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Marcellus Drilling News
  • Anti-Drilling/Fossil Fuel | Energy Services | Industrywide Issues | Kinder Morgan | Pipelines | Tennessee Gas Pipeline

    Antis Trot Out 60s Hippie Icon for NH Stop the Pipeline Concert

    August 25, 2015August 25, 2015

    Tom RushWe have to chuckle. Anti-drillers are so predictable. As we’ve said going back as far as an event we attended in Binghamton when the former mayor of DISH, Texas, Calvin Tilman (in 2010), we observed that many in the audience are 60s hippies with a new cause in life–to oppose drilling/pipelines/fossil fuels in general (see DISH, Texas Mayor Calvin Tillman Visits Binghamton – Marcellus Drilling News was There). That impression–seeing old men with graying long hair in pony tails (bald on top)–has been repeatedly reinforced at other events we’ve attended over the years where antis organized or attended. Yes that’s probably painting with too broad a brush–but it’s funny, because there’s a lot of truth to it. Witness the latest: Anti-fossil fuelers in New England have are dragging out a 60s hippie, singer/songwriter Tom Rush, to headline an anti-natural gas pipeline concert in New Hampshire…
    Read More “Antis Trot Out 60s Hippie Icon for NH Stop the Pipeline Concert”

  • Best of the Rest

    Marcellus & Utica Shale Story Links: Tue, Aug 25, 2015

    August 25, 2015August 25, 2015

    The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading:
    Read More “Marcellus & Utica Shale Story Links: Tue, Aug 25, 2015”

  • Industrywide Issues | Pennsylvania | Research | Statewide PA | Taxation

    Flawed Analysis by (Gasp) the EIA on Severance Taxes

    August 24, 2015August 24, 2015

    flawed logicOur favorite government agency, the U.S. Energy Information Administration (EIA), published an article on Friday that appears to “take sides” in the Pennsylvania debate over whether or not to institute a severance tax. Which is a disappointment. Until now the EIA has stayed above the fray in such issues. The EIA article from Friday offers a grossly misleading side-by-side comparison of where states get their primary source of revenue to feed their voracious appetites to transfer wealth from those who earn it to those who don’t–and how much is contributed by oil & gas severance taxes. The EIA compares tax revenues from five major fossil fuel generating states–Alaska, North Dakota, Wyoming, Texas and Pennsylvania. The graphic they use is powerful (and misleading) and appears to support calls to increase a severance tax in Pennsylvania. We disagree–strongly–with that position. Here is the EIA post from Friday, followed by MDN’s explanation of how it is grossly flawed…
    Read More “Flawed Analysis by (Gasp) the EIA on Severance Taxes”

  • Industrywide Issues | Pennsylvania | Statewide PA | Taxation

    Philly Republicans Expose Wolf Severance Tax as a Shell Game

    August 24, 2015August 24, 2015

    shell gameTwo Republican members of the Pennsylvania House of Representatives have penned a column that points out the math for PA Gov. Tom Wolf’s so-called severance tax on the Marcellus Shale industry a) doesn’t add up, and b) doesn’t actually end up funding education. What makes the column noteworthy is that the two Republicans are not the conservative leaders of the PA House, but instead are from the Philadelphia area. Every Republican we’ve seen from the Philly area are moderate at best–usually RINOs (Republican in Name Only)–and certainly not anywhere near conservative. Yet these two, Rep. Tom Quigley from the 146th district in Montgomery County, and Rep. Warren Kampf from the 157th district in parts of Montgomery and Chester counties, ever-so-eloquently skewer Wolf and his inane high tax plan. Remarkable, coming from two Philly-area Republicans…
    Read More “Philly Republicans Expose Wolf Severance Tax as a Shell Game”

  • Ascent Resources | Energy Companies

    Moody’s Downgrades Ascent Resources Credit Profile to Basement

    August 24, 2015August 24, 2015

    chart going downAlthough MDN caught and reported on the Bloomberg article questioning Aubrey McClendon’s high roller ways (see Has Aubrey McClendon Finally Hung Himself with High Debt?), we somehow missed the Moody’s announcement downgrading McClendon’s prodigal Ascent Resources, née American Energy Appalachia Holdings. The Moody’s downgrade of Ascent reads almost the same as the downgrade of EXCO Resources that we previously reported (see Moody’s Downgrades EXCO Resources Credit Profile to the Basement). In fact, Ascent’s rating is a step lower than EXCO’s–that’s how poor the outlook is for Ascent…
    Read More “Moody’s Downgrades Ascent Resources Credit Profile to Basement”

  • Blue Ridge Mtn Res/Magnum Hunter | Energy Companies | EQT Corp | Industrywide Issues | Kentucky | Lease & Royalty Payments | Litigation

    Kentucky Supreme Court Rules Against Landowners in Royalty Dispute

    August 24, 2015August 24, 2015

    court gavelThe Supreme Court of Kentucky has just ruled, in a pair of cases, that producers (i.e. drillers) CAN deduct post-production costs before calculating royalties to landowners. Once case involves landowners suing Magnum Hunter, the other involves landowners suing EQT, claiming (much like what has happened in Pennsylvania) that post-production costs mean they are getting less than one-eighth or 12.5% of the fair value of the gas as a royalty payment. The Supreme Court of Kentucky ruled the language in the leases is unambiguous as is the law–and that the lease allows for post-production expenses to be deducted. Here’s a summary from the legal beagles at Vorys…
    Read More “Kentucky Supreme Court Rules Against Landowners in Royalty Dispute”

  • Energy Companies | Energy Services | EQT Corp | FTS International | Greene County (PA) | Hydraulic Fracturing | Industrywide Issues | Pennsylvania

    Private Company Fracked EQT’s Monster Utica Well, Working on More

    August 24, 2015August 24, 2015

    As MDN recently reported, EQT is the reigning champ for biggest initial producing Utica Shale well–ever. Their ginormous Scotts Run 591340 dry Utica well in Greene County, PA produced an initial production (IP) of 72.9 million cubic feet of natural gas per day (see EQT’s 1st Utica Well Shatters Record – 72.9 MMcf/d IP Rate!). We also brought you some of the details and data from that well, a well so important that it changed the future course of drilling for EQT (see EQT Releases Data on Biggest Utica Well Ever; Dumping UD Drilling). We’re now happy to bring you the name and a bit of the back story for the privately-held company that fracked the Scotts Run well…
    Read More “Private Company Fracked EQT’s Monster Utica Well, Working on More”

  • Anti-Drilling/Fossil Fuel | Energy Services | Industrywide Issues | Litigation | Minuteman Environmental Services | Pennsylvania | Statewide PA

    PA AG Kathleen Kane’s Dirty Deeds Against Minuteman Environmental

    August 24, 2015August 24, 2015

    guest postPennsylvania’s Attorney General, Kathleen Kane, will appear in court today to answer charges that she is, herself, a criminal. She will appear in Montgomery County court to face nine criminal charges, including perjury (i.e. lying under oath). As we have reported, Kane is attempting to divert attention away from her own criminal actions by resurrecting an old porn case, claiming angry white men are out to get her (see AG Kathleen Kane’s Defense: Dirty Old Men are Out to Get Me!). Kane has lost the confidence of everyone, including PA Gov. Tom Wolf–the most liberal governor in America, who is calling on her to resign. Kane lost our confidence from her first day in office in 2012 when she started out by targeting the drilling industry (see Will New PA AG Go After the Marcellus Drilling Industry?). One of the many companies in the Marcellus industry targeted by Kane for extinction over the past three years was Minuteman Environmental Services, a PA company that serves the shale industry with several different businesses (see PA’s Anti-Drilling AG Charges Minuteman with Enviro Crimes). Kane orchestrated what can only be called a terror attack on Minuteman and its owner Brian Bolus and his family (see Minuteman Enviro Says PA AG Office “Terrorized” Family Members, Filing Lawsuit). Amazingly, Minuteman is still in operation–even though Kane and M&T Bank, working with Kane, froze Minuteman’s assets and tried to bankrupt them. An employee of Minuteman has written a guest editorial for MDN to point out that although Kane is going to court for reasons unrelated to the travesty she’s inflicted on Minuteman, folks should not forget the damage she’s done to the industry, in particular the damage she’s done to Minuteman and its workers…
    Read More “PA AG Kathleen Kane’s Dirty Deeds Against Minuteman Environmental”

  • Anti-Drilling/Fossil Fuel | Industrywide Issues | Regulation

    Coal Magnate Says Obama Waging War on All Fossil Fuels

    August 24, 2015August 24, 2015

    Obamas War On Fossil FuelsWhile MDN has long commented that while natural gas burns cleaner than coal and oil, we are by no means against other forms of fossil fuels. We have not fallen pray to the temptation to “pile on” coal and oil as inferior forms of energy in a vain attempt to prop up natural gas. Why? Because we know how liberals like Obama and the Democrats think. Once they are through destroying coal, they’ll come for natural gas and attempt to destroy it as well. That is now happening. As Robert Murray, chairman and CEO of Murray Energy Corp (big coal company) says, all forms of fossil fuels are under attack by the Obama administration. Murray also points out those who support natural gas and have supported Obama’s rhetoric against coal should not be surprised they have been betrayed by Obama and now are, themselves, a target for elimination. As Murray rightly says, affordable, reliable electricity in America is being destroyed by Big Green groups like the odious Sierra Clubbers…
    Read More “Coal Magnate Says Obama Waging War on All Fossil Fuels”

  • Electrical Generation | Industrywide Issues

    OH Electric Generator Cuts Residential Sales in Favor of Shale

    August 24, 2015August 24, 2015

    President Obama’s war on coal, and indeed all fossil fuels, is affecting electric utility companies. But not all electric generating companies are suffering–at least suffering from loss of profits. One such company, American Electric Power (AEP) from Ohio, made more profit in the second quarter of 2015 than it did in 2Q14–$40 million more. And they did it while shutting down enough coal-fired electric plants to serve 5.5 million homes across the Marcellus/Utica region. Who cares if there’re rolling blackouts because Obama’s war on coal is causing electric plants serving residential homes to shut down, right? How does AEP actually make *more* money when up to 5.5 million potential customers are now not being served with electricity? By swapping out electricity sold to residential customers with selling to a different kind of customer: the natural gas industry itself. AEP has added a number of new customers in the oil/natural gas industry, like compressor stations…
    Read More “OH Electric Generator Cuts Residential Sales in Favor of Shale”

  • Energy Companies | Energy Services | FTS International | Range Resources Corp

    Range Partners with FTSI to Use Shale Gas to Power Fracking Ops

    August 24, 2015August 24, 2015

    This news is a few weeks old, but interesting and important nonetheless. FTS International reports they have partnered with Range Resources to use shale gas produced by some of Range’s Marcellus Shale wells to power an entire pressure pumping fleet used to frack more Marcellus wells. So far FTS has fracked 15 wells for Range using pumpers run mostly on local shale gas (with a little bit of diesel mixed in)…
    Read More “Range Partners with FTSI to Use Shale Gas to Power Fracking Ops”

  • About MDN | Calendar

    Calendar of Events for Aug 24 – Nov 23 (90 Days)

    August 24, 2015August 24, 2015

    Below are upcoming events for the next three months (90 days). To see the full list of future events, visit this page: //marcellusdrilling.com/calendar/.

    NOTE: To have an item included, please email it to: calendar@marcellusdrilling.com.
    Read More “Calendar of Events for Aug 24 – Nov 23 (90 Days)”

  • Best of the Rest

    Marcellus & Utica Shale Story Links: Mon, Aug 24, 2015

    August 24, 2015August 24, 2015

    The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading:
    Read More “Marcellus & Utica Shale Story Links: Mon, Aug 24, 2015”

  • American Energy Partners | Energy Companies

    Aubrey McClendon Leases 21.5 MILLION Acres…in Australia?!

    August 21, 2015August 21, 2015

    g'day mateIt’s not often that MDN writes about natural gas drilling in Australia. This time there’s a tie-in with the Utica/Marcellus. Aubrey McClendon, former CEO of Chesapeake Energy ejected from the company he-cofounded by an evil corporate raider (Carl Icahn); Aubrey McClendon, founder of American Energy Partners and subsidiary American Energy Appalachia Holdings that has since fled and become its own company called Ascent Resources; Aubrey McClendon, who could charm a billion dollars from Satan himself and leave old Lucifer smiling at being shafted; that Aubrey McClendon has just signed a deal with an Australian company to secure the rights to drill on 21.5 MILLION acres Down Under (in Australia). This is Aubrey’s first foray outside of the United States–and boy what a splash he’s making! Never mind McClendon’s Ascent Resources is saddled with so much debt it can’t repay that Moody’s Investors Service has downgraded the company to its lowest rating level, meaning “Substantial risks – In default” (see Has Aubrey McClendon Finally Hung Himself with High Debt?). Apparently McClendon’s recent track record here at home doesn’t bother the Aussies. They’ve just leased to a bona fide celebrity!…
    Read More “Aubrey McClendon Leases 21.5 MILLION Acres…in Australia?!”

  • Beaver County | Energy Companies | Ethane | Industrywide Issues | Pennsylvania | Processing Plants | Shell

    Human Skulls & Bones Found at Shell PA Ethane Cracker Site

    August 21, 2015August 21, 2015

    Yes, despite oil prices in the basement and despite Shell’s announcement they are laying off 6,500 people worldwide and reducing spending by $7 billion *this year* (see Shell Lays Off 6,500 Worldwide – But Where?), despite all of that, Shell continues to work to prepare the future site of an ethane cracker plant in Monaca (Beaver County), PA. How do we know? In their digging at the site, workers for Shell have unearthed human skulls and other bones, likely from an old family cemetery that somebody long forgot about…
    Read More “Human Skulls & Bones Found at Shell PA Ethane Cracker Site”

  • Anti-Drilling/Fossil Fuel | Crude Oil | Industrywide Issues | Pennsylvania | Statewide PA

    PBS/Riverkeeper Pressure Philly re Oil Trains During Papal Visit

    August 21, 2015August 21, 2015

    Anti-fossil fuelers, including anti-fossil fuel reporters, will go to any lengths to try and impugn fossil fuels and implant the concept in the public consciousness that hauling crude oil on a train is the equivalent of an atom bomb rumbling down the tracks–just waiting to go off. The creative “reporters” in Philadelphia, including PBS StateImpact reporters, yesterday did their best to take another swipe at Bakken crude oil trains that pass through Philadelphia on their way to a Philly refinery. Here’s their latest attempt at smearing fossil fuels: There is an upcoming visit from Pope Francis to Philadelphia in late September. A huge “festival of families” will be held on Saturday night in Philly with hundreds of thousands of people, and on Sunday, the Pope will hold a public mass expected to attract more than a million people. So the “reporters” want to know–will the oil trains stop running while the Pope is in town because, you know, if an Arab terrorist blows one up (wink wink nod nod, pay attention you terrorist nutjobs) it would forever stain Philly’s reputation, and oh, it might kill some people too…
    Read More “PBS/Riverkeeper Pressure Philly re Oil Trains During Papal Visit”

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