Another Brilliant McClendon Move: ‘Pure Play’ Public Companies

Aubrey McClendonBig news from MDN friend and Marcellus/Utica driller Aubrey McClendon. McClendon, now CEO of American Energy Partners (and former CEO of Chesapeake Energy), told a Hart Energy conference yesterday that the companies he’s started since leaving Chesapeake will soon go public–each of them individually. And he’ll start even more companies that will go public. McClendon is adopting a “pure play” approach in which each company will be independently run and focus on a single shale play. Once again McClendon has taken the road less traveled and is pioneering a brilliant strategy to dominate the plays which he chooses to target. MDN’s words when the Chesapeake board dismissed Aubrey (from April 1, 2013) were prophetic: “Why is it an error to show McClendon to the door even in light of his aggressive financial deals? You think McClendon will take his piles of money and sit on a Caribbean beach somewhere? In your dreams! He’ll be back, and he’ll start (or buy) another company that will directly compete with Chesapeake. You can bank on it.” (see McClendon Exits Chesapeake, Well-Bonused “Friends” Replace Him)…
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Yet Another Williams Transco Expansion: Western Marcellus Project

Pipeline (infrastructure) projects keep getting announced fast and furiously–we can hardly keep up! Williams has announced yet another upgrade to their Transco Pipeline–this one called the Western Marcellus Pipeline Project. We get details about the new project from an open season announcement from Williams posted yesterday. The Transco is one of the country’s largest interstate natural gas pipelines–a 10,200-mile pipeline system that extends from South Texas to New York City. In February Williams announced an $2.1 billion expansion of the Transco to carry PA Marcellus gas to the Eastern seaboard, what they call the Atlantic Sunrise project (see Williams Plans $2.1B Transco Pipeline Expansion, 100% Sold Already). Last week we told you about another expansion of the Transco, called Diamond East, that will beef up capacity on the Transco from Lycoming and Luzerne counties in northeast PA all the way to Mercer County, NJ, a $500-$800 million project (see Williams to Expand Transco Pipeline Again, More Marcellus to NE). Yesterday Williams announced the Western Marcellus Pipeline project, a project that will give western PA Marcellus and eastern OH Utica producers a way to get their gas to markets in the southeast (Louisiana and Texas) and even to Florida…
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Successful Open Season Concludes for Marcellus PennEast Pipeline

Barley three weeks ago a consortium of four companies announced a new pipeline project to carry Marcellus Shale gas from Luzerne County in northeastern Pennsylvania to Transco’s Trenton-Woodbury interconnection in New Jersey. The $1 billion PennEast Pipeline will be built by energy utility giant UGI, along with AGL Resources, NJR Pipeline Company (subsidiary of New Jersey Resources) and South Jersey Industries (see 3rd New NEPA Marcellus Pipeline Proposed, Connects to Trenton, NJ). The consortium announced yesterday the successful close of a very fast binding open season–a period of time when potential customers sign on the dotted line to take capacity in the new pipeline. Of course it didn’t hurt that the consortium itself had already reserved nearly half of the 1 billion cubic feet per day capacity for themselves! Still, the other half is now sold out too (a total of 965,000 dekatherms, or 936 million cubic feet, or .936 billion cubic feet)…
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UTOPIA Open Season Begins Today – OH to MI NGL Pipeline

Back in December MDN told you about Kinder Morgan’s new proposed new pipeline called the Utica To Ontario Pipeline Access, or UTOPIA (see UTOPIA is Coming! The UTOPIA Pipeline, that is…). The 240-mile natural gas liquids (NGL, specifically ethane and propane) pipeline will connect multiple fractionation facilities in Harrison County, OH, to Riga, MI. From Riga, the NGLs will hitch a ride via the KM Cochin Pipeline east to Windsor, Ontario, Canada where they will be delivered to NOVA Chemicals. The new $300 million, 10-inch pipeline from OH to MI is what is called UTOPIA. Yesterday KM announced a binding open season for UTOPIA…
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Philly Inquirer Exposes PennFuture Lies in Lycoming County Case

Yesterday MDN brought you the news that the virulently anti-drilling PennFuture was crowing about another scalp their lawyers have claimed in preventing fracking in Lycoming County, PA (see Bad PA Supreme Court Act 13 Decision Comes Home to Roost). We’ve often told you about the lying propaganda pumped out by PennFuture. Our words certainly don’t bother them. But we bet the words of none other than the Philadelphia Inquirer do bother them. The Inquirer is also out with a story about the challenge by PennFuture and a couple of ninny nanny “neighbors” (more than 2/3 of a mile away) who abused the recent Supreme Court decision to force the town to not allow the drilling it wants to allow. The Inquirer skewers PennFuture, pointing out the lies they tell…
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MSC Launches Study on Water Sample Testing & Standards

It’s relatively easy for so-called researchers with an agenda (and backed by Park Foundation money), to manufacture “proof” that shale drilling is evil and harms the environment. Duke University seems to be one hotbed of such so-called research (see Duke Study #2: Drilling Causes Methane Migration in Water Wells?). Cornell University is another Park Foundation funded source of so-called research (see Devastating Critique of New Ingraffea/Howarth Methane Study by EID). Much of that so-called research claims when shale drilling arrives, it causes methane to migrate into nearby water wells. That evil ole methane just can’t help itself! The highly respected trade organization, the Marcellus Shale Coalition (MSC), is tired of waiting for the EPA and others to develop standards that can be used when determining whether or not methane in water was caused by drilling–or far more likely–was there all along…
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Shale Gas vs Wind and Solar – A Few Sobering Facts

We’re certainly not anti-wind or anti-solar. We believe those technologies hold promise for the future. But they simply can’t compete with natural gas as the most economical and even the most environmentally friendly way of supplying electricity here and now. Every form of energy has its advantages and disadvantages. The fact (not opinion) that natural gas beats so-called renewables here and now is not just our opinion. We spotted an excellent column–from an Indian professor–that points out some sobering facts in the shale gas vs wind and solar debate…
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Soros Invests Big in Argentine Shale – No Comment from PAI

Why is it that the nefarious anti-drilling Public Accountability Initiative (PAI), responsible for closing down a new shale institute at University at Buffalo (see Univ at Buffalo President Shuts Down (Censors) Shale Institute) and for making the University of Texas look foolish (see Soros-backed PAI Makes University of Texas Look Foolish), doesn’t take on their billionaire benefactor, George Soros himself? As we’ve previously written, Soros plays both sides of the fracking issue (see George Soros Plays Both Sides of Fracking Issue, for Profit). Word came out Wednesday that Soros is making yet another play to support fracking–this time in Argentia. And where is the PAI’s lampooning, castigating and otherwise demonizing of old George? Nowhere to be found. Crickets. Nothing. Why is that?…
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Run for the Beach! The Hills are “Swarming” with Earthquakes!!

Who knew that earthquakes can “swarm”–you know, like bees or locusts? That’s the absurd fearmongering nonsense being peddled by the nutters at Frackfree Mahoning Valley (Mahoning County, OH). They recently issued a press release (below) that says if wastewater injection wells are allowed to continue operating in Mahoning County, “swarms” of earthquakes will follow. Sounds almost biblical, doesn’t it?…
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