GreenHunter & USCG Argue over Barging, Homeland Security Reviews
GreenHunter Resources continues to aggressively push back against the U.S. Coast Guard (USCG) with respect to barging brine from shale wells. Yesterday was the latest flare-up in the war of words between GreenHunter and the USCG. Once again GreenHunter COO Kirk Trosclair said the way they read the rules, they have permission under existing 1987 rules to barge it. And once again the USCG said no you don’t–not until we say you do. The latest twist is that the USCG says that brine might have high levels of radioactivity and so now the Dept. of Homeland Security is reviewing the whole matter. Which is a neat way of corrupting the issue–just claim there’s a national security issue and that shuts it all down. Still, GreenHunter is committed to begin barge shipments this year. However, we also learned yesterday that those shipments will not originate at GreenHunter’s proposed facility near Wheeling, WV…
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We hate to rain on Belmont County, OH’s parade, but we have to point out their celebration over the announcement about a potential ethane cracker plant announced on Wednesday may be a bit premature (see
As we told you Tuesday, Ohio is now squarely in the ethane cracker race (see
Last October MDN told you about the rumor that a pair of companies from Thailand and Japan were partnering with the aim of building an ethane cracker plant in the Marcellus/Utica region (see
Earlier this week we had some fun telling you about Hilcorp’s request to drill under a quarter of an acre of a cemetery in Columbiana County, OH (see
Very good news for the Ohio Utica Shale industry: RINO Gov. John Kasich’s plan to raise the severance tax is dead–at least for this year. Yesterday Ohio legislators stripped out a proposed tax hike from the state’s budget bill. We’re still not out of the woods yet as far as a tax increase down the road. Legislators decided to set up a “study committee” made up of both House and Senate members to consider a severance tax increase in the future. This is the third year in a row Kasich has tried and failed to raise the severance tax. Perhaps sensing yet another defeat on the tax issue, last month Kasich made a not-so-subtle threat that if the drilling industry doesn’t accept his 6.5% severance tax now, a ballot initiative may just pop up out of thin air to enact a higher severance tax–and that imitative would probably be for 10% or more (see
This is a strange and complicated tale that boils down to this: Aubrey McClendon has a singular talent for finding and taking money from people who later turn around and stick a knife in his back. You may remember in February the story we brought you that Chesapeake Energy had sued its former co-founder, Aubrey McClendon, claiming he stole data on his way out the door (see