Skip to content
Marcellus Drilling News
Account Login
  • Home
  • About
  • Article Index
  • Calendar
  • Advertising
  • User Guide
  • SUBSCRIBE
Marcellus Drilling News
  • Allegheny County | Anti-Drilling/Fossil Fuel | Energy Companies | EQT Corp | Industrywide Issues | Pennsylvania

    Jefferson Hills, PA Antis Oppose EQT Well Near Future School Site

    December 7, 2015December 7, 2015

    A battle is heating up in Jefferson Hills (Allegheny County), PA where EQT has (so far) applied to drill a single shale well, near where a new school will be built. Because notifications of the neighbors requires EQT to list the maximum number of wells that may eventually get drilled at the well pad site, EQT has said that eventually that pad may support 20 wells. Note they are not planning on drilling 20 wells at the site. Further note: we’ve never even heard of 20-well site drilled anywhere in the state! Facts don’t matter in this debate. Anti-drilling radicals have latched on to the 20-well number and are raising a fuss, attempting to stop EQT from drilling even a single well. The primary objection seems to be because it will be near a school–a school not yet built…
    Read More “Jefferson Hills, PA Antis Oppose EQT Well Near Future School Site”

  • Allegheny County | Anti-Drilling/Fossil Fuel | Industrywide Issues | Pennsylvania

    Anti-Fracking Jackets for Sale at Local Craft Fair in Pittsburgh

    December 7, 2015December 7, 2015

    Ever been to a local craft fair? They’re fun. You usually find everything on display and for sale from potholders to original paintings to wooden toys to kettle corn. It’s always eclectic–you never know what you’re going to find at such a show. The one thing we’ve never seen (or heard of), until now, is anti-fracking items for sale. Such a booth turned up at a recent craft fair held in Pittsburgh. It’s just, well, unseemly. Out of place. Kind of like a drunken relative who shows up for a family gathering–someone whom no one wants to be there…
    Read More “Anti-Fracking Jackets for Sale at Local Craft Fair in Pittsburgh”

  • Energy Companies | EXCO Resources

    EXCO Resources Director Continues Stock Buying Spree

    December 7, 2015December 7, 2015

    Last month MDN told you about EXCO Resource board member John Wilder and his stock buying bender–snapping up large amounts of EXCO stock, which is very cheap right now at $1.08 per share (see EXCO Board Member Goes on Company Stock Buying Bender). A sharp MDN reader pointed out that Wilder, who is Executive Chairman of Bluescape Resources, which essentially runs EXCO, is contractually obligated to buy $40 million worth of EXCO stock within a year after the deal they closed with EXCO. So it’s no surprise that Wilder continues to buy EXCO stock at a brisk pace. The latest round came last week when he grabbed another 540,000 shares for $685,800…
    Read More “EXCO Resources Director Continues Stock Buying Spree”

  • Energy Services | Industrywide Issues | M&A | Marathon Petroleum | MarkWest Energy

    MarkWest Energy/Marathon Petroleum Exchanging Notes

    December 7, 2015December 7, 2015

    do you like me noteRemember exchanging notes in grade school? “Do you like me? [ ] Yes [ ] No” Exchanging notes in the corporate world is a little more complex than that–but it seems to us like it’s not far removed from exchanging notes in grade school. In the case of high finance and the MarkWest Energy/Marathon Petroleum merger deal, the notes getting exchanged have (big) financial value and implications. MarkWest/Marathon are exchanging old MarkWest IOUs (notes) for new Marathon notes. If it doesn’t get delayed, the exchange will happen on Dec. 18–just in time for Christmas. Will it be a Merry Christmas for existing MarkWest note holders? If you can figure it out, please let us know…
    Read More “MarkWest Energy/Marathon Petroleum Exchanging Notes”

  • Anti-Drilling/Fossil Fuel | Broome County | Industrywide Issues | New York

    Binghamton Newspaper Extreme Anti-Drilling Bias on Display

    December 7, 2015December 7, 2015

    This is what passes for “journalism” at the Binghamton Press & Sun-Bulletin (P&SB), MDN’s hometown newspaper. Once upon a time the P&SB had a lefty reporter working for them, Tom Wilber. We’ve highlighted Tom’s anti-fracking articles in the past. Tom is a good writer, and fancied himself an Author, so he left the P&SB to write a book on fracking, “Under the Surface: Fracking, Fortunes, and the Fate of the Marcellus Shale.” Perhaps Tom thought he could retire in style after attacking shale energy. The book bombed. Tom had to get a day job again and ended up working for the P&SB (surprise!). He recently penned a rehashed diatribe against shale drilling in a series on shale energy appearing in the pages of the P&SB. We found it, quite frankly, boring. If we’re bored, you will be too–which is why we didn’t bother to comment on the series. Fortunately, MDN friends Tom Shepstone and others “took one for the team” and analyzed Tom’s latest anti-drilling diatribe (see NGN: Is That All There Is, Tom Wilber?). Tom (Shepstone) deserves hazard pay for reading it all. Our point: Tom Wilber is what the P&SB considers to be a fair, impartial journalist. Well, no they don’t, not really. They know he’s as biased and unfair as the editors at the P&SB, which is why they run his articles. They present his work as impartial journalism. To further highlight just how unfair and biased the P&SB is, we spotted two opinion pieces in the Sunday edition (yesterday). You know how newspapers run side-by-side “for and against” op-ed pieces? This time it was “against and against”–both op-eds were against fracking and shale energy. That’s what passes for “fair” in the P&SB…
    Read More “Binghamton Newspaper Extreme Anti-Drilling Bias on Display”

  • CNG/LNG | Industrywide Issues

    North America’s Largest Private CNG Facility Opens in Detroit

    December 7, 2015December 7, 2015

    TruStar Energy, one of the biggest Compressed Natural Gas (CNG) fueling station operators, over the weekend announced it has completed construction of the largest private CNG fueling station in North America. The facility was built in Detroit for FCA US and will fuel 179 FCA tractor trucks that haul parts and materials to plants located in Michigan, Ohio and Ontario, Canada. The press release does not say where the natural gas comes from that gets compressed and used, but we have to believe at least some of that gas is coming from the Utica/Marcellus, which makes this a story of interest for MDN…
    Read More “North America’s Largest Private CNG Facility Opens in Detroit”

  • Industrywide Issues | Regulation | Taxation

    Wyoming Senator Exposes Obama Paris Climate Tax Plan

    December 7, 2015December 7, 2015

    U.S. Senator John Barrasso (Republican from Wyoming) is the chairman of the Senate Foreign Relations Subcommittee on Multilateral International Development, Multilateral Institutions, and International Economic, Energy, and Environmental Policy. Sen. Barrasso has done the country a huge favor by writing and releasing a new report titled: “Senate Outlook on United States International Strategy on Climate Change in Paris 2015” (full copy below). If we can sum up the report, it perfectly details how President Obama is attempting to hoodwink U.S. taxpayers into transferring their hard-earned money to foreign countries under the guise of global warming flummery. That is, according to Sen. Barrasso, President Obama intends to force American taxpayers to pay for past economic success through his contributions to the Green Climate Fund. It is an outrage and must opposed at every turn…
    Read More “Wyoming Senator Exposes Obama Paris Climate Tax Plan”

  • About MDN | Calendar

    Calendar of Events for Dec 7 – Mar 6 (90 Days)

    December 7, 2015December 7, 2015

    Below are upcoming events for the next three months (90 days). To see the full list of future events, visit this page: //marcellusdrilling.com/calendar/.

    NOTE: To have an item included, please email it to: calendar@marcellusdrilling.com.
    Read More “Calendar of Events for Dec 7 – Mar 6 (90 Days)”

  • Best of the Rest

    Marcellus & Utica Shale Story Links: Mon, Dec 7, 2015

    December 7, 2015December 7, 2015

    The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading. In today’s lineup: Cuomo’s new (arrogant) energy mandates; Halcon note exchange successful; PA DEP still playing catch-up in regulating shale; Harrisburg finally has a budget deal (again); nutjobs press for Penn State for more action on so-called climate change; WV’s high natgas reserves; Mass. AG in bed with corrupt journalism; fracking in Florida; OPEC’s price war on gas & oil not over; and more!
    Read More “Marcellus & Utica Shale Story Links: Mon, Dec 7, 2015”

  • Crime | Energy Companies | Industrywide Issues | Statewide WV | West Virginia | XTO

    Former XTO Marcellus Landman Gets 5+ Years in Prison for Fraud

    December 4, 2015December 4, 2015

    prisonIn a somewhat complicated scam, a former landman for XTO Energy, Steven E. Fisackerly (33 years old) defrauded XTO out of more than $1 million with fake lease deals in the West Virginia Marcellus Shale region. He cooked up bogus documents and passed them off as real, pocketing commissions. He even worked with a supposed/fake mineral rights owner to pocket kickbacks from lease payments sent to the fake rights owner. It was elaborate and convoluted–and ultimately stupid. Fisackerly plead guilty in May and will enter prison on January 4. His sentence? Pay back more than $1 million he defrauded from XTO, and serve 63 months (over 5 years) in federal prison…
    Read More “Former XTO Marcellus Landman Gets 5+ Years in Prison for Fraud”

  • Industrywide Issues | Ohio | Research | Statewide OH | Utica Shale

    OH Shale Wells Already Smash 2014 Record, 3Q15 Results (Exclusive)

    December 4, 2015December 4, 2015

    Ohio’s oil and natural gas horizontal well (i.e. Utica) production for 2015 has, has of the third quarter, already surpassed production for all of 2014 according to the Ohio Dept. of Natural Resources (ODNR). The ODNR issued their latest quarterly production update, for 3Q15, yesterday. During 3Q15 Ohio’s horizontal shale wells produced 5.7 million barrels of oil and 245 billion cubic feet of natural gas. Below we have the ODNR’s high level overview of the numbers, along with our own analysis showing: the top 25 producing gas wells, the top 25 producing oil wells, and then the top 25 gas and oil wells as ranked by average production per day. There is a difference! The longer an oil or gas well is online, the less it produces. Newer wells produce more. So we show you which wells are not just producing the most quantity overall, but which wells are producing at the fastest (most productive) rates–even if they haven’t yet been online a full three months (92 days). We also include a link to the complete list of 1,134 wells that had at least some Utica oil or gas production in 3Q15 in a more usable format than that provided by the ODNR…
    Read More “OH Shale Wells Already Smash 2014 Record, 3Q15 Results (Exclusive)”

  • Blue Ridge Mtn Res/Magnum Hunter | Energy Companies | Industrywide Issues | Litigation

    Magnum Hunter Investor: We’ll Sue to Stop Bankruptcy Filing

    December 4, 2015December 4, 2015
    Dallas Salazar
    Dallas Salazar

    A developing situation with Magnum Hunter Resources (MHR). As you know, analysts we’ve read believe MHR is about to file for bankruptcy. In fact, MHR itself indicates bankruptcy is a very real (likely?) option, judging from comments they make in a recent filing they made with the SEC (see Dire Straits: Magnum Hunter Tells SEC Heading for Bankruptcy). However, one of MHR’s largest stockholders, Dallas Salazar, CEO of Austin, TX-­based Atlas Consulting, is telling MHR to hold on (see Activist Investor Threatens Magnum Hunter with Takeover Unless…). Salazar and a growing list of supporters will fight an MHR bankruptcy tooth and nail. Salazar has assembled a team of investors who will sue MHR should the company file for bankruptcy. Salazar’s legal team is the same team that previously (and successfully) sued Washington Mutual on behalf of shareholders. Salazar, in very frank language, has sent a letter to MHR management to let them know bankruptcy is not an option (see the letter below)…
    Read More “Magnum Hunter Investor: We’ll Sue to Stop Bankruptcy Filing”

  • Chesapeake Energy | Energy Companies

    Chesapeake Energy Floats Plan to Exchange $1.5B Worth of IOUs

    December 4, 2015December 4, 2015

    On Wednesday Chesapeake Energy announced a “private exchange offer for senior notes.” Disclaimer right up front: We’re not high finance people here at MDN. Some of this stuff befuddles us. However, we’ll try to make sense of what Chessy is offering. If we can boil it all down, Chesapeake is offering to exchange senior notes, or IOUs that are coming due in the next few years, with something called second lien (or secured) notes. Second lien notes are, of course, lower in priority for payback (should there be a default) than more senior notes. Chesapeake is hoping to entice current unsecured (no guarantee of a payback) noteholders with notes currently due in 2017/2018 with secured notes due in 2022 with a more favorable interest rate. The secured notes, as we noted, are second-in-line to other notes and debt obligations. Chesapeake is hoping to exchange up to $1.5 billion of new 8% senior secured second lien notes due in 2022 for certain outstanding unsecured notes. Will they be successful?…
    Read More “Chesapeake Energy Floats Plan to Exchange $1.5B Worth of IOUs”

  • Energy Services | Marathon Petroleum | MarkWest Energy

    Marathon/MarkWest Investor Day: 9 New Opportunities in Midstream

    December 4, 2015December 4, 2015

    Yesterday Marathon Petroleum, new owner of MarkWest Energy Partners, held an analyst and investor day at their Findlay, Ohio headquarters. During the meeting Marathon unveiled a $4.2 billion capital investment plan for 2016. Of that $4.2B, $1.2B will go to infrastructure projects for MarkWest, almost entirely in the Marcellus/Utica region. As part of the presentation Marathon/MarkWest detailed a list of nine potential investment opportunities that is pursued will cost between $6-$9 billion. Among those opportunities: building out pipeline infrastructure in the Rogersville Shale, and investing in “ethane cracker infrastructure.” Below is the press release issued by Marathon along with a copy of the investor presentation they used at the meeting (unfortunately we don’t yet have a transcript of the official presentation). We’ve indicated our favorite slides from the (extensive and long) presentation, slides we think you’ll find interesting too…
    Read More “Marathon/MarkWest Investor Day: 9 New Opportunities in Midstream”

  • Energy Companies | EQT Corp

    EQT’s Steve Schlotterbeck Becomes President, Heir Apparent

    December 4, 2015December 4, 2015

    Looks to us like we now know who is next in line to run EQT–one of the largest drillers in the Marcellus/Utica and driller of (so far) the single most productive shale well ever, the Scotts Run 591340 dry Utica well in Greene County, PA producing 72.9 million cubic feet per day initially (see EQT’s 1st Utica Well Shatters Record – 72.9 MMcf/d IP Rate!). Until now David Porges has held the office of president and CEO of EQT. Porges will retain the CEO title, but Steve Schlotterbeck, previously executive vice president and president of exploration & production will take on the role of president for the entire company. Which makes him the heir apparent when Porges decides to retire…
    Read More “EQT’s Steve Schlotterbeck Becomes President, Heir Apparent”

  • Allegheny County | Industrywide Issues | Jobs | Pennsylvania | Supply Chain

    Cinci Law Firm Opens New Office/Energy Practice in Pittsburgh

    December 4, 2015December 4, 2015

    292586LOGOJust last week we told you it’s getting so bad out there because of the low price of oil and gas, that even some law firms are closing down. We told you that Burleson LLP, headquartered in Houston but with a sizable office they opened in Pittsburgh six years ago, is shutting down all of their offices, including Pittsburgh (see Prominent Energy Law Firm Closing Down – Lack of Business). That puts 31 Burleson employees (including 26 lawyers) in the unemployment line. But just like that, another law firm, this one from Cincinnati, has just announced they are OPENING a new office in Pittsburgh. And guess what? They’ve hired 10 of those Burleson lawyers for their new Pittsburgh office…
    Read More “Cinci Law Firm Opens New Office/Energy Practice in Pittsburgh”

Page navigation

Previous PagePrevious 1 … 1,302 1,303 1,304 1,305 1,306 … 1,955 Next PageNext
Search

Get Daily Headlines

Newsletter Optin

Recent MDN Issues

  • June 26, 2026
  • June 25, 2026
  • June 24, 2026
  • June 23, 2026
  • June 22, 2026

List of All Daily Issues

Most Recent Articles

  • 31 New Shale Well Permits Reported for PA-OH-WV Jun 15 – 21
  • Devon Energy CEO: Asset Review to Finish in Months, Not a Year
  • Williams Open Season to Expand Transco Gas Eastbound to PA, NJ, MD
  • Ohio Gets Ready to Open Another 23K Ac. of State Land for Fracking
  • OH Gov. DeWine Signs Bill Updating Law Governing Oil & Gas Wells
  • Riverkeeper Claims Dead Philly LNG Project has Come Back to Life
  • MDN’s Energy Stories of Interest: Fri, Jun 26, 2026
  • New 953-MW Utica-Fired Power Plant Goes Online in Lordstown, OH
  • FERC Gives OK for MVP Southgate Construction to Begin in N.C.
  • PA Anti-Shale Groups Push for Bill that Defacto Bans Data Centers

© 2009-2026 Marcellus Drilling News

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