Investors Not Convinced re EOG’s Utica Shale Drilling Program
Here’s something we had not previously heard: Investors (at least some investors) have “mixed or negative sentiment towards EOG Resources, particularly concerning its activities in the Utica Shale.” Some investors, according to Investing.com, are unsure that EOG’s Utica operation will perform well for the company and may be a drag on the company. An analyst with KeyBanc takes the opposite view and believes EOG’s Utica program will help the company.
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Encino Energy is one of the big success stories of drilling for oil in the Ohio Utica Shale. Roughly 5 ½ years ago, Encino Energy, in partnership with the Canada Pension Plan Investment Board (CPP Investments), closed on buying Chesapeake Energy’s Ohio Utica assets for $2 billion (see 
West Virginia natural gas drillers are excited at the prospect of the soon-opening Mountain Valley Pipeline (MVP), which will carry WV gas 303 miles from Wetzel County, WV, to Pittsylvania County, VA. During a recent meeting of the West Virginia Legislature’s Joint Standing Committee on Energy and Manufacturing, the CFO of Pillar Energy said it’s only a month or two until MVP will be online and flowing. Hallelujah! We [the O&G industry] were finally able to get this one done.
A new bill proposed by two Republican state lawmakers in Ohio would make it easier to site and build natural gas pipelines to areas of the state where pipelines currently don’t exist. If our reading of the bill language is correct, it is aimed at stimulating new jobs by running pipelines to industrial parks and businesses that currently are not serviced by natgas. The aim is to stimulate new jobs and opportunities in the Buckeye State. Smart.
CNX Resources has partnered with NuBlu Energy, an EPC (engineering, procurement, and construction) company, to introduce two exciting new solutions that use Marcellus/Utica gas — one solution for CNG (compressed natural gas) and the other for LNG (liquefied natural gas). The solutions are called ZeroHP CNG and Clean mLNG. Zero Horsepower (ZeroHP) CNG creates a decentralized CNG production market to meet better the growing demand for clean, affordable CNG energy. ZeroHP CNG eliminates the need for compressors to compress the CNG. How cool is that? As for LNG, a new low horsepower solution called Clean mLNG™ advances cost-effective and lower emissions production of small-scale LNG. We’re talking micro-scale LNG, making LNG available for just about anyone to use.
Isn’t it interesting how the devil continues to use the same tactics he has used since the very beginning of time? Lucifer (the Center for Climate Integrity, or CCI) is whispering lies to Eve (the Allegheny County Council) located in the Garden of Eden (Pittsburgh region, the unofficial headquarters of the Marcellus/Utica shale), enticing Eve to bite the fruit (launch a lawsuit against Big Oil & Gas companies), promising she’ll have more money than God if she sues and wins. Lucifer always leads with a lie. The end result is always the same — death. In this case, the death of Pittsburgh as the headquarters of the Marcellus/Utica. Will Eve do it this time? Or resist?
A team led by Penn State researchers has developed a new tool that can estimate the emissions potential of shale wells after they are no longer active. The researchers claim drillers can analyze their own drill cuttings (samples of shale rock) to determine how much potential there is for methane leakage after a well is abandoned. Which is interesting and perhaps even useful information for Marcellus/Utica drillers. However, a tangential factoid in the news story is what caught our interest and got our mental wheels churning. The factoid is this…
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