Marcellus & Utica Shale Story Links: Thu, Jan 3, 2013

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

New York

New York DEC Comment Period Coming to An End…Again
Energy in Depth – NMI
The New York DEC is once again receiving public comments in the process of completing its SGEIS process on high volume hydraulic fracturing, this time on the proposed regulations themselves, which will generally govern natural gas development in the state.

Ohio

Report: Drilling just part of jobs forecast
Tribune-Chronicle
Drilling and fracking natural gas wells is only part of the picture when it comes to the Utica and Marcellus shale industry supporting nearly 39,000 Ohio jobs in 2012.

Pennsylvania

Marcellus Shale gas pipelines a growing concern in Chester County
Main Line
As the Marcellus Shale gas boom continues in Pennsylvania, scenes like the packed house at a recent Warwick Township meeting are likely to be repeated.

What a Gas Boom Looks Like in Motion
Power Line
The good folks at the Energy Information Administration have produced this stunning 22-second video that shows the boom in natural has drilling in Pennsylvania from 2005 to April 2012.

National

Buffett Like Icahn Reaping Tank Car Boom From Shale Oil
Bloomberg
Warren Buffett and Carl Icahn are reaping the benefits of surging demand for railroad tank cars to haul shale oil from beyond the reach of existing pipelines.

Natural Gas In 2013: It’s Now A Trading Sardine
Seeking Alpha
Seth A. Klarman in his iconic investment book “Margin of Safety” tells the story of how the phrase “trading sardine” entered the modern day investment vocabulary.

Two Celebrated Investors Want To Fix Their Funds–And Chesapeake Energy
Forbes.com
Nothing tests the mettle of a value investor like watching a large portfolio holding slowly and steadily melt down.

Lisa Jackson leaving EPA and path of economic destruction
Washington Times
Lisa Jackson, President Obama’s chief of the Environmental Protection Agency, resigned last week. For four years she led our nation down a regulatory path of economic destruction unmatched in the 40-year history of the EPA.

Methane leaks erode green credentials of natural gas
Nature
Scientists are once again reporting alarmingly high methane emissions from an oil and gas field, underscoring questions about the environmental benefits of the boom in natural-gas production that is transforming the US energy system.

Southwestern Energy: Marcellus Assets Shine, Gas Fundamentals Challenge
Seeking Alpha
The most significant takeaways from the report are the faster than previously guided ramp up of the Marcellus production – which suggests strong expected EURs per well and excellent economics.