Archive for May 1st, 2012

Breaking: Chesapeake to End FWPP Early, Searches for New Chairman

Still reeling from a press pounding, the Chesapeake Energy board of directors today announced that they and CEO Aubrey McClendon will end the Founders Well Participation Program (FWPP) early—on June 30, 2014 (18 months before it was due to end). The program grants McClendon the right to up to 2.5 percent ownership in each well […]

EPA Administrator Al Armendariz Resigns over Crucify Comment

Al Amrendariz, EPA Region 6 administrator (Texas and surrounding states) has been hoist by his own petard. Yesterday he resigned—in disgrace. It seems nearly everyone (but anti-drillers) were calling for his resignation after a video of Armendariz came to light where he outlined his philosophy of enforcement against energy company “violators” to that of the […]

Graph Showing NatGas Rig Count vs NatGas Price

In a Reuters news story about the Energy Information Administration’s (EIA) latest report showing natural gas production fell slightly in February, we get the following graphic which MDN found interesting. It shows the Baker Hughes rig count (number of natural gas drilling rigs) plotted as one line, with the second plotted line representing natural gas […]

SRBC Lifts PA Water Withdrawal Restrictions, Drilling Resumes

There is no official notice posted on the Susquehanna River Basin Commission’s (SRBC) website, but according to a Reuters news story, the SRBC has lifted its temporary ban on water withdrawals implemented two weeks ago on April 18. Hydraulic fracturing uses a lot of water. Drillers get the water from various sources, most often rivers […]

Chesapeake’s Stock Moves Higher on Analyst Comment

A little good news for Chesapeake Energy. Chesapeake’s stock opened at $18.05 yesterday, and closed at $18.44, a 2.2 percent boost. The price remains significantly down from the over $35 per share price it had been trading it within the past year, but still, a movement up is a good thing. If you’ve been reading […]

New Water Pipeline Reduces Water Truck Trips in PA

Aqua America and Penn Virginia Resource Partners (PVR) issued a press release yesterday to call attention to a recently completed private pipeline project in the Marcellus Shale in north-central PA. What’s new and different about this pipeline is what it carries: water. The newly completed pipeline supplies water to drilling sites without the need for […]

Scranton Suburb Ends Objection to Shale Cuttings at Landfill

Opposition from a local township to a landfill outside of Scranton, PA that sought and was granted a permit to accept more shale cuttings has ended. Keystone Sanitary Landfill, a privately owned and operated municipal solid waste landfill located in Dunmore, PA applied to increase the daily volume of shale cuttings (leftover rock waste from […]

Marcellus & Utica Shale Story Links: Tue, May 1, 2012

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


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