Marcellus & Utica Shale Story Links: Thu, Feb 16, 2012

The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading:

BCCC begins classes to qualify workers for jobs in Marcellus Shale industry
Butler County Community College is using more than $1 million in federal grant money to link the area’s displaced workers with jobs in the booming Marcellus Shale industry.

Residents, officials react to state drilling law
Gov. Tom Corbett signed House Bill 1950 – an update to the state Oil and Gas Act that enacts fees on drilling companies – into law Monday, which nullifies local Marcellus shale ordinances across the region.

Gas drillers’ new Wild West
Philadelphia Inquirer
Pennsylvania’s long-awaited Marcellus Shale legislation, signed by Gov. Corbett this week, reflects an approach to managing the state’s resources that is reminiscent of the Wild West-style energy extraction of the late 19th century.

Marcellus Leases Make Range Resources (RRC) an Attractive M&A Target
According to Bloomberg, even though Range is the most expensive US exploration and production company — trading at 56 times expected 2012 earnings — it’s operations in the coveted Marcellus Shale field make it worth the cost.

Fort Worth-based Range Resources viewed as takeover target because of Marcellus holdings
The drilling operations of Fort Worth-based Range Resources in the huge Marcellus Shale natural gas play in Pennsylvania make it an attractive takeover target for bigger energy companies such as Irving-based Exxon Mobil or London-based BP.

Coal Country Losing Luster
While Obama’s team thinks old coal should be tossed out or cleaned up, it is also donning shale gas the new fuel champion.

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