The company has acquired over 320 000 gross acres and 4200 producing wells from Devon Energy.
The company has reduced its 2020 CAPEX forecast by approximately 30%.
Ministers took the decision, which was announced on 2 November, on the basis of a report by the Oil and Gas Authority (OGA), which found that it is not currently possible to accurately predict the probability or magnitude of earthquakes linked to fracking operations.
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Aria Rose Oilfield Solutions provides in situ and 'on-the-fly' water treatment services for in-ground and above-ground water storage and treatment facilities.
Located in close proximity to the major industrial hubs on the US East Coast, Marcellus and Utica shale plays in the Appalachian basin have witnessed steady natural gas production growth over the last five-six years.
Prior to being elected president of the society, Lisa Henthorne served on its board for four years, contributing to the growth in technical programmes and member services.
The well began producing oil immediately and has been in the process of unloading the frac fluid while continuing to produce oil.