PA DEP Fines Butler County Gathering Pipeline $185K for Erosion

MDN spotted an announcement issue by the Pennsylvania Dept. of Environmental Protection (DEP) stating they’ve assessed a $185,000 fine on the Constellation Pipeline and its builder EM Energy (i.e. EdgeMarc) for a series of violations when building the pipeline in 2014-2015. That sent us digging. We don’t recall a Constellation Pipeline (and we’ve been writing MDN since 2009). What is the pipeline? Where, in PA, is it located? What is its purpose? We think we found most of the answers…
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Update on EdgeMarc – 53K Acres Split Between Marcellus & Utica

EdgeMarc EnergyLast week the Canton Regional Chamber of Commerce and ShaleDirectories.com co-hosted the Utica Upstream conference at the Pro Football Hall of Fame in Canton, OH. MDN previously gathered up reported comments from the person who seemed to steal the show, Maria Cortez of energy research firm/consultant Wood Mackenzie (see Utica Event: OH Landowners Will Lose $6.5B in 5 Yrs, NEXUS Nixed). She predicted the NEXUS pipeline will not get built. However, there were a number of other interesting speakers at the event. One of them was Callum Streeter, Chief Operating Officer at EdgeMarc Energy Holdings (driller based in Canonsburg, PA). EdgeMarc drills in both PA and in OH. Streeter gave a good overview of his company. EdgeMarc’s leased acreage is split just about 50/50 between Marcellus and Utica…
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Marcellus Driller EdgeMarc Gets $300M from Ontario Teachers

money bagEdgeMarc Energy is a small driller headquartered in the Pittsburgh area, formed in 2012. The company has leased 50,000 acres in the Marcellus and Utica Shales. On Monday EdgeMarc issued a press release to announce they’ve attracted a new investor–the Ontario Teachers’ Pension Plan–which has promised the company up to $300 million in cash in return for part ownership (called an “equity commitment”). The announcement also says EdgeMarc currently drills and produces natural gas in Monroe and Washington counties in Ohio, and Butler County in Pennsylvania. In checking the latest issue of our 2015 Marcellus and Utica Shale Databook series, Volume 2, we find that EM Energy (which we assume is EdgeMarc) received permits to drill or continue work on 11 different wells in Butler County from May through August 2015 (see our Databook chart below). Including an existing equity commitment from Goldman Sachs, EdgeMarc, a private company, has now sold off $750 million worth of the company to outside investors…
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More Utica Drilling on the Way in Washington County, OH?

We’re always on the lookout for signals–little things that we notice that may indicate where drilling will increase or decrease. We think we’ve found another one. EdgeMarc Energy is a small driller headquartered in the Pittsburgh area, formed in 2012. The company, according to their website, now has 50,000 acres leased in the Marcellus and Utica Shales. In checking our Marcellus and Utica Shale Databook series, we’ve not found a single permit issued to EdgeMarc, ever, but we have found a reference on MDN to a joint venture with Magnum Hunter Resources (see Magnum Hunter JV Deal with EdgeMarc to Drill 1,080 Acres in OH). EdgeMarc’s jv with MHR is interesting because the 1,080 acres targeted for jv drilling are in Washington County, Ohio, a county that has seen some, but not a lot, of Utica Shale drilling in the past (an average of 1 permit a month). Here’s the signal we’ve found that perhaps EdgeMarc, or jv partner Magnum Hunter, is about to ramp up more drilling in Washington County, Ohio…
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MarkWest Expanding Again in Butler County, PA with Rex & EdgeMarc

When you have a good thing going, like MarkWest Energy does with its Keystone processing complex in Butler County, PA, you keep growing it. And that’s just what MarkWest is doing. The company announced today they have a couple of new customers for the complex–Rex Energy and EdgeMarc Energy. The new customers will each get their own 200 million cubic feet per day (Mmcf/d) processing plants in the Bluestone facility–part of the Keystone complex that includes Bluestone and Sarsen facilities. In addition, MarkWest is also adding an additional 40,000 barrels per day (Bbl/d) of de-ethanization capacity and over 20,000 Bbl/d of additional propane and heavier NGL fractionation capacity. It means more capacity, more production, more money for landowners, and more major money will be invested in Butler County…
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Magnum Hunter JV Deal with EdgeMarc to Drill 1,080 Acres in OH

This morning Magnum Hunter Resources announced a new, small joint venture with EdgeMarc (EM Energy Ohio) to drill on and under 1,080 acres of Marcellus/Utica property in Washington County, OH. This is the third such smallish jv between Magnum Hunter and other companies to drill in either the Marcellus or Utica Shale…
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EdgeMarc Energy in the Hunt for 15-20K Acres in PA Marcellus

Conventional wisdom says that in Pennsylvania, West Virginia and Ohio most (or all!) of the land available to lease for Marcellus and Utica Shale drilling is already leased. If you’re an energy company that wants a piece of the Marcellus action, you’ll have to buy acreage from a competitor.

According to newly formed energy company EdgeMarc Energy, that bit of conventional wisdom is wrong:

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