Chesapeake Energy recently settled a lawsuit with Pennsylvania landowners in which they agree to pay (a pitifully small) $7.5 million to landowners after shorting them on royalty payments (see Chesapeake Settles PA Royalty Lawsuit for Pittance: $7.5M). The National Association of Royalty Owners Pennsylvania chapter is telling landowners to pay “very close attention” to the settlement letter when it comes.
The settlement letter may have much broader implications than just getting a check for a few bucks from Chesapeake. It may set the rules for how your future royalties will be calculated… Continue reading
Converting Marcellus and Utica Shale natural gas into liquids like solvents, lubricants and waxes–even diesel fuel–is starting to catch on. MDN previously told you about a “gas-to-liquids” (GTL) plant planned for the Altoona, PA area that will convert natural gas to diesel fuel (see Altoona Area Getting $200M Marcellus Gas-to-Liquids Plant). A chemical manufacturer in western PA is pursuing a GTL plant to create their own “feedstock”–raw chemical materials they need to produce other specialty chemicals (see Chemical Manufacturer to Build Gas-to-Liquids Plant in PA).
Now, word of the first GTL plant we’ve heard of planned in Ohio. The Ohio plant, if built, will also produce specialty chemicals… Continue reading
GEI Global Energy Corp announced yesterday they have signed a letter of intent (LOI) with Owl Eco Group to build a 100 megawatt electric generation plant in western Pennsylvania that runs on Marcellus Shale gas.
Not only will this be a massive project taking several years and costing $470 million to build, but GEI says the plan calls for the power plant to get its very own Marcellus Shale well drilled to supply it. Smart… Continue reading
Once again the federal Environmental Protection Agency (EPA) has proven it’s a rogue, out-of-control agency that needs to be reigned in–now. The EPA has just issued new emissions standards for power plants that will result in massive closures of coal-fired power plants (any volunteers for rolling brownouts?). What’s the big boogeyman they so desperately need to control? Carbon dioxide–the stuff you exhale with each breath. The flatulence that comes from the back-ends of every living mammal. The excuse the rogue EPA is using to “regulate” something that’s not a pollutant? The man-made global warming fairy tale–even though recent scientific evidence proves global warming isn’t happening and hasn’t been for the past 15 years! See Warming whoops: Scientists debate the falling rate of rising temperatures.
Enough is enough. Hopefully the Republicans in Congress will have the spine to stop this lunacy before it progresses any further… Continue reading
Prof. Tony Ingraffea of Cornell University continues to embarrass his employer. A new study by the University of Texas and the Environmental Research Council was released last week that (gasp!) used actual science–you know, out in the field measurements–instead of fanciful theories like Tony uses (see New Study Final Nail in Coffin of Inflated Fugitive Methane Claims). The real science in this new study completely, utterly refutes the guesswork of Ingraffea and his cohort in less-than-rigorous research, Robert Howarth.
So what does Tony do? He heads back on the lecture circuit with his best-ever dog and pony to try and convince people his guesses really are better than actual scientific measurements. He may also try to sell you a bridge while he’s at it… Continue reading
MDN is happy to give a high-five and shout-out to our Marcellus and Utica Shale Databook co-editor Ed Camp and his excellent ShaleNavigator online shale mapping service. Not long ago Ed added an “Available Property” map layer to the ShaleNavigator service which shows acreage available for leasing. The great thing about ShaleNavigator? You can add other layers, like pipelines, wells permitted/drilled, etc. Add all of those layers together with the Available Property layer–now you’re talking! Is this acreage near other leased acreage? Close to wells already being drilled? Pipelines in the area? Using ShaleNavigator’s Available Property and other layers together is like going from monochrome to full color.
The “new news” from Ed is that he’s just added another 10,000 acres to the Available Property layer. ShaleNavigator is a great service for individual landowners, landowner groups, drillers, midstreamers, landmen–anyone connected to the shale drilling industry in the Marcellus/Utica region. Today’s press release from our friend Ed: Continue reading
Cabot Oil & Gas continues to be one of those companies that truly impresses MDN. Last year the company was a key in donating more than $2 million of its own money, and key in spurring on other companies to contribute another $2.4 million so that a stalled project to build a new hospital in Montrose, PA finally got off the ground (see Cabot Effort Raises $4.4 Million for PA Physicians Clinic). Cabot’s actions are more than just a photo op and quick PR gimmick. You don’t pony up $2 million of your own (and investors’) money, and dedicate countless hours of your staff’s time, unless you’re serious about being a good neighbor.
Cabot is “at it again”! This time they’re sponsoring a sporting clay tournament in northeastern PA with all proceeds to benefit what they call “the amazing” St. Joseph’s Center in Scranton, PA. MDN encourages you to consider going to the clay shoot or if you can’t, donating to this very worthy cause… Continue reading