Marcellus Drilling News

Coterra Energy (Cabot O&G) | Energy Companies | Pennsylvania | Susquehanna County

Cabot’s Drilling in Susquehanna County Moves Needle on U.S. Supplies
February 26, 2013February 26, 2013

Another post from energy analyst Richard Zeits on the Seeking Alpha website—this time about the tremendous amount of natural gas Cabot Oil & Gas is mining in Susquehanna County, PA. Zeits says the gas Cabot is finding and selling “may be material to the U.S. supply.” You read that right. One “little” oil and gas driller’s efforts in rural Susquehanna County, PA may well end up influencing the entire U.S. energy picture.

Full of charts and maps and oodles of great information, here’s a small portion of Zeits’ analysis, a prediction for how long Cabot will be drilling in Susquehanna County, and how many wells they’ll end up drilling there:

Read More “Cabot’s Drilling in Susquehanna County Moves Needle on U.S. Supplies”
Energy Companies | Gastar Exploration | Industrywide Issues | Marshall County | NGLs | Pipelines | West Virginia

Gastar’s 2013 Marshall County Plan: Drill More, Wait on Pipelines
February 26, 2013March 14, 2013

Gastar loves Marshall County, WV. Why? They not only find just natural gas when they drill in Marshall, they also find “wet gas” or natural gas liquids too. Gastar plans to drill another 19 new wells in Marshall this year.

However, there is a cloud with Gastar’s silver lining: Lack of pipelines will mean Gastar needs to slow their drilling later this year. Here’s a quick update on Gastar’s Marshall County plans for 2013:

Read More “Gastar’s 2013 Marshall County Plan: Drill More, Wait on Pipelines”
Hydraulic Fracturing | Industrywide Issues | New York | Regulation | Statewide NY

Big News: AP Writes Story About How NY’s Delays Hurt Landowners
February 26, 2013February 26, 2013

Wonders never cease. The Associated Press has actually written an article about the true costs of what “just a few more weeks of delay” in New York State really means to the state’s landowners—how it’s crushing them. The article looks at three struggling landowners—people who need New York to get off the dime and allow drilling to move forward. It begins this way:

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Anti-Drilling/Fossil Fuel | Industrywide Issues | Maryland | Statewide MD

Maryland Push Poll Gets the Result it Was Designed to Get
February 26, 2013February 26, 2013

A push poll (with loaded questions) commissioned by anti-fracking group Chesapeake Climate Action Network found (surprise!) 78% of Marylanders want to study fracking to death before they allow it in the state.

Does anyone really think this was a legitimate poll? Not when you see the question they asked…

Read More “Maryland Push Poll Gets the Result it Was Designed to Get”
Carroll County | Chesapeake Energy | Columbiana County | Energy Companies | Ohio | Utica Shale

Chesapeake Earnings Call Highlights Utica Results in 2 OH Counties
February 26, 2013February 26, 2013

In last week’s fourth quarter earnings call, Chesapeake Energy senior management once again singled out Columbiana and Carroll counties for special recognition and to express their ongoing commitment to the Ohio Utica Shale.

A few interesting highlights from that call:

Read More “Chesapeake Earnings Call Highlights Utica Results in 2 OH Counties”
Aqua America | Energy Companies | Energy Services | Hydraulic Fracturing | Industrywide Issues | Penn Virginia Corporation | Pennsylvania | Statewide PA

PVR Water Services – Now Pumping 3M Gal of Water/Day for Drilling
February 26, 2013February 26, 2013

Aqua America is one of the largest U.S.-based, publicly-traded water utilities with almost 3 million residents in Pennsylvania, Ohio, North Carolina, Illinois, Texas, New Jersey, Indiana, Virginia, Florida and Georgia. They also have a joint venture with Penn Virginia Resource Partners called PVR Water Services which provides water to Marcellus drillers in Pennsylvania. So far business is good.

A short section of Aqua America’s annual financial and operations report updates us on PVR Water Services:

Read More “PVR Water Services – Now Pumping 3M Gal of Water/Day for Drilling”
Energy Companies | Statewide WV | Stone Energy | West Virginia

Stone Energy 2012: Profits Down but Revenue & Production Up
February 26, 2013February 26, 2013

Stone Energy released fourth quarter and full year 2012 financials and an operations update yesterday. The company reported net income for 2012 totaled $149.4 million, or $3.03 per share, on revenue of $951.5 million compared with 2011 net income of $194.3 million, or $3.97 per share, on revenue of $869.9 million. CEO David Welch noted the company increased production and reserves for the third consecutive year. Welch said production and reserves are up mostly because of the Marcellus Shale.

Select portions of the Stone press release/update dealing with the Marcellus:

Read More “Stone Energy 2012: Profits Down but Revenue & Production Up”
Eclipse Resources | Energy Companies

Eclipses Resources Lands Important New Team Member
February 26, 2013February 26, 2013

MDN does not usually report on people moves (perhaps we should do it more often). However, we thought this one was noteworthy, so we’re bringing it to you. Oleg Tolmachev has just become Vice President of Drilling and Completions for Eclipse Resources. Eclipse is a driller in the Marcellus and Utica Shale. What makes this announcement noteworthy is that previously Mr. Tolmachev held a senior position with Chesapeake Energy in the Utica Shale, and before that with EnCana in the Barnett and Haynesville Shales. Eclipse has landed an important new team member as they continue to expand in the Marcellus and Utica.

Here’s the announcement from Eclipse:

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Best of the Rest

Marcellus & Utica Shale Story Links: Tue, Feb 26, 2013
February 26, 2013February 26, 2013

The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading:

Read More “Marcellus & Utica Shale Story Links: Tue, Feb 26, 2013”