Marcellus & Utica Shale Story Links: Mon, Mar 4, 2013

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

New York

Natural gas boom New York losing out as other states benefit
Watertown Daily Times
The most exhaustive study to date of a key natural gas field in Texas, combined with related research under way elsewhere, shows that U.S. shale-rock formations will provide a growing source of moderately priced natural gas through 2040,’ the Wall Street Journal reported.


Report: Shale jobs rose in mid-2012
The Marion Star
Jobs for natural gas liquid extraction in Ohio doubled between the first and second quarters of 2012, as shale-related industries added 12,000 positions overall, according to a report released Friday.

Dumping fracking waste into the eco-system
Sandusky Register
Environmentalists are calling for stricter regulations after the owner of an excavating company ordered his employees to dump drilling waste into a storm drain.

Crosstex executive sees ‘tremendous growth platform’ in Utica
SNL Financial
Crosstex Energy Inc.’s assets in the Ohio River Valley will provide a “tremendous growth platform” in the Utica and Marcellus shale plays, Executive Vice President and COO William Davis said during the company’s fourth-quarter and year-end 2012 earnings call.


The Business Boom?
When it comes to the Marcellus shale play and the local economy, experts have two things to say: Extracting the natural gas from the massive shale is just the beginning, and this development is going to be around for decades to come.

Fracking to Unfold Under a Historic Farm
New York Times
In its ongoing campaign to win over opponents of hydraulic fracturing, the natural gas industry has succeeded in persuading the owner of a historic Pennsylvania farm to allow gas to be extracted from beneath her property.

Township Leader Flies High as Residents Needing Natural Gas Suffer
Energy in Depth – NMI
A wealthy township supervisor in Robinson Township, Washington County, Pennsylvania has been delaying natural gas development for local residents while he enjoys a lap of luxury and flies high.

Penn College names project director for ShaleNET U.S.
Penn State News
Pennsylvania College of Technology has hired a project director for ShaleNET U.S., a federally funded consortium initiative that develops and standardizes credit and noncredit education and training programs serving high-demand occupations in the oil and natural gas industry.

West Virginia

Drilling Leads to Record Hotel Tax Collections
Wheeling News
Walking through the hallways of the historic downtown McLure Hotel these days, one is almost certain to run into oil and gas workers preparing to spend the night.

West Virginia House of Delegates Approves Bill to Increase Possible Pipeline Penalty to $2 Million
On February 28, 2013, the West Virginia House of Delegates reportedly approved a measure that would significantly increase maximum civil penalties for safety violations involving natural gas pipelines regulated by the West Virginia Public Service Commission (PSC).


Chesapeake Says SEC’s Probe Escalated to Investigation
Chesapeake Energy Corp. said the U.S. Securities and Exchange Commission’s informal inquiry into outgoing Chief Executive Officer Aubrey McClendon’s private investments in company-owned wells escalated into an investigation.

How to Capitalize on Shale Gas Trend: A Top Manager’s Favorite Plays
Parker cites Range Resources (RRC), a Marcellus shale player, for this low-cost virtue. “The Marcellus Shale is the biggest story,” he said. “It’s half the size of Pennsylvania. At $3.50, some of these wells are economic.

Natural Gas Dethrones King Coal As Power Companies Look To Future
The way Americans get their electricity is changing. Coal is in decline. Natural gas is literally bursting out of the ground in record amounts. And the use of wind and solar energy is growing fast.