Enerplus Energy Puts 47K Marcellus Acres Up for Sale, Wants $500M
Canadian energy company Enerplus Corp owns some 47,000 acres of Marcellus Shale leases in northeastern Pennsylvania representing 841 billion cubic feet (Bcf) of reserves. Most of that acreage, according to the company’s website, is currently “non-operated.” Enerplus does actively drill in the North Dakota Bakken Shale play. Enerplus has a problem: the company is about $530 million in the hole (in debt). The way out of that hole? Sell off their non-operated Marcellus acreage for ~$500 million (works out to be $10,638/acre). Reuters is reporting that three sources have confirmed Enerplus has put their Marcellus acreage up for sale–and the the “for sale” sign has caught the interest from investment firms here at home, and in Asia…
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In October of last year, MDN shared the news that Duke Energy, the largest electric power holding company in the United States and a utility with 7.3 million customers in the southeast and Midwest, announced they are buying Piedmont Natural Gas (see 
The Susquehanna River Basin Commission (SRBC), charged with protecting and managing the water resources in the Susquehanna River Basin, continues to perform its duty with distinction–unlike the completely dysfunctional Delaware River Basin Commission (DRBC). A fair share of Marcellus drilling happens within the SRBC’s jurisdiction in Pennsylvania. The SRBC has worked with the Marcellus industry, instead of against it (as the DRBC has done), to ensure drilling does not harm the Susquehanna River Basin water supply–a supply that eventually empties into the Chesapeake Bay. We credit the SRBC’s excellent performance to leadership (see 
Each year MDN partners with the Oil & Gas Awards to promote their Northeast Awards–a way for companies in the industry that operate with distinction to get recognized by their peers. In March 2017 the Northeast Oil & Gas Awards will celebrate their 5th year. Over the past five years there have been thousands of entries and hundreds of finalists and winners. While the O&G Awards boys keep their ears to the ground to discover stellar performers, they want to know who YOU think are the best companies in the region. Therefore, they have put together a very brief survey (takes less than two minutes). This is your chance to bring a worthy company to the attention of the O&G Awards–perhaps even your own company!
Duke University, as MDN has chronicled, has a long history of pumping out faux research that bashes fracking and fossil fuels, “research” that’s bought-and-paid-for by the Park Foundation, one of Duke’s major contributors (see 
Stephen Heins, an energy and regulatory consultant for a Wall Street firm, and former vice president of communication for Orion Energy Systems, is an occasional guest blogger here on MDN. Steve calls himself a “luke warmer” when it comes to the fairy tale that mankind is causing Mom Earth to toast. That is, he’s not convinced that man-kind is causing a catastrophic warming up, but he’s also not ruling it out. That’s OK, we forgive him. A lot of intelligent people believe in such things. At least he’s a skeptic! Steve recently penned an article that finds “several flaws” with President Obama’s so-called Clean Power Plan (which has been challenged in court by 29 states). The CPP outright kills coal, and it mortally wounds natural gas, as we’ve previously written (see 
The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading. In today’s lineup: Utica Shale drilling rigs now at 22, wells drilled 1,807; union members pack the hall to support OH pipeline; sales tax revenue up 65% in Utica counties; manufacturing jobs are the “crown jewel” of the shale revolution; oil and gas prices will rally, but it won’t last long; natgas rig count matters more than oil rig count; and more!