EmberClear’s Cadiz, OH Gas-Fired Power Plant Project Heats Up

In September 2016, MDN reported that EmberClear has plans to fund and build a new $900 million electric generating plant in Harrison County, OH (see $900M Utica Gas-Fired Electric Plant Coming to Harrison County, OH). The Harrison Energy Center project was supposed to begin construction by the end of 2018, which didn’t happen. Then it was supposed to begin construction by mid-2019 (see EmberClear’s Cadiz, OH Gas-Fired Power Plant Slightly Delayed). That didn’t happen either. We now have a new timeline and important news about the project.
Continue reading

WV Bill Would Establish Fund to Kick-start NGL Hub, Reassure China

The West Virginia legislature kicked off its 2020 60-day session yesterday with a bang–at least for the shale energy industry. House Speaker Roger Hanshaw introduced House Bill 4001, aimed at reassuring China it’s OK to begin investing some of that $84 billion they promised to invest in WV’s shale and downstream sector. The bill also would help fund the Appalachian NGL Storage and Trading Hub project and other big petrochemical projects (maybe even a cracker plant!).
Continue reading

Range Refinancing $500M in Debt, Writing Down Value of LA Shale

click for larger version

Yesterday Range Resources issued a couple of press releases detailing a plan to buy back $500 million of outstanding notes (i.e. IOUs) issued in years gone by and due payable in 2021/2022, by generating a new pot of $500 million by issuing new notes payable in 2026. The company also filed an SEC Form 8-K that mentions they will write down the value of their Louisiana shale assets. However, the company says it will not write down the value for their Marcellus/Utica assets.
Continue reading

New Research Promises More Accuracy in Marc. Reserve Estimates

We spotted a newly published study (published just yesterday) in Scientific Reports, an online open access scientific mega journal published by Nature, that looks at a new and better way to evaluate shale oil and gas reserves–the amount of stuff in the ground. What’s special about this report, written by researchers at the University of Utah, is that it specifically used the Marcellus Shale as its test subject.
Continue reading

American Anti-Fossil Fuelers Funded, Controlled by British Billionaire

It’s not only Russia and the Ukraine attempting to interfere in U.S. elections and our system of government. It’s also a British billionaire, by the name of Chris Hohn. A blockbuster investigative report reveals millions flowing from Hohn to push American cities and counties to sue American energy companies by using the false claim they cause “climate change.” It is an outrage and it must stop.
Continue reading

Shale Energy Stories of Interest: Thu, Jan 9, 2020

MARCELLUS/UTICA REGION: Oil and gas industry, leaning on Pittsburgh region, punches back against fracking ban; OTHER U.S. REGIONS: California governor asked to stop oil, gas drilling and end permitting; Occidental starting widespread layoffs in Houston and beyond; NATIONAL: How global prices drive U.S. LNG cargo destinations; House Dems tout plans for net-zero GHG emissions by 2050; Warren wants to spend $1 million per ‘green’ job.
Continue reading