Marcellus & Utica Shale Story Links: Thu, May 24, 2012

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

Will Truckers Ditch Diesel?
Wall Street Journal
Rising diesel costs last year forced Waste Management Inc. to charge customers an extra $169 million, just to keep its garbage trucks fueled. This year, the nation’s biggest trash hauler has a new defensive strategy: it is buying trucks that will run on cheaper natural gas.

Will The Rise In Natural Gas Curb The Fall Of Chesapeake?
Seeking Alpha
The price of natural gas continues to recover: The short-term future price has reached its highest level since the end of January 2012. This price hike in natural gas is also reflected in the spike in United States Natural Gas (UNG). Will this rise in natural gas help curb the fall of Chesapeake Energy (CHK)?

The Media Has Confused Investors About The Problems At Chesapeake Energy
Seeking Alpha
I’m a disgruntled Chesapeake shareholder. But while I’m disgruntled, I will remain a shareholder and actually think adding Chesapeake Energy (CHK) at current stock prices is a pretty attractive proposition.

Chesapeake’s Lesson For The Oilpatch
Seeking Alpha
The problems of Chesapeake Energy (CHK) come down to one word: Costs. Natural gas prices simply fell well below what Chesapeake was paying to exploit the eastern Marcellus Shale. At $2/mcf, even at $2.36/mcf, the company could not make money. That lesson may be about to hit oil producers.

Local companies awarded $50,000 for innovative Marcellus Shale products
Centre Daily Times
Two collaborations between Penn State and local companies are sharing $50,000 in awards for creating innovative products related to the development of the Marcellus Shale natural gas play.

‘Peer-reviewed’ Label Pulled From UB Shale Study
WGRZ-TV Buffalo
The University at Buffalo has removed the "peer-reviewed" label from a document touting a recent study on natural-gas drilling and hydraulic fracturing, acknowledging that it may have given an "incorrect impression."

The Marcellus Institute to Offer Summer Camp
The Marcellus Institute at Mansfield University is offering The Marcellus Camp for students in grades 10-12. The camp will take place on campus from July 8-10.

Horseheads weighs fracking ban (requires subscription)
The Town of Horseheads could become the latest battleground in the debate over high volume hydraulic fracturing in New York.

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