Marcellus Drilling News

Energy Companies | EnerVest | Industrywide Issues | Jobs | Range Resources Corp | Statewide VA | Virginia

158 Range Resources Employees in SW VA May Lose Jobs by Dec 30
November 23, 2015November 23, 2015

Three weeks ago MDN told you that Range Resources had decided to sell 3,500 operated wells and approximately 460,000 net acres in the Nora/Haysi combined fields located in southwestern Virginia for $876 million to an unnamed buyer (see Range Sells Coal Bed Methane Wells in VA, Focusing on Marcellus). The Nora/Haysi operation consists of coal bed methane natural gas wells–an operation more akin to conventional drilling than shale drilling. The reason for the sale, as we told you at the time, is so Range can pay off debt and continue to concentrate on more profitable Marcellus Shale drilling. We now know that EnerVest is the buyer of the Nora/Haysi fields. We also have sad news that it’s possible (not certain but possible) that 158 jobs associated with the wells/operation may not make the transition. Range has filed a WARN notice (Worker Adjustment and Retraining Notification Act) that 158 workers in Dickenson and Washington counties (in southwest Virginia) could be out of a job by December 30th. Merry Christmas…
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Energy Services | Industrywide Issues | Michigan | NEXUS Pipeline | Ohio | Pipelines | Regulation | Spectra Energy | Statewide MI | Statewide OH

Spectra Energy Files Formal FERC Application for NEXUS Pipeline
November 23, 2015November 23, 2015

Pop the cork on the champagne bottle! Last Friday Spectra Energy and its partners filed their full, formal application with the Federal Energy Regulatory Commission (FERC) to get the federal agency’s approval for the NEXUS Gas Transmission pipeline project. The NEXUS is a $2 billion, 255-mile interstate pipeline that will run from Ohio through Michigan and eventually to the Dawn Hub in Ontario, Canada. It is a critically needed pipeline to move Utica and Marcellus Shale gas from an over-saturated market in the northeast to markets in the Midwest and Canada. Below is the official good news press release from Spectra Energy announcing the filing…
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Energy Services | Industrywide Issues | Kinder Morgan | Pipelines | Regulation | Tennessee Gas Pipeline

Kinder Morgan Files Formal FERC Application for NED Pipeline
November 23, 2015November 23, 2015

Friday was a big day for pipelines in the Marcellus/Utica. Spectra Energy filed an application with the Federal Energy Regulatory Commission (FERC) to build the NEXUS Gas Transmission pipeline (see our companion story today). In addition, Kinder Morgan filed their formal application with FERC to build the massive $5 billion expansion of the Tennessee Gas Pipeline system from Pennsylvania into New York, Massachusetts, New Hampshire and back into Massachusetts where it will end near Boston–called the Northeast Energy Direct (NED) project. All pipeline projects face irrational opposition, but the NED project faces some of the fiercest opposition, including an anti-fossil fuel crusade against NED by the Massachusetts Attorney General Maura Healey (see Anti-Drilling MA Attorney General: We Don’t Need No Pipelines). The battle is about to reach fevered pitch now that Kinder Morgan has filed the official application…
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Blue Ridge Mtn Res/Magnum Hunter | Energy Companies | Energy Services | GreenHunter Resources

GreenHunter Board Member Sells All of His Company Stock
November 23, 2015November 23, 2015

GreenHunter Resources, the wastewater subsidiary of Magnum Hunter Resources (MHR), has essentially become a penny stock. Parent company MHR is close to declaring bankruptcy (some are saying it’s all but a formality at this point). MRH’s status seems to be weighing on its subsidiary companies, like GreenHunter. One of the members of the Board of Directors for GreenHunter, Ronald H. Walker, sold 196,470 shares of company stock he owned last Wednesday and Thursday. That is, he sold ALL of the stock he owned in GreenHunter–every last share. What did he get for all of those shares? A measly $35,364.60. Next to nothing. It averaged 18 cents per share. What does Walker know that we should know?…
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Industrywide Issues | Pennsylvania | Warren County | Wastewater

WTC Upgrades Warren, PA Plant, Accept Marcellus Wastewater Again?
November 23, 2015November 23, 2015

We’re returning to a story we last wrote about over a year ago. In October 2013 MDN told you the radical national anti-drilling organization Clean Water Action (CWA) had sued a small Pennsylvania company by the name of Waste Treatment Corporation (WTC) in Warren, PA in federal court claiming the company continued to accept, treat and discharge Marcellus drilling wastewater into the Allegheny River (see CWA Sues/Accuses Waste Treatment Corp of Continued Shale Pollution). WTC was supposed to have stopped that practice two years earlier, in 2011, after then-Secretary of the Dept. of Environmental Protection (DEP), Michael Krancer, got all such operations to cease and desist. Responses to the CWA lawsuit from both the WTC and the DEP raised more questions than they answered for us (see Waste Treatment, PA DEP Respond to CWA Lawsuit). In September 2014, CWA announced they had reached a settlement of the case with WTC agreeing to immediately stop accepting/discharging Marcellus wastewater (even though they say they don’t), install expensive new equipment, and then restart accepting Marcellus wastewater processing again (see CWA v Waste Treatment Corp Wastewater Discharge Lawsuit Settled). The new news is that WTC has installed the aforementioned new technology, news that we get from a press release from the company that sold them the technology. What we don’t know is when, or if, WTC will once again begin to accept Marcellus Shale wastewater at the plant…
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Energy Services | Industrywide Issues | M&A | Marathon Petroleum | MarkWest Energy

War of Words Continues: 2 More Proxy Cos Endorse MarkWest Sale
November 23, 2015November 23, 2015

The public relations battle between the current management and board of MarkWest Energy, who stand to personally benefit from a sale of the company to Marathon Petroleum (via Golden Parachutes), continues. On Friday MarkWest issued another press release (seems they’re coming along almost daily now) to encourage people to vote “yes” with their units. MarkWest is claiming two more proxy advisory firms have endorsed the deal–Glass Lewis and Egan-Jones. It was just last week that MarkWest’s former CEO issued another press release of his own telling the world this is a bad deal for common unitholders and should be voted down (see War of Words: Battle to Sell MarkWest Energy to Marathon Heats Up). MarkWest, in their latest press release, re-issued their plea for anyone with even a couple of units (think “shares of stock) laying in a drawer somewhere to vote–every vote counts in this battle…
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Industrywide Issues | Statewide WV | Taxation | West Virginia

WV Politicians: Raise Severance Tax, Lower Property Tax
November 23, 2015November 23, 2015

What is it about politicians needing to get their grubby hands on YOUR money? A group of West Virginia state politicians–delegates and one state senator, both Democrats and Republicans–held a town hall meeting at West Virginia Northern Community College last Thursday in which they pontificated that the severance tax in WV is too low, and property taxes for Marcellus/Utica Shale landowners are too high. Below is a summary of the back and forth at the meeting. The somewhat ominous (from our perspective) talk at the meeting is that in this down market politicians want to further kill the drilling industry (the one bright spot) in their state by taxing it higher…
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Anti-Drilling/Fossil Fuel | Industrywide Issues | Ohio | Statewide OH

Antis Use Radiation Fears to Oppose Drilling in Wayne Natl Forest
November 23, 2015November 23, 2015

You just have to shake your head. We’ve heard just about every anti-drilling objection a thousand times before, but it never ceases to amaze us how objections get recycled. And every last one is a ruse–meant to distract from the real issue, which is anti-drillers believe in the global warming myth and THAT is the REAL reason they oppose drilling. They don’t/can’t object to drilling for reasons like fracking contaminates water supplies (it doesn’t), or because it causes earthquakes (it doesn’t), or because it releases enough radon to give you cancer (it doesn’t). That last one is the latest objection anti-drillers who live in or near the Wayne National Forest in Ohio are using to try and scare people into support a ban on fracking in the Forest. We’ve been hearing that canard since 2012 (see The Latest Anti-Drilling Scare Tactic: Radon in Shale Gas). The thing about radon, an isotope of radium, is that it’s naturally occurring and found just about everywhere in the northeast–and people aren’t dropping like flies. In fact, the U.S. Geological Survey did a study and found both methane and radon in the water supplies in Pike County, PA–where there IS NO shale drilling (see USGS Study: Pike County Water has Methane, Radon – No Drilling). How do you mitigate radon if you have it in your basement? You vent it to the air where it become inert! But facts haven’t stopped the nutters from coming out of the woodwork in Ohio to claim radium/radon is going to kill everyone if fracking is allowed in the Wayne National Forest…
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Allegheny County | Industrywide Issues | Pennsylvania | Regulation

Pittsburgh Post-Gazette Slavishly Supports Obama’s CPP Takeover
November 23, 2015November 23, 2015

Once again the editorial writers from the Democrat, left-leaning Pittsburgh Post-Gazette show their true Democrat colors. President Obama, as we have reported, has made a breathtaking dictatorial power grab with his EPA’s so-called Clean Power Plan (CPP), a plan that not only screws coal royally, it screws natural gas too (see Obama Stabs Natural Gas Electric Plants in Clean Power Plan). The plan is so bad, 26 states (MORE THAN HALF) are suing to stop it (see 26 States Ask Federal Court to Shut Down Clean Power Plan Now). But America’s most liberal governor (Tom Wolf) and his Secretary of the Dept. of Environmental Protection (John Quigley) support the natural gas-killing CPP (see PA Anti-Fossil Fuel Groups Praise Wolf/Quigley for Supporting CPP). And now the Post-Gazette feels it necessary to try and twist public opinion in favor of this horrible plan too…
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Industrywide Issues | Regulation

Obama Releases Timeline for Fed Power Grab of O&G Regulation
November 23, 2015November 23, 2015

It’s time for the individual states of these United States of America to tell the federal government to screw itself–and REFUSE to comply with directives from the totally out-of-control Environmental Protection Agency and Obama’s so-called Clean Power Plan. Some 26 states (over HALF) have sued to stop the plan (see 26 States Ask Federal Court to Shut Down Clean Power Plan Now). The lawsuit isn’t slowing down the Dictator in Chief, Barrack Hussein Obama, whose administration on Friday released a timeline for a final push next year to take away more rights and freedoms granted under the Constitution by forcing the CPP down the throats of states who won’t comply. Obama and his various departments are going to illegally regulate oil and gas (something the Constitution leaves to the individual states)–unless we stop him. We say the states should rise up and refuse to comply and, if necessary, create a Constitutional crisis–if that’s what it takes…
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Industrywide Issues | Regulation | Research

EIA Stats Reveal Obama CPP Plan to Lower CO2 Isn’t Needed
November 23, 2015November 23, 2015

Why in the world is Obama pushing so hard to regulate oil and gas when carbon dioxide emissions, ACCORDING TO HIS OWN ADMINISTRATION, are going down?! Today the U.S. Energy Information Administration, part of the Dept. of Energy (an executive branch agency), issued a post on their website chronicling the decrease in CO2 emissions coming from energy from 2005-2013. Why are CO2 emissions going down? One word: shale. We might add a second word: fracking. The planet is getting healthier (if you believe in global warming nonsense) because of shale energy–and yet Obama wants to throttle it! Maddening…
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About MDN | Calendar

Calendar of Events for Nov 23 – Feb 22 (90 Days)
November 23, 2015November 23, 2015

Below are upcoming events for the next three months (90 days). To see the full list of future events, visit this page: //marcellusdrilling.com/calendar/.

NOTE: To have an item included, please email it to: calendar@marcellusdrilling.com.
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Best of the Rest

Marcellus & Utica Shale Story Links: Mon, Nov 23, 2015
November 23, 2015November 23, 2015

The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading. In today’s lineup: What would Magnum Hunter bankruptcy mean for Antero Resources?; frackaphobia on the Hudson; smile! you’re on Earthworks candid camera; Philly refiners slow down crude from the Bakken; PennEast responds to enviro objections; EQT gets its day in Supreme Court; prominent scientists debunk CO2 nonsense ahead of UN summit in Paris; no $3 gas anytime soon; Bernie Sanders tells fossil fuel industry to go to hell; and more!
Read More “Marcellus & Utica Shale Story Links: Mon, Nov 23, 2015”