Skip to content
Marcellus Drilling News
Account Login
  • Home
  • About
  • Article Index
  • Calendar
  • Advertising
  • User Guide
  • SUBSCRIBE
Marcellus Drilling News
  • Energy Companies | Rex Energy

    Rex Energy 1Q16: Lost $62M, but Still Drilling in the Marc/Utica

    May 11, 2016May 11, 2016

    Rex EnergyRex Energy Corporation released its first quarter 2016 update yesterday. The company reported operating revenues were down 44% year over year. Although Rex lowered some of their expenses, the company lost $62 million in 1Q16. Production during the first three months of the year stayed just about the same as 1Q15–approximately 200 million cubic feet equivalent per day (Mmcfe/d). Rex spent $30.6 million drilling and completing wells in their various locations in the Utica and Marcellus during 1Q16–so at least they’re one driller who’s still drilling in our region. Here’s the update with details…
    Read More “Rex Energy 1Q16: Lost $62M, but Still Drilling in the Marc/Utica”

  • Accidents | Energy Services | Industrywide Issues | Pennsylvania | Pipelines | Spectra Energy | Westmoreland County

    TETCO Pipeline Up & Running Post-Explosion; Antis Exploit Accident

    May 11, 2016June 9, 2016

    Spectra blazeAn update on Spectra Energy’s Texas Eastern Transmission’s “Delmont Line 27” which exploded in Westmoreland County, PA on April 29 (see Texas Eastern Pipeline Explodes near Pittsburgh, Antis Celebrate). We previously told you that not only was Line 27 out of commission, so too were three other pipelines running through the same corridor, meaning 1 billion cubic feet of natural gas per day is not reaching certain mid-Atlantic markets (see Update on Spectra Pipeline Explosion Near Pittsburgh). The early evidence points to corrosion along welded seams, although the jury is still out and the exact cause may not be known for months (see Preliminary Guess on TETCO Pipeline Explosion Cause: Corrosion). That doesn’t stop antis from engaging in wild speculation and “I told you so” statements, as they are now engaged in. THE Delaware Riverkeeper, which opposed the expansion of horsepower/capacity at a compressor station close to the explosion, is now saying the increased flow rate through the pipeline caused the corrosion. Which all sounds reasonable–until you read the words “I can’t say for certain there is a cause-effect relationship between the increases in [compressor] horsepower and the pipeline explosion, but it is information that should be part of the public discussion about this incident and pipeline safety in general.” Translation: “We won’t let this crisis go to waste. It doesn’t matter what the real cause was, we’ll amp up this explosion in sympathetic anti-drilling news outlets like the Pittsburgh Post-Gazette and spread fear everywhere we can–so we can shut down natural gas in this country.” Below is an update from Spectra Energy that one of the four pipelines is now operating again, along with the latest attempt to demagogue and unfortunate accident with absolutely no evidence…
    Read More “TETCO Pipeline Up & Running Post-Explosion; Antis Exploit Accident”

  • Energy Companies | JKLM Energy | Pennsylvania | Potter County | Utica Shale

    Potter County, PA’s First Utica Well Fracked & Flowing

    May 11, 2016May 11, 2016

    JKLM logoAn MDN reader recently alerted us to a little-known fact: JKLM Energy has successfully drilled and is flowing gas from Potter County, PA’s first Utica Shale well. JKLM is owned by Terry Pegula, the guy who sold most of his Marcellus assets and used the money to buy the Buffalo Bills (see Buffalo Bills Stay in Buffalo, Thanks to $1.4B of Marcellus Money and Buffalo “Marcellus” Bills – Team Sold to Fracker for $1.4B). Pegula’s former company is East Resources. JKLM is Pegula’s way of keeping his finger in the Marcellus/Utica pie. We reported in Feb. 2015 that JKLM had signed a lease deal in Potter County (see Potter County, PA Hospital Leases Land to JKLM for Utica Drilling). There was an unfortunate incident during the drilling process (see JKLM Energy Accident Contaminates 5 PA Water Wells with Soap and PA DEP Issues Notice of Violation to JKLM Energy for Spilled Soap). But that got cleared up earlier this year (see DEP Gives All Clear for JKLM-Contaminated Water Wells in PA). Now, the first-ever Utica well in Potter County is flowing gas, and has been since January. Here’s the details…
    Read More “Potter County, PA’s First Utica Well Fracked & Flowing”

  • Chesapeake Energy | Energy Companies

    Latest SEC Filing Shows Chesapeake Doesn’t Rule Out Bankruptcy

    May 11, 2016May 11, 2016

    Chesapeake EnergyChesapeake Energy, the second largest natural gas driller in the U.S. (behind Exxon Mobil) and one of the largest in the Marcellus/Utica, has been on a roller coaster for the past few years. Corporate raider Carl Icahn bought himself a big slice of the company, and along with another corporate raider/Chesapeake investor, Mason Hawkins, they tossed CEO Aubrey McClendon out the door. The two then installed their own guy, Doug Lawler, who proceeded to slash jobs and sell assets–all in a bid to prop up the company’s stock price so these two corporate raiders can make a buck on their investment. We call it disgusting. Others call it business as usual. The result? Chesapeake’s stock tanked and there were rumors of an impending bankruptcy (see Chesapeake Energy: We’re Not Filing for Bankruptcy…Yet). But then Chessy’s bankers decided to keep a $4 billion line of credit open in April (see Lifeline: Chesapeake’s $4B Line of Credit Reaffirmed by Banks). That helped set off a rally in the company’s stock. But the rally has evaporated like St. Elmo’s fire. In a recent filing with the Securities and Exchange Commission, Chesapeake spoke plainly about the possibility that if the price of natgas does not recover soon, they may not be able to meet their debt obligations in 2017. In other words, “We may be heading for bankruptcy next year, if…”
    Read More “Latest SEC Filing Shows Chesapeake Doesn’t Rule Out Bankruptcy”

  • Energy Companies | EV Energy Partners

    EVEP 1Q16: Lost $62M, Production Up 17%

    May 11, 2016May 11, 2016

    EVEP logoAs we reported in March, EV Energy Partners (EVEP)–an upstream master limited partnership (MLP) created by EnerVest that holds enormous acreage in the Ohio Utica Shale play–is in survival mode (see EV Energy Partners: No New Utica Wells in 2016, in Survival Mode). In April the company quit paying unit holders (see Problem: EV Energy Partners Quits Paying Unit Holders ). Yesterday EVEP issued their first quarter 2016 update. In 4Q15 EVEP lost $71.3 million. In 1Q16 they lost $61.7 million–so at least their losses are getting smaller. However, total debt remains concerningly high–at $638 million. One small bright spot: EVEP’s production increased 17% year over year from 172.5 million cubic feet equivalent per day (Mmcfe/d) in 1Q15 to 201.4 Mmcfe/d in 1Q16. Here’s the latest update…
    Read More “EVEP 1Q16: Lost $62M, Production Up 17%”

  • Economic Impact | Industrywide Issues | New York | Pipelines | Statewide NY

    Gov Cuomo Turns NY into Sacrifice Zone with Frack & Pipeline Bans

    May 11, 2016May 11, 2016
    Karen Moreau
    Karen Moreau

    Yesterday API (American Petroleum Institute) New York Executive Director Karen Moreau held a conference call with reporters to discuss the importance of investing in energy infrastructure in the Empire State. By the way, API New York used to be called the API New York State Petroleum Council. Moreau spoke about Gov. Cuomo’s reckless actions in banning shale drilling, and now in preventing an important pipeline project–the Constitution–from being built. She pointed out that New Yorkers pay an average of 50% more for our electricity than residents in other states–mostly because of lack of pipelines and infrastructure in the state. When everyone thought Cuomo was about to allow fracking in select counties on a trial basis, antis called those counties “sacrifice zones.” We’re going to borrow their own language and use it against them. Gov. Cuomo has turned upstate NY into one, big economic sacrifice zone–sentencing residents to a life of poverty and enslavement. Why? To appease the people who vote him into office every four years (mostly located in New York City). A quid pro quo. Here’s an update on what Moreau said yesterday to reporters…
    Read More “Gov Cuomo Turns NY into Sacrifice Zone with Frack & Pipeline Bans”

  • Anti-Drilling/Fossil Fuel | Fayette County | Industrywide Issues | Research | Wastewater | West Virginia

    Latest Case of Duke U Bought & Paid “Research” by Park Foundation

    May 11, 2016May 11, 2016

    Duke logoIt’s good to know that “research” can still be purchased at the once-great Duke University. For years now the radical Park Park Foundation has been buying its research from a few select professors at a few select universities. One of the scientists for sale is Avner Vengosh, professor of geochemistry and water quality at Duke University’s Nicholas School of the Environment (see Duke Hit Piece on Shale Water Usage from Same Park-Sponsored Prof). Here’s how it works: Park funds Dr. Vengosh’s “research,” and he conveniently “discovers” all sorts of nasty things about shale fracking, publishing his “research” in obscure, peer reviewed journals. Mainstream media picks it up and runs it. Readers who only scan headlines get the impression fracking is evil. Mission accomplished for Park (another hit on fracking) and for Vengosh (another buck in his pocket). That’s how it works in the world of bought-and-paid-for fractivism. The latest is Vengosh’s claim that he found evidence of shale wastewater contamination downstream from a wastewater injection well in Fayette County, WV…
    Read More “Latest Case of Duke U Bought & Paid “Research” by Park Foundation”

  • Anti-Drilling/Fossil Fuel | Energy Services | Industrywide Issues | PennEast Pipeline | Pipelines

    Radical NJ Democrats Want to “Constitution” the PennEast Pipeline

    May 11, 2016May 11, 2016
    PennEast in NJ
    Click map for larger version

    Anti-drillers (most of them liberal Democrats) haven’t wasted any time in adopting Gov. Andrew Cuomo’s tactic of delay, deny and death. Antis in New Jersey took notice of how Cuomo first delayed, then denied the Constitution Pipeline stream crossing permits, effectively killing the project (see NY Gov. Cuomo Refuses to Grant Permits for Constitution Pipeline). The leaders of radical Big Green groups in NJ, including the New Jersey Conservation Foundation and the New Jersey Sierra Club, along with several Democrat members of the NJ legislature, want the state Department of Environmental Protection to deny permits for a different pipeline project–the PennEast Pipeline. Hey, if it worked in NY, why wouldn’t it work in NJ? Problem is, NJ has a Republican governor and the DEP is an executive agency. That won’t stop the antis from trying…
    Read More “Radical NJ Democrats Want to “Constitution” the PennEast Pipeline”

  • Alternative Energy | Anti-Drilling/Fossil Fuel | Industrywide Issues

    Sec. of Interior Calls “Keep it in the Ground” Protesters “Naïve”

    May 11, 2016May 11, 2016
    Sally Jewell
    Sally Jewell

    Sally Jewell, Obama’s Secretary for the Dept. of the Interior, has not endeared herself with anti-drilling zealots who inhabit (infest?) her own Democrat Party. Last week Jewell told a reporter that the “keep it [i.e. fossil fuels] in the ground” movement is “naïve” and there is NO WAY we will transition to 100% renewables any time soon. Oooo, harsh words! From an Obamadroid! One of the key issues, according to Jewell, is transportation. She said we don’t yet have solar-powered automobiles. And before someone embarrasses themselves to ask “What about electric cars?”…we’ll remind you that more than 70% of all electricity produced in the U.S. comes from burning fossil fuels. The electric in the battery of an electric car got there by burning coal and/or natural gas. If we “leave it in the ground” it won’t be long before you’re walking or riding horseback to get from point A to point B. You’d also have to give up television, radio and a host of other things powered by electricity. Unless you want to watch and listen when the sun is out. Here’s some tough words from Sec. Jewell for the crazies in her own party…
    Read More “Sec. of Interior Calls “Keep it in the Ground” Protesters “Naïve””

  • Best of the Rest

    Marcellus & Utica Shale Story Links: Wed, May 11, 2016

    May 11, 2016May 11, 2016

    best of the restThe “best of the rest” – stories that caught MDN’s eye that you may be interested in reading. In today’s lineup: FERC gives Millennium Pipe favorable review; well services co lays off 63 in Pittsburgh; western PA Utica production goes up; Mass. judge grants Kinder Morgan hollow victory in NED pipeline case; PHMSA agrees to extra 30 days to review new regs; energy deals elusive; and more!
    Read More “Marcellus & Utica Shale Story Links: Wed, May 11, 2016”

Search

Get Daily Headlines

Newsletter Optin

Recent MDN Issues

  • August 28, 2026
  • August 27, 2026
  • August 26, 2026
  • August 25, 2026
  • August 24, 2026

List of All Daily Issues

Most Recent Articles

  • 19 New Shale Well Permits Reported for PA-OH-WV Aug 17 – 23
  • Analyst: Appalachian Drillers Done Buying Pipeline Space
  • TECfusions Flips the Switch at New Kensington SWPA AI Data Center
  • DTE Asks Michigan for 2 Gas Plants — 2,100 MW of New M-U Demand
  • South Strabane Delays Fossil Fuel Power Ordinance Vote a 2nd Time
  • Behind-the-Meter Wins: SC OKs 457 MW Gas Plant for Data Center
  • Edge LNG, Marcellus Virtual Pipeline Pioneer, Sold to Sapphire Gas
  • MDN’s Energy Stories of Interest: Fri, Aug 28, 2026
  • EQT Water Spill in Greene County Still a Mess 62 Days Later
  • Washington Co. Brine Spill Doubles in Size, Cleanup Drags On

© 2009-2026 Marcellus Drilling News

  • Disclaimer
  • Terms of Service
  • Privacy Policy
  • Home
  • About
  • Article Index
  • Calendar
  • Advertising
  • User Guide
  • Subscribe
  • Log In