NY Gov Cuomo Vows to Fight FitzPatrick Nuke Plant Closure
Two days ago MDN told you that the FitzPatrick nuclear power plant in Oswego, NY will shut down, largely because it can no longer compete with electric plants powered by cheap Marcellus Shale gas (see PA Marcellus Gas Claims a Nuclear Scalp in Central NY). New York Gov. Cuomo banned fracking, so NY doesn’t produce any cheap, abundant, clean-burning natural gas. That’s a burr under Andy’s saddle. He detests closing the nuke plant because gas has won. So instead of letting market economics (you know, free enterprise) dictate what happens in NY, Cuomo is gearing up to fight the closure of the FitzPatrick nuclear plant. The company that owns FitzPatrick also owns another nuke plant in NY called Indian Point. Cuomo WANTS to shut down Indian Point–has been trying to for years. But he doesn’t want to shut down FitzPatrick. What kind of crazy man is he?…
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Noble Energy is a global driller involved in a number of shale plays in the U.S. including the DJ Basin, Eagle Ford Shale, Delaware Basin and Marcellus Shale. Noble idled the last remaining drilling rig they were operating in the Marcellus in September (see
Yesterday Dominion, a huge utility/pipeline company operating in 13 states and organized into multiple corporations, released their third quarter 2015 update. Frankly, the official press release was pretty boring and short–concentrating on the financials. Our chief interest is on the operations side–tell us about the projects under way. So we went trolling through a transcript of yesterday’s investors conference call and sure enough, came up with gold. Tom Farrell, CEO of Dominion, had quite a bit to say in his prepared remarks about the Atlantic Coast Pipeline, the Cove Point LNG export plant, and even about “farmouts” of Utica acreage. Farrell said that surveying is 85% complete for the Atlantic Coast Pipeline, and engineering is 75% complete with some contracts for pipe already awarded. Farrell said that overall, the Cove Point project is now 47% done and there are 1,300 workers on site now. Exciting! But what’s this business about farmouts?…
Stone Energy, an independent oil and natural gas exploration and production company (E&P) headquartered in Lafayette, Louisiana drills mainly in the Gulf of Mexico but also has a presence in the Marcellus/Utica Shale. Earlier this year the company released the one active Marcellus rig they were running and said they would not resume drilling in the northeast until receiving a hybrid rig in late 2015/early 2016 that can drill both Marcellus and Utica wells (see
Rex Energy, a pure play driller focused totally on the Marcellus/Utica, released their third quarter production and price realizations update yesterday. It is a short update (below) that does not include Rex’s financials. We’ve seen this with a few companies–they release what is typically the “good news” first and then the other shoe drops a few weeks later. So we’ll keep a sharp eye out for Rex’s financial update when that gets published. In the meantime, Rex’s production in 3Q15 was up 14% from 3Q14, but down slightly–6%–from 2Q15 (last quarter). Rex explains why…
In August 2014 the Marshall County, WV board of commissioners (a 3-person board) voted to approve a plan to build a Marcellus Shale-powered electric plant in the county (see 
Peak Oil theorists like Art Berman won’t be happy with the latest report just published by oil giant BP. BP and other large energy companies publish annual energy outlook studies that we’ve highlighted in the past (see
The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading. In today’s lineup: rig count trends in the Utica & Marcellus; Aussies partner with Pittsburgh company; WV severance tax is higher than OH; midstream megadeals; investors striking out in o&g; and more!
A story in Philadelphia Magazine perfectly illustrates the Nazi-like control freaks that inhabit anti-fossil fuel organizations like Food and Water Watch and the fringe group Action United. Philadelphia City Councilman Curtis Jones Jr. is a bone fide, card-carrying liberal Democrat. In 2011 Jones called for a fracking moratorium in the Delaware River Basin. Since that time Jones has actively advocated for no fracking/drilling in the Philadelphia region. Four years ago the Marcellus Shale Coalition invited Jones (and others) to tour a drilling rig, to see how it’s done. At the time, he declined. It’s always so much easier when you stick your head in…the sand. But Jones is a member of the Philadelphia Gas Commission, the group that oversees the city-owned Philadelphia Gas Works (PGW). A recent audit recommends PGW buy more Marcellus Shale gas (see 
It was just two weeks ago that MDN posted an article saying the New York Dept. of Environmental Conservation (DEC) has had enough time to approve stream-crossing permits for the much-needed Constitution Pipeline. It’s now time to force their hand (see