Archive for March 28th, 2012

BP’s Big Utica Shale Deal, Leases 84K Acres in Ohio

BP has entered the Utica Shale play by signing a lease agreement with with the Associated Landowners of the Ohio Valley (ALOV) group to lease 84,000 acres in Trumbull County, OH. Not sure why, but BP and the ALOV group officially are not disclosing the terms of the deal (as you’ll see in the press […]

OOGA Comes Out Swinging Against Kasich Tax Proposal

The Ohio Oil and Gas Association (OOGA) issued a press release on Monday taking Ohio Gov. John Kasich to task for his proposal to slap a severance tax increase on the nascent Utica Shale drilling industry and use the proceeds to give taxpayers an income tax reduction. The new tax increase on drillers has been […]

After 7 Years of No Drilling, PA Families Sue to End Contract

Seven Beaver County, PA families filed a lawsuit yesterday in Common Pleas Court accusing O&G Investments of Wooster, Ohio of not drilling on their land (and not paying them) for the past seven years. The lawsuit also names Chesapeake Energy, who purchased the leases from O&G last year and who now, “at the last minute,” […]

Marcellus Waste Processing Facility Planned for Sunbury, PA

Clean Harbors Environmental Services of Norwell, Mass. has applied for a permit to build a “waste processing facility” in Sunbury (Northumberland County), PA. The facility will accept up to 1,000 tons of Marcellus Shale drill cuttings, drilling mud and other materials per day. Although the waste is not toxic, some local officials are concerned and […]

Change in Location for MarkWest Processing Plant in Ohio

A new natural gas processing plant to be built by MarkWest Energy was supposed to be built in Monroe County, Ohio, but the geography has now shifted west and the plant will be built in neighboring Noble County, Ohio instead.

Private Investors Aim Their Money at Pipelines/Midstream

Pipelines and the “midstream” are the next big investment opportunities for investors—so says an article by Bloomberg. A quick primer on the oil and gas business. Drilling for oil and gas, often referred to as exploration and production (or E&P) is what is usually called “upstream.” The term “midstream” refers to the pipelines, compressor stations […]

Fracking’s Existential Threat to Green Energy

Check out an excellent column today by Paul Driessen on the TownHall.com website. Paul is a senior policy adviser for the Committee For A Constructive Tomorrow (CFACT), and a senior policy adviser to the Congress of Racial Equality. He’s also author of Eco-Imperialism: Green Power – Black Death. In today’s column, Paul makes the point […]

Marcellus & Utica Shale Story Links: Wed, Mar 28, 2012

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

 

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