An MDN subscriber recently emailed us to ask for more details about that map showing, by region, the number of new natural gas gathering and transmission pipelines that will be built (see The Surprising Number of New NatGas Pipelines Coming in OH). The map we showed (embedded below) indicates that Ohio is in the midst of a major pipeline build-out with an astonishing 100+ new pipelines either currently under construction, or soon will be. The question from our reader: Who’s building all those pipelines?
We went looking and found an excellent article in Farm and Dairy that gives us the answer… Continue reading
Antero Resources is a major Marcellus and Utica Shale driller, headquartered in Denver, CO. Last Friday, Antero announced they’ve upped their credit line with a banking syndicate by an additional $250 million (their full credit line is now $1.45 billion). They hint that they may expand their line of credit to the “full $1.75 billion borrowing base” in the future.
Here’s the announcement that Antero now has more cash to help with drilling in the Marcellus/Utica: Continue reading
EQT, a major driller in the Marcellus and Utica Shale, as well as a midstream (pipeline) operator, just announced they will sell a major natural gas pipeline they own–the Sunrise Pipeline–for $540 million to…itself. Er, at least to the EQT Midstream Partners, a new/separate Master Limmited Partner (MLP) company started by EQT to focus on the midstream sector. The ownership of the pipeline will change on paper (for accounting and investor purposes), but practically speaking, nothing else will change.
More huffing and puffing from the anti-drilling group PennEnvironment. Yesterday they released a new so-called report called “Who Pays the Costs of Fracking?” (full copy embedded below). PennEnvironment, using paid interns from an anti-fossil fuel think tank called The Frontier Group to write this drivel, attempt to make the case that drillers don’t pay enough bond money up front for future, possible, maybe, someday problems that might arise–potentially. So make ’em pay now, up front.
Of course their chief recommendation–require obscenely high up-front bonds from drillers–is nothing more than a back-door way of making it more expensive to drill, leading to less drilling. But that’s what these types of organizations do–sit around and dream up ways to slow the use of those evil, nasty fossil fuels… Continue reading
For years, MDN has poked fun at the State of Maryland and has said, somewhat tongue-in-cheek, that Maryland is the only state more dysfunctional than New York on the topic of hydraulic fracturing and shale drilling. Now? We’d say Maryland and New York are neck-in-neck in the race to screw up the biggest economic and jobs miracle in generations. But we’d still give Maryland a slight edge as being “most dysfunctional.” That dysfunction was on full display at yesterday’s second public meeting held by the Maryland Dept. of the Environment to receive comments on a draft best practices for shale drilling document–a document recently released by the governor’s Marcellus Shale Advisory Commission (see Maryland Releases Draft “Best Practices” in Shale Drilling Report for a copy).
The Baltimore Sun was on hand for yesterday’s second public meeting–held in Baltimore–and filed this report: Continue reading
The American Petroleum Institute, the preeminent trade association for America’s oil and gas companies, has just launched a new advertising campaign to address public concerns (and correct media misstatements) about fracking. The ad will be run on TV and radio spots, as well as in print and online. It’s a great video ad (watch it below).
A group of Ohio schoolteachers went on a field trip recently, touring drilling sites in eastern Ohio–Washington County, to be specific. A reporter tagged along to get their impressions and produced an interesting article. As part of that article, the reporter spoke to several educators about job opportunities in the Ohio oil (and gas) field patch. We’ve brought you such stories before, but it bears repeating that (in this case) Ohio students graduating from Marietta College’s petroleum engineering and geology department are actively, aggressively recruited and many get jobs right out of college with starting salaries of over $100,000 per year!
In addition, there’s plenty of high-paying jobs for those without a degree who have skills–like welding, truck driving and diesel mechanic. You can see how the Ohio Utica Shale is radically improving the jobs situation in Ohio: Continue reading