Five Facts About Shale: It’s Coming Back, and Coming Back Strong
Major multinational bank Société Générale, headquartered in Paris but with major operations here in the U.S., has just issued a 37-page report on U.S. commodities. The theme of the report caught our attention: “Five facts about shale: it’s coming back, and coming back strong.” Analysts working for Société Générale asked themselves this question: Will the U.S. recovery in oil and gas production offset OPEC cuts? They review some of the key dynamics of U.S. shale production in their report. Specifically, they highlight five facts about U.S. shale production that all point to the same underlying trend: shale is coming back in a big way…
Read More “Five Facts About Shale: It’s Coming Back, and Coming Back Strong”
A group of RINO (Republican in Name Only) dinosaurs (i.e. RINOsaurs) have come out of retirement to lobby President Trump on the insane idea of a so-called “carbon tax.” Two of them were from the Ronald Reagan Administration–George Shultz and James Baker III. (As an aside, when Baker was Chief of Staff for Ronald Reagan, he was an arrogant ass–prancing around the West Wing. We can state this categorically from first-hand experience. MDN editor Jim Willis worked at the White House when Baker was there. Jim can also tell you Baker came from the Bush camp, which today we call the Washington establishment. There was a deep divide in the White House during the Reagan years between the “Bushies” who were establishment types, and true-conservative “Reaganites.” You know which camp Jim belonged to.) A carbon tax is nothing more than a way to slap a regressive tax on every citizen of the country–as if we aren’t already taxed enough. If you live in the great middle class of this country, you already pay close to 50% of your income in various federal, state, local, property, sales and other taxes. Add it up sometime–you’ll see we’re not exaggerating. A group of Republican “elder statesmen” (as fake news source CNN calls them) yesterday met with Team Trump at the White House to push this disastrous plan, calling it (be careful not to vomit), “conservative.” There’s nothing conservative about it…
Once again MDN editor Jim Willis is participating in this year’s Oil & Gas Awards Northeast Industry Summit, being held on March 2 in Pittsburgh. Jim helped create the program for this year’s Summit, and he will moderate two of the panel discussions at the event. Jim invites Marcellus Drilling News readers in the Pittsburgh orbit to attend the Summit–for FREE. 
Yesterday Pennsylvania Gov. Tom Wolf released his 2017 budget proposal. Twice before, Wolf has attempted to levy a severance tax Marcellus drilling in the state–in addition to the existing impact tax. A severance tax would cause drilling in the state to stop, by giving PA one of the highest severance tax rates in the nation. (Yes, drillers do have other options and will go to other shale plays!) However, in this new budget, Wolf is once again attempting to impose a severance tax–this time 6.5% (same as last year)–as a payback to the teachers’ unions that helped elect him. Wolf’s plan this year is to transfer away nearly $300 million from drillers and landowners, via a high severance tax, and give it to “education.” As soon as Wolf was done with his divisive budget address yesterday, top Republicans declared the severance tax plan dead–about as dead as Wolf’s fledgling reelection effort…
Artex Energy Group, a subsidiary (on paper) of Marietta, OH-based Artex Oil Company, is selling 14,885 Utica Shale acres located in Noble, Guernsey, Washington and Tuscarawas Counties (southeastern OH). On its website, Artex claims it is “one of the largest oil and gas producers in Ohio” pumping out “millions of dollars per year in royalties to landowners.” The company says it has drilled and operates “more than 600 operated wells in Ohio.” Some of those wells are Utica Shale wells. However, many of their wells are conventional (vertical only) non-shale wells. The auction notice says 87% of the leases being offered are held by production. Over 2,000 acres is part of a joint venture Artex has with Antero Resources on land in Noble and Washington Counties. Artex is accepting bids now and will accept bids through March 2nd, with a target closing date of March 31st. Here are the particulars of what is being offered for sale…
The clock just ran out for Ohio landowners who either thought Energy Transfer’s Rover Pipeline would not get authorized, or hoped to hold out and get higher rates of payment to agree to allow the pipeline to cross their land. As pipeline companies often say, the use of eminent domain to gain access to property is a “last resort.” The time of last resort has come. As soon as Rover received its final authorization from the Federal Energy Regulatory Commission on Friday (see 
Déjà vu all over again? Last Friday the Federal Energy Regulatory Commission (FERC) approved a long-delayed project–National Fuel Gas Company’s Northern Access 2016 pipeline project (see 
Acting Pennsylvania Dept. of Environmental Protection (DEP) Secretary Patrick McDonnell held a “hastily arranged” meeting on Monday with several antis who are opposed to Sunoco Logistics Partners’ Mariner East 2 pipeline project. You may recall these same antis predicted the DEP would grant the final permits needed for Mariner East 2 last Friday (see 
Anti-fossil fuel protesters (some of them paid) will go on a camp-out in Amish country (Lancaster County, PA) beginning this Friday to protest the imminent start of construction for the Williams Atlantic Sunrise Pipeline project. The same group built themselves a magic tree house along the planned route of the pipeline (see 
In December the Pennsylvania Dept. of Environmental Protection (DEP) unveiled new regulations to clamp down on methane emissions and other other air pollution that allegedly comes from shale drilling sites (see 
The Baker Hughes rig count continued its rocket ride in January. The international rig count (worldwide) was 933, up 4 from the 929 counted in December. However, in the U.S., the January rig count was 683, up a huge 49 rigs from the 634 in December. The Marcellus/Utica displayed equally good news. The combined rig counts for PA-OH-WV was 61, up by 3 rigs from December’s 58. Both PA and OH gained 2 rigs while WV lost 1 rig in January. Here’s the full set of numbers (and a pretty chart)…
In 2014 MDN reported that MAX Environmental, operator of the Bulger hazardous waste landfill in Smith Township (Washington County), PA since 1958, planned to expand the landfill by 21 acres in order to handle an increase of drill cuttings and even liquid waste (which they will turn to solid waste) coming from Marcellus Shale drilling (see 
If you have an interest in the Shell (and PTT, and Braskem and other) ethane cracker plants–listen up. There is a conference coming in Pittsburgh in June you may want to consider attending. 
The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading. In today’s lineup: Group files lawsuit against Virginia compressor station; Univ of Cincinnati groundwater fracking study still not published, a year later; pipeline brings jobs to Tyler County, WV; New England will need more gas for power; US Army gives Dakota Access Pipeline green light; Seattle, WA cuts ties with Wells Fargo Bank over pipeline funding; EPA employees protest Trump’s pick to run the agency; and more!
Marathon Petroleum subsidiary MarkWest Energy and Antero Resources’ midstream subsidiary Antero Midstream have announced a 50/50 joint venture focused on gathering and processing natural gas and natural gas liquids in northern West Virginia (Tyler, Wetzel and Richie counties). Antero Midstream will contribute its gathering operations for 195,000 acres in WV, boosting MarkWest’s total WV Marcellus gathering operation to a huge 360,000 acres. In addition, the JV will add three new processing plants to MarkWest’s Sherwood Complex in Doddridge County, WV. And get this: the JV contemplates building another eight (!) processing plants at Sherwood and a new/second location. Antero expects to invest “up to $800 million” through 2020, and has already made an initial $155 million investment. We think it’s no coincidence that on the same day Antero Midstream announced the deal (yesterday), they also announced a new round of units (i.e. shares of stock) they hope to pedal to raise $198 million. Here’s the details on the JV deal between Antero and MarkWest…
In January 2016, Invenergy announced their intention to build a natgas-powered electric plant in Elizabeth Township, in Allegheny County (see