Late last Friday, corporate raider Carl Icahn filed what’s known as a 13D with the Securities and Exchange Commission to disclose he has taken a rather large stake in Chesapeake Energy. Friday morning MDN posted a story outlining who owns how much of Chesapeake’s stock (at least for outside shareholders)—see this MDN story. At the […]
Archive for May 29th, 2012
Brooke County Schools in West Virginia are eager to have Chesapeake Energy drill under school-owned property. But Ohio County Schools, also in WV, don’t want Chesapeake drilling near their schools. What’s the difference? One is getting a boatload of money in lease (and eventually royalty) payments. The other isn’t.
A few weeks ago the new natural gas institute at SUNY University at Buffalo (UB) released a 52-page study that found environmental problems caused by Marcellus Shale gas drilling in Pennsylvania were isolated, mostly minor and on the decline (see this MDN story for a copy of the study). The high priests of the enviro-left […]
Since 2005, smallmouth bass along a 100-mile stretch of the Susquehanna River in Pennsylvania have been hit with “outbreaks” of bacterial infections. Because of it, the PA Fish and Boat Commission wants the PA Department of Environmental Protection (DEP) to designate that part of the river as “impaired” which would free up money to conduct […]
Pennsylvania Democrats have introduced a series of six grandstanding bills into the state legislature called the “Marcellus Compact” that stand no chance of passage. But that’s not why they introduced them. The purpose is to have an issue they can demagogue as they try to win back control of one or both state houses in […]
Another story about how electric generating plants are switching from coal to natural gas. This one comes from Ohio, where Appalachian Power brought a newly completed gas-fired plant in February near Dresden. Why switch from coal to gas? It’s all in the economics. The cost of coal has skyrocketed from $43.75 per ton in 2007 […]
There’s one industry that’s been recession-proof over the past four years. Can you guess which one?
A new ruling in Pennsylvania’s Commonwealth Court will have far-reaching implications for municipalities that try to apply zoning regulations to a select part of the drilling process, like compressor stations. Compressor stations are necessary to move gas along pipelines—from the well to a point where the gas can be processed and eventually sold. A three […]
The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading: