Marcellus & Utica Shale Story Links: Thu, Jun 21, 2012

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

Chinese firm weighing a bid for Chesapeake assets
Business Journal
Chinese petroleum company Sinopec Corp. is considering a multibillion-dollar bid for some of Oklahoma City-based Chesapeake Energy Corp.’s assets, the Financial Times has reported.

Solobay: Tax Breaks Could Make Region ‘Energy Capital of the East’
State Sen. Tim Solobay on Wednesday joined more than 30 representatives of government, labor and business who crowded the stage in the Capitol Media Center in support of tax breaks needed to lure a Shell Chemical ethane "cracker" plant to Beaver County.

Shale-gas industry’s economic potential promoted
Youngstown Vindicator
As the shale-gas industry continues to mature in Pennsylvania, a number of opportunities remain for economic development. A panel discussion Wednesday night at the University of Pittsburgh focused on economics of the Marcellus Shale.

White proposes surtax to support cracker plant
O-R Online
Even as Gov. Tom Corbett on Wednesday highlighted the importance of bringing a petrochemical complex to Pennsylvania, a local lawmaker was introducing legislation to attract the complex and others without using taxpayer dollars.

Marcellus talk draws crowd in Buffalo Township
O-R Online
A Clean Air Council representative and other environmentalists visited Washington County Wednesday to express and discuss their concerns about air pollution relating to the Marcellus Shale natural gas development boom.

Thomas Pyle: Gasland II: Doubling Down on Wrong
While natural gas production is helping to lead an economic recovery and secure America’s energy future, the technology that has generated stunning production increases is also attracting its share of hysteria.

Catholic dioceses look at drilling
Canton Repository
Citing a responsibility to the environment, Northeast Ohio’s two Catholic dioceses have organized a program to discuss drilling and hydraulic fracturing.

Speaker: Uses, benefits of natural gas plentiful
The Advocate
The United States’ vast supply of natural gas, boosted by near ubiquitous shale formations, is generating all kinds of ideas for potential uses, from new power plants and petrochemical complexes to natural gas-powered vehicles and even exports, an LSU energy expert said Wednesday.

Encana: Strong liquids growth to balance sources of cash flow in 2013
Business Wire
In addition to the revised capital guidance, the company also increased its expected total liquids production for the year by seven percent to 30,000 barrels per day.

In Some Regions, Fracking Opponents Push Back Hard
One the richest sources of natural gas in the country covers much of New York, Pennsylvania, Ohio and West Virginia. But some residents there, who are worried about potential health risks, are growing skeptical and fighting the growing drilling process known as fracking.

BP Lease Holders Get Crash Course at Covelli Centre
WYTV Youngstown
Several hundred Trumbull County residents who signed oil and gas leases with British Petroleum gathered at the Covelli Centre Wednesday evening for an informational meeting.

What Do You Think About ‘Fracking’?
Talking Points Memo
Earlier today, TPM’s Carl Franzen flagged a study which reported that most Americans don’t know what hydraulic fracturing is – the process of extracting oil and gas from rock by pumping highly pressured water and other liquids into the ground.

Aqua America Increases Investment in Pennsylvania, New Jersey and Ohio to Address Water-Energy Nexus
Business Wire
Chairman and CEO Nicholas DeBenedictis detailed Aqua’s sustainability initiatives with respect to its growing water-energy nexus at the Citi Global Water and Renewables Investment Conference held today in New York City.

Don’t be in a hurry to sell your mineral rights
Farm and Dairy
Take a ride in eastern Ohio and it is evident the landscape is changing. In some areas, driveways for gas well sites are being constructed, well pads are being poured and drilling is commencing, all for the much-touted energy boom.

The Odd Politics of Drilling on Public Lands
I’m in Ohio this week talking to people about the Utica shale boom. I’ll have more to say later, but right now, I want to share an interesting bit of one conversation I had yesterday.