Marcellus & Utica Shale Story Links: Wed, May 30, 2012

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

Chesapeake Valuation Could Lure Major Oil Deal
Bloomberg Businessweek
Chesapeake Energy Corp.’s depressed valuation is making the company a potential target for acquirers willing to bet that natural-gas prices will rebound from a decade low.

DeWine Lauds Drilling Rules, Seeks Authority on Leases
The Business Journal
State Attorney General Mike DeWine says he is pleased with tougher laws approved by the Ohio Legislature governing the oil and gas industry, but would like greater power to intervene on disputes involving landowners.

A Love Affair with Fear: The Campaign Against Hydraulic Fracturing
Energy in Depth – NMI
If Orson Welles and War of the Worlds taught us anything, it is that Americans have a love affair with the mysteries of the unknown.  Generating hysteria regarding the unfamiliar just isn’t that difficult because we’re all vulnerable.

Orion drilling company headed to area, looking to hire local people
WJAC Johnstown
A Texas-based Marcellus Shale company is headed to the Dubois Regional Airport. Orion Drilling company, which is headquartered in Corpus Christi, told 6 News that construction for its Pennsylvania facility will begin this summer.

Making the Switch from Oil to Gas
WNEP-TV Moosic
It is hard to think heating when it feels like summer, but natural gas utility UGI says it is swamped with work getting ready for the upcoming winter.

Oil and Gas Boom Leads to Rapid Growth for Business
WYFX-TV Youngstown
The success of the oil and gas industry is trickling down to many different industries in the Valley, and one New Waterford company is looking at possibly doubling in size in the next year.

Carrizo Oil & Gas: Creating A Competitive Advantage
Seeking Alpha
Carrizo Oil & Gas believes in the simple, logical strategy that if everyone is selling an identical product at the same price, one wins by having the lowest cost of bringing it to market.

Hayes seeks drilling permit; injection wells probed
Athens NEWS
In the latest developments in Athens County’s ever-evolving oil-and-gas drilling prospects, a local developer has now applied for a permit to open a new vertical well in Rome Township.