x Bookmark The Joint Landowners Coalition of New York (JLCNY), a 77,000-member umbrella organization for New York landowners interested in leasing their property for natural gas drilling, announced yesterday they will move forward with a lawsuit against New York State on behalf of their members. The group has decided to litigate in light of the [...]
x Bookmark MDN Editor Jim Willis is freshly (or rather unfreshly) back from Columbus, Ohio today. We’re publishing a single story—an important one—about the impending lawsuit from the Joint Landowners Coalition of New York against the State of New York. We will bring you the rest of our Utica Shale conference notes and all of [...]
x Bookmark MDN editor Jim Willis is in Columbus, Ohio attending the 2nd Utica Shale Development & Growth Forum. Jim is moderating a panel today (Wednesday) called “Utica from the Media’s Perspective.” On the panel with me are Bob Downing, staff writer with the Akron Beacon Journal, Rick Stouffer, editor of Platts Gas Business Briefing, [...]
x Bookmark It’s D-Day (Decision Day) in New York. Today, Feb. 27, is the final day for the Dept. of Environmental Conservation to release new fracking rules or the process is once again delayed—by at least 45 days and likely much longer. What can we expect? Nothing. Gov. Andrew Cuomo has proven he’s indecisive and [...]
x Bookmark Although the evidence has always been there for all to see, it’s now abundantly clear that New York’s Democrat party wants to outright kill oil and gas drilling in the state. They prefer economic suicide to facing down the fracking extremists in their own party. Yesterday, 30 Assembly Democrats, led by the nose [...]
x Bookmark Range Resources, the first company to drill a horizontal Marcellus Shale well (in 2004) released it’s fourth quarter and entire year results for 2012 yesterday. Among the highlights: Range reported producing an average 753 million cubic feet per day of natural gas over the entire year—36% more than 2011. By the end of [...]
x Bookmark Last June MDN told you about GPX, a Texas-based seismic surveying company doing work in Pennsylvania for the oil and gas industry that was caught trying to sneak in illegal aliens to work on their surveying crews in PA (see Surveying Company Caught Sneaking Illegal Immigrants to PA). Those in charge faced the [...]
x Bookmark The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading:
x Bookmark Another post from energy analyst Richard Zeits on the Seeking Alpha website—this time about the tremendous amount of natural gas Cabot Oil & Gas is mining in Susquehanna County, PA. Zeits says the gas Cabot is finding and selling “may be material to the U.S. supply.” You read that right. One “little” oil [...]
x Bookmark Gastar loves Marshall County, WV. Why? They not only find just natural gas when they drill in Marshall, they also find “wet gas” or natural gas liquids too. Gastar plans to drill another 19 new wells in Marshall this year. However, there is a cloud with Gastar’s silver lining: Lack of pipelines will [...]
x Bookmark Wonders never cease. The Associated Press has actually written an article about the true costs of what “just a few more weeks of delay” in New York State really means to the state’s landowners—how it’s crushing them. The article looks at three struggling landowners—people who need New York to get off the dime [...]
x Bookmark A push poll (with loaded questions) commissioned by anti-fracking group Chesapeake Climate Action Network found (surprise!) 78% of Marylanders want to study fracking to death before they allow it in the state. Does anyone really think this was a legitimate poll? Not when you see the question they asked…
x Bookmark In last week’s fourth quarter earnings call, Chesapeake Energy senior management once again singled out Columbiana and Carroll counties for special recognition and to express their ongoing commitment to the Ohio Utica Shale. A few interesting highlights from that call:
x Bookmark Aqua America is one of the largest U.S.-based, publicly-traded water utilities with almost 3 million residents in Pennsylvania, Ohio, North Carolina, Illinois, Texas, New Jersey, Indiana, Virginia, Florida and Georgia. They also have a joint venture with Penn Virginia Resource Partners called PVR Water Services which provides water to Marcellus drillers in Pennsylvania. [...]
x Bookmark Stone Energy released fourth quarter and full year 2012 financials and an operations update yesterday. The company reported net income for 2012 totaled $149.4 million, or $3.03 per share, on revenue of $951.5 million compared with 2011 net income of $194.3 million, or $3.97 per share, on revenue of $869.9 million. CEO David [...]
x Bookmark MDN does not usually report on people moves (perhaps we should do it more often). However, we thought this one was noteworthy, so we’re bringing it to you. Oleg Tolmachev has just become Vice President of Drilling and Completions for Eclipse Resources. Eclipse is a driller in the Marcellus and Utica Shale. What [...]
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