Archive for May 25th, 2012

Rumor Mill: Who Owns How Much of Chesapeake’s Stock?

The rumor mill continues to churn with regard to Carl Icahn’s investment in Chesapeake Energy. The latest rumor, being circulated by the venerable Bloomberg News, says that Icahn has taken a 4 percent stake in the company. Is that good? Is it bad? Meaningful or not? Let’s give you the “news” (or rather rumor) first, […]

Chesapeake Puts 1/2 Million Leased Acres Up for Sale

Chesapeake Energy has put a lot of its western U.S. acreage up for sale—some 500,000 acres in Wyoming and Colorado—in a bid to raise $9-$10 billion in cash to cover funding shortfalls and repay loans.

Possible New Case of Methane Migration Near PA Gas Wells

A potential case of methane migration from nearby Marcellus Shale gas well drilling is being investigated by the state Department of Environmental Protection (DEP) in Bradford County, PA. Three residential water wells and two streams have high levels of methane. A Chesapeake drilling operation is located about a half mile from the residential water wells.

Important New PA Marcellus Shale Database Public Soon

Staffers at the Carnegie Museum of Natural History’s Powdermill Nature Reserve say they have assembled the most accurate database of Marcellus Shale gas wells in Pennsylvania, having worked on it for the past 10 months. However, they aren’t releasing their results to the public. Not yet at least. Because of the heavy volume of permitting […]

Ohio Passes New Drilling Law, Gov. Kasich Will Sign

Ohio’s new shale oil and gas drilling legislation (SB 315) has now passed both the House (73-19) and the Senate (21-8) and is on the way to Gov. John Kasich’s desk for his signature, which it will receive. The bill as passed is 220 pages long and wide-ranging in its scope, covering not only shale […]

Japanese Invest Big Money in U.S. Shale Gas

The Japanese have a huge appetite for U.S. shale gas and they’re investing big money to get access to it. Two Japanese and a French firm are putting up $1 billion of the $5 billion cost to build a liquefied natural gas (LNG) export terminal in Louisiana. Now all they need is government approval for […]

Shale Gas Innovation Contest IDs 12 New Technologies

Last October, the Ben Franklin Shale Gas Innovation & Commercialization Center (SGICC) announced its Shale Gas Innovation Competition. The results are now in and two organizations in State College, PA are the winners, receiving $25,000 each. Polymics LTD won for their design of a lightweight, reusable and leak-proof mat system that is used at drill […]

FracFocus.org Chemical Reporting Service Expands Rapidly

FracFocus.org, the hydraulic fracturing chemical registry website, is now just over one year old and contains detailed information on the fracking chemicals used in over 18,000 hydraulically fractured wells. FracFocus.org is an independent organization that enjoys both drilling industry and environmental group support. With over 200 drillers now submitting data to the FracFocus.org website, it […]

Marcellus & Utica Shale Story Links: Fri, May 25, 2012

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

 

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