New legislation will be introduced in the New York Assembly today to extend the moratorium on fracking in New York State until either June, or “the end of” 2013, depending on the news source. MDN previously warned that this was coming (see this MDN story). The bill will be introduced in the Assembly by Robert […]
Archive for January 18th, 2012
An article in Bloomberg Businessweek takes a look at the profound impact shale gas is having on the cost of energy in the United States. One of the biggest eye-poppers in the article: The average price of wholesale electricity has dropped 50 percent on average since 2008. Why? Because electrical generating plants are switching from […]
The following brief is purely for your entertainment purposes, to illustrate how loony the anti-drilling opposition can get. Yesterday, at a rally in Harrisburg, PA to protest new Marcellus Shale drilling legislation, a Lutheran pastor laid claim that the Bible says we shouldn’t frack.
Range Resources, one of the largest drillers in the Marcellus Shale in Pennsylvania, just posted year-end results and said that despite selling their Barnett Shale acreage, 2011 was the eighth consecutive year of double-digit gains for the company. In the Marcellus, Range doubled their output from 2010 levels.
Enerplus Corp. , a Calgary-based oil and gas producer, has approved an $800 million capital spending program for 2012 the company expects will help boost production 10 percent. Of that $800 million, Enerplus will spend $190 million (24 percent) in the Marcellus Shale, focused primarily on drilling to delineate and retain leases. The target is […]
More details have become known about a proposed new liquefied natural gas (LNG) exporting facility to be built by Gulf Coast LNG Export. The facility, if approved by the U.S. Department of Energy, would be the country’s largest LNG exporting facility, exporting some 2.8 billion cubic feet of natural gas per day to other countries.
The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading: