Marcellus & Utica Shale Story Links: Thu, Apr 11, 2013

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


Matheson Valley Benefitting From Utica Shale
Energy in Depth – Ohio
Matheson Tri-Gas Inc. (dba Matheson Valley), an establishment that has been in the Ohio Valley for over 85 years, has seen a lot of customers throughout its long history. The company has serviced the steel industry, power plants, chemical plants, welding and fabrication shops, hospitals and other businesses throughout the area.

Halcon Gets Permits for Wells in Mahoning, Mercer
Youngstown Business Journal
Halcon Operating Co., a division of Halcon Resources, has secured a permit to drill a new horizontal well in Jackson Township in Mahoning County, according to the Ohio Department of Natural Resources.

Utica Shale pipeline offers business opportunities
Workers are building pipelines across the Utica Shale region, bringing natural gas and oil to market and business opportunities to local companies. That was the message Tuesday at a day-long Canton Regional Chamber of Commerce seminar about the gas and oil industry’s midstream sector.


Buffalo Township signs off on as many as 5 new gas wells
Pittsburgh Tribune-Review
Buffalo Township Supervisors on Wednesday gave the go-ahead for proposed Marcellus shale natural gas wells on Howes Run Road. XTO Energy has proposed to drill as many as five wells on property at 448 Howes Run Road owned by the Harold and Dorothea Harvey estate.

FrackNation Huge Success at NEPA Screenings
Energy in Depth – NMI
Betty Sutliff attended the recent FrackNation screenings in both Honesdale and Montrose, where the venues were packed and most in attendance were favorable towards natural gas development. The following is her reaction to the film and the screenings.

The Real Dimock on Fire for FrackNation
Energy in Depth – NMI
The documentary FrackNation was screened yesterday in Montrose, Pa., as part of a local tour of screenings taking place this week. Director Phelim McAleer, who was present to conduct a question and answer session following the viewing, was met with a standing room only audience — only four of whom were there in opposition to the film.

Whole Lotta Natural Gas Goin’ On in Susquehanna County
Energy in Depth – NMI
Susquehanna County resident and geological engineer Chris Acker dives deeper into the resource potential of natural gas in his county. This is a follow-up to a previous post, “The Marcellus Natural Gas Revolution is More Than Just Money.”

West Virginia

Natural gas industry challenges coal’s dominance in West Virginia
Coal Valley News
With the rise of the natural gas industry in the Appalachian region, coal’s stranglehold may finally be weakening. Experts say the natural gas industry’s clout has steadily grown in West Virginia and it is now widely perceived to be threatening the long-held dominance of the coal industry.


Moniz backs natural gas ‘revolution’
US News & World Report
President Barack Obama’s choice to lead the Energy Department pledged to increase use of natural gas Tuesday as a way to combat climate change even as the nation seeks to boost domestic energy production.

Senate Endorses Sally Jewell for Interior Chief
Sally Jewell, CEO of outdoor retailer Recreational Equipment Inc., won easy Senate confirmation Wednesday to be the nation’s next interior secretary. The Senate approved her nomination, 87-11, with all the no votes coming from Republicans.

Chesapeake’s Asset Sale: A Look Inside FTS International
Seeking Alpha/Sarfaraz Khan
McClendon took a brilliant decision to invest in FTS back in 2006 for just $100 million. The company now owns 30% of FTS. However, McClendon failed to cash in on his investment when it was worth significantly more.

CSSD Says Membership Will Grow Slowly, But Producers Cautious
NGI’s Shale Daily (requires subscription or free trial to access)
Three weeks after the launch of the Center for Sustainable Shale Development (CSSD) and its proposed certification process, many oil and natural gas producers are in the dark about the initiative and taking a "wait and see" approach to participating.

President’s 2014 USGS Budget Proposal Strengthens Science
U.S. Geological Survey
President Obama’s fiscal year (FY) 2014 budget request for the U.S. Geological Survey is $1.167 billion, an increase of $98.8 million above the 2012 enacted level, reflecting the Administration’s commitment to scientific research and development as the foundation for innovation, socio-economic well-being, environmental sustainability, and sound decisionmaking.

Shale Growth Causing NatGas Pipeline ‘Replumbing,’ Says Braziel
NGI’s Shale Daily (requires subscription or free trial to access)
The day-in and day-out reports from operators ready to build new natural gas pipelines and natural gas liquids (NGL) midstream infrastructure generally have had one thing in common over the past couple of years: most are for the Marcellus Shale. And that’s not going to change anytime soon, according to industry executives.

Profit From These Two Undervalued Marcellus Drillers
As part of its study, IHS appraised the net worth of Stone Energy Corporation and Southwestern Energy Company. It believes both currently trade at sharp discounts to their peers. I concur.

Is It Unpatriotic to Export US Natural Gas Overseas?
Minyanville’s Wall Street
A new debate has arisen – with the abundance of natural gas in the country pushing down prices to record lows, the energy industry is pushing for restrictions on natural gas exports to be lifted, while domestic manufacturing companies argue that selling the US’ supply of natural gas to markets overseas is detrimental to the interests of the US.

Top Performing Energy Stocks Of 2013 Through April 10th
Seeking Alpha/Josh Young
In the market rally since the start of 2013, energy stocks have generally performed in line with the market. Certain stocks have significantly outperformed, and I will discuss a few of them below and their reasons for outperformance. Marcellus Pure-Plays…