. 17, 2010, The Associated press reported that the Pennsylvania Department of Environmental Protection fined Atlas Energy nearly $100,000 for a wastewater spill that contaminated a Washington County watershed.

Environmental officials said Atlas allowed hydraulic fracturing fluids used to drill in the Marcellus Shale to overfill a wastewater pit and contaminate a tributary of Dunkle Run.

DEP officials said the spill happened in early December 2009. Environmental officials say Atlas corrected the problem but failed to report it to the DEP.

See: Pennsylvania lawsuit says drilling polluted water.

Feb. 16, 2010.

AVELLA, Pennsylvania (Reuters) – A Pennsylvania landowner is suing an energy company for polluting his soil and water in an attempt to link a natural gas drilling technique with environmental contamination.

George Zimmermann, the owner of 480 acres in Washington County, southwest Pennsylvania, says Atlas Energy Inc. ruined his land with toxic chemicals used in or released there by hydraulic fracturing.

Water tests at three locations by gas wells on Zimmermann’s property — one is 1,500 feet from his home — found seven potentially carcinogenic chemicals above “screening levels” set by the U.S. Environmental Protection Agency as warranting further investigation.

Atlas Energy, Inc. (NASDAQ: ATLS) formerly Atlas America, Inc. ("Atlas Energy" or "the Company"), has been engaged in the energy industry since 1968 and is currently a leading producer in the Marcellus Shale.

The company is also one of the largest producers in the New Albany Shale in Indiana, the Antrim Shale in Michigan and the Chattanooga Shale in Tennessee. Atlas Energy is the country's leading sponsor and manager of tax-advantaged energy investment partnerships that finance the exploration and development of natural gas. Over the last five years, Atlas Energy has raised in excess of $1.5 billion through its drilling programs.

See: Big Money Drives Up the Betting on the Marcellus Shale

See: Pennsylvania lawsuit says drilling polluted water