EIA March DPR: Marcellus Produces More than EIA Expected

EIAYesterday our favorite government agency, the U.S. Energy Information Administration (EIA), issued our favorite monthly report, the Drilling Productivity Report (DPR). The March 2016 report shows what the EIA predicts oil and natural gas production will be in April from the seven largest commercial shale plays in the U.S. What does the report (full copy below) show? Yes, natural gas production is down again, including the Marcellus. But in a rare move, the EIA had to revise its Marcellus production data because the play is producing more than the smart folks at EIA figured…
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Rig Counts for World, US & Marcellus/Utica Crash in February

Just when you thought the rig count couldn’t possibly get any worse–it does. Baker Hughes released their average rig count data for February yesterday–and it’s not a pretty picture. Worldwide the total number of active rigs in February was 1,018, down 27 from the 1,045 counted in January. But in the U.S., the rig count was 532, down 122 from the 654 counted in January 2016. That’s a huge 19% in a single month. The Marcellus/Utica region was similarly affected. It used to be when rig counts were crashing everywhere else, they held firm or slightly declined in the northeast. No more. In February the Marcellus/Utica lost another 10 rigs, from 52 in January to 42 in February–or a 19% decrease in a single month. Ouch. Below are the full details and charts that tell the story…
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Facebook Censors Dimock Trial Stories; Judge Tosses Part of Case

Radical environmentalists have a lot in common with Benito Mussolini and Adolf Hitler. They’re Fascists who brook no dissent from their twisted view of reality. Case in point: Phelim McAleer, the filmmaker who made the FrackNation documentary, has attended and covered the happenings at the Dimock trial for the past several weeks. We’ve carried most of Phelim’s reports here on MDN, including the hilarious way the plantiffs’ so-called expert, Dr. Tony Ingraffea, tried to avoid answering Phelim’s questions outside of the courthouse (see Dimock Trial: Ingraffea Day 2 – Hides Behind a Woman’s Coat). Being exposed as the frauds they are doesn’t sit well with radical environmentalists who have so much invested in the fiction of “water contamination” in Dimock. Phelim is one of the few (two, actually) outlets where we’re learning the truth about the Dimock trial. The news coming from the trial is so bad for the antis, mainstream media has a self-imposed news blackout on the trial–hoping the masses don’t notice it. Phelim has filed his reports on the FrackNation Facebook page. And herein lies the the ugly side of radical environmentalism. The anti-fracking movement began flooding Facebook with complaints about Phelim’s posts regarding the trial, and Facebook actually took down several posts, and locked down the FrackNation page on Facebook for 24 hours with a warning to cease and desist from posting new Dimock stories. Amazing! Someone tells THE TRUTH about a trial in Scranton, PA and Facebook censors it! Based on a hate campaign launched by radical environmentalists. The good news is that Facebook pulled its collective head out of its rear-end long enough to figure out this was a Fascist job by antis and they’ve now restored the FrackNation page and resurrected the deleted posts…
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WSJ: Aubrey McClendon was in Debt Up to His Eyeballs

We continue to learn more about what was going on behind the scenes with Aubrey McClendon and his new company and financial “empire.” It appears Aubrey’s new empire was built on a house of cards, and it was all starting to fall down. The Wall Street Journal ran an extensive article yesterday that outlines the intricate web of Aubrey’s financial dealings. Below is a small portion of that article…
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NOAA Data Shows No Global Warming for Last 58 Years

From time to time we revisit the issue of man-made global warming because so much (really all of) the opposition to fossil fuels, including clean-burning natural gas, comes from a misguided belief that mankind is catastrophically causing the earth to heat up by burning fossil fuels, contributing large amounts of carbon dioxide to the atmosphere. It’s a nice story. It makes libs feel good about themselves. But the problem is, it’s just not true. No matter how many times we say “it’s not true!” most folks pause and think, “All of those scientists can’t be wrong, can they?” The problem is, belief in global warming is not universal–not anywhere near it. Those who do believe it are vocal, while those who would rather let real science do the talking, don’t say anything for fear of being mocked and ridiculed. It’s time to stop being afraid. We have real science on our side. We’ve previously pointed out that global warming hasn’t been happening for nearly 20 years (see Inconvenient Global Warming Fact: Avg Temp Hasn’t Risen in 18 Yrs). You might think the global warming idea has only been around for the last 20-30 years. You would be wrong. Mankind has been obsessed with both global warming and cooling for 100 years (see Global Warming Meme has Been Around Nearly 100 Years). There have been a few brave souls who have stood up to the climate changer bullies, including the co-founder of Greenpeace (see Greenpeace Co-Founder Says Mankind Doesn’t Cause Global Warming). One of the biggest frauds in the global warming debate has been the National Oceanic and Atmospheric Administration (NOAA). They cherry-pick and doctor their own data in an attempt to prove global warming exists. But using NOAA’s own data, scientists have found that the earth HAS NOT BEEN WARMING FOR 58 YEARS!…
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Clean Energy Deal to Rebuild CNG Station for 147 NJ Transit Buses

More clean-burning Marcellus and Utica Shale gas will be used to power New Jersey Transit buses–some 147 of them. Clean Energy Fuels Corp. announced last week it won a $10 million, multi-year procurement from New Jersey Transit to rebuild a large compressed natural gas (CNG) fueling station, as well as additional garage modifications and the repair and maintenance of facilities through 2020. NJ Transit is expected to operate a fleet of 147 CNG commuter buses estimated to consume approximately 2 million gasoline gallon equivalents (GGEs) each year. While the announcement doesn’t specifically say Marcellus gas will power those buses, where else do you think the gas will come from? Fleets of trucks and buses are an important new market for the abundant natural gas we have beneath our feet, and Clean Energy is helping to create that future with deals like this one and the many other deals they’ve won…
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PDC Energy Offers 5.15M Shares of New Stock, Wants to Get $263M

Something we’ve noticed about energy companies offering more stock as a way of generating cash. Almost always they issue one press release to announce they are offering X shares of new stock. And a few hours later they issue a second press release announcing they’ve “upsized” the offering–offering more shares. Are they trying to give the impression that there was “just so much darned demand we simply had to offer even more shares to meet all the demand”? That’s what it looks like. Of course it’s just a marketing tactic (if you ask us). They all seem to do it. The latest example is from PDC Energy, a driller in the Wattenberg Field in Colorado and the Utica in Ohio. PDC paused its Utica drilling program in 2015 with plans to do a little more drilling in the Utica in 2016. PDC issued its pair of press releases yesterday, the first saying they will float 4 million new shares of stock, the second saying that number was upsized and they would instead offer 5.15 million shares with hopes to raise $263 million…
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A President Hillary Clinton Would Ban Most Fracking

We know there’s at least a few MDN readers and subscribers who are Democrats. We’re trying to help them see the light. 🙂 One thing is for sure, whether you vote for a tired old CommieLib like Bernie Sanders, or a tired old liar like Hillary Clinton, either choice on the Democrat side for president will yield the same result–fracking in the U.S. will stop. During Sunday night’s Democrat debate in Flint, Michigan, Clinton said she wants to impose so many new rules and regulations on fracking, that “I do not think there will be many places in America where fracking will continue to take place.” Folks, how many times do we have to beat the drums on this stuff? You CANNOT just dismiss this as electioneering. You cannot assume its hyperbole. Clinton means what she says. If you vote for Hillary and you work in the oil and gas or associated industries, you will be voting to put yourself in the unemployment line…
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5 Members of Internal EPA Committee Think Fracking Study Correct

For some time we’ve warned you that radical environmentalist pressure has been so intense against last year’s EPA study that found fracking doesn’t contaminate water supplies, that the EPA was going to try and find a way to change the science they themselves researched (see EPA Science Advisory Board Engaging in Fraud re Fracking Study). The EPA is looking to change the outcome, bowing to pressure. The way they’re attempting a “do-over” is through an internal Science Advisory Board (SAB), set up to review the EPA study and its conclusions. It does look like the fix is in–that the SAB will demand the finding of “no widespread, systemic impacts” on water from fracking activity be changed. There are 31 members of the SAB review panel. Five of the 31 are opposed to changing the language that says “no widespread, systemic impacts”–that is, they think the original report and its findings is correct. The other 26 are sellouts and want to change the study’s findings…
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PEDF Argues Before PA Supreme Court to End Drilling on Public Land

Over a year ago in a crushing blow to the litigious anti-drilling group Pennsylvania Environmental Defense Foundation (PEDF), the PA Commonwealth Court ruled against the PEDF’s lawsuit that attempts to stop all drilling and leasing of state-owned lands for oil and gas drilling (see PA Court Rules to Allow More Leasing/Drilling of State-Owned Land). The court said a) such drilling is just fine and b) the decision of whether or not to allow drilling on state-owned lands (and which parcels) rests with the Department of Conservation and Natural Resources. The court further said that the General Assembly can decide how the monies received from leasing and production royalties will be spent–even as part of the general budget. The problem with the decision is how the court arrived at it (see Troubling Win in PA Court Victory that Allows State Land Drilling). It’s taken more than a year, but the PEDF appealed the lost case to PA’s Supreme Court and tomorrow the PEDF will argue before the high court that the state’s constitution is really meaningless and should be disregarded. Radical environmental organizations have filed a “friend of the court” brief in support of the PEDF. The radicals joining PEDF are the nutty Sierra Clubbers, THE Delaware Riverkeeper, PennFuture (the organization that spawned current DEP Secretary John Quigley), and the Pennsylvania Land Trust Association…
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Marcellus & Utica Shale Story Links: Tue, Mar 8, 2016

The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading. In today’s lineup: SolarCity blowing up in Cuomo’s face; new methane regs in PA mean big changes for drillers; WV loves natgas & the pipelines that come with it; new natgas power plant on the way in Mass.; NEXUS pipe heading to Michigan; Chesapeake will soon sell gas for $0/mcf; natgas prices could plunge below $1/mcf; Ruffalo and DiCaprio were made for each other; midstreamers wait for important court case; and more!
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