Marcellus & Utica Shale Story Links: Fri, Apr 12, 2013

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


New York

Nothing New Under the Sun with the Natural Gas Opposition
Energy in Depth – NMI
A continuing education program on natural gas development took place in Heritage Hills, N.Y., last night, and it was an opportunity lost for the promotion of renewable energy. The opposition to natural gas looks at a clean-burning fuel and sees only a threat to renewables, when in fact it should see tremendous potential.

Pennsylvania

North America Prospect Expo in Pittsburgh infuses energy into oil, gas deals
Pittsburgh Post-Gazette
NAPE East, held for the first time in the Marcellus region this week at the David L. Lawrence Convention Center, is a giant bazaar for gas companies peddling their wares, be they a thousand acres in Ohio or pipeline right-of-way access in West Virginia. There are investment houses to finance the deals and law firms on hand to officiate the new pairings.

NAPE East: Advice from a manager of oil/gas investment
Pittsburgh Business Times
This is advice from George Sharpe, manager of oil and gas investments at Merrion Oil & Gas. Sell your minerals (to him, preferably, if you’ve got what he wants), but don’t sell all of them.

NAPE Expo in city unites shale drillers with landowners
Pittsburgh Tribune-Review
Hopes and dreams can become reality at the North America Prospect Expo, a swap meet for the oil and gas industry that’s spending three days in Pittsburgh this week, the first time it’s been held outside of Houston.

Job Applicants Jam Wyoming County Gas Expo
PAHomepage/Eyewitness News
The Jim Dillon Convention Hall at the Wyoming County Fairgrounds was jammed on Thursday with people looking for jobs. They turned out for the 2nd annual Business, Job & Gas Expo. Many of the job applicants hoped to find employment within the gas drilling industry.

Brazilian leaders express interest in Pa. shale drilling, regulation
Pittsburgh Post-Gazette
From the shale underlying Western Pennsylvania to the deep-sea oil off the coast of Brazil, emerging energy sources have policymakers and entrepreneurs from both hemispheres talking business.

Ohio

YPE Canton Brings Ohio Shale Community Together
Energy in Depth – Ohio
Young Professionals in Energy (YPE) is a non-profit energy industry networking organization with over 20,000 members worldwide. The group has more than 20 chapters and is the first and only inter-disciplinary networking and volunteer organization for young people in the global energy industry.

Drilling company pursing Rose Run leases
Zanesville Times Recorder
A group of Perry County residents has been approached about land leases, but they’re not pertaining to Utica Shale. Rather, Artex Oil Co. is asking for the rights to do seismic testing in the Rose Run rock formation.

National

If confirmed, McCarthy should avoid pitfalls of past at EPA
The Hill/Energy in Depth
As the U.S. Senate prepares for Gina McCarthy’s confirmation hearing its worth reviewing the record of the Environmental Protection Agency’s to understand the agency’s approach to overseeing the oil and natural gas industry.

Cramer’s Mad Money – Cramer’s New Favorite Oil And Gas Stock
Seeking Alpha
Noble Energy (NBL), an oil and gas major with a $21 billion market cap, is the cheapest high growth energy play. Cramer’s favorite was EOG Resources (EOG); while he still likes this company, his new choice is Noble.

Natural Gas Rises to 20-Month High After U.S. Stockpile Decline
Bloomberg
Natural gas rose to a 20-month high in New York after a government report showed that U.S. stockpiles fell more than expected last week.

Fabulous Fact: EIA Projects Oil Imports To Drop From 60% In 2005 To 32% By 2014
John Hanger’s Facts of The Day
How about this for a great, national trend: 60% in 2005; 40% in 2012; and 32% in 2014 for the oil import percentage. EIA projects that oil imports will fall in 2014 to the lowest level since 1985.

New Solar Process Gets More Out of Natural Gas
New York Times
The Energy Department is preparing to test a new way for solar power to make electricity: using the sun’s heat to increase the energy content of natural gas.

International

Shale Boom Transforming U.S. Industry to Boost BHP, CFO Says
Bloomberg
BHP Billiton Ltd., the biggest mining company, said the shale boom in the U.S. will spur an industrial revival and transform the world’s largest economy.

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