The U.S. Government Accountability Office (GAO) issued a report yesterday on the status of natural gas gathering pipelines (a copy of the full 41-page report is embedded below). We should note that the GAO issues a half dozen or more reports per day—i.e., they are a report-generating “mill” for the federal government, usually Congress—your tax […]
Archive for March 23rd, 2012
Here’s a prediction on the commodity price of natural gas from John Pinkerton, CEO of Range Resources, as delivered at the Wall Street Journal’s ECO:nomics conference this week:
Dominion Transmission is investing nearly $1.2 billion in Marshall County, WV. Almost half of that—$500 million—will be spent on a new gas processing facility near Natrium (see this MDN story). Earlier this week, Dominion officials updated Marshall County commissioners on the progress of the new facility and other projects underway.
At a conference in Charelston, WV on Thursday, Chesapeake vice president Scott Rotruck said the drilling industry needs to do a better job at reducing surface impacts from shale drilling.
Both pro- and anti-drillers addressed a Wall Street Journal conference this week called ECO:nomics—and the sparks flew. Chesapeake CEO Aubrey McClendon spear-headed the pro-drilling side with his address, and Paul Gallay, president of Riverkeeper, represented the anti-drilling side. Some of Gallay’s comments illustrate the nonsensical arguments from anti-drillers. He responded to McClendon’s vision of getting […]
Want to know more about the recently passed Act 13 law in Pennsylvania? That’s the new law essentially removing the right of local municipalities to regulate or otherwise ban drilling within their borders. Some townships are up in arms and threatening a lawsuit. The state Department of Environmental Protection wants to educate local officials and […]
Magnum Hunter subsidiary Eureka Hunter announced yesterday they are buying TransTex Gas Services, a natural gas treatment company based in Houston, TX for $58.5 million. One of Eureka Hunter’s objectives in purchasing the company is to grow the TransTex business in the Marcellus and Utica Shale. From the Magnum Hunter press release:
The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading: