National Media Acknowledges Marcellus Shale Saved the Bills
It’s not often that MDN sets the trend for national news, but we have to say we believe we did this time. Going back to June 2014, MDN speculated that if the Buffalo Bills franchise was purchased by billionairre Terry Pegula, it would be Marcellus money funding the purchase (see Fascinating Connection Between NFL & Marcellus/Utica). We then brought you the news that Aubrey McClendon, the former Chesapeake CEO and fracking “bad boy” the media loves to hate, would also help fund the purchase via his purchases of Marcellus and Utica property from Pegula (see Aubrey McClendon’s Money Makes Purchase of Buffalo Bills Possible). Last week the deal was struck and indeed, Pegula the Marcellus fracking billionaire, was the winner (see Buffalo Bills Stay in Buffalo, Thanks to $1.4B of Marcellus Money). After we reported that story on Wednesday, it took a couple of days, but eventually even Gannett and the Binghamton Press & Sun-Bulletin had to admit we were right. In an interesting twist, the PSB reports that NY Gov. Andrew Cuomo is gushing with praise for Pegula, which of course just points out his sleazy, political double-standard on the fracking issue…
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Hilcorp is having some bad luck in Mercer County, PA. Three weeks ago two storage tanks at a Hilcorp well pad caught fire and exploded–no one injured. Then, this past Saturday (three weeks later), a separator caught fire at a well pad. No big explosions this time–at least none that were heard. However, up to 20 homes had to be evacuated while the fire was extinguished. Once again, no injuries…
Big news from MDN friend and Marcellus/Utica driller Aubrey McClendon. McClendon, now CEO of American Energy Partners (and former CEO of Chesapeake Energy), told a Hart Energy conference yesterday that the companies he’s started since leaving Chesapeake will soon go public–each of them individually. And he’ll start even more companies that will go public. McClendon is adopting a “pure play” approach in which each company will be independently run and focus on a single shale play. Once again McClendon has taken the road less traveled and is pioneering a brilliant strategy to dominate the plays which he chooses to target. MDN’s words when the Chesapeake board dismissed Aubrey (from April 1, 2013) were prophetic: “Why is it an error to show McClendon to the door even in light of his aggressive financial deals? You think McClendon will take his piles of money and sit on a Caribbean beach somewhere? In your dreams! He’ll be back, and he’ll start (or buy) another company that will directly compete with Chesapeake. You can bank on it.” (see 
Shell has had an on-again, off-again, on-again love affair with North American shale (can anyone say “schizophrenia”?). In March, Shell’s new CEO Ben van Beurden said the company was not impressed with American shale plays and cutting back (see 
Long before the words “Marcellus” and “Utica” entered the public discourse and consciousness of Ohioans, there was the Clinton Sandstone. For years conventional drillers have been sinking wells in the Clinton, which is found 4,500 feet below the surface (the Marcellus and Utica Shale layers are deeper). The Clinton lies under 25 counties in eastern Ohio. Over the years, some 35,000 conventional (vertical) wells have tapped the Clinton Sandstone in Ohio. EnerVest, one of the largest acreage holders in the Utica Shale (and in the Clinton Sandstone), has embarked on a great experiment. What if you turned a Clinton Sandstone well horizontal, like a Utica or Marcellus well? Would it work? Could you get more gas out of the sandstone by fracking it like shale? EnerVest has drilled seven horizontal wells so far, with a permit to drill another and a request to drill a ninth. Here’s the details, along with the differences between a Clinton horizontal well and a Utica horizontal well…