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

    OH Supreme Court Sends Mixed Signal on “Home Rule” Issue

    November 12, 2015November 12, 2015

    Earlier this year the Ohio Supreme Court ruled in a very important court case that the “city” (of 5,000 people) of Monroe Falls could not layer on its own oil and gas regulations over top of state regulations, effectively preventing Beck Energy from drilling on a site in the city already properly permitted (see OH Supreme Court Strikes Down Home Rule in Gas Drilling Case). It was assumed that case would provide precedence and settle the issue once and for all that towns can’t simply pass their own zoning regulations in an attempt to prevent oil and gas drilling. But it appears the mind of the Supremes is far from being settled. Beck Energy, following that case, pressed their advantage and asked the court for an order that directs Monroe Falls to not use zoning ordinances “to prohibit drilling for oil and gas in 99.06 percent of the city’s territory.” On Tuesday the Supreme Court dismissed the request without comment, leaving everyone to wonder what they really intend. It appears to not be a good sign for the drilling industry in Ohio…
    Read More “OH Supreme Court Sends Mixed Signal on “Home Rule” Issue”

  • Eclipse Resources | Energy Companies

    Eclipse Resources 3Q15: Production Up 163%, Net Loss $81M

    November 12, 2015November 12, 2015

    Eclipse Resources, an exploration and production company focused solely on the Marcellus and Utica Shale region headquartered in State College, PA but focusing on Utica drilling, released its third quarter earnings and operational update. It was also just yesterday we told you about the rumor that Eclipse is shopping itself (see Marcellus/Utica Driller Eclipse Resources Looking for a Buyer). What does the 3Q15 update show? Production averaged 225.2 million cubic feet equivalent per day (MMcfe/d), up 163% over 3Q14. Eclipse drilled 9 gross (4.8 net) wells, completed 15 gross (7.2 net) wells and turned 22 gross (6.4 net) wells to sales. Because of smart hedging, the company got $2.86 per thousand cubic feet (Mcf) in 3Q15–10 cents per Mcf more than what gas has been trading for at the Henry Hub. But even with pumping way more gas and getting favorable pricing, it still wasn’t enough to prevent an $81 million net loss for the quarter. Yes, some of that was a paper loss (depreciation/amortization stuff)–but not all of it. Some of it was actual money out of pocket loss. Here’s the update…
    Read More “Eclipse Resources 3Q15: Production Up 163%, Net Loss $81M”

  • Electrical Generation | Industrywide Issues | Lackawanna County | Pennsylvania

    Shhh…Invenergy Plans Design Changes at Jessup Electric Plant

    November 12, 2015November 12, 2015

    As MDN has previously chronicled, Chicago-based Invenergy hopes to build what will be the largest (to date) electric generating plant in the state of Pennsylvania powered by natural gas (see Public Hearing on NEPA Proposed Marcellus-Powered Electric Plant). Invenergy hopes to build the 1300-megawatt plant (incorrectly listed as 1500 megawatts in the excerpt below) in the borough of Jessup (Lackawanna County), near Scranton. The company is making a change in the design of the plant to make it a tad bit quieter, which will make the neighbors happy…
    Read More “Shhh…Invenergy Plans Design Changes at Jessup Electric Plant”

  • Anti-Drilling/Fossil Fuel | CNX Resources | Energy Companies | Industrywide Issues | Litigation | Pennsylvania | Regulation | Westmoreland County

    3 Western PA Antis Weigh Appeal of Court Ruling in Zoning Case

    November 12, 2015November 12, 2015

    Three anti-drillers in Westmoreland County, PA are continuing their quest to deny their neighbors the right to allow natural gas drilling. You may recall one week ago we told you that a clear-thinking western PA county judge ruled that there are two sides to the Act 13 court case–local municipalities don’t always have to rule you *can’t* allow drilling in certain areas, sometimes the decision goes the other way *to* allow it (see PA County Court Rules Drilling OK in Ag/Residential District). In this particular case, three ladies–Dolores Frederick, Patricia Hagaman and Beverly Taylor–have their knickers in a twist that one of their neighbors, a farm owned by John and Anne Slike, wants to allow CNX Gas (i.e. CONSOL Energy) to drill on their property, some 1,200 feet away. The three ladies lost. But as with antis everywhere, the rule of law makes no difference. They (and their lawyer) are still agitating to try and prevent the Slikes from moving forward. They’re deciding whether or not to appeal the decision…
    Read More “3 Western PA Antis Weigh Appeal of Court Ruling in Zoning Case”

  • Energy Companies | EXCO Resources

    EXCO Stock Short Selling Goes Up; Board Member Buys 297K Shares

    November 12, 2015November 12, 2015

    EXCO Resources is an exploration and production company operating in East Texas/North Louisiana (the Haynesville Shale), South Texas (the Eagle Ford Shale), and in the Marcellus Shale region–in Pennsylvania and West Virginia. EXCO has a sizable Marcellus presence with 145,000 net acres in the Marcellus, having drilled and now operating 124 horizontal Marcellus wells. They’re also a company facing stiff challenges. We’ve enumerated those challenges for more than a year (see our EXCO stories here). Recently there’s been an uptick in “short selling” of EXCO stock. What does that mean? In essence, it means an increasing number of investors believe the price of EXCO’s stock will head lower than it is right now (see our short selling tutorial, “Short Selling” – An Important Signal for Marcellus-Related Companies). Below is the news about an increase in EXCO stock short selling, with a preface to put it in context, so you know how to think about it. Also below is news that John Wilder, an EXCO board member, has just purchased 297,100 shares of EXCO stock for $314,926…
    Read More “EXCO Stock Short Selling Goes Up; Board Member Buys 297K Shares”

  • Best of the Rest

    Marcellus & Utica Shale Story Links: Thu, Nov 12, 2015

    November 12, 2015November 12, 2015

    The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading. In today’s lineup: the rise of Rice Energy; Rex shifts to holding acreage strategy; who’s behind pipeline opposition; OH sees $5.7B in new o&g spending since spring; fighting fractivism; EPA hearings on CPP in Pittsburgh today & tomorrow; WV town bans injection wells; pipeline bill debate in MA draws big crowd; and more!
    Read More “Marcellus & Utica Shale Story Links: Thu, Nov 12, 2015”

  • Allegheny County | Energy Companies | Noble Energy | Pennsylvania | Statewide PA

    Noble Energy Axes Another 45 Marcellus Jobs, 180 Jobs Companywide

    November 11, 2015November 11, 2015

    cutting jobsPerhaps we now know why Noble Energy VP of exploration, Michael W. Putnam, sold a bunch of company stock last Thursday in what is called “insider selling” (see Noble Energy’s VP of Exploration Sells $224K of Company Stock). Yesterday the company announced it is cutting 45 jobs in the Marcellus Shale–and 180 jobs companywide. Ouch. MDN received the following tip from a subscriber yesterday late morning: “FYI, Noble Energy is in the midst of a possibly major layoff of their Canonsburg office today. 30-50% of the existing staff. This information came to me from friends who work there, one of whom was let go this morning. They knew about the pending layoff last week.” How many will be left working in the PA Marcellus, and how many employees will be left companywide? We have the numbers…
    Read More “Noble Energy Axes Another 45 Marcellus Jobs, 180 Jobs Companywide”

  • Industrywide Issues | Pennsylvania | Pipelines | Regulation | Statewide PA

    PA Gathering Pipeline Draft “Recommendations” from Wolf Task Force

    November 11, 2015November 11, 2015

    In May, Gov. Wolf announced the creation of a “Task Force on Pipeline Infrastructure Development” that will add an additional layer of interference by anti-drilling “environmental organizations” on where pipelines can and (preferably, from their viewpoint) can’t be laid (see Disaster on the Horizon: PA Gov Wolf Creates Pipeline Task Force). The Task Force was billed as an “unprecedented collaboration of stakeholders” from government, drillers, midstreamers, and anti-drillers (euphemistically referred to as environmentalists). Wolf and his Dept. of Environmental Protection (DEP) Secretary, John Quigley, appointed 48 members to the task force (see PA Gov Wolf Packs Pipeline Task Force with His Own Minions). The pipeline gang has now held four of six meetings (complete with opposition from Wolf’s kook left-wing fringe, see PA DEP Sec. Quigley Calls Pipeline Protesters “Badly Misinformed”), and some 12 working groups have (yes) done some work. Yesterday the Pipeline Infrastructure Task Force issued a draft report that they plan to officially submit to the governor and the legislature in February 2016. The (gulp) 335-page document contains 184 “recommendations.” Our concern is that recommendations have a way of becoming regulations in the hands of LibDems. Below is a copy of the full draft report along with the DEP press release announcing its release…
    Read More “PA Gathering Pipeline Draft “Recommendations” from Wolf Task Force”

  • Centre County | Eclipse Resources | Energy Companies | Pennsylvania

    Marcellus/Utica Driller Eclipse Resources Looking for a Buyer

    November 11, 2015November 11, 2015

    One by one the dominoes are falling–companies in the Marcellus/Utica that just can’t hang on any longer are selling themselves. It was only last December that Eclipse Resources, an exploration and production company focused solely on the Marcellus and Utica Shale region, announced it had raised $440 million in a “private placement” of 62.5 million shares of common stock (see Eclipse Resources Gets $440M from New Stock, Trims 2015 Capex 20%). Eclipse drills almost exclusively in the Ohio Utica Shale, even though it’s headquartered in State College, PA. In June, Eclipse went shopping for an additional $550 million pile of cash by offering IOUs (see Eclipse Lowers IOU Offering Expectations – by $100M). Now comes word the company is using Morgan Stanley to shop itself to potential buyers. No word on the asking price or whether or not there’s been any bids…
    Read More “Marcellus/Utica Driller Eclipse Resources Looking for a Buyer”

  • Best of the Rest

    Marcellus & Utica Shale Story Links: Wed, Nov 11, 2015

    November 11, 2015November 12, 2015

    The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading. In today’s lineup: Magnum Hunter teetering on the brink; LNG imports or pipelines better for NYC?; PA budget deal may not be done after all; people are the first to go in down o&g market; fracking killed the Keystone pipeline, but is saving the planet; Sierra Club admits fracking lowers CO2; Halliburton issues bunch of IOUs to buy Baker Hughes; first LNG containership transits Panama Canal; and more!
    Read More “Marcellus & Utica Shale Story Links: Wed, Nov 11, 2015”

  • Anti-Drilling/Fossil Fuel | Indiana County | Industrywide Issues | Litigation | Pennsylvania | Regulation | Wastewater

    Grant Twp, PA Reorganizes to Avoid a Court-Ordered Injection Well

    November 11, 2015November 11, 2015

    In October MDN told you about Grant Township in Indiana County, PA. The town had attempted to illegally block a permitted injection well from being drilled and used inside the town’s boundaries. The town folk have been whipped into an irrational frenzy by the radical leftist PA-based group Community Environmental Legal Defense Fund (CELDF). As usual, the CELDF-promoted so-called Community Bill of Rights failed in court, costing Grant Township taxpayers big bucks to defend (see Fed Judge Overturns Grant Twp, PA Ban on Injection Wells). People without jobs (like those infesting CELDF) have lots of time to be creative–so here’s the latest. They talked enough town folk into passing another/new plan on the November. The town voted to convert itself from being a PA Second Class Township form of organization to being PA Home Rule Charter form of organization–in an attempt to do an end-run around the judge’s ruling last month. Will it work? Probably not, but here we go again–another delay for Pennsylvania General Energy and their plan to drill an injection well. You know the old saying? Justice delayed is justice denied. When will the courts step in and stop this madness?…
    Read More “Grant Twp, PA Reorganizes to Avoid a Court-Ordered Injection Well”

  • Blue Ridge Mtn Res/Magnum Hunter | Energy Companies | Energy Services | GreenHunter Resources

    MHR’s GreenHunter Schedules 3Q15 Conference Call Next Week

    November 11, 2015November 11, 2015

    Here’s something pretty innocuous, at least at first glance, but something we find interesting nonetheless. Yesterday GreenHunter Resources announced it will hold an operating results conference call next Monday, Nov. 16. There’s certainly not much that appears to be interesting about that. We see dozens (hundreds?) of such announcements each quarter. So what, about this one, caught our attention?…
    Read More “MHR’s GreenHunter Schedules 3Q15 Conference Call Next Week”

  • Centre County | Energy Companies | Lawrence County | Pennsylvania | Rex Energy | Utica Shale

    Rex Energy 3Q15: $95M Paper Loss, 1st Utica Well Online, Prod Up 15%

    November 11, 2015November 11, 2015

    Rex Energy and Eclipse Resources are really like two peas in a pod. The people who founded Eclipse, which is shopping itself (see today’s companion story), are former Rex Energy people. Both companies are pure play, concentrating on the Marcellus/Utica, and both companies are headquartered in State College, PA. On Monday Rex Energy issued its third quarter 2015 update. The company lost nearly $95 million for 3Q15–but the entire thing was a paper loss, writedowns for the value of their assets because the price of natural gas took a nosedive. Production for the company was up 15% in 3Q15 over the same period a year earlier. Some of the biggest news we spot in the update is that Rex has been able to squeeze the costs all the way down to $5.2 million per Marcellus well they drill. Also big news: Rex put into production their very first Utica Shale well, drilled in Lawrence County, PA. Here’s the particulars…
    Read More “Rex Energy 3Q15: $95M Paper Loss, 1st Utica Well Online, Prod Up 15%”

  • Energy Companies | Warren Resources

    Warren Res. 3Q15: $190M Paper Loss, Completes 2 Upper Marcellus Wells

    November 11, 2015November 11, 2015

    Warren Resources, a small, independent exploration and production company with an ongoing drilling programs in California, Wyoming, and in the northeast Pennsylvania Marcellus Shale, issued their third quarter 2015 update and held an analyst call earlier this week. The company experienced a $189.5 million loss for the quarter, most of that being a paper loss due to writing down the value of assets (the pattern we’ve seen with almost every other Marcellus/Utica driller in 3Q15). Warren only spent $3.8 million in the Marcellus in 3Q15–to finish two drilled “Upper Marcellus” wells (see Warren Resources Releases Details on 2 “Upper” Marcellus Wells). Below are select portions of both the 3Q15 press release update and from the analyst conference call transcript…
    Read More “Warren Res. 3Q15: $190M Paper Loss, Completes 2 Upper Marcellus Wells”

  • Energy Services | Equitrans/EQT Midstream

    EQT Midstream Floats 5.7M Units, Hopes to Get $406M

    November 11, 2015November 11, 2015

    EQT Midstream, the fully-owned subsidiary of Marcellus (now mostly Utica) driller EQT, floated 5,650,000 common units (think shares of stock) yesterday. The company expects get around $406 million for the units. The details…
    Read More “EQT Midstream Floats 5.7M Units, Hopes to Get $406M”

  • Electrical Generation | Industrywide Issues | Luzerne County | Pennsylvania

    Gemma Power Gets Contract to Build Moxie Freedom Electric Plant

    November 11, 2015September 12, 2016

    Over a year ago MDN broke the news that Moxie Energy was in the hunt to begin a third new Marcellus gas-powered electric plant project in Pennsylvania (see Moxie Energy in Hunt for Third Marcellus-Powered Electric Plant?). Indeed, our suspicions were borne out and Moxie pursued a project to build a plant in Luzerne County. Moxie is calling it the Freedom project and in November they received approval from Salem Township to proceed (see Moxie’s NEPA Marcellus-Powered Electric Plant Gets 1st Approval). In September Moxie received the all-important approval–permission from the PA Dept. of Environmental Protection (see Moxie’s NEPA Marcellus-Powered Electric Plant Gets DEP Approval). We were convinced that like the previous two such projects, Moxie Liberty and Moxie Patriot were sold to Panda Power Funds, the company that is right now building them. However, a press release was just issued by Gemma Power Systems that says Gemma has been selected by Moxie to build the $800 million project. Here’s the details from Gemma on what technology they will use to build the 1,000-megawatt plant near Scranton…
    Read More “Gemma Power Gets Contract to Build Moxie Freedom Electric Plant”

Page navigation

Previous PagePrevious 1 … 1,303 1,304 1,305 1,306 1,307 … 1,946 Next PageNext
Search

Get Daily Headlines

Newsletter Optin

Recent MDN Issues

  • May 28, 2026
  • May 27, 2026
  • May 26, 2026
  • May 22, 2026
  • May 21, 2026

List of All Daily Issues

Most Recent Articles

  • Gov. Shapiro Issues Strict Standards for Data Center Tax Breaks
  • Some PA Republican Legislators Lose Their Way on Data Center Issue
  • Warren, OH Council Proposes Economic Suicide via Data Center Ban
  • ArcLight Capital, Owner of Major Assets in M-U, Sold to Japan Co.
  • How the Marcellus/Utica Made the U.S. #1 in LNG Exports
  • Record “Open Interest” Trading Across North American NatGas Markets
  • MDN’s Energy Stories of Interest: Thu, May 28, 2026
  • Oilfield Services Co. Closing Southwest PA Office, Cutting 75 Jobs
  • Major Marcellus Landowner WhiteHawk Minerals Seeks $187M via IPO
  • EQT & Diversified Win Va. Supreme Court Case Lowering Tax on Assets

© 2009-2026 Marcellus Drilling News

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