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Marcellus Drilling News
  • Hydraulic Fracturing | Industrywide Issues | Pennsylvania | Research | Statewide PA

    Update on Study that May/Might/Possibly Show Stressors from Drilling

    November 18, 2015November 18, 2015

    In September MDN told you about a newly published study that purports to evaluate potential “stressors” on streams from unconventional (i.e. shale) oil and gas drilling–including drilling in the Marcellus/Utica (see New Study Evaluates Stressors on Streams from Shale Drilling). As we said at the time, the study appears to be real science as opposed to the usual political science that passes for real science. The one great negative, in our opinion, is that it was published in a non-peer reviewed journal that publishes a lot of “fracking will kill you” bull–PLOS ONE. The study has popped back up in the news once again. We find it interesting that newspapers run this headline–“Study indicates gas drilling can impact rivers, streams”–and a few paragraphs into the story, one of the lead authors of the paper says this: “What we’ve developed is a predictive model…We have not proven anything about whether shale gas development is affecting streams or not.” You always see lots of “cans” and “maybes” and “mights” and “possiblys” when it comes to anti-drilling mainstream media. How about sticking to “does” and “will” and “proven” instead? In other words, let’s have some hard science instead of theoretical science. Prove your statements. Do some in-the-field research. Here’s the latest update on a study that “may” indicate “some” problems with shale drilling…
    Read More “Update on Study that May/Might/Possibly Show Stressors from Drilling”

  • Energy Companies | Hess

    Hess Proud of Pleasing Those Who Want to Shut the Company Down

    November 18, 2015November 18, 2015

    Has the world always been this screwed up? Perhaps. How do you explain one of the world’s largest fossil fuel companies, Hess Corp., trying to please the lunatics who are trying to shut them down? Do you call that self-loathing? Do you call it fear? Do you call it dysfunctional co-dependency? Whatever you call it, Hess is crowing about the “honor” of being recognized as a “leader” among S&P 500 companies for “climate change transparency”. This “honor” has earned Hess a position on something called the “2015 Climate Disclosure Leadership Index (CDLI)”–a hall of fame thing cooked up by a group of self-righteous global warming true believers called the CDP who would love nothing better than to see oil and gas companies like Hess go extinct…
    Read More “Hess Proud of Pleasing Those Who Want to Shut the Company Down”

  • Energy Companies | EXCO Resources

    EXCO Board Member Goes on Company Stock Buying Bender

    November 18, 2015November 19, 2015

    [Note: This story was updated on Nov. 19, see note below.]

    EXCO Resources’ Board of Directors member John Wilder, Jr. has been on a one-man stock-buying bender over the past couple of weeks. You may recall Wilder purchased 297,100 shares of EXCO stock for ~$315,000 at the end of October (see EXCO Stock Short Selling Goes Up; Board Member Buys 297K Shares). Last Friday and again on Monday Wilder purchased another ~$830,000 worth of company stock (~793,000 shares), for a grand total of $1.14 million worth of stock (1,090,063 shares). Why the sudden purchases?…
    Read More “EXCO Board Member Goes on Company Stock Buying Bender”

  • Best of the Rest

    Marcellus & Utica Shale Story Links: Wed, Nov 18, 2015

    November 18, 2015November 18, 2015

    The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading. In today’s lineup: Seneca continues to curtain production; Gastar appoints new chairman; natgas tugboat coming courtesy the Ohio Valley; natgas bumped off NY nuke plant; Utica rig count slides more; midstream dealmaking; Chesapeake a good deal?; and more!
    Read More “Marcellus & Utica Shale Story Links: Wed, Nov 18, 2015”

  • Anti-Drilling/Fossil Fuel | Energy Companies | Industrywide Issues | Inflection Energy | Litigation | Lycoming County | Pennsylvania

    PA Judge to Antis Seeking Drilling Delay: Put Up $5.69M or Shut Up

    November 17, 2015November 17, 2015

    Gavel-falling.jpgHere’s a story we LOVE bringing you. A Pennsylvania county judge, Senior Judge Brendan J. Vanston (Lycoming County), has just told an anti-driller to put up or shut up. Inflection Energy had been legally permitted to begin drilling a well in Loyalsock Township in Lycoming County. As they so often do, an anti-driller objected, filing an appeal to stop the drilling in an attempt to delay it by (ab)using the courts. The judge said, in essence, “OK, if you want to play this game, you need to put up $5.69 million as a bond–money you will lose if you don’t prove your frivolous case.” We predict the case will quickly disappear and Inflection will begin drilling…
    Read More “PA Judge to Antis Seeking Drilling Delay: Put Up $5.69M or Shut Up”

  • Forced Pooling | Industrywide Issues | Regulation | Statewide WV | West Virginia

    WV Forced Pooling Bill Coming Around Again in 2016

    November 17, 2015November 17, 2015

    West Virginia landowners and mineral rights owners get prepared: the forced pooling issue is coming around again. After five years of trying, it seemed that a forced pooling bill was finally going to pass in West Virginia during the 2015 WV 60-day legislative session. But at the literal eleventh hour of the last day of the session, it failed (see The Real Story of Why Forced Pooling Bill Failed in WV). In April we told you that the forced pooling bill may get a vote this fall, although that never materialized (see WV Forced Pooling Bill HB 2688 May Get Another Vote This Fall). However, yesterday legislators got a look at a revised version of the bill that died earlier this year. The plan, as it currently stands, is to re-introduce it in January when the WV legislature meets for its annual 60-day session…
    Read More “WV Forced Pooling Bill Coming Around Again in 2016”

  • Economic Impact | Industrywide Issues | Ohio | Pipelines | Processing Plants | Research | Statewide OH

    Fall 2015 List of Shale-Related Infra Projects in OH – $33.7B!

    November 17, 2015November 17, 2015

    We’re excited to share with you an update to a report we LOVE. The sharp researchers at law firm Bricker & Eckler produce a twice yearly called “Shale Economic Development Overview.” It is a list of projects details, by county in Ohio, of those projects started or planned because of shale drilling. The Spring 2015 edition is embedded below. The first edition of this list was published in October 2013 and showed projects worth $12.2 billion. In October 2014 that number had risen to a staggering $21.5 billion. In the Spring 2015 edition, the total rose to $28 billion. This new edition for Fall 2015 shows a total investment in Ohio’s economy of a staggering $33.7 billion! The fact that investments in Ohio continue to increase is a testament to the fact that although drilling has greatly slowed, the midstream (pipelines and processing plants) have not…
    Read More “Fall 2015 List of Shale-Related Infra Projects in OH – $33.7B!”

  • Anadarko | Anti-Drilling/Fossil Fuel | Crime | Energy Companies | Industrywide Issues | Lycoming County | Pennsylvania

    Earth First Protesters Convicted, Fined for Blocking PA Drill Site

    November 17, 2015November 17, 2015

    A couple of radical “Earth First” protesters were fined $400 each last Friday in a Lycoming County, PA court, having been convicted of creating a hazardous situation by “crossing the line” according to the judge. The conviction stems from a case we reported to you last year when a group of nutters shut down an Anadarko drilling site in Lycoming County by chaining themselves to a 12-foot long, shrapnel-filled concrete pipe they had laid across a road (see Protesters Shut Down Anadarko Drill Site in Lycoming County, PA). First responders had to risk their own lives to cut them free, through concrete intentionally embedded with shrapnel (we wouldn’t have been as understanding or gentle as the first responders). Just to show you how big a splash a few committed psychos protesters can make, one of the two fined for $400 (and ordered to perform 50 hours of community service) in Lycoming County last week was also one of the idiots protesters who endangered fans at the Indianapolis Colts/Carolina Panthers NFL game by rappelling down from an upper deck to unfurl a big sign opposing the Cove Point LNG plant (see Cove Point Protesters Disrupt Monday Night Football Game on TV). Same dude–a serial lawbreaker…
    Read More “Earth First Protesters Convicted, Fined for Blocking PA Drill Site”

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

    GreenHunter Res. 3Q15: Net Loss Decreases, Brief MHR Mention

    November 17, 2015November 17, 2015

    Yesterday GreenHunter Resources, the wastewater subsidiary of Magnum Hunter Resources (MHR), filed its third quarter 2015 financial and operational update. GreenHunter also held an earnings/analyst conference call to discuss the company’s performance in the last quarter and to look ahead at what’s coming. The company continues to lose money, but the money they’re losing is less now than it was a year ago–and the numbers are not all that big in the scheme of things. GreenHunter lost $1.3 million in 3Q15, compared to a $3.9 million loss in 3Q14. Things are getting better financially for the company. The two things we were most interested in were (1) any mention of the lawsuit they launched against two former vice presidents who allegedly conspired with a competitor against the company (see GreenHunter Sues 2 Former VPs + OH Competitor for Conspiracy); and (2) any word about GreenHunter’s parent company MHR and an impending declaration of bankruptcy (see Dire Straits: Magnum Hunter Tells SEC Heading for Bankruptcy). In scouring the press release (below) and transcript of the analyst call (portions below), we found only a single very brief reference to MHR’s problems, and nothing about the lawsuit…
    Read More “GreenHunter Res. 3Q15: Net Loss Decreases, Brief MHR Mention”

  • Energy Services | Equitrans/EQT Midstream | Industrywide Issues | Pennsylvania | Pipelines | Regulation | Statewide PA | Statewide VA | Statewide WV | Virginia | West Virginia

    Time to Support EQT Mountain Valley & Equitrans Pipelines @ FERC

    November 17, 2015November 17, 2015

    It’s time for you, pro-drilling supporters, to weigh in and make comments to the Federal Energy Regulatory Commission (FERC) on your support for two important pipeline projects: EQT’s Mountain Valley Pipeline and EQT’s Equitrans Expansion project. The Mountain Valley Pipeline project is a new $3.5 billion natural gas pipeline running 301 miles (down from 330 miles) from Wetzel County, WV to Pittsylvania County, VA, connecting to the existing Equitrans pipeline along the way (see Mountain Valley Pipeline Files FERC Appl, Now Just Matter of Time). Mountain Valley will flow 2 billion cubic feet per day (Bcf/d) of natgas and is projected to be built and in-service around the fourth quarter of 2018. The Equitrans Project will upgrade compressor stations, add approximately eight miles of pipeline connectors to upgrade capacity on the Equitrans Pipeline from southewestern PA into WV. The $100 million project, when completed, will expand capacity on the Equitrans pipeline by 600 million cubic feet per day (Mmcf/d). The Equitrans project is also due to be completed in 4Q18. Here’s the details for how you can show your support for these two important projects. But hurry, you only have until Nov. 26 to provide your comments/show support…
    Read More “Time to Support EQT Mountain Valley & Equitrans Pipelines @ FERC”

  • Energy Companies | Warren Resources

    After Almost a Year, Warren Resources Gets New CEO

    November 17, 2015December 15, 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, recently moved their headquarters from New York City to Denver, Colorado (see Warren Resources Says Bye-Bye to NYC Headquarters, Hello Denver). Warren’s Marcellus program is small–very small. They spent just $3.8 million in 3Q15 to complete two “upper” Marcellus wells (see Warren Res. 3Q15: $190M Paper Loss, Completes 2 Upper Marcellus Wells). However, they remain active in the Marcellus and may one day expand their activity here, so we keep tabs on them. The company is facing some serious challenges. Last December Warren’s CEO and Chairman of the Board, Philip Epstein, suddenly quit (see CEO of Warren Resources Quits, Replaced by Citrus Energy CEO). Since Epstein’s departure, Citrus Energy CEO Lance Peterson (a Warren board member) had taken the reigns as interim CEO. The search is now over and Warren has just announced the appointment of a new CEO…
    Read More “After Almost a Year, Warren Resources Gets New CEO”

  • Anti-Drilling/Fossil Fuel | Health Impacts | Industrywide Issues | Pennsylvania | Research | Statewide PA

    Another Devastating Critique of Fracking/Premature Birth “Study”

    November 17, 2015November 17, 2015

    In early October MDN brought you the story that a new so-called research study had been published claiming to show a connection between how close mommies live to a fracking site and an increase in premature births (see New Junk Science Claims PA Fracking Leads to Premature Births). We quickly debunked that study by showing the huge flaws in how it was “researched” (see EID’s Devastating Critique of PA Premature Birth “Study”). We have a further update. Dr. Gilbert Ross, senior director of medicine and public health at the American Council on Science and Health has weighed in with his own critique of the science behind the study. Dr. Ross says, “Realistically, there is no way hydraulic fracturing could have had an impact on pregnancy outcomes.” Here’s what else he says about this very flawed study…
    Read More “Another Devastating Critique of Fracking/Premature Birth “Study””

  • Industrywide Issues | Regulation | Research

    The Right Road to Clean Power: Free Market & NatGas

    November 17, 2015November 17, 2015

    Whenever government gets involved with choosing the form of energy you should use–they screw it up. The utopian Obama Admnistration believes the lie that government knows best–that they are the smartest people in the room and therefore should tell you that coal is evil, solar and wind are good, and they want to force you to change how you get your energy. One of their arguments is too much carbon in the atmosphere comes from burning coal–and natural gas. The Obama Administration is attending the U.N. Climate Change Conference in Paris hellbent on forcing Americans to give up national sovereignty in the name of mythical global warming. Thing is, the free market (capitalism) always produces a better result than the cockamamie theories of egg-headed liberals like Obama and his ilk. Carbon emissions in the United States, unlike other countries of the world, has gone DOWN, not up. And it’s gone down bigtime. America’s shrinking carbon footprint is thanks to a change to natural gas–not in so-called renewables. Want proof? We have it…
    Read More “The Right Road to Clean Power: Free Market & NatGas”

  • Industrywide Issues | Research

    Change Coming This Week in How EIA Reports NatGas Storage Data

    November 17, 2015November 17, 2015

    It may sound dry as unbuttered toast, but the issue of natural gas storage is a serious business. So serious that the U.S. Energy Information Administration (EIA) tracks natural gas storage each week (see Weekly Natural Gas Storage Report). Natural gas traders, buyers and sellers all watch the numbers closely. As we’ve told you over the years, natural gas is about as pure of a commodity as you can get. It is a classic supply and demand kind of business. The more supply you have (as indicated by how much gas is in storage), without corresponding demand–the lower the price goes. We are, as of right now, hitting record storage levels at this point in the year. That means the price of gas isn’t going higher any time soon. There is an important change coming in the way the EIA reports storage data. Beginning this Thursday, Nov. 19, the EIA will move from reporting storage data in three regions in the U.S. to reporting it in five regions…
    Read More “Change Coming This Week in How EIA Reports NatGas Storage Data”

  • Best of the Rest

    Marcellus & Utica Shale Story Links: Tue, Nov 17, 2015

    November 17, 2015November 17, 2015

    The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading. In today’s lineup: Is Magnum Hunter resource play model still valid; Greenlight Capital’s “best idea” is CONSOL Energy investment; OH Supreme Court hears Dorman Minerals case today; OH lawsuits seek class action against Chesapeake; gas distributors oppose TGP 300 looping project; PGW explores LNG business; antis fight pipeline in Danbury, CT; shale puts a ceiling on oil prices; and more!
    Read More “Marcellus & Utica Shale Story Links: Tue, Nov 17, 2015”

  • Energy Services | Ethane | Industrywide Issues | Odebrecht | Processing Plants | West Virginia | Wood County

    Odebrecht’s WV Ethane Cracker Plant May Not be Dead After All

    November 16, 2015November 16, 2015

    stoppress.jpgWait a minute! We thought the proposed Odebrecht ethane cracker plant near Parkersburg in Wood County, WV was all but dead. Lifeless. In April the company said it was “re-evaluating plans” to build it (see Odebrecht Pushes the Pause Button on WV Ethane Cracker). In June, Odebrecht’s Brazilian CEO was arrested, casting further doubt on the project (see Odebrecht CEO Arrested; What Does it Mean for WV Cracker Plant?). Since that time we’ve seen a bit of cheerleading and some empty platitudes from WV Gov. Earl Ray Tomblin who hasn’t given up on the project (see WV Gov Tomblin Continues to Cheerlead for Wood Co. Cracker Plant). But we didn’t detect a pulse. Both the Shell cracker (in PA) and PTT Global cracker (in OH) have had robust developments that indicate those plants are making serious progress. But nothing for the Odebrecht project all year long–that is, until now…
    Read More “Odebrecht’s WV Ethane Cracker Plant May Not be Dead After All”

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