On Monday Williams issued a brief press announcement (below) to say they are one important step closer to purchasing and merging in Access Midstream–the former Chesapeake Midstream (see Big News: Williams Partners Buying Access Midstream for $6B). In fact, they’re a LOT closer…
Read More “One Step Closer: Williams Update on Purchase of Access Midstream”
A few weeks ago MDN told you that Chesapeake Energy had gone into labor with the prospect of birthing a spinoff of their oilfield services division. At the time labor began, we thought (based on Chessy’s statements) that the new baby would be born sometime around June 17 (see Chesapeake Oilfield Services Birth Date: June 17, 2014). Looks like it was an unusually long labor and delivery for the new baby company. Seventy Seven Energy (SSE) was born yesterday, on July 1…
Read More “Long Labor & Delivery: Seventy Seven Energy Born Yesterday”
Listen up Massachusetts anti-drillers who don’t want Kinder Morgan’s Tennessee Gas Pipeline expansion running through your backyard (see Small Group in Ashfield, MA Vote to Oppose Kinder’s TGP Pipeline). Without that pipeline, you’re faced with impending blackouts. No electricity. For extended periods. And that’s according to the Rhode Island Office of Energy Resources. At a joint meeting held in Manchaster, NH on Monday, officials warned that although there were no blackouts this past winter (a very brutal winter in New England), “That doesn’t mean that they can’t.”…
Read More “Officials: New England Faces Blackouts Without New Nagas Pipeline”
GreenHunter Resources, a subsidiary of Magnum Hunter Resources, is making small moves to compete with MarkWest Energy and Williams. Today, GreenHunter announced they are building (in a partnership with Major Pipeline LLC) three new, short pipelines. The three pipelines represent a total of 34 miles of new pipeline, when added together. One pipeline each will be dedicated to brine/wastewater, fresh water, and condensate. Two of the pipelines will originate in southwestern PA and one in WV. All of them will connect with one of GreenHunter’s barge terminals on the Ohio River. Also in the mix is a condensate “splitter”…
Read More “3 New (Short) Pipelines from GreenHunter in Tri-state Area”
Midstream company Energy Transfer Partners (ETP) announced a major new Marcellus/Utica Shale pipeline infrastructure project yesterday that will transport up to 3.25 billion cubic feet per day of northeast shale gas to markets in the Midwest and Canada. Dubbed the Rover Pipeline Project, ETP says they already have three important (and big) customers lined up to use the new pipeline system, including Aubrey McClendon’s American Energy Partners, Antero Resources and Range Resources. A binding open season to sign up more customer begins today and runs for a month. The first leg of the new pipeline will connect PA, WV and southeast OH processing plants by crossing Ohio, following an existing pipeline route. A second leg will connect northwestern OH to Canada by slicing up through Michigan. Here’s the particulars, along with a map…
Read More “Big News: ETP “Rover” Marcellus/Utica Pipeline to Midwest/Canada”
The hippie anti-drilling pipeline protesters from Lebanon Pipeline Awareness (Lebanon, PA) once again failed to get more than 50 people to turn out for another stop-the-Atlantic-Sunrise-Pipeline meeting, held last night held at the Church of the Good Shepherd in Lebanon. As MDN previously predicted, last night’s meeting was to plot a strategy to launch frivolous lawsuits (see Lawsuits Next Act for Anti-Pipeline Group in Lebanon County, PA?). An ambulance-chasing lawyer from out of town showed up and told the anti-drillers in attendance that their best chance of stopping the pipeline is not, however, frivolous lawsuits–it is instead an illegal zoning ordinance…
Read More “Lebanon PA Anti-Drillers Plot Ordinance Against Williams Pipeline”
For years MDN has told you about the proposed Inergy (now Crestwood Midstream) plan to open a badly needed underground propane storage facility along the shore of Seneca Lake in New York–in an already depleted salt mining cavern. In March 2013, 12 virulent anti-drilling protesters were arrested for blocking access to the facility–a facility that hasn’t yet been fitted for propane (see NY Protesters Arrested for Blocking NatGas Storage Facility). We’ve also pointed out New Yorkers pay nosebleed rates for propane because our governor refuses to permit the facility (see Northeast Propane Shortage – Andrew Cuomo Partially to Blame). There is a new effort under way to get some action on the Seneca propane storage facility from the 70,000-member Joint Landowners Coalition of New York…
Read More “JLCNY to Cuomo: Authorize Seneca Propane Storage Facility”
On Wednesday, C&J Energy Services, a smaller completion services company focused on the Permian and Eagle Ford Shale plays, announced they will merge into Nabors Industries, a completion and production company with operations in many on- and off-shore areas, including a major presence in the Marcellus Shale. The $2.86 billion deal will produce a new company using the C&J name but essentially owned by Nabors that will be in the top 5 fracking services companies in the U.S. They will compete with giants like Halliburton and Baker Hughes…
Read More “2 Companies Merge to Form Top 5 Frack Services Company”
A second oilfield services companies merging story today. Yesterday New Source Energy Partners announced their buying out two smaller companies–Erick Flowback Services and Rod’s Production Services. Both companies being purchased are headquartered in Oklahoma but both have meaningful operations in the Marcellus and Utica Shale. The $117 million deal means that New Source’s footprint in the Marcellus/Utica just got a lot bigger…
Read More “Buyouts in Oilfield Services Sector Impact Marcellus/Utica”
We’ve only spotted this news in (so far) two legal publications, but last Friday the Suessenbach Family Limited Partnership, using a Wilkes-Barre, PA law firm, launched a “sprawling class action” lawsuit against Chesapeake Energy and Access Midstream accusing the two companies of a $5 billion scheme to defraud landowners out of royalties rightfully due to them. MDN previously covered how this scheme worked (see Chesapeake Shafting Landowners out of Royalties Mess Gets Messier). This is the second such class action against Chesapeake over royalties in PA we’re aware of (see Bad to Worse: PA Royalty Owner Asks Court for Chessy Class Action). There are all sorts of ramifications from this latest lawsuit…
Read More “2nd PA Class Action Lawsuit Against Chesapeake re Royalty Fraud”
GreenHunter Resources is the frack wastewater hauling subsidiary of Magnum Hunter Resources. You may recall yesterday’s lead MDN story about dismissed lawsuits for MH (see Magnum Hunter Wins Dismissal in 5 of 6 Lawsuits Alleging Mismgmt). Yesterday GreenHunter issued a press release announcing a new sub-subsidiary: GreenHunter Hydrocarbons. This “grandson” of Magnum Hunter (“son” of GreenHunter) is a new business line for this increasingly complex corporate entity: They’re getting into the business of hauling natural gas liquids (ethane, butane, propane) including condensate and oil…
Read More “GreenHunter Launches Hydrocarbon Hauling Subsidiary in Northeast”
Last September MDN told you about an innovative new $300 million gas-to-liquids (GTL) plant being built in Ashtabula, OH that will convert Marcellus and Utica Shale gas into chemicals and diesel fuel (see Utica Shale Gas-to-Liquids Plant Planned for Ashtabula, OH and More Details on Ashtabula, OH Gas-to-Liquids Plant). The plant is being built by a Houston-based company called Pinto Energy using technology created by Velocys. This morning Velocys announced they’re buying out Pinto Energy lock, stock and barrel–100%–including (and primarily for) the Ashtabula GTL plant now under construction…
Read More “UK-based Velocys Buys Ashtabula, OH GTL Plant”
The hippie protesters of Lebanon Pipeline Awareness are feeling positively rejuvenated. They haven’t had this much fun since the 1960s. The anti-fossil fuel group was formed in Lebanon County, PA to oppose a new 27-mile pipeline Williams plans to build as part of its Atlantic Sunrise Project (see Williams Plans $2.1B Transco Pipeline Expansion, 100% Sold Already). Lebanon Pipeline Awareness can’t get more than 50 people to attend their meetings, and when they do show up, they have to be handed talking points so they know what to say (see Lebanon, PA Group Coaches Blind Followers to Oppose Pipeline). When denied a public forum at a recent Williams open house on the proposed pipeline, the Lebanon protesters sat on the floor and stomped their feet like the babies they are (see Williams’ Smart Open House in Lebanon County Confounds Antis). What to do now? They can’t get any traction with public opinion, so the next act is to hire a lawyer and file frivolous lawsuits…
Read More “Lawsuits Next Act for Anti-Pipeline Group in Lebanon County, PA?”
An anti-driller from Ashfield, MA says she wants her chance to stand in front of a Kinder Morgan bulldozer to try and stop the proposed Tennessee Gas Pipeline expansion from coming through their town. We sincerely hope she gets the opportunity. 🙂 Some 200 “voters” who are virulent anti-drillers packed an Ashfield town meeting to vote in favor of two resolutions against the proposed Kinder Morgan TGP pipeline (for background, see Reaction to TGP’s Planned Pipeline Across Massachusetts). The Democrat governor of Massachusetts and the governors of five other New England states want and desperately need that pipeline (see Blue State Blues: 6 New England States Want New Natgas Pipeline). But true to form, at least some towns along the proposed route, including Ashfield, have revived the old hippie brigade to begin a round of new protests (gives their lives a little purpose, a chance to relive the glory years of the 60s)…
Read More “Small Group in Ashfield, MA Vote to Oppose Kinder’s TGP Pipeline”
You’ve heard of save the whales, save the snail darters, and maybe even save the tree bats (see Natgas Jumps Thru Hoops for Bats While Solar Farm Torches Turtles). The latest anti-drilling faux excuse for stopping the already-authorized, permitted and public hearing’d to death Constitution Pipeline in upstate New York is, yes, save the American bald eagle! We learn from the anti-drilling Oneonta Star that bald eagles are rather discriminating. They don’t mind traffic noise from a busy interstate highway less than a half mile from their nests–but if Williams happens to do a little blasting of bedrock so they can lay pipe–that will scare the bald eagles right out of their tail feathers…
Read More “Save the Bald Eagles in NY! Next Hurdle for Constitution Pipeline”
A new competitor for Halliburton and Baker Hughes? Maybe! Four oilfield services companies, some of which have operations in the Marcellus/Utica, have combined to form a new company. The four companies are: Northern States Completions, Tripoint LLC, CDK Perforating and Integrated Production Services Canada. The new company is called Nine Energy Service and is headquartered in Houston, TX. Why the unusual name Nine? It’s aspirational. On a scale of 1-10 with 10 being perfect, they aspire to be a 9, which is about as good as you can get. Hence the name, which is kind of cool. Here’s the press release announcing the merger of the four into one with hopes of becoming a nine…
Read More “4 Companies Merge to Form New Oilfield Services Firm”