Marcellus & Utica Shale Story Links: Thu, Jul 5, 2012

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

Wayne County commissioners reach agreement on roads with fracking company
The Daily Record
The Oklahoma-based company obtained a permit from the Ohio Department of Natural Resources for a horizontal, hydraulic-fractured well in the southwestern portion of East Union Township on June 11, and before it can begin constructing the pad, it needed to have the road agreement in place.

4 Little Known Factors Driving the Price of Natural Gas
Seeking Alpha
Natural gas is not only one of the most vital energy sources in the world, but is also one of the most popular commodities.

New gas estimates in South Newark Basin prompt drilling moratorium
Allentown Morning Call
State legislators stitched a moratorium on gas well permits for much of southeastern Pennsylvania into the new state budget, but its effects are unclear.

No Response To RAFT
News Channel 34
Residents Against Fracking Tioga says it is disappointed that the Town of Owego board didn’t address hydrofracking at last night’s meeting.

Natural Gas Economics: A Look Under the Hood
Christmas comes in June for energy geeks and graph junkies. Every year, the Energy Information Administration of the Department of Energy releases its Annual Energy Outlook , a compendium of 30-tear forecasts and analyses of energy sources and uses.

Latest Ohio data on drilling permits
The Ohio Department of Natural Resources’ Division of Oil and Gas Resources Management has approved a total of 281 permits to drill for natural gas in the Utica shale.

EIA estimates WV Marcellus resource at 8.9 tcf
State Journal
West Virginia’s Marcellus shale resource is estimated at 8.9 trillion cubic feet in the June 25 release of the U.S. Energy Information Administration’s Annual Energy Outlook 2012.

Just How Much Gas Lies Beneath Bucks County?
StateImpact Pennsylvania
When the leg­is­la­ture decided to use a bud­get mea­sure last week to impose a drilling mora­to­rium in Bucks County, the pro­vi­sion seemed to be influ­enced in part by a new report issued by the U.S. Geo­log­i­cal Sur­vey mea­sur­ing nat­ural gas in an obscure for­ma­tion called the South Newark Basin. What is the South Newark Basin?

Environmental groups cry foul over drilling ban
It may surprise you, but environmentalists are up in arms over a deal to ban natural gas drilling in our region — at least for the next few years.

Morning Bell: The Energy Revolution and Its Discontents
The Heritage Foundation
With all the gloomy economic news coming out of late, one bright spot flew under the radar last week: the United States is poised to be the proverbial center of the energy universe.

Why We Agree With Icahn On Chesapeake Energy
Seeking Alpha
Carl Icahn, during an interview given to CNBC yesterday (July 3, 2012), said that the natural gas giant, Chesapeake Energy Corp (CHK), is a "very undervalued company".