Archive for April 10th, 2012

At What Commodity Price Does NatGas Drilling Stop?

How low might the commodity price of natural gas go before drillers really will quit drilling and wait for the price to go up? We’ll give you “the magic number” in a moment. But first, the (rather sketchy) rationale for how we calculate that number. It seems almost every day we hear in the mainstream […]

Chesapeake Asset Sale Raises Another $2.6B

After the trading markets in the U.S. closed yesterday, Chesapeake Energy announced three deals that will convert some of their considerable assets into $2.6 billion of cash to help fund development and cut down on debt. In a climate of continuing low commodity natural gas prices, Chesapeake has adopted a strategy of selling “non-strategic” assets […]

The EPA and Pavillion: Sloppy or Criminal?

An exceptionally well written article about the EPA and their backpedaling on their own tests in Pavillion, Wyoming appears on today’s American Thinker blog. You may recall that the EPA tried to say there is a direct link between chemical contamination of ground water supplies around Pavillion and hydraulic fracturing of gas wells in the […]

NY Customers See 50% Price Decrease from PA Marcellus Gas

Utility customers of Corning Natural Gas Corp. in New York State’s Finger Lakes region can thank their neighbors south of the border in Pennsylvania that they are now paying 50 percent less for their natural gas than they paid just one year ago. And they can also thank the energy companies who use hydraulic fracturing […]

PA Act 13 Lawsuit and its “Supporters”

The Pittsburgh newspapers want us to believe there is a huge surge of support behind a lawsuit recently filed against what is known as Act 13—a new law passed just a few months ago in Pennsylvania that updates Marcellus oil and gas drilling rules in the state. Although the law brought much-needed new regulations to […]

PVR Buys Chief Gathering/Marcellus Pipelines for $1B

Calling it a “transformational transaction” for the company, Penn Virginia Resource Partners (PVR) today announced they are buying Chief Gathering for $1 billion in cash and stock. Chief Gathering is a midstream pipeline company with assets (pipelines) located mostly in northeastern Pennsylvania in the Marcellus Shale. The deal includes existing pipeline agreements with drilling heavyweights […]

GASFRAC 1Q12 Revenues/Profits Down 25% from 4Q11

GASFRAC Energy Services, the Canadian company who pioneered and holds a patent on waterless LPG (liquefied petroleum gas) fracking technology, reports that revenues and profits for the first quarter of 2012 were disappointing. GASFRAC, you may recall, will be the vendor of choice when/if the Tioga County Landowners Group, in New York State, starts drilling […]

Marcellus & Utica Shale Story Links: Tue, Apr 10, 2012

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

 

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