New 1-Mile Railroad Siding in Utica Shale will be “Game-Changer”
If you’ve read MDN for any length of time, you know we love a good railroad story. Here’s another one, this one in the Utica Shale…
Archive for 'Economic Impact'
Marcellus Will Produce More Supply than Demand in NE – This Summer!
A shocking observation from RBN Energy founder Rusty Braziel that he made last week at the Bentek Benposium event in Houston: Northeast demand for natural gas will be almost entirely met from local Marcellus production in the coming years. Starting this summer, the region will produce more supply than total demand! Implication? “Significant re-plumbing of [...]
Moody’s Report: Shale is Here to Stay, Gives U.S. Huge Advantage
A 16-page, $550 report from Moody’s Investors Service released on Monday says shale drilling in the U.S. is here to stay, gives America an ongoing advantage over
IEA Says American Shale Creating an Oil “Supply Shock” Worldwide
Earlier this morning in London, the executive director of the International Energy Agency (IEA) made some starting statements and predictions about the abundance
How Much (in Total) is an Acre in the WV Marcellus Worth?
An editorial written by David McMahon, co-founder of the West Virginia Surface Owners Rights Organization, says by his estimates each Marcellus Shale acre is worth
Interesting Facts Emerge from Behind the Low Rig Count Headlines
The headlines blare the news: The Baker Hughes rig counts are at an 18-year low for natural gas drilling rigs operating on U.S. soil. However, when you dig
NY Company Sells Frack Wastewater Technology to PA Site
Even though New York State is an economic and jobs-creating disaster area with no prospect of shale drilling to lift it from the economic basement any time soon, some New York-based companies are still profiting from the shale boom–that is the shale boom happening across the border in Pennsylvania. One such company is R3 Fusion, [...]
Manhattan Institute Study: Lifting NY Frack Ban Would Mean Billions
The New York-based Manhattan Institute, a non-profit think tank with a mission “to develop and disseminate new ideas that foster greater economic choice and individual responsibility,” released a new report yesterday titled, “The Economic Effects of Hydrofracturing on Local Economies: A Comparison of New York and Pennsylvania” (full copy embedded below). The report finds that if New York [...]
Report: Benefits of NatGas Production/Exports for Small Biz
The nonpartisan, nonprofit advocacy, research and education organization the Small Business & Entrepreneurship Council (SBE Council) published a new report last week titled “The Benefits of Natural Gas Production and Exports for U.S. Small Businesses” (full copy embedded below). The report looks at the period 2005-2010 and the rocket growth in jobs and new small businesses created [...]
OH Company Builds Units to Convert NatGas to Diesel
Ohio company Velocys, located in Plain City, just outside Columbus, has just opened for business and the impact for both the Utica and Marcellus Shale region could be huge. The company makes machines (based on 1920s technology from Germany) that convert natural gas into diesel fuel. Right now diesel is about 6 times more expensive [...]
Cuomo: We’re Not Touching the Frack Issue During Economic Talks
Logic has taken a vacation in Albany, NY. Gov. Andrew “The Ditherer” Cuomo is holding closed-door meetings to discuss how to spark economic development in the most taxed, most regulated, least business-friendly and most welfare beneficent state in the country (does that give you a hint why we’re in trouble?). The one thing Cuomo and the “brains” [...]
Chevron to Build New (Big) Regional HQ in Pittsburgh Suburb
Chevron has just stepped up its commitment to the Marcellus (and Utica) Shale region by purchasing 61 acres, including a Kmart that’s about to close, in Moon Township, PA, a suburb of Pittsburgh. Rumor has it that Chevron will build a new 350,000 square foot office complex that will house upward of 1,750 employees when [...]
NW PA Hose Company Expands, Hires 35 People for Marcellus Work
Yet another example of how the Marcellus and Utica Shale supply chain is putting people back to work–this time in northwestern Pennsylvania’s Millcreeek Township (Erie County). All-American Hose recently hired 25 full-time employees and 10 temps and has reopened a closed plant in the process. Why? To manufacture polyurethane hoses used in the Marcellus and Utica [...]
No. of US Shale Wells Up 44% in 2011, Drilling Money Up 88%
How much money was spent, and how many shale oil and gas wells were drilled in the U.S. in 2011 (the latest year with full statistics)? The American Petroleum Institute, the industry’s largest trade association, knows. And the numbers may surprise you…
Corbett Story Changes: Decision on PA Cracker Plant Delayed Again
In what looks to be like more backpedaling, PA Gov. Tom Corbett told the Pittsburgh Business Times on Friday he now doesn’t expect a final decision on whether Shell will build a new $2 billion ethane cracker plant in Monaca, PA until 2014. Last December he said Shell needed another six months (until the end [...]
New Processing/Fractionation Plant Coming to Tuscarawas County OH
MDN first told you about a new natural gas processing and fractionation plant that may be coming to Tuscarawas County, OH back in early March (see Kinder Morgan to Build Processing & Fractionation Plants in OH?). Good news for Ohioans—Kinder Morgan has confirmed that the necessary EPA permits have been secured and once they have [...]
Loading ...
