One of the privileges of writing about the Marcellus/Utica industry is the occasional opportunity to attend worthwhile events and connect with the terrific people who work in this industry. Shale Insight (last week in Pittsburgh) was one of those events. MDN editor Jim Willis will attend another such event in a few weeks: Midstream PA 2019. Joe Barone, founder of Shale Directories, is the guy behind Midstream PA and similar events. Joe always puts on a good conference. Joe and Bryce Custer, from NAI Ohio River Corridor commercial real estate brokerage, have created a brand new event called the Appalachian Basin Real Estate Conference. Looks like another winner! Continue reading
MDN is on the road in beautiful Pittsburgh, covering the Shale Insight 2019 event, so today’s lineup of stories is all about yesterday’s opening day. We will return with full strength MDN news on Friday. Meanwhile, tag along with MDN and be a virtual attendee at our industry’s marquee event!
President Trump was in rare form as he addressed several thousand people at the 2019 Shale Insight event. He was the closing keynote speaker of the first day of the conference. MDN editor Jim Willis was there to capture the speech for our readers. After acknowledging and praising three cabinet officials who came along with Trump–Dept. of Interior Secretary David Bernhardt, Dept. of Energy Secretary Rick Perry, and EPA Administrator Andrew Wheeler (all of whom Trump had high praise for)–Trump opened his remarks this way: “I was here three years ago and you’re much happier now. You’re much wealthier now.” Trademark Trump! Continue reading
We snapped a number of pictures of President Trump’s speech yesterday. Unfortunately the camera on our phone isn’t the greatest, and we were sitting far back, so the shots are a bit blurry. We snapped quite a few of the big monitor to improve the images. We’re not sure it helped. At any rate, come along to virtually attend the rally! Continue reading
We thought we would bring you coverage of Trump’s speech from other sources, mainstream media sources. Believe or not, it was hard to find coverage! There was plenty of reporting on a small group of Trump haters who protested hours before (and even after) Trump visited Pittsburgh. A few were arrested for sitting down in an active roadway. The haters and their message largely had nothing to do with energy, which was the focus of Trump’s speech (excepting the sign you see in the picture, which we found hilarious). Haters gonna hate, just shake it off (Taylor Swift). Below we have several articles by reporters who attended yesterday’s Trump speech at the David L. Lawrence Convention Center in Pittsburgh. Continue reading
Shale Insight 2019, being held in Pittsburgh on Wednesday and Thursday, kicked off with a “fireside chat” between Marcellus Shale Coalition President Dave Spigelmyer and EQT CEO Toby Rice. While President Trump’s visit later in the day was certainly a highlight and focus (who doesn’t want to tell their kids and grand kids they saw the President?!), we would say, in all honesty, that the bigger highlight for those in the industry was the opportunity to hear Toby Rice. We would say his talk was more anticipated than Trump’s visit. Continue reading
Look who’s coming to town! President Trump will be the keynote speaker at Shale Insight in Pittsburgh next week. Trump previously addressed Shale Insight attendees in 2016 when he was running for president, and MDN was there (see Highlights from 2016 Shale Insight, Day Two – Trump!). MDN will be there again this time to capture Trump’s comments and share them with you. But President Trump isn’t the only reason to go… Continue reading
The National Association of Royalty Owners’ national convention has been under way this week in Pittsburgh, wrapping up today. One of the big topics at the event has been a push to get a “royalty check stub” bill passed in Pennsylvania. What’s that? It’s a bill that forces drillers to do a better, more detailed job of breaking down royalty statements so landowners/rights owners can see what expenses have been deducted from their royalty checks. Such a bill passed and went into law in West Virginia last year (see WV Royalty Transparency Law Sheds New Light Beginning June). PA landowners want the same kind of transparency that WV landowners get. Continue reading
One of the highlights for MDN editor Jim Willis in attending last week’s Northeast Petrochemical Conference in Pittsburgh was the opportunity to meet and hear speak Steve Schlotterbeck, former CEO of EQT. Steve is the guy who pulled off the buyout/merger of Rice Energy into EQT, creating the largest natural gas producing company in the United States. He had the guts to walk away from EQT when the board refused to pay him what he was worth (see EQT CEO Steve Schlotterbeck Suddenly Quits, Leaves Company). Last Friday morning Steve opened the final day of the conference with more guts and plain talk. He said the shale industry has been “an unmitigated disaster for buy and hold investors.” Whoa! What did he mean?
Several analysts at last week’s LDC Gas Forum Northeast conference in Boston offered their opinion that further growth in production for the Marcellus/Utica region is on the cusp of stalling. Why? Because they don’t see any new major pipeline projects on the horizon beyond the final “big 3” (Atlantic Coast Pipeline, Mountain Valley Pipeline, and PennEast Pipeline), and because major LNG export plants along the Gulf Coast will receive most of their gas from bountiful associated gas that comes from plays much closer to the Gulf, including the Permian and Midcontinent regions. Continue reading
Natural gas was front and center at the ninth annual Marcellus and Manufacturing Development Conference, an event of the West Virginia Manufacturers Association, held yesterday in Morgantown, WV. Among the speakers was Steve Winberg, U.S. Department of Energy assistant secretary for fossil energy. He mouthed strong support for the Appalachian Basin ethane “hub” saying the region can easily support up to five ethane crackers, and that could lead to $35 billion of investment and 100,000 jobs in the region. Continue reading
CERAWeek (by IHS Markit) is held each year in Houston, Texas. There is no doubt it is the world’s premier energy event. Last week U.S. Secretary of State Mike Pompeo addressed attendees, as did Secretary of Energy Rick Perry and the Chairman of the Federal Energy Regulatory Commissioner Neil Chatterjee. Movers and shakers. Everyone from Saudi Arabian oil sheikhs to wildcatting frackers from America’s shale plays were there. Continue reading
The Ohio Oil & Gas Association (OOGA) is currently holding their 72nd Annual Meeting in Columbus, Ohio. U.S. Vice President Mike Pence will address the event today. Cool! Kallanish Energy is at the event. They report that Encino Energy, which bought out all of Chesapeake Energy’s considerable Ohio Utica assets last year, was the “center of attention” yesterday. Continue reading
Once again Marcellus Drilling News is happy to partner with and support the Oil & Gas Awards, for 2019. The Awards boys have just released the of finalists for the Northeast Awards, being held March 14 in Pittsburgh. This year six of the entrants for the awards contracted with MDN editor Jim Willis to help them prepare their entries. It was a blast for Jim to dig in and understand more about the companies submitting an application for the awards–and to help them craft what we hope are winning entries! Jim worked with some true professionals from the companies entering the awards, it was a pleasure. Below is a list of the finalists. Good luck! Continue reading
Last week MDN friend and ace reporter Rick Stouffer from Kallanish Energy hosted a one-day event in Pittsburgh called “Kallanish New Horizons: Appalachin Basin.” One of the speakers was Tom Murphy, director of Penn State’s Marcellus Center for Outreach and Research (MCOR). MDN editor Jim Willis had the pleasure of presenting on the same panel with Tom at the National Association of Royalty Owners (NARO) Pennsylvania Chapter annual convention in State College, PA last March. Tom never disappoints! He certainly didn’t at last week’s Kallanish event. Tom spoke on the topic of Utica drilling–in PA and WV. Normally you think “Ohio” when you think Utica. And indeed, Ohio has the vast majority of Utica wells drilled (2,080 and counting). But there’s a fascinating trend of drilling Utica wells in both PA and WV. How many? Continue reading