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Marcellus Drilling News
  • Industrywide Issues | Michigan | Ohio | Pipelines | Statewide MI | Statewide OH

    OH/MI Forms New Group to Support Rover & NEXUS Pipelines

    October 28, 2015October 28, 2015

    build the pipelineMay we paint with broad brush-strokes for a moment? It’s been our observation over the years that anti-drillers (and anti-pipeliners, and anti-fossil fuelers) are typically liberal Democrats who have bought into the notion that (a) mankind is catastrophically heating up ole Mother Earth, and (b) they (the lib Dems) are uniquely qualified to run your life for you by choosing your energy sources. They love to tell you how to live your life–i.e. deny you freedom to live your life they way you want to, including selecting your own energy sources. It’s also been our observation that many (not all, but many) of the most vocal antis are hippie retreads who haven’t been this jazzed about a “cause” since the end of the Vietnam war. Yes that’s a very broad generalization and not true in all circumstances–but it’s more true than not. On the other side of the isle, when we’ve attended meetings about fracking and pipelines and FERC scoping hearings–we’ve noticed landowners and small business owners and pro-drillers are the “gray heads with hats” and blue jeans in the crowd. Typically quiet. Perhaps a bit uncomfortable that they’re in the same room with a largely lawless bunch of mouthy antis. The antis tend to form all sorts of groups with innocuous sounding names (Riverkeeper, Mountainkeeper, Trout, Clean Air, Community Rights, etc.). Pro-drillers and landowners? They don’t form groups so much. They don’t protest so much. They’re too busy working their fingers to the bone–paying for the welfare state anti-drillers avail themselves of! So when a group of pro-energy people DO form a group–that’s news. Such a group has formed in Ohio and Michigan in order to support two much-needed pipeline projects–Energy Transfer’s Rover Pipeline and Spectra Energy’s NEXUS Pipeline…
    Read More “OH/MI Forms New Group to Support Rover & NEXUS Pipelines”

  • Anti-Drilling/Fossil Fuel | Industrywide Issues | Mahoning County | Ohio

    Youngstown Halloween Scare: the CELDF Ballot Initiative

    October 28, 2015October 28, 2015

    HalloweenHere’s something that should scare the #$%@ out of you this Halloween: the Community Environmental Legal Defense Fund (CELDF). The CELDF, based in Pennsylvania, is attempting to interfere in other states like Ohio by fleecing local governments into believing they can pass so-called community bill of rights legislation (i.e. “home rule” laws). Problem is, the local communities who have tried it keep getting sued, and losing in court–and taxpayers end up paying tens of thousands of dollars in legal fees in an empty gesture to make a statement opposing shale energy. Our friends at Energy in Depth have put together a video for this Halloween that exposes the CELDF and should scare you to death, especially if you live in Youngstown, OH where a CELDF ballot initiative will be on the ballot this November (next week), for the FIFTH TIME…
    Read More “Youngstown Halloween Scare: the CELDF Ballot Initiative”

  • Best of the Rest

    Marcellus & Utica Shale Story Links: Wed, Oct 28, 2015

    October 28, 2015October 28, 2015

    best of the restThe “best of the rest” – stories that caught MDN’s eye that you may be interested in reading. In today’s lineup: shale projects pump up Columbiana County; PA drillers “adjust” to life with Gov Wolf; clever way to hide compressor plants; PA town opposes PennEast Pipeline; natgas price drops to $2/Mcf; Kinder Morgan & the story of Icarus; crowd-funding oil & gas development; shale companies beating big oil companies; “mourning” low oil prices; and more!
    Read More “Marcellus & Utica Shale Story Links: Wed, Oct 28, 2015”

  • Anti-Drilling/Fossil Fuel | Energy Services | Industrywide Issues | PennEast Pipeline | Pennsylvania | Regulation | Statewide PA

    Delaware Riverkeeper Scams FERC in Review of PennEast Pipeline

    October 27, 2015October 27, 2015

    scam alertTHE Delaware Riverkeeper is running a scam on the Federal Energy Regulatory Commission (FERC). By all accounts it is a legal scam–but a scam nonetheless. FERC has a process known as a motion to intervene. Individuals, towns and organizations with a vested, legitimate interest can file to “intervene” in a project application–like the PennEast Pipeline. PennEast recently filed their application, so those people who may be affected can file to intervene–offer comments to FERC and remain updated by FERC–to ensure FERC hears and addresses the information and concerns of people with a vested, legitimate interest. Typically an intervenor might be a township where the pipeline is planned to run, or perhaps a farmer with a concern that a pipeline will destroy a good hay field. If you just want to mouth off about fossil fuels and fracking and evil pipelines–send a comment to FERC. They get mountains of them for every project. Here’s the scam: Riverkeeper recently ran “intervenor training” in an attempt to get as many people as possible to sign up as intervenors, including children, thereby overloading FERC’s ability to keep track of it all and respond to it all–slowing down the approval process for PennEast. As a fringe benefit, the more intervenors who register, the more the media makes a big deal out of it. It’s all a scam. It’s a setup. And we expose it below…
    Read More “Delaware Riverkeeper Scams FERC in Review of PennEast Pipeline”

  • Hydraulic Fracturing | Industrywide Issues | Research

    British Think Tank Study Refutes Shale Fugitive Methane Claims

    October 27, 2015October 27, 2015

    researchThe Centre for Policy Studies, a British think tank similar to our own Heritage Foundation (conservative), has just published a new study that says so-called fugitive methane coming from shale gas production is “seriously over-estimated.” You may recall the falling-down-laughing claim by Cornell professors Robert Howarth and Tony Ingraffea who claimed burning coal is better for the environment than burning natural gas, largely because of the fugitive methane issue (see New Cornell University Study Says Shale Gas Extraction Worse for Global Warming Than Coal). Howarth and Ingraffea’s claim was roundly rejected by research study after research study, but the meme was established because Howarth and Ingraffea are funded, in part, by the anti-drilling Park Foundation, and Park (with deep pockets) pressures media outlets to repeat this drivel. The Centre for Policy Studies has added yet another masterful study that kicks the legs out from under Howarth/Ingraffea’s claims about fugitive methane leaking out all over the place. It isn’t…
    Read More “British Think Tank Study Refutes Shale Fugitive Methane Claims”

  • Economic Impact | Industrywide Issues | Jobs

    API Says Completions Down 44% Y/Y, What About Marcellus/Utica?

    October 27, 2015October 27, 2015

    bad timesYes, we know “it’s bad out there” in the oil and gas industry. We know that rig counts went over a proverbial cliff starting in January of 2015 (see the graph below from Baker Hughes). Along with dropping rig counts comes a corresponding drop in the number of wells drilled and completed. According to research conducted by the American Petroleum Institute, U.S. oil and natural gas well completions decreased 44% in the third quarter of 2015 compared to year-ago levels. We wondered if those numbers held true for the Marcellus/Utica too. Here’s what we found…
    Read More “API Says Completions Down 44% Y/Y, What About Marcellus/Utica?”

  • Industrywide Issues | NGLs | Pipelines

    Which Marcellus/Utica NGL Pipeline is Most Likely to Succeed?

    October 27, 2015October 27, 2015

    most likely to succeedAs we’ve previously mentioned, the most recent issue of the 2015 Marcellus and Utica Shale Databook (Vol. 2), published last week, contains a list of 101 infrastructure/pipeline projects which, if all built, would result in a mind-blowing $83 billion worth of investments. Global research firm Wood Mackenzie, whose research we’ve previously highlighted (see Wood Mackenzie: “Raft” of Planned LNG Projects Won’t Get Built), recently took a close look at three of the projects in our list. The three are pipeline projects for NGLs–natural gas liquids. The analysts at WM believe one of the three stands the best chance of getting built. What are the three projects, and which one does WM vote as mostly likely to succeed?…
    Read More “Which Marcellus/Utica NGL Pipeline is Most Likely to Succeed?”

  • CONSOL Energy | Energy Companies

    CONSOL 3Q15: Natgas Production Up 33%, Natgas Revenue Down $56M

    October 27, 2015October 27, 2015

    unusual itemsCONSOL Energy released their third quarter 2015 financial and operating results today. Among the highlights: After adjusting for “certain unusual items,” CONSOL “only” lost $64 million in 3Q15. Natural gas production was up 33% over the same period last year. But because the price of natural gas has been hammered so hard, CONSOL’s natgas revenue for the quarter was down $56 million over the same period last year. Below are select sections of update, including information about CONSOL’s first dry Utica well in Westmoreland County, PA…
    Read More “CONSOL 3Q15: Natgas Production Up 33%, Natgas Revenue Down $56M”

  • Hydraulic Fracturing | Industrywide Issues | Pipelines | Regulation

    EPA Requires New Greenhouse Gas Reports from Frackers/Midstreamers

    October 27, 2015October 27, 2015

    freedom diesOnce more the Obama Environmental Protection Agency (EPA) violates the U.S. Constitution by creating an unlegislated law and declaring it in effect for the oil and gas industry–thereby regulating oil and gas, even though according to the U.S. Constitution the individual states are the ones with power to regulate the oil and gas industry. And barely a peep. Everyone just lays down and takes it. No push-back. What a shame. Last week the EPA published a final rule in the Federal Register amending reporting on mythical greenhouse gases that will now be required by oil and gas drillers–particularly those who use horizontal hydraulic fracturing (i.e. fracking). Not to be left out–if you build and maintain pipelines to gather natural gas and oil, you’re affected by the new rules too. Another massive federal power grab which goes into effect on January 1st. One more freedom dies under Barack Hussein Obama…
    Read More “EPA Requires New Greenhouse Gas Reports from Frackers/Midstreamers”

  • Energy Companies | Penn Virginia Corporation

    Penn Virginia’s CEO “Retires” – Before 3Q Earnings Report is Released

    October 27, 2015October 27, 2015

    not a good signAlthough headquartered in Radnor, Pennsylvania (near Philadelphia), Penn Virginia Corporation is an oil and gas driller with only a small presence in the Marcellus Shale: 21,700 net acres with no drilled wells. They concentrate on oil drilling the Texas Eagle Ford Shale play. MDN told you in March that Penn Virginia’s top stockholder, the vile corporate raider George Soros, forced them to put themselves up for sale so George can line his pockets with more cash (see George Soros Finally Bullies Penn Virginia into Selling Itself). Several companies expressed interest, including a serious offer from BP (see BP Makes Offer to Buy Penn Virginia, Other Majors Interested Too). So far the company has resisted selling itself, contrary to the wishes of Lord Soros. However, some sort of news is on the way. Penn Virginia reports Baird Whitehead, President and CEO of the company, has suddenly retired–before they release their third quarter 2015 results. Not a good sign according to one analyst…
    Read More “Penn Virginia’s CEO “Retires” – Before 3Q Earnings Report is Released”

  • Electrical Generation | Industrywide Issues | Pennsylvania | Potter County

    Coal-Fired Electric Plant in PA Closes Instead of Using Natgas

    October 27, 2015October 27, 2015

    missed opportunityMore electricity is disappearing from the electrical grid thanks for Barack H. Obama’s war on coal. AES had considered converting a coal-powered electric plant is operates in Potter County, PA into burning natural gas–indeed had applied for and received permits to do it–but instead they reversed course and have now shuttered the plant they operate in Potter known as the Bear Valley plant…
    Read More “Coal-Fired Electric Plant in PA Closes Instead of Using Natgas”

  • Best of the Rest

    Marcellus & Utica Shale Story Links: Tue, Oct 27, 2015

    October 27, 2015October 27, 2015

    best of the restThe “best of the rest” – stories that caught MDN’s eye that you may be interested in reading. In today’s lineup: mulling over Cabot’s 3Q15 performance; Pittsburgh home of gas app; FERC advances CT pipeline project; natgas plunges to 3-year low; will gas go even lower?; dismal prospects for LNG exports; “massive” crude oil supplies; lifting the crude oil ban; chemists shrink natgas; and more!
    Read More “Marcellus & Utica Shale Story Links: Tue, Oct 27, 2015”

  • Chesapeake Energy | Columbiana County | Energy Companies | Ohio

    Chesapeake Re-Signs Expiring Utica Leases in Columbiana County OH

    October 26, 2015October 26, 2015

    lease agreementAlthough Chesapeake Energy under Doug “the ax” Lawler has sold off everything but the kitchen sink (see Potential Buyer for Chesapeake’s Dry Gas Utica Acreage?), and fired everyone but the janitor (see The Great Chesapeake Massacre II: Lawler Fires Another 740 People), in a turnaround, Chesapeake has decided to re-sign leases with at least some landowners in the Utica Shale in Columbiana County, OH where leases are expiring this year. Go figure! So far this year Chessy has re-signed 63 leases in Columbiana County…
    Read More “Chesapeake Re-Signs Expiring Utica Leases in Columbiana County OH”

  • American Energy Partners | Energy Companies

    Bloom Off the Rose? McClendon $eeks Help from Investment Banks

    October 26, 2015October 26, 2015

    bloom is off the roseWe always thought Aubrey McClendon could sell snow to Eskimos–as the now-politically incorrect but old saying goes. Aubrey can charm money out of your grandmother. At last check more than a year ago he’d raised $8.7 billion of OPM–other people’s money–for use in his aggressive drilling ventures (see Aubrey McClendon Raises Huge $8.7B for Shale Drilling…So Far). We’re pretty sure that number exceeded $10B at some point over the past year. But then this year we began to hear whispers that Aubrey wasn’t paying his bills (see Problematic: McClendon’s AEP Not Paying Some of its Bills). And then Bloomberg published a hit-piece saying Aubrey had sold his investors a bill of goods (see Has Aubrey McClendon Finally Hung Himself with High Debt?). Indeed it appears the bloom is off the money-raising rose for Aubrey. According to inside sources, Aubrey has hired investment banks (plural) to help him find more money to keep going…
    Read More “Bloom Off the Rose? McClendon $eeks Help from Investment Banks”

  • Industrywide Issues | Ohio | Statewide OH | Taxation

    OH Informal Working Group Report: No High Severance Tax for Now

    October 26, 2015October 26, 2015

    no taxMDN told you back in April that OH Gov. John Kasich’s insistence that the state budget include a higher severance tax would not happen as part of the 2015 budget (see Celebrate! Ohio Severance Tax Increase Dead in 2015). We also told you about an informal “working group” of OH Senate and House members, called 2020 Tax Policy Study Commission, who are studying the possibility of a new severance tax sooner rather than later (see Ohio Legislators Continue Dalliance with Kasich Severance Tax). That informal group released their formal report last Thursday (full copy below). The members of the group recommend NO TAX AT THIS TIME and further study of the severance tax issue. Specifically, they said with the industry stressed the way it currently is now, you risk killing it if you slap on a high tax. Finally! Some common sense from Republicans in OH. Of course that didn’t sit well with liberal Republican Gov. Kasich who wants to transfer the wealth from one particular group of companies to a different group who haven’t earned it. Kasich sounds more like the commie-lib Bernie Sanders than he does a Reagan Republican, which is what he was elected as back in the day when he joined Congress during the Reagan revolution (we were there, we remember)…
    Read More “OH Informal Working Group Report: No High Severance Tax for Now”

  • Energy Companies | EQT Corp | Industrywide Issues | Pipelines | Regulation | Statewide VA | Virginia | West Virginia | Wetzel County

    Mountain Valley Pipeline Files FERC Appl, Now Just Matter of Time

    October 26, 2015October 26, 2015
    Mountain Valley Pipeline proposed route
    Click on map for larger version

    It’s finally official. Although the length of the pipeline changed from 330 miles to 301 miles, and although the number of project partners expanded from the original EQT and NextEra Energy to include WGL Holdings, Vega Energy Partners, and RGC Resources, and although over 100 landowners blocked survey access (later taken to court to force access)–the $3.5 billion Mountain Valley Pipeline (MVP) stretching from Wetzel County, WV to the Transco Pipeline in Pittsylvania County, VA filed an official application with the Federal Energy Regulatory Commission last Friday. Now it’s just a matter of time. Yes it will take a few years to get it approved and built, but the most important step has been accomplished…
    Read More “Mountain Valley Pipeline Files FERC Appl, Now Just Matter of Time”

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