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Marcellus Drilling News
  • Anti-Drilling/Fossil Fuel | Energy Services | Industrywide Issues | Meigs County | NEXUS Pipeline | Ohio | Pipelines | Regulation

    NEXUS Tells Waterville: Ban Vote Meaningless, Still Building Pipe

    November 11, 2016November 11, 2016

    meaninglessAs MDN previously reported, the dupes in Waterville, OH voted to pass a resolution on Tuesday that would block the construction of the NEXUS Pipeline, planned to go through city property (see Waterville, OH Passed NEXUS Pipeline Ban, Certain to Get Overturned). Apparently in order for the resolution to be officially in force, Waterville City Council will have to vote to ratify it. Whether City Council does or does not ratify it makes no difference to NEXUS–they will still build the pipeline anyway. Why? Because legally the city has NO SAY in whether or not the pipeline can be built. It is a federal project under the purview of the Federal Energy Regulatory Commission (FERC). A NEXUS official said the pipeline is on track to receive FERC approval by Nov. 30, and then a FERC certificate early next year. As soon as they have the certificate in hand, the Waterville resolution will be just a worthless piece of paper…
    Read More “NEXUS Tells Waterville: Ban Vote Meaningless, Still Building Pipe”

  • Anti-Drilling/Fossil Fuel | Energy Services | Industrywide Issues | Pennsylvania | Philadelphia Energy Solutions | Statewide PA

    Paid Protesters Turn up in Philly (Again) to Slam Oil Terminal Plan

    November 11, 2016November 11, 2016
    philly-regional-port-authority
    Philly Regional Port Auhtority – Click for larger version

    Less than two dozen PAID global warming protesters from the odious Food & Water Watch and Philly Thrive groups convened yesterday in Philadelphia to (once again) rail against a plan by Philadelphia Energy Solutions to expand their operation at the Southport Marine site in Philadelphia by leasing an additional 200 acres. 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. As things have gotten closer to a signed lease, paid law-breaking protesters have shown up at the facility, periodically, as they did in July (see Group of Protesting/Ignorant Kids Briefly Block Philly Refinery). A teeny tiny group of paid protesters showed up again yesterday and the propagandists at StateImpact Pennsylvania (paid to trash oil and gas) were there to slavishly regurgitate the wackos’ rantings against fossil fuels…
    Read More “Paid Protesters Turn up in Philly (Again) to Slam Oil Terminal Plan”

  • Industrywide Issues | Ohio | Pennsylvania | Public Opinion | Statewide OH | Statewide PA | Statewide WV | West Virginia

    Who Won in Tuesday’s Election in PA, OH, WV? Shale Energy Won!

    November 11, 2016November 11, 2016

    energy-voterYou know how Democrats in Pennsylvania vilified and viciously attacked pro-energy Republicans over the past two years, especially with regard to a severance tax. PA Gov. Tom Wolf has been one of the worst. The media in PA has stood behind Wolf and his calls to enact a Marcellus-killing, so-called severance tax, on top of the existing impact fee + corporate income tax which amounts to a rate higher than a severance tax in states like Texas. We were told, repeatedly, that Republicans blocking Wolf’s desire for a new tax (to pay back teachers’ unions) would be political death for the Republicans. The Republicans, most of whom have held firm and resisted such severance tax lunacy, have been called every name in the book and told “at the next election, you’re gone.” Guess what? After Tuesday’s elections, Republicans in PA now hold the LARGEST MAJORITIES in both the House and Senate than they have held IN DECADES! The voters in PA have spoken, and anti-fossil fuel numskulls have been drummed out of power. And not just in PA…
    Read More “Who Won in Tuesday’s Election in PA, OH, WV? Shale Energy Won!”

  • Energy Services | Weatherford Intl

    Weatherford Fires CEO/Chairman, CFO Interim CEO

    November 11, 2016November 11, 2016

    You-are-fired.jpgWeatherford International, the fourth largest oilfield services company in the world employing some 31,000 people (down from 44,000 a year ago) and with major operations in the Marcellus/Utica region, is a company in trouble as we pointed out earlier this week (see Oilfield Srvs Co Weatherford in Financial Trouble). The company is faced with the unsavory choice of either having to do an “equity raise” (wiping out existing shareholders) or continuing to burn through the remaining cash it has and go belly up sometime next year. More earthquakes at Weatherford. On Wednesday the company fired its CEO/Chairman of the Board, Bernard Duroc-Danner, appointing the CFO as interim CEO…
    Read More “Weatherford Fires CEO/Chairman, CFO Interim CEO”

  • Anti-Drilling/Fossil Fuel | Industrywide Issues | Pipelines | Regulation

    Army Corps of Engineers Turns Political in Dakota Access Fight

    November 11, 2016November 11, 2016

    usaceWhat’s wrong with this AP story from yesterday: “The U.S. Army Corps of Engineers says it’s trying to defuse tensions between Dakota Access pipeline protesters and law enforcement in southern North Dakota, but the pipeline’s developer isn’t cooperating. The agency released a statement late Wednesday imploring Texas-based Energy Transfer Partners to voluntarily stop work in the area where protests against the $3.8 billion pipeline have resulted in more than 400 arrests. The Corps made a similar plea last week, but was also rebuffed.” What’s wrong? It shows that the U.S. Army Corps of Engineers (USACE) is no longer a group of engineers. It has been corrupted by the Obama Administration into a political agency. IT’S NOT THE JOB OF ENGINEERS TO WORRY ABOUT OR PLACATE PAID CRIMINALS “PROTESTING” THE DAKOTA PIPELINE! It is the job of law enforcement to deal with the out-of-control, paid criminals who have gathered in North Dakota. We call on Congress to immediately convene hearings into what in the world is going on inside the USACE–and to force them to shut up when it comes to criminal protesters and stick to engineering. We are VERY concerned that the USACE has compromised their role to the point that they should be removed from any kind of regulatory oversight of the Dakota Access project. To their credit, Energy Transfer Partners (building the pipeline) is not backing down and continues to build the pipeline, even in the face of the Obama politicized USACE…
    Read More “Army Corps of Engineers Turns Political in Dakota Access Fight”

  • Industrywide Issues | Processing Plants

    Turning NatGas into Food – For Animals AND Humans!

    November 11, 2016November 11, 2016

    flatulence“Please pass the salt for my methane cheeseburger!” This story is one of those stories that makes us literally laugh out loud. It’s the kind of story we love to share–to push in the face of fossil fuel haters. (Sent to us by our faithful story-sniffing assistant, Chris Acker. Thanks Chris!) A California-based company, Calysta, has pioneered a way to convert methane (i.e. natural gas) into “high protein” food–for animals. Calysta is partnering with food-giant Cargill to build a big plant to manufacture this “gassy” food that will be fed to animals–animals that humans eat, like pigs. Calysta also wants to (one day) manufacture food from methane that humans will eat! The technology is already there and done. It’s just a matter of getting approvals and winning the public over to the idea that they’re eating food that started life as a dinosaur…
    Read More “Turning NatGas into Food – For Animals AND Humans!”

  • Best of the Rest

    Marcellus & Utica Shale Story Links: Fri, Nov 11, 2016

    November 11, 2016November 11, 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: Northeast NGL production & takeaway capacity; energy companies ask, can’t we all just get along?; horizontal wells among highest-producing US wells; renewable energy will do just fine under President Trump; stick to your instincts on energy, Mr. Trump; what to watch in oil under a Trump presidency; ConocoPhillips selling $8B of natgas assets; EU tries to push Trump around; no letup in oil supplies says IEA; and more!
    Read More “Marcellus & Utica Shale Story Links: Fri, Nov 11, 2016”

  • Energy Services | Seventy Seven Energy

    Seventy Seven Energy 3Q16: Post-Bankruptcy, Still Losing $

    November 10, 2016November 10, 2016

    SSE logoIn August MDN reported that oilfield services company Seventy Seven Energy (SSE), the former Chesapeake Oilfield Operating company, had popped out of bankruptcy in record time–just two months after declaring bankruptcy (see Seventy Seven Energy Pops Out of Chapter 11 Bankruptcy in 2 Mos.). The bankruptcy reduced more than $1 billion worth of debt by waving a magic wand and turning debt into equity (shares of stock)–hosing existing stockholders. SSE’s second quarter report reflects the pre-bankrupt company and showed they lost $84.5 million in 2Q16, compared to losing $74.7 million in 2Q15 (see Seventy Seven Energy 2Q16: Shed $1B Debt, Lost $84.5M). SSE has just released their 3Q16 update, which is the first update since they magically wiped away $1 billion in debt. What does it show? It’s complicated, since there is the pre-bankrupt financials and post-bankrupt financials. The bottom line is that the company is still losing money. If you look at just the two months since emerging from Chapter 11, SSE lost another $36.5 million. The company reports they currently have 29 rigs operating with another 22 rigs under contract…
    Read More “Seventy Seven Energy 3Q16: Post-Bankruptcy, Still Losing $”

  • Energy Services | Industrywide Issues | PennEast Pipeline | Pennsylvania | Pipelines | Regulation | Statewide PA

    FERC Delays PennEast Pipeline Final Review – Again

    November 10, 2016January 24, 2017

    delayedBack in April the Federal Energy Regulatory Commission (FERC) told PennEast they would extend the amount of time they are taking until December of this year, rather than this past August, to complete their Environmental Review (see PennEast Spins FERC Delay as a Good Thing – Optimism or Denial?). PennEast is a $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. PennEast tried to spin the news as a positive. We took it as mildly bad news. On Tuesday FERC once again told PennEast they are moving the goal posts–delaying the final Environmental Review from December to next February. Once again, we don’t think this is good news. The longer final approval (and construction) are delayed, the more likely anti-fossil fuel zealots will new ways to try and kill the project, which is their aim…
    Read More “FERC Delays PennEast Pipeline Final Review – Again”

  • Energy Services | Hydraulic Fracturing | Industrywide Issues | Utica Shale | Weatherford Intl

    Utica Drillers Using Managed Pressure Drilling (MPD)

    November 10, 2016November 10, 2016
    mpd
    Click for larger version

    This post is far (far) more technical than the typical post on MDN. It is aimed at those in the drilling business. However, a general understanding will help everyone interested in what’s happening in the Utica Shale. We spotted a story that claims MPD–or managed pressure drilling–is emerging as the “preferred” drilling method in the Utica Shale. The article is written by engineers who work for Weatherford, the world’s fourth largest oilfield services company (and a company with major customers/operations in the Utica, i.e. a vested interest). The first, most obvious question is: What in the world is MPD? We went looking for a layman’s definition. The simplest definition we found was, “cheating Mother Nature.” MDP involves managing the pressure in the well, and drilling mud…
    Read More “Utica Drillers Using Managed Pressure Drilling (MPD)”

  • Electrical Generation | Industrywide Issues

    CT NatGas-Fired Power Plant Approved, Where Will it Get the Gas?

    November 10, 2016November 10, 2016

    psegLast week a plan to build a $550 million natural gas-fired electric generating plant in the city of Bridgeport, CT was approved by city zoning officials. PSEG Power Connecticut currently operates a coal-fired plant in the same location and wants to build a 485-megawatt facility at the same address. The only remaining obstacle is an air permit from CT environmental protection officials, which is expected to be issued early next year. Once the air permit is in hand, PSEG plans to begin construction. Our question is, with no extra pipeline capacity serving New England, where will they get the gas to power the plant?…
    Read More “CT NatGas-Fired Power Plant Approved, Where Will it Get the Gas?”

  • CNG/LNG | Industrywide Issues | Pipelines

    Berkshire Gas (Mass.) Searches for Solutions to Get More NatGas

    November 10, 2016November 10, 2016

    PrintIn December 2014 the Massachusetts-based utility Berkshire Gas Company announced the amount of natural gas they could purchase from the Tennessee Gas Pipeline (TGP) was at full capacity. There’s no additional gas supplies to buy–unless TGP builds their Northeast Energy Direct (NED) expansion project. So Berkshire was forced to tell new customers for natural gas in portions of Franklin County they won’t be able to tap into Berkshire’s line (see Guts: No New Pipeline in MA? Then No New Natgas for Utility Customers). In January 2016, Berkshire had to expand the prohibition area, turning down new businesses in neighboring Hampshire County (see Shortages Begin: Tangible Result of No Pipelines in New England). In April came the devastating news that TGP was canceling the NED pipeline project (see NED is Dead – Kinder Morgan Suspends $3.3B New England Pipeline). What can Berkshire Gas do? Where can they turn now? Is there ANY hope that new residences and businesses in Franklin and Hampshire counties can hook up to natural gas? Berkshire is having to deal with the crappy hand dealt them. They are trying to find a way to get more gas supplies for their customers. They have a plan to build a short, 19-mile pipeline to deliver new supplies. Predictably, the idiots living in the affected areas are resisting the plan…
    Read More “Berkshire Gas (Mass.) Searches for Solutions to Get More NatGas”

  • Energy Services | FMC Technologies | Industrywide Issues | M&A

    Technip & FMC Technologies Shareholders Vote Dec 5 on Merger

    November 10, 2016November 10, 2016

    M&AIn May, U.S.-based oilfield services company FMC Technologies announced they will merge with their much larger quasi-competitor, France-based Technip, in an all-stock deal that will create a new company called TechnipFMC worth $13 billion (see FMC Technologies & Technip to Merge, Create $13B Oilfield Giant). FMC had/has some operations in the Marcellus/Utica, hence the merger has implications for our region. The Obama Dept. of Justice approved the deal in June (see FMC Technologies/Technip Merger Approved by Obama DOJ/FTC). Apparently it’s A.O.K. for a French company to buy an American company, but when one American company (Halliburton) wanted to buy another (Baker Hughes), that wasn’t OK with the Obamadroids (see (see Obama DOJ Kills Halliburton/Baker Hughes Merger, Deal “Terminated”). But we digress. On Dec. 5 shareholders in both companies will vote on the deal. If they vote “yes,” as it expected, the deal with close and the two will have their nuptials in early 2017…
    Read More “Technip & FMC Technologies Shareholders Vote Dec 5 on Merger”

  • Industrywide Issues | Lease & Royalty Payments | Litigation | Ohio | Statewide OH

    Ohio DMA Decision Explained at December Seminar in Columbus

    November 10, 2016November 10, 2016

    Gavel-falling.jpgMDN has highlighted the importance of the Ohio Supreme Court’s decision with regard to the Ohio Dormant Mineral Act (DMA). In September the OH Supreme Court ruled in three DMA cases, saying all of the other cases come under those three (see Important: OH Supreme Court Finally Rules on Dormant Mineral Act). Following that ruling, we brought you insights on what it means from international law firm Jones Day (see One More Look at Important OH Supreme Court DMA Decision). We later ran a copy of an analysis done by attorney David Wigham, who said, “[T]he landscape regarding title and ownership to mineral interests in Ohio has significantly changed” (see Expert Says OH DMA Decision “Significantly Changed” Mineral Rights). An MDN subscriber from a major Ohio driller reached out to editor Jim Willis to ask for help in promoting an event being hosted by the Energy & Mineral Law Foundation for lawyers on the topic of the recent DMA decision. We are happy to do so given the importance of the decision and its profound effect on both drillers and landowners in the Buckeye State. Here’s the lowdown on the Ohio Dormant Mineral Act Special Institute, Dec. 12 in Columbus, OH…
    Read More “Ohio DMA Decision Explained at December Seminar in Columbus”

  • Anti-Drilling/Fossil Fuel | Industrywide Issues

    Global Warming Hoaxers Have a Cow over Trump Victory

    November 10, 2016November 10, 2016

    trump-winsAs soon as Donald Trump secured victory in Tuesday’s presidential election, the hew and cry went up from radical environmentalists that his election spells the end of Mom Earth. Trump is rightly skeptical of claims that mankind is causing a catastrophic warming of the earth–namely because there’s no evidence to support it. No objective “average” temperature data that shows the earth warming up by burning fossil fuels, as is the claim. But global warmers, who have changed their name to climate changers, won’t listen to reason. Their belief in man-made global warming surpasses the fervency of belief by most people in a Supreme Being (i.e. God). Global warming is their religion, and no amount of discourse and debate will convince them otherwise. So when Trump, a “climate denier” as they call him, won–it was for them a disaster. Barack Hussein Obama has been the warmers’ best friend. But there’s a problem with the way Obama achieved his environmental agenda–he did it by fiat. By executive orders. By using executive branch agencies like the EPA and BLM and others to implement his wishes apart from having those wishes enacted in legislation. And what one president can do with executive orders, another can undo with executive orders. Obama’s entire environmental agenda is built on sand–a house of cards. And it’s about to gloriously come crashing down with President Trump. And that fact has warmers sweating…
    Read More “Global Warming Hoaxers Have a Cow over Trump Victory”

  • CNG/LNG | Industrywide Issues

    Will Charif Souki Renounce His American Citizenship?

    November 10, 2016November 10, 2016

    soukiAs we pointed out to you last December, evil corporate raider Carl Icahn (invests in companies so he can fire a bunch of people, boost the stock and pocket the profit) had fired Cheniere Energy CEO Charif Souki (see Evil Corporate Raider Carl Icahn Claims Another CEO Scalp). He later admitted it on CNBC (see Corp Raider Carl Icahn Admits He Fired Cheniere CEO Charif Souki). Souki hasn’t let it slow him down. He started a new LNG export company to compete with his old company (see Revenge: Fired Cheniere CEO Starts Competing LNG Company). We kind of had (past tense) a soft spot for Souki, getting tossed from the company he started. But then we read comments he made about Donald Trump two weeks ago. Souki thought (like many) that Trump had no chance of winning, but if he did, Souki said he would “reconsider my nationality.” He was born in Egypt but is an American citizen now. After Trump’s victory, Souki seems to have forgotten about his threat to leave the country and change his citizenship. Can anybody say “two-faced”?…
    Read More “Will Charif Souki Renounce His American Citizenship?”

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