Archive for May 7th, 2012

BLM Issues Proposed New Rule for Fracking Federal Lands

On Friday, the Department of Interior’s Bureau of Land Management (BLM) released the long anticipated new rule for hydraulic fracturing on federally-owned and Indian-owned land (see a copy of the proposed new rule embedded below). The question for MDN readers is, does this have any impact on drilling in the Marcellus and Utica Shale? The […]

NY Town Votes NOT to Ban Drilling (!)

In a somewhat unique turnabout, some townships in New York State are voting to not adopt a gas drilling ban, preferring to let the state complete it’s now four-year-long review process before making any decisions about drilling. One of those towns is Colesville:

The AP Calculates 2011 Shale Gas Revenue for PA & WV

The Associated Press (AP) did an analysis of how much natural gas was produced in Pennsylvania and West Virginia during 2011 and have run some basic calculations based on an assumed average price (last year) of $3.50 per thousand BTUs (or mBtus). The results of those calculations should put to bed any claims that shale […]

Unproductive PA Wells Still Liable for Partial Impact Fee

The price for drilling a Marcellus Shale gas well in Pennsylvania that “misses” and is not economically viable may have just gotten a lot steeper. It looks like the state Public Utility Commission (PUC), charged with collecting and distributing the new impact fee under Act 13, is going to levy the fee on exploratory wells […]

EPA Issues Draft Rule on Using Diesel Fuel in Fracking Fluid

Friday was document-dump day at the federal government. In addition to the Bureau of Land Management’s new hydraulic fracturing on federal land proposed rule (see this MDN story), the Environmental Protection Agency issued a new policy, or “Guidance” as they call it, for granting drilling permits to drillers who want to use diesel fuel as […]

Ethane Pipeline Company Sues Farmer to Gain Access to Land

Enterprise Products Partners 1,230 mile ethane pipeline from Pennsylvania to the Gulf Coast, called the ATEX Express (Appalachia to Texas), has hit a snag in Ohio and is suing a farmer who refuses to let them on the property for survey work. The proposed ATEX Express pipeline includes building 353 miles of new pipeline through […]

Many Analysts Say Chesapeake Energy Will Bounce Back

Analysts are predicting that Chesapeake Energy and its stock price is poised for a bounce-back, if CEO Aubrey McClendon follows through on promises to sell certain company assets and reduce the company’s debt load. So says an article from Bloomberg BusinessWeek on Friday:

RV Park for Shale Workers in OH Sees Strong Demand

In an indication of things to come, pipeline construction firm Price Gregory has requested 50 RV spaces for its workers in a new RV/camper park located in Morristown, OH (Belmont County)—by June 1st!

OH Bill Requires 3rd Party Verification of O&G Production

Two Ohio state Democrat representatives have introduced a new bill that would require an “audit clause” to be recorded in every oil and gas drilling lease in the state. The bill is an effort, according to its authors, to insert third party verification of production numbers reported by companies so landowners don’t have to rely […]

Marcellus & Utica Shale Story Links: Mon, May 7, 2012

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

 

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