Marcellus & Utica Shale Story Links: Wed, Jul 11, 2012

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

New Well Permit Issued for Columbiana County
The Business Journal
The Ohio Department of Natural Resources has awarded another horizontal drilling permit for Columbiana County for oil and gas exploration in the Utica shale.

Fracking study might need more study, geologist says
Buffalo Business First
A recent Duke University study on hydrofracking said some aquifers in Pennsylvania, near the New York border, might be at risk of contamination from chemicals used in hydrofracking because of natural cracks in the rocks.

Natural gas drilling moratorium violated Pennsylvania legislative promises
Just over a week ago, a ban on drilling for natural gas in a little-known rock formation under Bucks and Montgomery counties made its way into Pennsylvania law.

Kasich poised to ban drilling in Lake Erie
Toledo Blade
As the state steps up oil and natural gas exploration, Gov. John Kasich is expected to sign an executive order today placing Lake Erie off-limits to drilling.

Marcellus Shale: Water Wells
CBS Local
This week on the Marcellus Shale hour, Robert Mangino and Matt Pitzarella of Range Resources talk with Chris Tucker, spokesperson for Energy In-Depth and author of an article about an important new Duke University study on fracking.

Painted Post faces lawsuit over water project
A hearing will be held later this month in a lawsuit challenging a project to build a facility in Painted Post that would provide water for natural gas drilling in Pennsylvania.

Drilling Vs. Global Warming
In a recently published paper, Cornell Professor Larry Cathels says no matter how you drill it, natural gas is the way to go, to slow global warming.

How to Play Utica Natural Gas Opportunities of a Lifetime: Neal Dingmann
Business Insider
I’m cautious about the near- to medium-term forecast for natural gas. Most of these newer oil and gas plays, whether it’s the newer Utica play, or a more established play like the Bakken, have a sizeable amount of associated gas.

Canadian Pacific moving crude oil by rail
Dallas Morning News
With all the ruckus over the Keystone XL Pipeline, it’s easy to overlook what’s moving by rail.

Cramer: No bottom in sight for natural gas
MSN Money
We are seeing a dramatic slowing in drilling. We are seeing switches in budgets away from natural gas and toward oil and gassy oils in dramatic fashion.

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