Marcellus & Utica Shale Story Links: Fri, Feb 22, 2013

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

New York

Chamber to NY: Approve gas drilling
Press & Sun-Bulletin
The message to the state Legislature from the Greater Binghamton business community: Approve natural gas drilling, oppose a minimum-wage increase and finally act on the long-promised mandate and regulatory relief initiative.

Another Natural Gas Ploy by the Plymouth Plantation
Energy in Depth – NMI
Meetings in Plymouth, New York have turned into a “let’s see who drove here today” phenomenon as natural gas opponents ask Pennsylvania residents to drive over an hour to talk for five minutes to a board who has already decided to wait on the DEC’s decision on natural gas development before making its own.


Chesapeake Reports Promise of New Utica Results
Youngstown Business Journal
Oklahoma City-based Chesapeake Energy Corp. said Thursday that its drilling operations in eastern Ohio’s Utica shale continue to show promise in what the company calls the core of the play, although production was hampered last year for want of pipeline infrastructure.

Oil lobby says it’s still against tax plan
The Columbus Dispatch
The Ohio Petroleum Council harshly criticized Gov. John Kasich when he formally reintroduced his “fracking” tax on Feb. 4, calling it “a hefty tax increase that will harm job growth.”

Daily Jeffersonian OpEd: What is really going on in Ohio?
Energy in Depth – Ohio
In late 2011, the Ohio Oil and Gas Energy Education Program (OOGEEP) released the Ohio Oil and Gas Industry Economic Impact Study. The Study, conducted by Kleinhenz & Associates, recognized the significant impact of both the current oil and gas industry, as well as the economic and job potential of the Utica-Point Pleasant Shale formation.


Chesapeake Energy Profit Tumbles on Wrong-Way Natural Gas
Chesapeake Energy Corp., which yesterday cleared its outgoing chief executive officer of misconduct after a 10-month probe into his personal finances, said fourth-quarter profit dropped on wrong-way bets on the price of natural gas.

PBF Energy expects crude-by-rail to be long-term trend
PBF Energy Inc expects crude-by-rail to be a “very, very long term trend,” particularly movement of heavy Canadian crude.

Shale Play Showdown: Magnum Hunter Vs. Carrizo Oil & Gas
Seeking Alpha
Magnum Hunter Resources Corporation and Carrizo Oil & Gas, Inc. are Houston-based small-cap energy companies principally engaged in domestic shale plays.

Fracking Emissions Get Review After EPA Watchdog Report
The U.S. Environmental Protection Agency agreed to more closely study air emissions from hydraulic fracturing after the agency’s auditor concluded its current data is insufficient to make policy decisions.

U.S. needs policies that support energy development
The Wichita Eagle
With a newly elected Congress and a president beginning his second term, we began a new year with tremendous opportunities to move forward on building our economy and creating jobs for Americans who are looking for work.