Archive for September 7th, 2011

Shell Nears Decision on Where to Build $2B Cracker Plant

Shell Oil is “nearing a decision” on where to build a multi-billion dollar ethylene cracker plant in the Marcellus region, and states in that region—specifically Pennsylvania, West Virginia and Ohio—are aggressively competing to have the plant built in their state. (See MDN’s petrochemical primer for details on how shale gas drilling relates to the chemical […]

How Much Does it Cost to Drill a Single Marcellus Well? $7.6M

A new 92-page study just released by the University of Pittsburgh (copy embedded below) takes a realistic look at the direct costs, and economic impacts, of drilling a single Marcellus Shale gas well. The study, called the “Economic Impact of the Value Chain of a Marcellus Shale Well,” looked in depth at an EQT-drilled well […]

New Penn State Study on Economic Impacts of Marcellus Drilling

A new 62-page study (embedded below) conducted by Penn State and the Pennsylvania College of Technology looks at the economic impact of natural gas drilling in PA. The study, titled “Economic Impacts of Marcellus Shale in Pennsylvania: Employment and Income in 2009,” uses a new (and according to the authors more accurate) methodology to calculate […]

Chesapeake Withdraws $25K Grant from Morgantown, WV

Yet another gas driller has decided to vote with its pocketbook against a community that insists on banning shale gas drilling.

 

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