Belmont County, OH Farmers & Rice Energy Have Something Special
Rice Energy and farmers in rural Belmont County, OH have a great relationship. You can tell by the way each talks about the other. Farmers love Rice because the company is responsible and works with farmers to protect their land and farming livelihood. And the farms of Belmont County have treated Rice Energy well–very well. Yesterday MDN reported on first quarter 2016 production in Ohio (see MDN Exclusive: Analysis of Ohio’s 1Q16 Shale Production). If you look at the average daily natural gas production for 1Q16, the top 14 highest producing wells (daily average) are all located in Belmont County and they were all drilled by Rice Energy. Yes, the farmers of Belmont and Rice have something special going on. You might call it a love story…
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We’ve written plenty of stories about midstream (pipeline) companies “giving back” to the communities where they either currently, or plan in the future, to operate. Typically midstream companies donate a few thousand dollars to various nonprofit groups. It adds up. Recently PennEast Pipeline donated $85,000 to 17 different groups (see 
There is something about the proposed merger of Energy Transfer Equity and Williams that’s been bugging us. A uneasy feeling. Why is Williams trying so hard to make this deal happen–when they resisted it just as hard in the beginning? What changed? Why are they now insisting that ETE–who has gotten cold feet and wants out–go forward? Recently Williams published a letter from Institutional Shareholder Services (ISS)–a “leading proxy advisory firm”–recommending that shareholders in Williams vote “yes” on the merger with ETE (see 
An issue we’ve highlighted before and one we’d rather not talk about–but must–is the issue of layoffs in the Marcellus/Utica industry. A recent article in the Pittsburgh Times-Tribune paints a heart-wrenching picture of how layoffs are affecting places like Westmoreland County, where personal bankruptcies and home foreclosures are spiking due to energy industry layoffs…
Earlier this month MDN told you about five enviro gangsters who were arrested in Vermont for illegally chaining themselves to equipment to stop work on a new transmission pipeline–41 miles long–between Colchester to Middlebury (see 
We now know why the oil and gas industry has laid off some 200,000 people over the past few years–they’re not spending money. A new research report from powerhouse consulting firm Wood Mackenzie finds that global upstream development (i.e. drillers) have cut their spending from 2015-2020 by 22%. If you role in cuts to conventional drilling, the total amount cut from budgets (worldwide) from 2015-2020 is a staggering $1 trillion! One of the biggest expenses in a drilling operation is human resources–people. Unfortunately we don’t have a copy of the £1000 (~$1,500) report to share with you. But we do have a high level overview provided by Wood Mackenzie…
The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading. In today’s lineup: Millcraft building $20M hotel in Beaver County, near cracker plant site; can Shell ever overtake Exxon as world’s top major?; US leads all countries in lowering CO2 emissions; coal’s prospects bleak; Europe’s rise in natgas; the snake also rises; and more!