Magnum Hunter, a Houston, TX-based independent exploration and production company, issued an operational update for Q4 2011 yesterday. Following is the section reporting on their drilling operations in the Appalachian/Marcellus region:
Caiman Energy plans to bring its total investment in natural gas processing (“midstream”) facilities in Marshall County, WV to $1.3 billion by the end of 2014. At midstream processing plants like the ones operated by Caiman, raw natural gas is processed to separate out methane from other components like ethane, propane, butane and pentane, or [...]
West Virginia Gov. Earl Ray Tomblin has sent proposed new legislation to lawmakers asking for a 25-year break from business property taxes for any company investing at least $2 billion to build an ethane cracker plant in the state. There is a bidding war going on among West Virginia, Ohio and Pennsylvania to attract the [...]
A new entrant has entered the ethane cracker plant sweepstakes, this one claiming they can build a cracker plant for one-third of the cost of others. Earlier this week, Keith Pauley, president and chief executive officer of the Mid-Atlantic Technology, Research & Innovation Center (MATRIC) said that MATRIC has launched a subsidiary company, Aither Chemicals, [...]
Baker Hughes, one of the world’s largest oilfield and shale gas service companies, is building a new $40 million facility in Harrison County, West Virginia, and along with it, generating 275 new jobs. According to Baker Hughes president Paul Butero, the company plans to become a “major player” in the Marcellus Shale.
In December of 2011, West Virginia passed new Marcellus Shale drilling laws raising certain fees and putting new requirements in place (see this MDN story). The drilling industry, while saying it was not a perfect law, in the end supported it. But there was on thing the new law did not address that the industry [...]
Kanawha County, WV wants to become a leading location to convert vehicles to run on natural gas, and County Commission President Kent Carper plans to use $50,000 of county money to make it happen.
Competition to attract an ethane cracker plant is heating up. West Virginia has made no bones that they intend to be the winners of the investment that will be made to build an ethane cracker plant to be built by Shell. The plant will cost upward of $2 billion and will create thousands of jobs [...]
Pennsylvania’s rural roads are seeing upgrades because of gas drilling activity. When drilling comes to a municipality or county, and with it an increase in truck traffic, drillers step up to the plate and repair the roads that they use. Most of the time roads are left in better shape than before drilling began. West [...]
MDN chronicled the battle earlier this year between Northeast Natural Energy and the city of Morgantown, WV over Northeast’s plan to drill two Marcellus Shale gas wells near the city. In short, the Morgantown City Council tried to ban drilling both inside and outside city limits—up to one mile outside—which would have prevented Northeast from [...]
According to West Virginia officials, one of the keys to attracting an ethane cracker plant to the state is the humble railroad. In locations where there is only a single railroad line, costs are higher, so officials are discussing ways of introducing more rail competition at potential locations in the state should one of those [...]
Please see an important update at the end of this article. West Virginia’s new Marcellus drilling law is not yet a week old (see this MDN story for a summary of what’s in the new law), and already some who are unhappy with the law are talking lawsuit. The Charleston, WV Rotary Club hosted a [...]
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