Cabot CEO Dinges Talks Marcellus, Midstream Challenges
MDN brought you the Cabot Oil & Gas second quarter update today in a related post. The company released their update yesterday. They also held a call for analysts and investors in which CEO Dan Dinges talked pretty frankly about his frustrations with Williams over problems with pipelines in Susquehanna County, PA where Cabot has drilled all of their PA Marcellus wells–to date anyway. Seems that Williams had some difficulties during the harsh winter and those difficulties stretched into 2Q14 as well…
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Where to begin? New York’s anti-drillers have sunk to a new low in their irrational quest to eliminate fossil fuels. They’ve resorted to intimidation, threats and now violence against public officials. For extra good measure, they’re poisoning the minds of New York’s school children–using them as props because they can’t get traction from the public for their own bizarro ideas. Let us explain the latest outrage in the antis’ fight to prevent a badly-needed liquid propane storage facility in Schuyler County, NY…
Marcellus and Utica Shale drillers who are looking to sell more of their condensate and natural gas liquids (NGLs) have a new option. Concord Energy has just announced they will open a new Utica/Marcellus condensate & NGL transloading facility (truck to rail) in Parkersburg, WV. The new facility, which should be operational by mid-August of this year, will allow Concord to ship up to 150,000 barrels per month of condensate and NGLs. Here’s the particulars…