Marcellus & Utica Shale Story Links: Fri, Jun 22, 2012

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

Editorial: Exporting natural gas would not hurt U.S.
USA Today
Once in a great while, the nation gets a problem that’s actually nice to have. The latest example: the huge windfall of domestic natural gas from shale deposits, and the growing debate over whether to export some of it.

Chesapeake Gets 3 More Permits for Columbiana
The Business Journal
The Ohio Department of Natural Resources issued three horizontal well permits to Chesapeake Exploration last week to horizontally drill in three Columbiana County townships.

Natural Gas Vehicles Poised to Penetrate U.S. Long Haul Trucking Fleet, IHS CERA Report Says
Vehicles fueled by liquid natural gas (LNG) are poised to penetrate heavy duty trucking due to low natural gas prices resulting from the United States’ unconventional gas boom, according to a new IHS Cambridge Energy Research Associates (IHS CERA) report. Unlike light-duty vehicles (LDVs), the economics are favorable to both vehicle owners and LNG suppliers, the report says.

Garrett County Chamber of Commerce supports shale gas development
Cumberland Times-News
The Garrett County Chamber of Commerce has adopted a position in support of Marcellus shale gas development and encourages the Maryland Department of the Environment to authorize the process of allowing for the safe extraction in the county, according to a white paper released last month.

States Lacking Shale Can’t Pour Gasoline On The Fire With Tax Hikes
The next great American energy race is on between our states, and its name is Marcellus.  The Marcellus Shale natural gas formation is being tapped across Appalachia, and its promise offers many impoverished areas a new lease on life.

Letter to Interior Secretary calls for stricter disclosure rules
Pittsburgh Post Gazette
A federal draft rule requiring disclosure of fracking chemicals is a step in the right direction, but falls short by allowing energy companies to finish drilling before they reveal the ingredients in the fluids they’re blasting into the earth.

Speakers talk about fracturing
The Advocate
Oil and gas companies need to do a better job of explaining the scientific evidence that shows hydraulic fracturing doesn’t contaminate drinking water or cause earthquakes, according to speakers at Thursday’s sessions of the LSU Center for Energy Studies Gulf States Energy Retreat.

N.J. Assembly passes bill banning businesses from fracking
The Jersey Journal
Businesses in New Jersey would be banned from treating waste created by hydraulic fracturing — a method of extracting natural gas better known as “fracking” — under a bill passed by the Assembly today.

Inflection Energy raises $22M in funding round
Business Journal
Inflection Energy LLC, a Denver natural gas exploration company, has raised $22 million from private equity investors backing its search for drilling sites in the Marcellus shale formation in Pennsylvania.

Untapped goldmine of natural gas sits below Bucks County
Communities like Nockamixon, Doylestown, Levittown and beyond could be dotted with exploratory natural gas wells in coming years, said retired engineer Bob Stanfield, who worked in the gas industry during his career.

Town supervisors call for allowing drilling in So. Tier
Olean Times Herald
Town supervisors from upstate New York have appealed to state officials to allow drilling in the Marcellus and Utica shales for natural gas in their communities.

What To Expect From A Sinopec-Chesapeake Deal
After Aubrey McClendon got Sinopec Chairman Fu Chengyu a high-profile seat on the floor at Chesapeake Arena for game two of the NBA Finals , it would be pretty embarrassing if he couldn’t convince the Chinese oil giant to fork over a few billions for some Chesapeake assets.