Marcellus Drilling News

Energy Companies | EXCO Resources

EXCO Reaffirms No New Marcellus Drilling in 2016, Capex Cut 69%
April 4, 2016April 4, 2016

On March 1 EXCO Resources issued a press release with fourth quarter and full year 2015 results. In the release EXCO, once a sizable player in the Marcellus with 145,000 net acres in the Marcellus and having drilled and operating 124 horizontal Marcellus wells, said there would be no new Marcellus drilling in 2015 (see EXCO: No Marcellus Drilling in 2015/2016, NYSE Threatens Delisting). Last week EXCO reaffirmed that sentiment, saying they are cutting capital expenditures by 69% in 2016 over what they spent in 2015. EXCO spent $277 million last year, and now plans to spend $85 million this year. The only place they plan to spend money on drilling is a few wells in the Haynesville Shale. Also of note, their borrowing base went down…
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Anti-Drilling/Fossil Fuel | Industrywide Issues

Democrat Attorney Generals Back Away from Al Gore, NY AG
April 4, 2016April 4, 2016

Remember the story we ran last week noting a big climate change meeting in New York City where Al Gore partnered up with the New York’s odious, anti-drilling Attorney General Eric Schneiderman to smear fossil fuel companies and threaten them with lawsuits if they don’t admit global warming is real and that their companies are killing the earth (see Climate Change Hucksters, Incl. NY AG & Al Gore, Threaten O&G)? Along with Gore and Schneiderman there were attorneys general from 11 states also attending–and got their picture taken with the King of Climate Change himself. Turns out it was all just a photo op. While Gore and Schneiderman wanted the world to think that all of these states are prepared to sue fossil fuel companies, the attorneys general from 9 of the 11 states are backing away. They don’t want to sue fossil fuel companies. Only California and Massachusetts joined New York in the threat. So the entire thing was a charade, a scam, one more in a line of scams from Gore…
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Best of the Rest

Marcellus & Utica Shale Story Links: Mon, Apr 4, 2016
April 4, 2016April 4, 2016

The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading. In today’s lineup: Antero Midstream is bullish about wastewater; Gastar faces borrowing base blow due to late Marcellus sale; solar farm developers target upstate NY farmers; CELDF failed initiatives cost Youngstown taxpayers $80K so far; Philly energy hub concept struggles; US rig count hits all time low again; good news & bad news on America’s leaking methane; and more!
Read More “Marcellus & Utica Shale Story Links: Mon, Apr 4, 2016”
Allegheny County | Ohio | Pennsylvania | Statewide OH | Statewide PA | Statewide WV | West Virginia

Winners of 2016 Northeast Oil & Gas Awards [FREE Access]
April 1, 2016April 1, 2016

Earlier this week (March 30th) the 2016 Northeast Oil & Gas Awards and Industry Summit was held in Pittsburgh. Once again the Awards and the Summit were a smashing success. Congratulations to all of the finalists and winners! Each year the Oil & Gas Awards recognize organizations operating responsibly and supporting the communities they operate within. Now in their 4th year, the Oil & Gas Awards are judged by over 100 senior industry professionals. Partners in the Northeast Awards are The US Chamber of Commerce, The Pennsylvania Chamber of Business and Industry, The Washington County Chamber of Commerce and the Western Virginia Oil and Natural Gas Association. Here is a complete list of the winners, by category…
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Ascent Resources | Belmont County | Chesapeake Energy | Coterra Energy (Cabot O&G) | Energy Companies | EQT Corp | Greene County (PA) | Ohio | Pennsylvania | Range Resources Corp | Rice Energy | Susquehanna County | Washington County

Top 10 Shale Wells of 2015 for Marcellus, Utica, Entire Country
April 1, 2016April 1, 2016

Rystad Energy Ranks, a data company based in Norway, hosts web-based portal with easy-to-use access data on oil and gas wells around the globle. They call their service “Rystad Energy cubes.” Rystead has made a wealth of data available in predefined “ranking lists” where the user can change filter settings to drill into and slice and dice the data. They call it their “database list format Ranks.” Up to now, Rystad Energy cubes have been available only through Rystad Energy’s proprietary Cube Browser. With “Ranks” users can now access predefined analyses based on the same databases. The really cool thing? They offer the “top 10” for various queries absolutely free. No registration required. We took it for a spin and produced Top 10 lists for Marcellus Shale well production in 2015, Utica Shale well production in 2015, and all American shale wells for 2015. As you might imagine being an MDN reader, most of the wells in the “all American” list are wells located in the Marcellus/Utica…
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Crude Oil | Industrywide Issues | Research

Top 10 Largest Publicly Traded Oil & Gas Companies in the World
April 1, 2016April 1, 2016

No doubt about it–oil and gas are joined at the hip. Bosom buddies. Blood brothers. When you talk about the top oil companies in the world, you’re also talking about the top natural gas companies. It’s a rare oil borehole that also doesn’t produce “associated” natgas–either a little or a lot. Earlier this week the Forbes magazine website published a list of the Top 25 publicly traded oil companies in the world. Interesting factoid: 7 of the top 25 publicly traded oil companies are headquartered in the U.S. Another factoid: Even though the price for oil decreased by more than 50% over the past year, production of oil in the U.S. went up nearly 11%–thanks to shale. Below we’ve grabbed some of the commentary from the Forbes article, along with the Top 10 (of the Top 25) list of the largest oil companies in the world…
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Anti-Drilling/Fossil Fuel | Crime | Energy Services | Huntingdon County (PA) | Industrywide Issues | Pennsylvania | Pipelines | Sunoco Logistics

‘Wackos in the Trees’ Protest Continues in Huntingdon County, PA
April 1, 2016April 1, 2016

Yesterday we told you about a Big Green effort to stop tree clearing for the Mariner East 2 pipeline in Huntingdon County, PA–about a young woman who climbed 40 feet up a tree to sit in a tree house so crews could not cut down the trees around her (see PA Anti Literally Goes Up a Tree to Stop Mariner East 2 Pipeline). She’s still “up a tree.” Looks like her publicity stunt worked because starting today crews can’t legally cut any more trees for fear of hurting an Indiana bat. (We say it’s more than bats that are batty in Huntingdon County.) The young woman’s mother, who happens to own the property and the trees, was arrested approaching the cutting crews (after being told by a judge to stay away) because, she says, she feared they would cut a tree close to her ~~blithering idiot~~ daughter and hurt her. There’s also another nutter up a tree on the property. Even though the tree climbers prevented harvesting of a few trees, Sunoco Logistics, the builder of the pipeline, says it’s no big deal–they got almost all of the trees cut they needed to and come fall it won’t take long to nip the last few. Here’s how anti-drilling PBS (funded in part with taxpayer dollars) reported the ongoing “tree-sit,” as they call it…
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Air Quality | Anti-Drilling/Fossil Fuel | Industrywide Issues | Pennsylvania | Statewide PA

Philly Green Group Throws Temper Trantrum After Energy Hub Meeting
April 1, 2016April 1, 2016

Petulant, spoiled rotten children often grow up to be petulant, spoiled rotten adults–adults who throw temper tantrums when they don’t get their own way. Such is the case with members of Green Justice Philly, a coalition of anti-drilling groups opposed to fossil fuels and opposed to a plan to bring more fossil fuels to Philadelphia as part of a northeastern “energy hub” concept. Yesterday we told you about Wednesday’s closed-door meeting where a new study was released, a “road map” that can be used to bring more natural gas and natural gas liquids to the City of Brotherly Love (see Philly Chamber Publishes Roadmap to Turn Region into “Energy Hub”). There certainly wasn’t much love displayed by a handful of boisterous protesters outside of the meeting. The meeting was private and the disruptive protesters were not allowed inside to conduct their normal mischief. And therein lies the winter of their discontent. Following the event Green Justice Philly issued a press release to pout like little children crying that mommy wouldn’t let them into the room. Awww, poor babies…
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Energy Services | Fairmount Santrol | Industrywide Issues | Ohio | Regulation | Sand/Proppant | Statewide OH

SEC Investigates OH Frac Sand Company for Allegedly Paying Bribes
April 1, 2016April 1, 2016

One of the largest frac sand providers for shale drillers in the U.S. is Fairmount Santrol. Based in Ohio, Fairmount sells proppants (sand and other substances used in oil and gas drilling) around the world. Apparently Fairmount’s dealings in another country is what has landed them in hot water with the U.S. Securities and Exchange Commission. The SEC is investigating Fairmount under the Foreign Corrupt Practices Act. The company is accused of paying bribes to foreign officials for help in getting business. We’re not excusing such behavior, but come on, really? You don’t think such things don’t go on a million times a day in every industry from oil & gas to dog food?? Sounds more like a fossil fuel industry witch hunt to us than a legitimate investigation…
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Electrical Generation | Industrywide Issues | Ohio | Regulation | Statewide OH

Cheap NatGas Blamed for Higher Electric Rates Coming in Ohio
April 1, 2016April 1, 2016

The Public Utilities Commission of Ohio (PUCO) approved a plan yesterday that is deeply complex and has us scratching our heads. From the press accounts we’ve read, we would summarize like this: The plan allows American Electric Power Co. and FirstEnergy Corp. to operate coal plants and a nuclear plant that currently (and for the foreseeable future) are uneconomical. The electricity produced by the plants can’t compete with electricity being produced by new natural gas-powered electric plants. But PUCO believes it is in the public interest to keep the old coal/nuclear plants running–so electric resellers will be forced to buy from the old plants at a high rate, and sell that electricity on the open market at a lower rate–and ratepayers (Ohioans) will pick up the difference in the price. Ohioans will subsidize the old plants. Because it’s in the public interest. Somehow. Even though the average Ohioan will pay $100-$130 more for the same electricity. Yes, it’s far more complex than that–there are provisions for more renewable energy sources, etc. baked into the plan. But what it boils down to is subsidizing old forms of energy that can’t compete with natgas…
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Chesapeake Energy | Energy Companies

Chesapeake’s Doug Lawler Gave Himself a Raise After Firing 1,500+
April 1, 2016April 1, 2016

This is rich. We spotted a reference in a Seeking Alpha story that Chesapeake Energy CEO Doug “the ax” Lawler–the guy who’s fired more than 1,500 people (see The Great Chesapeake Massacre II: Lawler Fires Another 740 People)–that guy gave himself a pay raise last year. He made $15.4 million last year–more than Shell’s CEO…
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Best of the Rest

Marcellus & Utica Shale Story Links: Fri, Apr 1, 2016
April 1, 2016April 1, 2016

The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading. In today’s lineup: RINO NY Congressman smears natgas pipelines, running for gov; 12 rigs still operating in OH; PennEast Pipeline delayed by FERC; how is Cabot dealing with high debt?; FERC grants favorable enviro review for Leidy South pipeline; shale oil & gas production ready to fall off cliff; natgas prices will stay cheap; worst of oil collapse is over; Dems need to check their frack facts; and more!
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Anti-Drilling/Fossil Fuel | Crime | Energy Services | Huntingdon County (PA) | Industrywide Issues | Litigation | Pennsylvania | Pipelines | Sunoco Logistics

PA Anti Literally Goes Up a Tree to Stop Mariner East 2 Pipeline
March 31, 2016March 31, 2016

Another environmentalist has tipped over the edge. The daughter of a landowner in Huntingdon County, PA scampered up a tree and planted herself there to prevent that tree and others near it from being cut down by crews clearing a path for the Mariner East 2 pipeline. Just two days ago we told you that Huntingdon County Common Pleas Judge George Zanic previously issued an order to Ellen Gerhart to allow tree clearing on three acres of her property (see Court Grants Mariner East 2 Right to Clear Trees in Huntingdon, PA). Gerhart’s daughter Elise literally “went up a tree” yesterday to a platform pre-built there, between two trees, and says she’ll stay there until the end of the week when tree-clearing season is over. You can’t clear trees after March 31st for fear of killing a threatened bat species. No word on when/if authorities will climb the tree and forcibly remove her. Thing is, she’s not alone. Radical environmentalists are behind Gerhart’s stunt. Two well-known anti-drilling radicals were arrested for blocking work at the site–and bail was set at $100,000 each. Yes, it’s time to get serious with these repeat lawbreakers. It’s also time to go up the tree and extricate Ms. Gerhart and put her in jail with them…
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Energy Companies | Gastar Exploration | Marshall County | Tug Hill Operating | West Virginia | Wetzel County

Gastar Leaving the Marcellus/Utica “on or before” April 8th
March 31, 2016March 31, 2016

As MDN previously told you, Gastar Exploration has found a buyer for its Marcellus/Utica wells and leased acreage located mainly in Marshall and Wetzel counties in West Virginia–for $80 million (see Gastar Leaving Marcellus/Utica, Sells Assets to Tug Hill for $80M). Gastar expected the sale to be completed long before now–but ran into issues with one landowner. Gastar says it’s all patched up now and the transaction will be complete “on or before” April 8th…
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Antero Resources | Doddridge County | Energy Companies | Industrywide Issues | Pipelines | Pleasants County | Regulation | Ritchie County | Tyler County | West Virginia

WV DEP Fines Antero Resources $93K for “Pollution” of Streams
March 31, 2016March 31, 2016

The West Virginia Dept. of Environmental Protection has gotten a signed consent order from Antero Resources assessing a fine of $93,000 on the company for “pollution” of waterways in several WV counties related to installing pipelines. So says a single Associated Press article. We can find nothing about this story from another other news source than the AP. Not on the WV DEP website. Not on Antero’s website. We scoured the web. We scoured our own MDN archives. Nada. Just a single AP story currently running in dozens of newspapers and in other media outlets/websites across the country. Here is the entire, very brief AP story with sparse details…
Read More “WV DEP Fines Antero Resources $93K for “Pollution” of Streams”
Economic Impact | Industrywide Issues | Jobs | Pennsylvania | Pipelines | Research | Statewide PA

Philly Chamber Publishes Roadmap to Turn Region into “Energy Hub”
March 31, 2016March 31, 2016

Yesterday a large group of business, labor and political leaders gathered in Philadelphia to hear about plans to turn Philly into an “energy hub” with more pipelines delivering natural gas and natural gas liquids to the region. Chemical plants and manufacturers would spring up to use the gas and gas liquids–creating a huge economic impact for the region. According to press reports there were 200 or more gathered for the unveiling of a new report from the Greater Philadelphia Chamber of Commerce’s Greater Philadelphia Energy Action Team (GPEAT). The report is titled, “A Pipeline for Growth, Fueling Economic Revitalization with Marcellus and Utica Shale Gas” (full copy embedded below). Meanwhile, 20-30 silly anti-drillers (who don’t have lives apart from protesting) stood outside and tried their darnedest to shout and disrupt the meeting. How did they react inside? By making fun and laughing at them! Philip Rinaldi, GPEAT Chair and President/CEO of Philadelphia Energy Solutions said this to the crowd as he took the stage: “I’m inclined to ask for a brief moment of silence to hear the protesters a little better.” Love it! You had to have a ticket into the private event–and the antis couldn’t score any tickets to disrupt the event–something they bitterly complained about. We say it’s about time someone pushed back against these disorderly ne’er do wells. Here’s how it went down inside the event, a place the antis couldn’t go…
Read More “Philly Chamber Publishes Roadmap to Turn Region into “Energy Hub””