Cabot Effort Raises $4.4 Million for PA Physicians Clinic [Free]
Earlier this year, Cabot Oil & Gas committed to donate up to $2 million to help fund building a new physicians clinic and hospital for the Montrose, PA area (see this MDN story).
This is “the rest of the story” as Paul Harvey used to say. Cabot indeed contributed an initial $1 million and then worked hard to encourage others to give. Local businesses and organizations like the VFW stepped up with big contributions and gave $1.2 million on top of Cabot’s initial $1 million. Cabot then went above and beyond, matching their donations with another $1.2 million! In addition, the Weinberg Foundation wrote a check for $1 million too. Total raised? $4.4 million. (Be sure to watch the video below.)
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It appears that ESB Bank (located in the Pittsburgh, PA area) is running a scam on Pennsylvania landowners with Marcellus Shale leases. ESB doesn’t tell landowners with leases looking to finance or refinance a mortgage that they won’t approve the application because of the lease—until after the homeowner has spent $500 to have an appraisal done. Oh, and ESB keeps the $500—sorry, no refunds.
The Joint Landowners Coalition of New York (JLCNY) yesterday emailed an “urgent call to action” to New York landowners and those in the state who support natural gas drilling. The JLCNY has received a tip from “credible sources” that Gov. Andrew Cuomo has been asked to once again delay the release of new drilling rules in New York, known as the SGEIS, until after the election on Nov. 6—effectively meaning “not until 2013.” The JLCNY call to action asks landowners and gas supporters to phone the governor’s office, along with the offices of other prominent politicians, asking them to not delay the release of new drilling rules.
Since the beginning of 2012, hardly a quarterly earnings/operations report from an energy company, nor a story about natural prices, has failed to point out how drillers are now focused on “wet gas” areas in shale plays. For the Marcellus and Utica region, that means a shift from drilling in northeast PA to southwest PA, northern WV and eastern Ohio, where wet gas deposits are found. Wet gas simply means there are extra hydrocarbons that come out of the bore hole along with “dry gas,” i.e. methane. Wet gas hydrocarbons include propane and ethane.