Archive for June 1st, 2012

Chesapeake’s Ohio Utica Drilling Program: Full Speed Ahead

An update on Chesapeake Energy’s Ohio drilling program: They just received approval for two more Utica Shale horizontal wells at sites in eastern Stark County, brining their total to 10 permits for Stark. Chesapeake has drilled four of the 10 permitted wells in Stark, although none are yet in production.

BP’s Big Plans for Ohio Utica Shale

BP, which signed a leases with some 2,000 landowners representing 85,000 acres in Trumbull County (worth $331 million) just a few months ago, will start drilling early in 2013. But in the meantime, they want to sign up even more acreage in Ohio:

Select Energy Reneges on Deal with Carroll County, OH

Select Energy Services provides water solutions and wellsite services in every major shale play in the U.S. With $1 billion in revenues and some 5,000 employees, Select Energy is a major player in both the Marcellus and Utica Shale. They also just jilted Carroll County, Ohio.

Horseheads, NY Still Considering a Ban on Fracking

As MDN previously reported, the Town of Horseheads (NY) continues to flirt with the idea of enacting a fracking ban (see this MDN story). What makes Horseheads different from the other 90 or so towns that have enacted bans in New York different is that it’s located in prime Marcellus and Utica Shale development territory—in […]

Cornell Prof Testifies Before Congress on Evils of Fracking

Cornell professors Robert Howarth and Tony Ingraffea have made a cottage industry (and have become minor celebrities) of bashing shale gas drilling. The two of them collaborated on a now discredited article in a so-called “peer reviewed” journal that claimed, fantastically, that burning coal is actually better for the environment than burning natural gas (see […]

Senate Bill Would Empower States (Alone) to Regulate Fracking

Recognizing the federal government’s voracious appetite to usurp and seize control of rights that Constitutionally belong to the states—and in an effort to curb those tendencies in the Environmental Protection Agency, Department of Interior, and Department of Energy—Senator Jim Inhofe (R-OK) introduced new legislation on March 28th that will ensure oversight of hydraulic fracturing is […]

Local Groups Discuss Gas Drilling in Madison County, NY

Citizens for Safe Energy of Madison County (NY) and The Madison County Natural Gas Development Working Group held a joint public information session on Wednesday evening to reveal findings of the Working Group’s research. One of the loud and clear messages of the evening was this advice for landowners who are contemplating leasing their land […]

Moody’s Warns Chesapeake Must Sell $7B in Assets This Year

The venerable U.S. credit rating service Moody’s Investor Service said yesterday that Chesapeake will need to sell a minimum of $7 billion in assets this year in order to avoid a credit rating downgrade by their service—and even $7 billion may not be enough. Moody’s current credit rating for Chesapeake is Ba2, which is considered […]

Marcellus & Utica Shale Story Links: Fri, Jun 1, 2012

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

 

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