UMH Snaps Up More PA/OH Trailer Parks, Targeting M-U Workers
You don’t often hear about a company that owns trailer parks as being a publicly-held company (trading shares of stock on the New York Stock Exchange). But such is the case with New Jersey-based real estate investment company, UMH Properties, Inc. We’ve written about UMH a number of times before (see our UMH stories here). Why? Because they keep buying trailer parks in the Marcellus/Utica with the express hope that drilling activity in the region will lead to high occupancy rates. They’ve just done it again. Last week UMH closed on two more trailer parks in Ohio, and yesterday they closed on purchasing another park in Pennsylvania. Their target seems to be workers in the shale industry. Their strategy is working…
Read More “UMH Snaps Up More PA/OH Trailer Parks, Targeting M-U Workers”
President Trump is wasting no time in correcting the mistakes of the Obama Administration. Yesterday Trump signed a pair of Executive Orders meant to restart and advance the XL Keystone Pipeline and the Dakota Access Pipeline projects. The orders include a requirement that the pipes manufactured for the projects be manufactured right here at home, in the U.S. The orders in no way require the projects to get completed, they are simply meant to help clear regulatory hurdles so the projects’ builders can get moving again. Predictably the action is making radical fossil fuel haters apoplectic…
The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading. In today’s lineup: Whatever happened to GreenHunter Resources; Marcellus money saving farmland in Blair County; Susan LeGros talks about holding drillers to higher standards; Citizens Energy sells LNG business; expect a new shale boom this spring; Trump’s ‘scary’ energy policy; Mexico preps for shale push in 2017; and more!
PennEast Pipeline is a very important $1 billion, 118-mile, primarily 36-inch pipeline that will get built from Dallas (Luzerne County), PA to Transco’s pipeline interconnection near Pennington (Mercer County), NJ. It will feed local utilities and power generation plants along its route. In April 2016 the Federal Energy Regulatory Commission (FERC), which oversees permitting for the pipeline, told PennEast the agency would extend the amount of time they are taking until December 2016, rather than the original target of August, to complete their environmental review (see 
“As a dog returneth to his vomit, so a fool returneth to his folly.” (Proverbs 26:11, King James Version) We could think of no better way to convey the news that no less than three so-called Republicans from the Philadelphia area, and a plethora of Democrats, are in the process of introducing severance tax bills in the Pennsylvania State Legislature, once again. The bills range from assessing a 3.5% tax all the way up to 9%. We won’t repeat our many MANY arguments for why such a tax is just plain stupid. We’ll just share with you who (in the PA legislature) wants to steal money from landowners and drillers and give it to teachers’ unions…
Yesterday the U.S. Pipeline & Hazardous Materials Safety Administration (PHMSA) published a final “rule” (actually 31 pages of rules, which we’ve included below) in the Federal Register, which will become law (i.e. official regulation) on March 24th. The new “rule” requires pipeline operators to report incidents or accidents by phone within one hour of when they become aware of the incident/accident. It also steps up drug and alcohol testing requirements for workers. Here’s the latest in unlegislated laws to come down from on (Washington, DC) high…
EXCO Resources still has 145,000 net acres in the Marcellus with 124 horizontal Marcellus wells drilled and in production. However, they have pretty much abandoned the Marcellus at this point. EXCO was officially warned by the New York Stock Exchange last week that their stock is in danger of becoming delisted on the NYSE. Sound familiar? It should. The NYSE warned EXCO of the same thing in March 2016 (see 
Rex Energy, a driller focused mainly on the Marcellus/Utica (headquartered in State College, PA), released their fourth quarter and full year 2016 operational update yesterday. As seems to be the trend with many drillers, Rex has released the “good news” about how they produced, etc. ahead of releasing their financial statements (which have tended to be the bad news). What do we find in the Rex update? Production of all hydrocarbons was up 12% when comparing 4Q16 with 4Q15, and up 6% when comparing all of 2016 with all of 2015. However, when you dig a little bit, you discover that Rex’s methane (dry gas) production was down slightly when comparing 2016 with 2015, which we attribute to lack of drilling new wells. Here’s the update…
Last week Schlumberger, the world’s largest oilfield services (OFS) company, reported their numbers for fourth quarter and full year 2016. As we highlighted, the company experienced a net loss last year (see 
In March 2013, the Center for Sustainable Shale Development (CSSD) burst onto the scene. It had been a closely guarded secret, the creation of a few hand-picked people from both industry and the environmental movement working together to see if there is any common ground on which both sides can agree that shale development would be safe, sustainable AND affordable. They worked hard for over a year and finally hammered out a set of 15 standards that if a driller (or midstream company or contractor) would meet, it would get a stamp of approval from both the industry and environmental groups as being a good goobie–a safe driller. In Sept. 2014 the CSSD announced they have certified their very first driller–one of their founding members–Chevron (see 
Good news for natural gas drillers in general, and Marcellus/Utica drillers in particular: Our favorite government agency, the U.S. Energy Information Administration (EIA) predicts the average price for natural gas in the U.S. will rise in both 2017 and 2018. EIA expects the Henry Hub natural gas spot price to average $3.55 per million British thermal units (MMBtu) in 2017 and $3.73/MMBtu in 2018, both higher than the 2016 average of $2.51/MMBtu. Higher prices in 2017 and 2018 reflect natural gas consumption and exports exceeding supply and imports, leading to lower average inventory levels…
Well that didn’t take long. Immediately, as soon as Donald J. Trump was sworn into office on Friday at noon, key changes were made to the official White House website. Among them: the page touting man-made global warming nonsense (i.e. “climate change”) came down, and up went Trump’s “America First Energy Plan” instead. Trump’s plan? Support shale, dump Obama’s so-called climate plan, and refocus the EPA. Slap me! Am I dreaming? Will I wake up and find Lord Obama is still in charge? Or worse yet, that Hillary is President? No! Trump won, and the best possible outcome is now happening for American energy (including shale energy) and the American people. A true “all of the above” strategy from Team Trump. Below is a copy of Trump’s energy plan and some of the hysterical reaction by radical environmentalists…
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…
MDN has previously reported on a $900 million natural gas-fired electric generating plant coming to Orange County, NY (see