Rig Counts Take Another Hit in May, Rapid Decline Continues
We had thought/hoped that the we were near the end of a decline in drilling rig counts. But such is not the case. Baker Hughes released their May rig count report on Friday and it shows a continued slide in the numbers. In April there were 943 active rigs drilling on land in the U.S., down from 1,067 rigs in March (see Rig Counts Continue Big Decline in April, NE May Have Bottomed). In May, the number slide again–to 857 land-based rigs (a loss of another 86 rigs going idle). Double ouch. What about the Marcellus/Utica region? Did those rigs decline in May?…
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In November 2014 Sunoco Logistics committed to building the $2.5 billion Mariner East 2 pipeline to increase capacity in moving natural gas liquids like ethane, propane and butane from western Pennsylvania to the Marcus Hook refinery in Philadelphia (see
Here’s how it works in anti-drilling land. Students who want to make a name for themselves and earn some cashola accept “funding” (i.e. a bribe) from an anti-drilling organization. The “funder” (i.e. briber) determines the topic and result they want the “research” to report. The students, from a prestigious school, then doctor up the research with enough surface credibility to fool stupid mainstream media types. The students then publish that “research” in an online journal with very low standards. What do you get? Researchers at the University of Pittsburgh Graduate School of Public Health accepting money from the Heinz Endowments to publish a study claiming mommies who live close to Marcellus Shale wells have babies with low birth weights (copy of the study below), published in the online journal PLOS ONE, now being picked up by the likes of CBS and other news outlets who are reporting what the authors themselves say is research that doesn’t prove anything. News headlines are then generated linking fracking to a negative health condition. The low-information, headline-only reading crowd reads the headline and never bothers to question whether or not it’s true (which it isn’t), and voila–we have another case of public brainwashing, assisted by students prostituting themselves for money and fame, and damaging the reputation of the University of Pittsburgh. All bought and paid for by a big money donor to the school, Teresa Heinz-Kerry, using her dead first husband’s money…
The head of Pennsylvania’s so-called Independent Fiscal Office (a partisan organization) testified before a joint hearing of the state Senate’s energy and finance committees yesterday and said (fantastically) non-Pennsylvanians will “eventually” pick up most of the tab for a nosebleed high severance tax proposed by PA Gov. Tom Wolf (Democrat). Matthew Knittel, head of the Independent Fiscal Office, also testified under oath that Wolf’s severance tax will have an initial effective rate of 17.3% in 2016–instantly skyrocketing to become the nation’s highest severance tax…