Antero Sells Marcellus/Utica Water Business to Itself for $1.05B
Antero Resources announced today it will sell its integrated water delivery business in the Marcellus/Utica to itself for $1.05 billion. That is, Antero Resources (the drilling company) is selling the water business to Antero Midstream (subsidiary pipeline company) in what is called a “drop down” transaction–for more than a billion dollars. All lighthearted joking aside about Antero selling something to itself, this is a big and complex deal. In the announcement below we get a number of details for both Antero the driller and Antero the pipeline company, including how much Antero the driller will pay for the water from Antero the pipeline company ($3.69/barrel in WV, and $3.64/barrel in OH)…
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Below are articles written by others who attended this year’s Shale Insight event in Philadelphia. MDN editor Jim Willis sat in on some of the general sessions and took notes. He’ll share his own notes and insights on Shale Insight next week. In the meantime, here’s what mainstream media said about the sessions happening on Day Two…
Good news for the citizens of Ohio. The U.S. Environmental Protection Agency (EPA) recently released a report on Ohio’s Class II Underground Injection Control (UIC) program–that is, wastewater injection wells–and found that the Ohio Department of Natural Resources’ (ODNR) regulatory program is of “good quality” and continues to provide strong protections for Ohio’s underground sources of drinking water (USDW). The federal EPA just gave Ohio a big, fat, sloppy kiss right on the mouth along with a big two thumbs up that the state is doing it right when it comes to wastewater injection wells…
The Pennsylvania Independent Oil & Gas Association (PIOGA) has been at the forefront in opposing an industry-killing severance tax proposed by new governor Tom Wolf (see 
Fresh back from Shale Insight in Philadelphia, MDN editor Jim Willis is always pumped after hearing about the technology and safeguards and careful treatment the shale energy industry uses in extracting shale gas. These people are true professionals who care about the work they do–and they want to do it right. They care about the environment. They want to protect the land and our natural resources. They live in the communities where fracking is done. On the other hand, the people who profess to care about such things, anti-drillers, repeatedly prove themselves to be a) mind-numbed robots who believe whatever their movement leaders tell them, b) stark raving mad. Example: A group of extremists who happen to be “religious” have penned a letter to Pennsylvania Gov. Tom Wolf asking him to stop all fracking in the state because they fervently believe (wrongly) that fracking contributes to the mythological existence of man-made global warming. Mainstream media picks this garbage up and repeat it, like it’s a real news story…
Let’s be honest, shall we? The Catholic Church has a Marxist as its leader in Pope Francis–which is a truly sad thing for a great and significant denomination. Pope Francis, nee Jorge Mario Bergoglio, is from Argentina and he supports Marxism, as many do in South America. Pope Francis hates capitalism and appears to be more interested in advancing socialist political policies here on earth than he does in serving Jesus Christ and saving souls. The current situation with Pope Francis distresses many Catholics we personally know. The Pope has thrown in his lot with climate change liars–those who say mankind is causing the earth to warm up–because the so-called climate change movement is the new home of anti-capitalists (i.e. Marxists, i.e. Communists). Scientific fact: global average temperatures haven’t risen now for 18 years. Yesterday, The Heartland Institute participated in a Constitution Day event in Philadelphia to call attention to the Pope’s coming visit to Philly (a visit made possible via fossil fuels) and the Pope’s error-filled teachings against fossil fuels and capitalism…
A single professor from Duke University who lives by the motto “publish or perish” is out with yet another “study” published in a so-called peer reviewed journal. From time to time Avner Vengosh, professor of geochemistry and water quality at Duke University’s Nicholas School of the Environment, pops up to smear the Marcellus Shale. He was in league with the Izaak Walton League to attempt to tie Marcellus drilling to water contamination in Ten Mile Creek (see 
MDN is proud to be supporting this year’s Pennsylvania Independent Oil & Gas Association (PIOGA) Eastern Oil & Gas Conference and Trade Show, which will take place Oct 27-28 at the Monroeville Convention Center just outside Pittsburgh. The event features a conference, trade show and networking events–a “must attend” event for those involved with oil and gas drilling in the PA (and associated industries). Below is the just-announced line-up for conference presentations. Oh! And be sure you don’t miss the Halloween-themed mixer Tuesday evening!…
Following on our rumor from yesterday that Chesapeake Energy is looking to sell their dry gas Utica acreage (see 
On June 28, 2014 a fire at Statoil’s Eisenbarth eight-well pad in Monroe County, OH quickly spread and engulfed some 20 trucks on the pad site, along with other equipment, chemicals and supplies stored at the site. It was a devastating fire (see 
We previously told you about anti-fossil fuel groups in three Ohio counties–Athens, Fulton and Medina–who are being used by Big Green groups to attempt an illegal “community bill of rights” routine after the Ohio Supreme Court had already found local communities can’t ban fracking. They tried again and Ohio’s Secretary of State John Husted tossed the ballot measures (see 
In March MDN told you the sad story that Canadian waterless fracking company GASFRAC had been sold to an unnamed third party after going bankrupt (see 
On Tuesday the Pennsylvania Dept. of Environmental Protection held it’s first “listening session” to consider which creative ways they will cut the economic throat of the state by attempting to comply with nonsensical carbon standards set by our Dear Leader, Barack H. Obama, via his so-called Clean Power Plan (see