Winners of 2016 Northeast Oil & Gas Awards [FREE Access]

Oil & Gas AwardsEarlier this week (March 30th) the 2016 Northeast Oil & Gas Awards and Industry Summit was held in Pittsburgh. Once again the Awards and the Summit were a smashing success. Congratulations to all of the finalists and winners! Each year the Oil & Gas Awards recognize organizations operating responsibly and supporting the communities they operate within. Now in their 4th year, the Oil & Gas Awards are judged by over 100 senior industry professionals. Partners in the Northeast Awards are The US Chamber of Commerce, The Pennsylvania Chamber of Business and Industry, The Washington County Chamber of Commerce and the Western Virginia Oil and Natural Gas Association. Here is a complete list of the winners, by category…
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Top 10 Shale Wells of 2015 for Marcellus, Utica, Entire Country

Rystad Energy Ranks, a data company based in Norway, hosts web-based portal with easy-to-use access data on oil and gas wells around the globle. They call their service “Rystad Energy cubes.” Rystead has made a wealth of data available in predefined “ranking lists” where the user can change filter settings to drill into and slice and dice the data. They call it their “database list format Ranks.” Up to now, Rystad Energy cubes have been available only through Rystad Energy’s proprietary Cube Browser. With “Ranks” users can now access predefined analyses based on the same databases. The really cool thing? They offer the “top 10” for various queries absolutely free. No registration required. We took it for a spin and produced Top 10 lists for Marcellus Shale well production in 2015, Utica Shale well production in 2015, and all American shale wells for 2015. As you might imagine being an MDN reader, most of the wells in the “all American” list are wells located in the Marcellus/Utica…
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Top 10 Largest Publicly Traded Oil & Gas Companies in the World

No doubt about it–oil and gas are joined at the hip. Bosom buddies. Blood brothers. When you talk about the top oil companies in the world, you’re also talking about the top natural gas companies. It’s a rare oil borehole that also doesn’t produce “associated” natgas–either a little or a lot. Earlier this week the Forbes magazine website published a list of the Top 25 publicly traded oil companies in the world. Interesting factoid: 7 of the top 25 publicly traded oil companies are headquartered in the U.S. Another factoid: Even though the price for oil decreased by more than 50% over the past year, production of oil in the U.S. went up nearly 11%–thanks to shale. Below we’ve grabbed some of the commentary from the Forbes article, along with the Top 10 (of the Top 25) list of the largest oil companies in the world…
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‘Wackos in the Trees’ Protest Continues in Huntingdon County, PA

Yesterday we told you about a Big Green effort to stop tree clearing for the Mariner East 2 pipeline in Huntingdon County, PA–about a young woman who climbed 40 feet up a tree to sit in a tree house so crews could not cut down the trees around her (see PA Anti Literally Goes Up a Tree to Stop Mariner East 2 Pipeline). She’s still “up a tree.” Looks like her publicity stunt worked because starting today crews can’t legally cut any more trees for fear of hurting an Indiana bat. (We say it’s more than bats that are batty in Huntingdon County.) The young woman’s mother, who happens to own the property and the trees, was arrested approaching the cutting crews (after being told by a judge to stay away) because, she says, she feared they would cut a tree close to her blithering idiot daughter and hurt her. There’s also another nutter up a tree on the property. Even though the tree climbers prevented harvesting of a few trees, Sunoco Logistics, the builder of the pipeline, says it’s no big deal–they got almost all of the trees cut they needed to and come fall it won’t take long to nip the last few. Here’s how anti-drilling PBS (funded in part with taxpayer dollars) reported the ongoing “tree-sit,” as they call it…
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Philly Green Group Throws Temper Trantrum After Energy Hub Meeting

Petulant, spoiled rotten children often grow up to be petulant, spoiled rotten adults–adults who throw temper tantrums when they don’t get their own way. Such is the case with members of Green Justice Philly, a coalition of anti-drilling groups opposed to fossil fuels and opposed to a plan to bring more fossil fuels to Philadelphia as part of a northeastern “energy hub” concept. Yesterday we told you about Wednesday’s closed-door meeting where a new study was released, a “road map” that can be used to bring more natural gas and natural gas liquids to the City of Brotherly Love (see Philly Chamber Publishes Roadmap to Turn Region into “Energy Hub”). There certainly wasn’t much love displayed by a handful of boisterous protesters outside of the meeting. The meeting was private and the disruptive protesters were not allowed inside to conduct their normal mischief. And therein lies the winter of their discontent. Following the event Green Justice Philly issued a press release to pout like little children crying that mommy wouldn’t let them into the room. Awww, poor babies…
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SEC Investigates OH Frac Sand Company for Allegedly Paying Bribes

One of the largest frac sand providers for shale drillers in the U.S. is Fairmount Santrol. Based in Ohio, Fairmount sells proppants (sand and other substances used in oil and gas drilling) around the world. Apparently Fairmount’s dealings in another country is what has landed them in hot water with the U.S. Securities and Exchange Commission. The SEC is investigating Fairmount under the Foreign Corrupt Practices Act. The company is accused of paying bribes to foreign officials for help in getting business. We’re not excusing such behavior, but come on, really? You don’t think such things don’t go on a million times a day in every industry from oil & gas to dog food?? Sounds more like a fossil fuel industry witch hunt to us than a legitimate investigation…
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Cheap NatGas Blamed for Higher Electric Rates Coming in Ohio

The Public Utilities Commission of Ohio (PUCO) approved a plan yesterday that is deeply complex and has us scratching our heads. From the press accounts we’ve read, we would summarize like this: The plan allows American Electric Power Co. and FirstEnergy Corp. to operate coal plants and a nuclear plant that currently (and for the foreseeable future) are uneconomical. The electricity produced by the plants can’t compete with electricity being produced by new natural gas-powered electric plants. But PUCO believes it is in the public interest to keep the old coal/nuclear plants running–so electric resellers will be forced to buy from the old plants at a high rate, and sell that electricity on the open market at a lower rate–and ratepayers (Ohioans) will pick up the difference in the price. Ohioans will subsidize the old plants. Because it’s in the public interest. Somehow. Even though the average Ohioan will pay $100-$130 more for the same electricity. Yes, it’s far more complex than that–there are provisions for more renewable energy sources, etc. baked into the plan. But what it boils down to is subsidizing old forms of energy that can’t compete with natgas…
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Marcellus & Utica Shale Story Links: Fri, Apr 1, 2016

The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading. In today’s lineup: RINO NY Congressman smears natgas pipelines, running for gov; 12 rigs still operating in OH; PennEast Pipeline delayed by FERC; how is Cabot dealing with high debt?; FERC grants favorable enviro review for Leidy South pipeline; shale oil & gas production ready to fall off cliff; natgas prices will stay cheap; worst of oil collapse is over; Dems need to check their frack facts; and more!
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