Skip to content
Marcellus Drilling News
Account Login
  • Home
  • About
  • Article Index
  • Calendar
  • Advertising
  • User Guide
  • SUBSCRIBE
Marcellus Drilling News
  • Industrywide Issues | Ohio | Regulation | Statewide OH | Wastewater

    OH Dem House Members Introduce Bill to Restrict Injection Wells

    January 14, 2016January 14, 2016

    Three Democrat members of the Ohio State House of Representatives have just introduced a new bill, HB 422, that will clamp down on injection wells in the state, creating new hoops and regulations for injection wells. Reps. Sean O’Brien (D-Bazetta), Mike O’Brien (D-Warren) and John Patterson (D-Jefferson) want to ban injection wells in hundred-year flood plains, require GPS trackers in brine-hauling trucks, require dye be used when injecting fluids and several other measures. The Dems say they’ve worked with both the industry and environmentalist wackos in crafting the bill. We have a full copy of the bill as introduced, below. One of the provisions is that you can’t have an injection well within 2,000 feet of a…stream, river, watercourse, water well, pond, lake, other body of water (mud puddles?), railroad tracks, or the traveled portion of a public street, road, or highway. That pretty much covers it all. You just can’t have an injection well, period…
    Read More “OH Dem House Members Introduce Bill to Restrict Injection Wells”

  • Baker Hughes | Energy Services | Halliburton | Industrywide Issues | M&A | Regulation

    Europe Puts Halliburton/BH Merger Under a Microscope

    January 14, 2016January 14, 2016

    The Halliburton buyout/merger with Baker Hughes continues to be in trouble. In November 2014 MDN first reported on the deal, really Halliburton forcing Baker Hughes, to merge, with Haliburton paying an expected $34.6 billion (see Shotgun Wedding: Halliburton Forces Baker Hughes to Sell). Both companies have major operations in the Marcellus/Utica, so this merger is of keen interest for those of us in the northeast. Along the way both companies have had to sell off certain assets to please government regulators (see Halliburton/Baker Hughes Hold a Pre-Merger Garage Sale). The “marriage” was supposed to happen by the end of last year, but the U.S. Dept. of Justice isn’t satisfied. They have anti-trust concerns that, so far, Halliburton has not been able to address to DOJ’s satisfaction (see DOJ Tells Halliburton/Baker Hughes “No Deal Yet” – What’s Next?). What was a few whispers has become a chorus that the deal may be in trouble (see Whispers Turning in Chorus, Halliburton/BH Deal in Trouble). Add one more worry to the list: The European Commission has launched a “second phase” of their investigation into the deal, which is problematic for Halliburton. The European Commission says they see “serious potential competition concerns” with the deal. Halliburton/BH says, no big deal…
    Read More “Europe Puts Halliburton/BH Merger Under a Microscope”

  • Commodity Price | Crude Oil | Industrywide Issues

    Pulling the Curtain Back on EIA 2016/2017 Oil Price Predicition

    January 14, 2016January 14, 2016

    Yesterday MDN brought you the latest thinking/preview for where the U.S. Energy Information Administration (EIA) believes energy production and prices will go over the next 12-24 months, something called the Short-Term Energy Outlook (see EIA’s STEO Predicts NatGas Price Constant This Year, Up Next Year). Today we bring you a deeper dive into the EIA’s predictions with respect to the price of crude oil. The EIA forecasts Brent crude oil prices will average $40 per barrel in 2016 and $50/barrel in 2017. West Texas Intermediate (WTI) crude oil prices are predicted to be $38/barrel in 2016 and $47/barrel in 2017. Here’s a bit more background on how the EIA calculates its numbers for crude oil price…
    Read More “Pulling the Curtain Back on EIA 2016/2017 Oil Price Predicition”

  • Electrical Generation | Industrywide Issues | Ohio | Statewide OH

    Dynegy Proposes 6,300 MW of Shale Gas-Fired Electric Plants in OH

    January 14, 2016January 14, 2016

    There is a tug of war brewing in Ohio over who has the best plan to provide an increase in electricity while at the same time complying with Obama’s onerous Clean Power Plan. American Electric Power Company (AEP) and FirstEnergy have floated plans to Ohio that involve a mix of methods to produce electricity. Dynegy, on the other hand, wants to construct 6,300 megawatts of new electric capacity using natural gas-fired plants. AEP and FirstEnergy say Dynegy’s plan is dangerous because it ties the state too closely to one source of electric generation. Are they right?…
    Read More “Dynegy Proposes 6,300 MW of Shale Gas-Fired Electric Plants in OH”

  • Electrical Generation | Industrywide Issues | Regulation

    Black & Veatch Warns Electric Plants, Time to Prep for CPP is Now

    January 14, 2016January 14, 2016

    We’ve written plenty about Obama’s abominable Clean Power Plan, including an article yesterday about how the original plan was corrupted by radical environmentalists to freeze out natural gas (see How Environmentalist Radicals Ruined Obama’s Clean Power Plan). More than half of all states have joined a lawsuit to oppose this draconian “rule” (really an un-legislated law) that would force electric power plants to abandon using coal, natural gas and other fossil fuels in favor of obscenely high-priced so-called renewables. Electric rates will go through the roof, and it’s no joke there may be rolling brownouts and blackouts if fully adopted–we simply can’t generate the amount of electricity we need using renewables. Not now, not for several generations. No wonder states are suing to stop the CPP. But here’s the problem: If power generators don’t start to “comply” with the CPP now, if those lawsuits are not won for whatever reason, energy companies risk being shut down–fined out of existence. Obama and his cronies are using fear of a jackbooted government to force electric generators to comply now–and after they do, even if Obama loses in court he’s still won because he’ll say, “See, they’ve already complied, so it doesn’t make any difference that the regulation was struck down. We’ve made the U.S. a cleaner place. I did it. Me me me. Look at me.” Utter nonsense, but that’s the strategy. Black & Veatch, a huge engineering and construction firm that builds major projects for the energy industry is only too happy to help energy companies comply with the new CPP rules. Black & Veatch says, in essence, that energy companies shouldn’t sit on their hands, hoping to win the lawsuit. The time to act is now…
    Read More “Black & Veatch Warns Electric Plants, Time to Prep for CPP is Now”

  • Best of the Rest

    Marcellus & Utica Shale Story Links: Thu, Jan 14, 2016

    January 14, 2016January 14, 2016

    The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading. In today’s lineup: Drillers donate to worthy causes in Ohio; how low can oil prices go; Obama wants to hike lease prices for drilling on fed land; industry leaders tell Obama to wise up; Hillary used to be for fracking, before she was against it; the future of MLPs; Stanford prof changes the data after being pressured; CSX predicts bad year for railroads; LNG demand in Asia down; and more!
    Read More “Marcellus & Utica Shale Story Links: Thu, Jan 14, 2016”

  • Ethane | Industrywide Issues | Processing Plants

    Westlake Chemical Expanding Kentucky Ethane Cracker Capacity

    January 13, 2016January 13, 2016

    Westlake logoWestlake Chemical Partners has just announced it will expand ethylene capacity at its Calvert City, Kentucky facility. The expansion will add 70 million pounds of annual ethylene capacity to the Calvert City facility during the first half of 2017. OK, what does this have to do with the Marcellus/Utica? As it turns out, a lot. The Westlake Calvert City petrochemical plant is an ethane cracker plant by a different name. Cracking ethane into ethylene is not the only thing that happens at the facility, but it’s one of the main things that happens there. And the ethane that feeds the cracker at the Calvert City facility comes, in part, from the Marcellus/Utica…
    Read More “Westlake Chemical Expanding Kentucky Ethane Cracker Capacity”

  • Anti-Drilling/Fossil Fuel | Energy Services | Industrywide Issues | New York | Pipelines | Regulation | Statewide NY | Williams

    Williams Plans to Start Clearing Trees for Constitution Next Week

    January 13, 2016January 13, 2016

    Since last October MDN has been calling on Williams, the company planning to build the 124-mile Constitution Pipeline from Susquehanna County, PA to Schoharie County, NY, to take the gloves off and go after New York State, aggressively (see Time to Force NY DEC to Issue Permit for Constitution Pipeline). Earlier this month we re-posted an article from MDN friend Tom Shepstone and his Natural Gas Now website (always excellent, must read) that chronicles where we are at and how we got here with ongoing delays of the Constitution from the NY Dept. of Environmental Conservation (see Time for Williams/FERC to Sue NY & End Constitution Pipe Delays). In short, the DEC is now arbitrarily (for political reasons) intentionally withholding stream crossing permits that are delaying construction of the Constitution. The state is in danger of being sued by, and their authority to grant those permits taken over by, the federal government if they don’t issue those permits forthwith. Williams is attempting to advance the ball, still playing nicey nice, hoping to coax the DEC into issuing the permits. Williams has asked for and received permission (from the DEC) to begin clearing trees along the pipeline’s path, a process that will begin next week. However, rabid anti-drillers have asked NY’s out-of-control Attorney General, Eric Schneiderman, to step in and stop the tree clearing. If Williams doesn’t start the tree clearing now, they risk losing another entire construction season. There is a finite window each year you can clear trees because of nesting Northern long-eared bats, an endangered species…
    Read More “Williams Plans to Start Clearing Trees for Constitution Next Week”

  • Energy Services | Seventy Seven Energy

    Seventy Seven Energy Hires Turnaround Expert, Hopes to Stay Afloat

    January 13, 2016January 13, 2016

    Seventy Seven Energy, an oilfield services company with major operations in the northeast, is the old Chesapeake Oilfield Operating division of Chesapeake–spun off into its own company on July 1, 2014. It’s very first quarterly income statement, issued in August 2014, was the first and last time the company actually cleared a profit (see Seventy Seven Energy’s 1st Quarterly Update: Revenue Down 6%). Since that time, quarter after quarter the company has lost money. One of the challenges faced by Seventy Seven is that its main customer was and continues to be Chesapeake Energy. As of the third quarter 2015, Chesapeake provided Seventy Seven with 58% of its revenue, down from a previous 64% (see Seventy Seven Energy 3Q15: Still Losing Money, But Not as Much). As we said at the time, “You can’t stay in business long with multi-million dollar losses quarter after quarter.” Indeed. Seventy Seven announced yesterday they’ve retained the services of Lazard Freres–an international financial advisory and asset management firm. One of Lazard’s talents is in helping companies “restructure” and/or find a buyer. Here’s what Seventy Seven said yesterday…
    Read More “Seventy Seven Energy Hires Turnaround Expert, Hopes to Stay Afloat”

  • Industrywide Issues | Pennsylvania | Statewide PA | Taxation

    Severance Tax Not a Panacea After All – Down 50%+ in 2015

    January 13, 2016January 13, 2016

    There’s been a lot of talk over the past 5+ years in Pennsylvania that the state needs a severance tax. We’ve heard the repeated drumbeat that “eeeevvvvery other oil and gas state has a severance tax and we need one too.” A severance tax would, according to sticky finger Democrats and teachers unions, instantly solve funding shortfalls for education. Bam–solved. It would also fund a variety of “worthy” programs that the beneficent politicians in Harrisburg salivate to fund. A severance tax might even be the cure for cancer–who knows? Just one teeny, tiny problem. With the collapse of prices for oil and gas, and the resulting collapse in drilling, all of those “other states” with a severance tax are now scrambling to make up the difference in the shortfall they face in their own budgets. Turns out a severance tax isn’t a panacea after all. It also turns out an impact fee (PA’s equivalent of a severance tax), while sure to go down, will go down a lot less than a severance tax would. To our PA friends: Are you still happy you traded Tom Corbett, who was smart enough to create the impact fee, for the inept Tom Wolf who’s chasing a St. Elmo’s Fire severance tax? Here’s a look at the rapid fall of severance taxes in key oil and gas states in 2015, by the experts at the U.S. Energy Information Administration…
    Read More “Severance Tax Not a Panacea After All – Down 50%+ in 2015”

  • Ohio | Statewide OH

    OH Releases Another 1,850 Geophysical Well Logs

    January 13, 2016January 13, 2016

    Pssst. Hey buddy. Wanna buy some more well logs? The Ohio Dept. of Natural Resources (ODNR) has just published another 1,850 newly scanned geophysical logs for oil and gas wells in the Buckeye State. Last summer they released 3,300 new well logs (see OH Releases Another 3,300 Geophysical Wells Logs). What’s a well log and why would you want one?…
    Read More “OH Releases Another 1,850 Geophysical Well Logs”

  • Commodity Price | Crude Oil | Electrical Generation | Industrywide Issues | Research

    EIA’s STEO Predicts NatGas Price Constant This Year, Up Next Year

    January 13, 2016January 13, 2016

    Yesterday the U.S. Energy Information Administration (EIA) released their monthly Short-Term Energy Outlook (STEO) report. It contains some interesting predictions. Among them: EIA predicts the average Henry Hub price for natural gas in 2016, when the year is completed, will end up being $2.65 per million British thermal units (MMBtu). The average price for 2015 at the Henry Hub was $2.63/MMBtu–so the EIA believes this year will be virtually unchanged from last year, when the final chapter is written. The EIA goes on to predict the average HH price in 2017 will be $3.22/MMBtu. Another interesting prediction in this month’s STEO: EIA says natural gas’ share of the electric generation pie will actually fall–with natgas generating 33% of all electricity in 2015 to 31% in 2017. Why? More renewable sources coming online…
    Read More “EIA’s STEO Predicts NatGas Price Constant This Year, Up Next Year”

  • Electrical Generation | Industrywide Issues | Regulation

    How Environmentalist Radicals Ruined Obama’s Clean Power Plan

    January 13, 2016January 13, 2016

    In an excellent commentary article posted by the Cato Institute, a public policy research organization and “think tank,” the authors explain how President Obama’s so-called Clean Power Plan (CPP) was co-opted by radical environmentalists. Obama’s original CPP had a starring role for natural gas–the single biggest reason why the U.S. has reduced its carbon emissions over the past decade. But then the crazies got involved and Obama, bowing to pressure from the far left, threw natural gas under the bus in the final CPP. Here’s how the Cato experts explain it…
    Read More “How Environmentalist Radicals Ruined Obama’s Clean Power Plan”

  • CNG/LNG | Commodity Price | Crude Oil | Hydraulic Fracturing | Industrywide Issues | NGLs | Pipelines | Regulation

    The Smartest Man in the Oil (& Gas) Patch: Rusty Braziel

    January 13, 2016January 13, 2016

    In 2015 MDN editor Jim Willis had the pleasure of sitting in on a one-day “State of the Energy Markets” presentation by RBN Energy, held in New York City. RBN, for those who don’t know, was founded by the former co-founder of Bentek Energy, Rusty Braziel. Rusty is a legend in the industry. He was there presenting, along with a few other seasoned pros that work for him at RBN. Great session. Jim learned a lot about the energy markets and how they work. And why they work the way they do. Rusty was a guest on Jim Cramer’s Mad Money program (on CNBC) last Friday. We have the video below. Jimmy Cramer calls Rusty “the smartest man on the oil patch” and the only person he consults with when it comes to the price of oil and gas and what’s happening. It’s high praise coming from Cramer. And well deserved. If you want to know why the price of oil (and gas) is doing what it’s doing, give this a watch and read…
    Read More “The Smartest Man in the Oil (& Gas) Patch: Rusty Braziel”

  • Commodity Price | Economic Impact | Industrywide Issues

    Debate Rages: How Many Shale Drillers will go Bankrupt?

    January 13, 2016January 13, 2016

    Fadel Gheit, senior oil and gas analyst at Oppenheimer & Co., speculated on CNBC on Monday that half of all U.S. shale oil producers could go bankrupt before the price of oil reaches equilibrium. For Gheit, equilibrium price will be somewhere around $60-$70 per barrel. But, he says, it will take a few years to get there. His thesis is that in the meantime oil and gas companies are spending money out the wazoo and cannot sustain it and a good many of them (the smaller ones anyway) will go under. We compare his comments (below) with what Rusty Braziel recently said to Jim Cramer…
    Read More “Debate Rages: How Many Shale Drillers will go Bankrupt?”

  • Best of the Rest

    Marcellus & Utica Shale Story Links: Wed, Jan 13, 2016

    January 13, 2016January 13, 2016

    The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading. In today’s lineup: Gas downturn beats up Appalachian oilfield services companies; OH natgas prices for consumers drop 40%; 3 new drilling permits in OH; rig counts fall sharply in PA; how shale helps family farms; surveying with/without permission; Henry Hub price to collapse below $2; what’s next for Chesapeake?; the “bottom of the barrel” club; U.S. fighting for oil dominance; Saudis claim victory in oil war; and more!
    Read More “Marcellus & Utica Shale Story Links: Wed, Jan 13, 2016”

Page navigation

Previous PagePrevious 1 … 1,291 1,292 1,293 1,294 1,295 … 1,960 Next PageNext
Search

Get Daily Headlines

Newsletter Optin

Recent MDN Issues

  • July 17, 2026
  • July 16, 2026
  • July 15, 2026
  • July 14, 2026
  • July 13, 2026

List of All Daily Issues

Most Recent Articles

  • 7 New Shale Well Permits Reported for PA-OH-WV Jul 6 – 12
  • Coal Miners Show Up at WV Gas Plant Hearing to Oppose Project
  • Dominion Advances Plan for New 3 GW Gas-Fired Power Plant in Va.
  • SC PSC Won’t Reconsider Its Approval of Edisto River Gas-Fired Plant
  • Amazon’s Bucks County Data Center to Use 280 Gas Backup Generators
  • Senate Dems Clash Over States Using Water Permits to Block Pipelines
  • MDN’s Energy Stories of Interest: Fri, Jul 17, 2026
  • HG Energy Washington Co. Pad Leaks Up to 1,000 Barrels of Wastewater
  • Infinity Adds Deal-Maker (Former Olympus Energy CEO) to Board
  • Kershaw County, SC Approves 500 MW Gas-Fired Power Plant Project

© 2009-2026 Marcellus Drilling News

  • Disclaimer
  • Terms of Service
  • Privacy Policy
  • Home
  • About
  • Article Index
  • Calendar
  • Advertising
  • User Guide
  • Subscribe
  • Log In