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Marcellus Drilling News
  • Atlas Energy | Energy Companies

    De-Listed Atlas Resources Begins OTC Trading as Titan Energy

    November 29, 2016November 29, 2016

    atlas-resource-partners-logoIn July MDN reported that the New York Stock Exchange de-listed trading for shares in Atlas Resource Partners (see Atlas Resource Partners Close to Chapter 11, NYSE De-lists Units). As predicted and portended by the de-listing, the company then filed for bankruptcy (see Atlas Resource Partners Filing for Bankruptcy Tomorrow). In September, Atlas emerged from bankruptcy sporting a new name: Titan Energy (see Atlas Resources Partners Exits Bankruptcy Renamed as Titan Energy). When it emerged from bankruptcy, Titan was trading on the Pink Sheets, as a penny stock. Since that time, things have vastly improved and last week the OTC Markets Group announced that Titan (stock ticker of TTEN) has qualified and is now upgraded to trade on the OTCQX® Best Market system. That is, the stock is now trading “over the counter” with another 10,000 stocks. It has risen from penny stocks hell and, as of this morning, was trading at $23 per share…
    Read More “De-Listed Atlas Resources Begins OTC Trading as Titan Energy”

  • CNG/LNG | Energy Services | Exporting | GE Oil & Gas | Industrywide Issues

    GE Oil & Gas Invests $25 Million in LNG Co Tellurian

    November 29, 2016November 29, 2016

    keep finger in the pieSeems like GE Oil & Gas is putting its fingers in every U.S. o&g pie it can. In October GE announced it would pursue Baker Hughes for a merger/buyout (see Breaking: Who Needs Halliburton? Baker Hughes Merging with GE O&G). Now it’s investing $25 million (chump change for GE) in Tellurian Investments. Tellurian, you may recall, was founded and is run by Charif Souki, the fired co-founder of Cheniere Energy. Souki was bounced out of LNG company Cheniere by evil corporate raider Carl Ichan (see Corp Raider Carl Icahn Admits He Fired Cheniere CEO Charif Souki). So Souki started Tellurian which in turn is on a mission to build Driftwood LNG to compete with his old company Cheniere (see Fired Cheniere Energy CEO Charif Souki’s Revenge: Driftwood LNG). GE’s investment will help advance the Driftwood project. Sadly, there are no heros in this story. Souki disgraced himself when he went on CNBC and said he would consider renouncing his U.S. citizenship if Donald Trump won the presidency (see Will Charif Souki Renounce His American Citizenship?). Like a host of spineless Hollywood types who threatened to leave if The Donald won, Souki has yet to man up and actually do it. We’re still waiting…
    Read More “GE Oil & Gas Invests $25 Million in LNG Co Tellurian”

  • Industrywide Issues | Pipelines

    API’s Marty Durbin: It’s Time to Build More Pipelines!

    November 29, 2016November 29, 2016

    pump-up-the-volumeWe spotted a great editorial in the Philadelphia Inquirer (of all places) written by the American Petroleum Institute’s (API) Marty Durbin. Marty used to be the head of the American Natural Gas Association (ANGA) before it merged with and into API. Marty’s column looks forward to Donald Trump’s presidency and to getting back to “smart energy policies” as opposed to the dumb energy policies we’ve gotten under Lord Obama. As we read the column, it dawned on us that the real point Marty is making is this: It’s time to build MORE pipelines in this country! Not less. It’s time to push the advantage and to lock in fossil fuel use for the next couple of generations. Love it! Give Marty’s excellent column a read…
    Read More “API’s Marty Durbin: It’s Time to Build More Pipelines!”

  • Best of the Rest

    Marcellus & Utica Shale Story Links: Tue, Nov 29, 2016

    November 29, 2016November 29, 2016

    best of the restThe “best of the rest” – stories that caught MDN’s eye that you may be interested in reading. In today’s lineup: Cove Point gets new project director; anti-pipeline “protesters” ordered to leave by Dec 5; Texas flipping from gas exporter to gas importer; oil war is over–America won; shale wars – the oil price awakens; Japan shows why the world needs more fracking; and more!
    Read More “Marcellus & Utica Shale Story Links: Tue, Nov 29, 2016”

  • Crude Oil | Energy Services | Industrywide Issues | Pennsylvania | Philadelphia Energy Solutions | Regulation | Statewide PA

    PA Gov Wolf Kills Plan for PES Refinery Expansion in Philadelphia

    November 28, 2016November 28, 2016

    canceledPhiladelphia Energy Solutions (PES) has been on a mission to expand their operation at the Southport Marine site in Philadelphia by leasing an additional 200 acres to build a terminal for shale oil imports and exports. Believe it or not, a plan to lease the extra space has been going on for more than two years (see Marcellus Caught in Crossfire of Philly Port Leasing Controversy). That’s how long it takes to grease all of the corrupt Democrat hands in Philly to get anything done. Those corrupt hands have now been greased–by none other than Gov. Tom Wolf–and PES is now out in the cold, with their plan canceled by a $300 million bribe, er a, “investment” by Gov. Wolf and the good citizens of PA. Wolf’s plan is to turn that 200 acres into a big parking lot to park incoming cars arriving by container ships from Japan. Uh, Mr. Wolf, what happens when those cars start to be manufactured right here at home under President Trump? Oops, nobody thought to ask that question…
    Read More “PA Gov Wolf Kills Plan for PES Refinery Expansion in Philadelphia”

  • Exporting | Industrywide Issues

    US Exports More NatGas than Imports in Nov; First Time in 60 Yrs!

    November 28, 2016November 28, 2016

    first time everThe import/export picture for natural gas into and out of the U.S. has, in recent decades, been mostly imports and not exports. With the rapid scale-up in shale drilling, the supply picture here at home radically changed. For years we’ve exported natgas to Canada and Mexico, but we’ve also imported a lot of gas from Canada (via pipeline). In the end, we’ve always imported natgas on balance–both by pipeline and by LNG carrier ships. But that all changed with the construction and operation of Cheniere Energy’s Sabine Pass LNG export facility in southern Louisiana. Platts is reporting that for the first time in 60 years the U.S. will export more natural gas than it imports during the month of November. It happened for a few days in September, but in November the balance of trade has finally tipped and we are once again a net exporter of natural gas. How cool is that?! A big part of the reason why is the Marcellus/Utica…
    Read More “US Exports More NatGas than Imports in Nov; First Time in 60 Yrs!”

  • Education | Industrywide Issues | Jobs

    How to Land a Job in the Marcellus/Utica: Education & Training

    November 28, 2016November 28, 2016

    jobs.jpgLooking to land a job in the Marcellus/Utica industry? One of the best ways to do it is to go back to school. If you’re lucky enough to get into Pennsylvania College of Technology (an affiliate of Penn State), and if you graduate from one of their programs with a degree, you stand a 96% chance of landing a job. Other programs include ShaleNET, a service that helps train you and then helps find you a job in the industry. Not every job requires a two or four year degree. Often a certificate will suffice. Here’s more info on going back to “school” and what kind of education you need to land a job in the shale industry…
    Read More “How to Land a Job in the Marcellus/Utica: Education & Training”

  • Beaver County | Economic Impact | Energy Companies | Industrywide Issues | Pennsylvania | Shell | Statewide PA | Supply Chain

    Small Biz Looks to Plug in to Shell Ethane Cracker in SWPA

    November 28, 2016November 28, 2016

    supply chainSome of the first businesses that will profit from the mighty Shell ethane cracker being built in Beaver County, PA will be small, local businesses. Restaurants, banquet halls, hotels, drug stores, real estate…the list goes on. But even small businesses that want a piece of the Shell cracker plant action don’t automatically have smooth sailing. Trying to get Shell to promote a business to its workers is hard work. Businesses report talking to Shell and being told that the company won’t help them by promoting them to cracker plant workers (a bit un-neighborly if you ask us). But that’s the life of an entrepreneur. You encounter brick wall after brick wall and you find a way to go through it, or over it, or around it, or under it. That’s what several small businesses in Beaver County are doing with Shell…
    Read More “Small Biz Looks to Plug in to Shell Ethane Cracker in SWPA”

  • Industrywide Issues | Jobs | Pennsylvania | Statewide PA

    PA Marcellus Jobs Saw Big Cuts from 2015 to 2016

    November 28, 2016November 28, 2016

    cutting jobsThe Pennsylvania Department of Labor and Industry recently released employment numbers for the first quarter of 2016 for the Keystone State. Those numbers show that employment in PA’s oil and gas industry, which includes the Marcellus, dropped some 10,000 jobs from 1Q15 to 1Q16. That’s about one-third of the o&g workforce. Ouch. Still, PA employs twice as many people in o&g right now than they did when the Marcellus boom got underway in 2008. Here’s the lowdown on the latest PA employment numbers…
    Read More “PA Marcellus Jobs Saw Big Cuts from 2015 to 2016”

  • Economic Impact | Industrywide Issues | Jobs | Pennsylvania | Tioga County (PA)

    Tioga County, PA: Marcellus Boom Followed by Not-So-Boom

    November 28, 2016November 28, 2016
    tioga-county-pa
    Tioga County, PA

    The oil and gas industry has always gone through cycles–times when the industry expands like crazy, and times when it contracts. The cyclical nature of oil & gas is often characterized by fossil fuel detractors as “boom and bust.” We’ve heard the boom and bust argument for years, previously tackling the issue all the way back in 2012 (see Anti-Drilling Objection: Shale Drilling Causes Boom & Bust). We think it’s time to rename this phenomenon to something more reflective of what it really is: boom and not-so-boom. Many industries, indeed we would argue ALL industries, go through such cycles. The example we gave back in 2012 was to recount the history of the Binghamton, NY area, with our loss of IBM (founded in Endicott), and the loss of Endicott-Johnson Shoes (founded in Johnson City)–two huge employers in the region that eventually left. At least with shale the work returns after a time. IBM and EJ are long gone and never coming back. We’ll take the “boom and bust” of the shale industry over faithless manufacturers any day of the week! Here’s a close-up look at the boom, followed by the not-so-boom, in Tioga County, PA shale country…
    Read More “Tioga County, PA: Marcellus Boom Followed by Not-So-Boom”

  • Electrical Generation | Industrywide Issues | Ohio | Statewide OH | Trumbull County

    Fluor & Clean Energy Partner to Build 2 OH NatGas Electric Plants

    November 28, 2016November 28, 2016

    fluorIn June, Massachusetts-based Clean Energy Future broke ground on their $800 million, 940-megawatt Utica gas-fired electric plant in Lordstown (Trumbull County), OH (see Lordstown Energy Center Breaks Ground on $890M Electric Plant). Construction is going well and the plant will go online in 2018. Back in February of this year, MDN reported that the owner of the Lordstown Energy Center project, Clean Energy Future, was considering building a second plant at the same site (see Lordstown, OH May Get Second Utica Gas-Powered Electric Plant). Looks like the rumors were right! Last week Fluor Corporation, a global engineering, procurement, fabrication, construction and maintenance company that designs, builds and maintains big facilities like electric power plants, announced a deal with Clean Energy Future to build a new natgas-fired electric plant in Lordstown, as well as a second plant in Oregon (Lucas County), OH. The new Lordstown project is being called the Trumbull Energy Center and is due to be built and online in 2020. This is terrific news for the Utica/Marcellus industry. The Trumbull project will be another 940-megawatt plant, same as the Lordstown project under construction now, and the Oregon project will be a 955-megawatt project. Together these two new plants have the potential to use something like 185 billion cubic feet (Bcf) of natural gas per year–a staggering number…
    Read More “Fluor & Clean Energy Partner to Build 2 OH NatGas Electric Plants”

  • Dominion Energy | Energy Services | Industrywide Issues | Pipelines | Regulation

    FERC Quizzes Atlantic Coast Pipe About “Tribal Communications”

    November 28, 2016November 28, 2016

    war-drumsAre those war drums we hear beating? Perhaps! If you are involved in the oil and gas industry in just about any capacity, it’s hard to miss the story of the Dakota Access Pipeline (DAPL) and the paid criminal protesters who are trying to stop it (see Dakota Access Pipeline Protesters Turn Violent; Coming Here Next?). Supposedly the Standing Rock Sioux Tribe is opposed to DAPL because it will cross ancient burial grounds. While we don’t know if that’s true or not, we do know one fact not reported in mainstream media: the pipeline does not cross one inch of tribal lands. The project is almost done being built, with a small section remaining. Tensions are escalating as Big Green groups are paying “protesters” to trespass on private and public land in an effort to stop construction. The U.S. Army Corps of Engineers, in charge of authorizing the project as it crosses public land in the area, has badly bungled their role (see Army Corps of Engineers Turns Political in Dakota Access Fight). The lessons of DAPL and the Army Corps’ bungling are not lost on other government agencies, like the Federal Energy Regulatory Commission (FERC). Dominion’s $5 billion, 594-mile Atlantic Coast Pipeline (ACP)–a natural gas pipeline that will stretch from West Virginia through Virginia and into North Carolina–is now coming under scrutiny by FERC for any impacts it may have on Indian (whoops, “Native American”) land it may cross. FERC has put out a call for a copy of all “tribal communications” the ACP project has had, no doubt in an effort to avoid another DAPL situation here…
    Read More “FERC Quizzes Atlantic Coast Pipe About “Tribal Communications””

  • Electrical Generation | Industrywide Issues | Michigan | Statewide MI

    Marcellus/Utica Gas to Help Power Holland, MI Electric Plant

    November 28, 2016November 28, 2016

    holland-miIt’s a smallish project in Michigan, but it’s important for the Marcellus/Utica nonetheless. Construction is almost complete on a $240 million, 145-megawatt natural gas-fired electric plant in Holland, MI. The plant will go online in February 2017. At least some of the natural gas that will supply the plant will come from the Marcellus/Utica, according to an official. When the plant goes online, it will provide around two-thirds of the electricity used in Holland. From one small power plant. Don’t you just love clean-burning, home-grown energy?…
    Read More “Marcellus/Utica Gas to Help Power Holland, MI Electric Plant”

  • Energy Services | Energy Transfer Partners | Industrywide Issues | Michigan | Pipelines | Statewide MI

    Michigan Chemistry Council Fully Supports Rover Pipeline

    November 28, 2016November 28, 2016
    ET Rover Pipeline map
    Click for larger version

    So often we only hear about those who oppose safe pipelines (because it flows “fossil fuels”)–and not from those who support pipelines. There is one industry that knows the importance of new pipelines. Indeed, their livelihood depends on those pipelines. That industry? Chemicals. Natural gas in its various hydrocarbon forms (methane, ethane, butane, propane, pentane, isobutane) is used to make just about everything you touch throughout the day. From shoes to clothes to packaging to tires to shingles to carpets to paint…without fossil fuels there would be no modern-day life. We would be living in the Stone Ages, dying early deaths and never traveling more than a few miles from where we live. Those in the chemical manufacturing industry understand and support the vital role of pipelines in delivering the raw material they use to create our modern way of life. The Michigan Chemistry Council recently contributed the following editorial in support the Rover pipeline project–a $3.7 billion, 711-mile Marcellus/Utica natural gas pipeline that will run from PA, WV and eastern OH through OH into Michigan and eventually into Canada…
    Read More “Michigan Chemistry Council Fully Supports Rover Pipeline”

  • Calendar

    Calendar of Events for Nov 28 – Feb 27 (90 Days)

    November 28, 2016November 28, 2016

    calendar.jpgEvents related to drilling in the Marcellus and Utica Shale, primarily pro-drilling.

    To have your event included (or if you are aware of a worthy event you believe should be on this page), please send the details and/or a link to have it included to the calendar@marcellusdrilling.com email address. Thank you!
    Read More “Calendar of Events for Nov 28 – Feb 27 (90 Days)”

  • Best of the Rest

    Marcellus & Utica Shale Story Links: Mon, Nov 28, 2016

    November 28, 2016November 28, 2016

    best of the restThe “best of the rest” – stories that caught MDN’s eye that you may be interested in reading. In today’s lineup: Upstate NY towns oppose mammoth wind turbines (for good reason); big TX oil find won’t hurt OH Utica shale; Bowling Green, OH to vote on NEXUS offer; OH drilling picking up–slowly; JKLM ramps up drilling in Potter County, PA; FERC denies Sierra Club rehearing request; Dakota Access Pipeline “protester” gets serious injured; Trump to roll back some onerous o&g regulations; fracking blazed the trail for renewables; China getting second LNG shipment from US; and more!
    Read More “Marcellus & Utica Shale Story Links: Mon, Nov 28, 2016”

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