Archive for June 5th, 2012

Chesapeake Selling 337K Utica Shale Acres, Counties IDed

MDN started seeing references yesterday to a story that Chesapeake Energy has put some of its Ohio Utica Shale acreage on the auction block. First came stories that Chesapeake says the value of each acre it controls in the Utica Shale is worth between $13,000 and $17,000:

Chesapeake Caves to Pressure, Will Replace Half its Board

Chesapeake Energy, in a bid to keep the company from being sold, has caved to demands from its two largest shareholders to replace half of its board of directors. Investment firm Southeastern Asset Management, which holds 13.6% of Chesapeake stock, and corporate raider Carl Ichan, who didn’t own any Chesapeake stock a month ago but […]

PA to Grant $1.7B in Tax Credits for Shell Cracker Plant

The AP is at it again. This time they’ve taken aim at Pennsylvania Gov. Tom Corbett over the proposed new ethane cracker plant that Shell announced they would build in Beaver County, PA (see this MDN story for background). The breathless headlines are that (gasp) Pennsylvania will have to grant Shell $66 million a year […]

Is Frack Sand a Health Risk?

The hydraulic fracturing process uses sand—a lot of sand. The sand is used as a “proppant” to prop open the cracks created during the fracturing process. But it’s not just your ordinary seaside sand that is used. It’s a special kind of sand that is almost 100% crystalline (pure). When that sand gets into the […]

Gulfport Energy Gets Active in Ohio’s Utica Shale

Gulfport Energy Corporation is an Oklahoma City-based independent oil and natural gas exploration and production company. Most of Gulfport’s oil and natural gas drilling operations are located along the Louisiana Gulf Coast and in the Permian Basin in West Texas. However, Gulfport has acquired acreage and is starting to make moves the Utica Shale of […]

New IEA 5-Year Report Says Natural Gas Future is Bright

In a new report released earlier today at the World Gas Conference in Maylasia, the International Energy Agency (IEA) paints a rosy five-year picture for natural gas around the world. You may recall that last week the IEA released their “golden rules” for shale gas drilling (see this MDN story). The report released today says […]

Surveying Company Caught Sneaking Illegal Immigrants to PA

A strange-but-true story: GPX, a Texas-based seismic surveying company doing work in Pennsylvania for the oil and gas industry, was caught trying to sneak in illegal aliens to work on their surveying crews in PA.

Marcellus & Utica Shale Story Links: Tue, Jun 5, 2012

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

 

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