Texas Merger Leads to New OFS Company in the Marcellus
Clearlake Capital Group, a private investment firm with gobs of money ($3 billion of assets under management) has purchased a Texas oilfield services company, Globe Energy Services, and a Texas-based industrial equipment rental company, Light Tower Rentals (LTR) and has merged them together into a new company called GlobeLTR. Details of the transaction (how much Clearlake paid) were not disclosed. What does this M&A story have to do with the Marcellus? According to its website, LTR has a meaningful operation in the Marcellus Shale (in Oakdale, PA, not far from Pittsburgh), and while the combined new OFS company will mainly target business in the expanding Permian Basin in Texas, it will also continue operations in other areas, including the Marcellus. Does that mean drilling and fracking (i.e. “pressure pumping”) services will be added to the existing equipment rental business in the Marcellus? We don’t know–but it’s certainly something to keep an eye on…
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The sharp folks over at the Pittsburgh Business Times have been looking through data from the Pennsylvania Department of Environmental Protection (DEP) and have compiled a list of 20 drillers who have at least a dozen shale wells in the southwest PA region. And they ranked them from lowest to highest. We’ve grabbed the list below. The interesting thing for MDN is that there is one name in the list not familiar to us, and we’ve been watching this space since 2009. Always fun to learn something new. Here’s the list of southwest PA’s “Top 20” Marcellus drillers…
We have a concern about the kind of education being offered by the very high-priced University of Pittsburgh. What are the professors actually teaching to those young skulls full of mush? Judging by the kinds of editorials coming from the student-run Pitt News newspaper, we’d have a big concern about the education (or rather, miseducation) coming from Pitt, especially if we were parents of students at Pitt. In today’s editorial, titled “No Mariner East II pipeline, period.”, the writers actually, fantastically say this: “But as our levels of dependency on oil combined with estimates of what’s left in the earth come to a head in the next few decades, investing in infrastructure to increase our fossil fuel consumption is both unwise and irresponsible.” Are these young people just really stupid? Or have they been miseducated? Do they not know that the same flawed, “We’re going to run out of fossil fuels any decade now” thinking has been around for the past 40+ years? And that we have MORE supplies of fossil fuels today than we thought possible just a decade ago? The entire editorial is a rail against Mariner East 2, and against all pipelines, because they flow fossil fuels. This is nuttery. And frankly, it’s not acceptable from so-called “educated” students at a reputable university. We think an investigation should be launched into how this sort of obviously flawed thinking can happen at a place like Pitt…
In January 2016, Invenergy announced their intention to build a natgas-powered electric plant in Elizabeth Township, in Allegheny County (see 
An accident related to shale drilling is responsible for dumping some (not sure how much) acid mine drainage (AMD) from an abandoned coal mine into the Monongahela River last weekend. Which sounds worse than it actually is. Water that seeps into old coal mines mixes with pyrite (iron-sulfide) and oxidizes, turning the water an orange/brown color. The water becomes somewhat acidic. We previously talked at length about acid mine drainage coming from the Old Forge bore hole near Scranton, and about Marcellus money being used to help clean it up (see 
A former U.S. Steel pipe manufacturing plant near Pittsburgh (in McKeesport) has been leased to Dura-Bond Industries and will re-open in the next 6-9 months, according to the president of Dura-Bond. The plant will hire around 100 people (fantastic news for Pittsburgh). According to the Pittsburgh Business Times, Dominion’s $5 billion, 594-mile Atlantic Coast Pipeline–a natural gas pipeline that will stretch from West Virginia through Virginia and into North Carolina–will use Dura-Bond pipe. Our conclusion: One of the reasons (perhaps THE reason) for the McKeesport facility re-opening is to produce Atlantic Coast Pipeline pipes…
In the past MDN has highlighted the great work done by the Norton Rose Fulbright (NRF) law firm, most recently just last month (see 
A special offer to MDN readers from the Appalachian Pipeliners Association (APA). MDN readers are invited to the January 2017 APA Dinner Meeting and Presentation: Oil & Gas Journal’s Forecast and Review–2017. Presented by Oil & Gas Journal Editor, Bob Tippee, the presentation (on Jan. 17) is sure to benefit industry operators and suppliers interested in learning more about what’s in store for the year ahead. MDN readers get a special discount to attend…
A couple of times we’ve highlighted the great work done by the Norton Rose Fulbright law firm, most recently just last month (see 
We spotted an article on the topic of forced pooling in Pennsylvania. Forced pooling is always an interesting topic for MDN. However, it was not pooling, but the article’s details on three southwestern counties in PA that really caught our attention. According to the author (in quoting two geology experts), Allegheny County (i.e. Pittsburgh), along with nearby Washington and Greene counties are located in the “core of the core” or the very best of the very best parts of the Marcellus Shale play. The article also references research by Range Resources which says Allegheny and Washington counties have the “highest in-place gas reserves not only in the Appalachian Basin but ‘perhaps the world’.” Yikes! That’s pretty enthusiastic language about the gas supplies trapped under Pittsburgh and surrounding areas–and great news for landowners in those counties…
Each year MDN partners with the Oil & Gas Awards to promote their Northeast Awards–a way for companies in the industry that operate with distinction to get recognized by their peers. In March 2017 the Northeast Oil & Gas Awards will celebrate their 5th year. Over the past five years there have been thousands of entries and hundreds of finalists and winners. While the O&G Awards boys keep their ears to the ground to discover stellar performers, they want to know who YOU think are the best companies in the region. We are now 4 weeks out until the submission deadline for the 2017 Northeast Oil & Gas Awards (Dec. 14). Here’s how you can nominate your, or someone else’s, company for this year’s awards…
We have to state up front that we are fans of Google’s services. We love the Chrome browser and Chrome OS, Android (for phones), Gmail for email, Google Drive…the list goes on and on. But at the same time, we detest the far-left, in-bed-with-Big-Green-groups leadership of Google. And we don’t like some of their initiatives–including their creepy snooping into every aspect of our lives. We spotted a story about Google’s roaming Street View cars that ride along our roads snapping pictures. Snapping pics isn’t enough for Googlers. In Pittsburgh they’ve added methane sniffers to help detect elevated levels of (they say) global warming causing methane escaping into the atmosphere, like a fugitive. Supposedly the methane sniffers will help People’s Natural Gas (which we suspect was bullied by Google) to identify where People’s 50 year-old natgas pipeline network is experiencing leaks. Look, we’re all for finding and fixing gas leaks–don’t get us wrong. But the motivation here is not the safety of the residents of Pittsburgh. It’s to bow down and worship at the altar of the Global Warming gods. Quick! There goes the Google car–turn off the gas grill…it might mistake your backyard barbecue for a gas leak! All joking aside, what will Google strap onto those cars next? Maybe they’ll snap a pic of a fat customer walking into McDonalds and send it to his friends to shame him. Or maybe they’ll snap a pic of (gasp) someone walking into a Donald Trump campaign office–sending it to that person’s boss. Yeah, that’ll fix ’em. It was no surprise to learn that PA Gov. Wolf also butted in on the Google methane sniffing action, along with the radical anti-drilling Environmental Defense Fund and PA Dept. of Environmental Protection…
In January, Invenergy announced their intention to build a natgas-powered electric plant in Elizabeth Township, in Allegheny County (see 
With apologies to Meghan Trainor, the second and final day at Shale Insight was “All about that Trump, bout that Trump–no Hillary.” However, as exciting as it was to hear The Donald (we’ll share the notes we took during his speech below), we heard an even better speaker yesterday: A young man (kid, really) by the name of Alex Epstein, author of the book “The Moral Case for Fossil Fuels” and founder of the Center for Industrial Progress. As we did yesterday, we will give you our highlights and impressions of sitting in on several of the days main sessions, followed by a plethora of links to stories from reporters who were there covering the event–mostly those there to cover the Trump speech. We also link to the full text of The Donald’s speech below. Buckle up! Here we go…