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Marcellus Drilling News
  • Anti-Drilling/Fossil Fuel | Energy Services | Industrywide Issues | PennEast Pipeline | Pipelines | UGI Energy Services

    Tiny Protest in Trenton, NJ Against PennEast Pipeline is “News”?

    September 30, 2015September 30, 2015

    newsSome 35 anti-fossil fuel wackos, apparently with no jobs, show up during a slow news day at the Statehouse in Trenton, NJ to protest the PennEast Pipeline and news outlets report it as a major story, implying there’s a huge movement against the pipeline. What about the 366,500+ residents who also live in Mercer County and who aren’t opposed to the PennEast and who didn’t turn out to protest it? Is that worth a story? Apparently not. Of course this tiny protest wasn’t spontaneous–it was organized, planned, hyped and paid for by nutty Sierra Clubbers and THE Delaware Riverkeeper (Maya van Rossum)…
    Read More “Tiny Protest in Trenton, NJ Against PennEast Pipeline is “News”?”

  • Air Quality | Allegheny County | Anti-Drilling/Fossil Fuel | Industrywide Issues | Pennsylvania | Regulation

    EPA Visits Pittsburgh for Final Hearing on Methane Emissions Law

    September 30, 2015September 30, 2015

    what you believeYour beliefs matter. For example, if you believe in the fairy tale of man-made global warming (see Inconvenient Global Warming Fact: Avg Temp Hasn’t Risen in 18 Yrs), then you will attempt to force the greatest country on earth–the United States–to abandon the extraction and burning of fossil fuels. It is that erroneous belief that animates the Kool Aid drinkers in the so-called environmental movement. If you’re a real creep, you try to prey on the unthinking public’s fears that the planet will bake and your health is at risk by continued extraction of fossil fuels. The federal EPA is preying on those fears with their latest power grab to illegally regulate the oil and gas industry through the back door by creating new, unlegislated laws to reduce so-called methane emissions from oil and gas drilling. Regulation of oil and gas drilling is Constitutionally left to the individual states. The EPA wants to corrupt that and was in Pittsburgh yesterday for a final public hearing on their draconian new unlegislated laws on methane emissions. The EPA got an earful–from both anti-drilling wackos and from the oil and gas industry…
    Read More “EPA Visits Pittsburgh for Final Hearing on Methane Emissions Law”

  • Anti-Drilling/Fossil Fuel | Hydraulic Fracturing | Industrywide Issues | North Carolina | Regulation

    Sad: NC County Passes 3-Year Moratorium on Fracking

    September 30, 2015September 30, 2015

    heartbreakerIt’s heartbreaking, but not surprising, to see residents in a North Carolina make the same mistakes made by residents in New York State. Monday night the Stokes County (NC) Board of Commissioners voted to enact a three-year moratorium on potential shale drilling in the county. Well-meaning but completely ignorant residents agitated and cajoled the commissioners into voting for no drilling. Stokes, located in northern NC, is part of the Dan River sub-basin, which in turn is part of the larger Triassic Basin. Earlier this year the state cleared the way for fracking to begin (see Triassic Park: North Carolina Becomes 34th State to Frack Shale). The ignorant agitators are happy with the moratorium as a first step, but ultimately (like New York) hope they can ban fracking altogether…
    Read More “Sad: NC County Passes 3-Year Moratorium on Fracking”

  • Industrywide Issues | NGLs | Statewide WV | Taxation | West Virginia

    WV Newspaper Says State Should Avoid NGL Severance Tax Hike

    September 30, 2015September 30, 2015

    hopeJust last week MDN told you about the bone-headed proposal from a partisan group in West Virginia calling for a doubling or tripling of the severance tax on natural gas liquids–unless those NGLs stay in the state (see Partisan Group Wants to Double or Triple WV’s NGL Severance Tax). There’s at least one group of editors at a mainstream newspaper in the state who disagree. The editors at The Intelligencer/Wheeling News-Register point out the danger that such a tax will reduce drilling in the Mountain State, and rather than contribute more tax revenue to WV’s coffers, it will end up contributing less. Finally! Somebody who writes news who can grasp economics 101! Perhaps there is hope after all…
    Read More “WV Newspaper Says State Should Avoid NGL Severance Tax Hike”

  • Commodity Price | Coterra Energy (Cabot O&G) | Energy Companies | Industrywide Issues

    Morningstar Predictions: Crude Max $64/Barrel and NatGas $4/Mcf

    September 30, 2015September 30, 2015

    crystal-ball.jpgInvestment research service Morningstar is out with their latest “Quarter-End Insights” on energy. The highly regarded service says (a) the price of crude oil won’t rebound anytime soon, and their long-term price projection is for oil to be priced around $64/barrel here in the U.S., (b) even though natural gas production is slowing in the U.S., there’s plenty more ready to go online and therefore prices will remain low for a while–they project a “midcycle” price for natural gas of $4/Mcf; and (c) one of their top three picks for stocks in the energy space is Marcellus driller Cabot Oil & Gas…
    Read More “Morningstar Predictions: Crude Max $64/Barrel and NatGas $4/Mcf”

  • Hydraulic Fracturing | Industrywide Issues

    Phelim McAleer to Release GasHoax Ahead of Josh Fox’s GASWORK

    September 30, 2015September 30, 2015
    gas_hoax-640x480
    Click for larger version

    Tomorrow the Joseph Goebbels of the anti-fracking movement, Josh Fox (of Gasland fame) will release a new short fictional movie called “GASWORK – The Fight for C.J.’s Law.” The new propaganda film by Fox supposedly “investigates the dangerous working conditions in the oil and gas fields.” Er, well, yeah–it is dangerous! Which is why there’s such an emphasis on safety training by drilling companies. At any rate, Fox’s piece of propaganda, meant to smear fossil fuels, will air on a teeny tiny network called MSNBC (a network virtually no one watches anymore), at 8 pm Thursday during the “All In with Chris Hayes” program (a program we’d never even heard of before today). It’s important to point out Fox’s history of lies when it comes to the issue of fracking and natural gas drilling. No one does that better than Phelim McAleer, a real filmmaker who made the fabulous documentary FrackNation. Phelim is back to counter Josh’s latest propaganda with his own short film called GasHoax. Phelim plans to release his film tomorrow morning, ahead of Fox’s release, so people can know the true story of who Fox is and how he operates…
    Read More “Phelim McAleer to Release GasHoax Ahead of Josh Fox’s GASWORK”

  • Best of the Rest

    Marcellus & Utica Shale Story Links: Wed, Sep 30, 2015

    September 30, 2015September 30, 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: 10 new Utica permits; enviro benefits of pipelines; PennEast opponents intervene; PA drilling scares OPEC; GE’s digital power plant for gas; lessons from ETE/Williams deal; global warmers want to prosecute climate change skeptics (like MDN); more methane emanating from Philly Clean Air Council; pipelines to Mexico; and more!
    Read More “Marcellus & Utica Shale Story Links: Wed, Sep 30, 2015”

  • Energy Services | Energy Transfer Partners | Industrywide Issues | M&A | Williams

    Williams Accepts ETE’s “Indecent Proposal” – Price Went Down $10B

    September 29, 2015September 29, 2015

    indecent proposalIn the end, Williams decided that the takeover/merger proposal from Energy Transfer Equities (ETE) wasn’t so indecent after all. In June, ETE’s billionaire CEO Kelsy Warren revealed he had been propositioning Williams for over six months–offering Williams $64 per share to buy the company, totaling $48 billion (see Energy Transfer Makes “Indecent Proposal” to Buy Williams for $48B). Sometimes life imitates art. Like the movie Indecent Proposal, Williams (Demi Moore’s character) played hard to get but in the end announced, yesterday, they would accept ETE/Warren’s (Robert Redford’s character) offer. The price, however, has changed. The final deal will now be $37.7 billion total, or $43.50 per share. It’s easy to Monday morning armchair quarterback, but obviously Williams should have taken the earlier offer. The question now is, what will investors (Woody Harrelson’s character) think in the morning?…
    Read More “Williams Accepts ETE’s “Indecent Proposal” – Price Went Down $10B”

  • Baker Hughes | Energy Services | Halliburton | Industrywide Issues | M&A | Regulation

    Halliburton/Baker Hughes Hold a Pre-Merger Garage Sale

    September 29, 2015September 29, 2015

    garage saleHalliburton and Baker Hughes are having a pre-merger garage sale. In order for Halliburton to buy Baker Hughes, a deal worth $34.6 billion (see Shotgun Wedding: Halliburton Forces Baker Hughes to Sell), regulators are requiring both companies to shed more of their divisions and subsidiaries. Halliburton’s expandable liner hangers business is on the table. So too is Baker Hughes’ “core completions business,” which includes: packers, flow control tools, subsurface safety systems, intelligent well systems, permanent monitoring, sand control tools and sand control screens. And there’s more on the table, marked down for a quick sale. Because of the additional businesses that must be sold, the wedding/merger date for the two companies may get pushed back to early 2016. Halliburton and BH hope some of their competitors will stop by and pick something up at the pre-merger garage sale…
    Read More “Halliburton/Baker Hughes Hold a Pre-Merger Garage Sale”

  • Chief Oil & Gas | Energy Companies

    Chief O&G President Fires 3 VPs and All Geologists (Save One)

    September 29, 2015September 29, 2015

    rumor millOur intrepid tipster is back with another juicy rumor about Chief Oil & Gas. You may recall that MDN broke the story Chief is closing its main Appalachian office near Pittsburgh, a tip later confirmed by Chief (see Chief O&G Confirms MDN Story re Closing of Pittsburgh Office). The same tipster is back to say that Chief’s president, Russell Parker, has just fired three vice presidents and all of their on-staff geologists, save one…
    Read More “Chief O&G President Fires 3 VPs and All Geologists (Save One)”

  • Energy Companies | Industrywide Issues | Pennsylvania | Regulation | Rice Energy | Washington County

    Jeb Bush Visits Rice Energy Today to Unveil New Energy Plan

    September 29, 2015September 29, 2015

    Jeb BushLow energy Republican presidential candidate Jeb Bush (as Donald Trump calls him) has decided to inject some high energy (as in the energy industry) into his campaign. Jeb is today visiting the Pittsburgh headquarters of one of the Marcellus/Utica’s most successful drillers–Rice Energy–to unveil his energy plan that calls for the lifting of the crude oil export ban (something our Dear Leader, President Obama, opposes) and for the approval of the Keystone XL oil pipeline (Obama also opposes). However, the thing that makes Jeb’s visit to Rice Energy salient and meaningful for the Marcellus/Utica is that he will call for (a) lifting restrictions on exporting natural gas–making it easier to export natgas to Japan, China and European countries, and (b) fight Obama’s Clean Power Plan (CPP). There is no doubt Bush will say all of the right words and espouse policies the oil and gas industry can strongly support. The question is, will he actually do any of it if he gets elected?…
    Read More “Jeb Bush Visits Rice Energy Today to Unveil New Energy Plan”

  • Anti-Drilling/Fossil Fuel | Industrywide Issues | Luzerne County | Pennsylvania | Pipelines | Regulation

    NEPA Democrat Congressman Targets FERC in Effort to Stop Pipelines

    September 29, 2015September 29, 2015
    Matt Cartwright
    Congressman Matt Cartwright – Democrat

    An anti-drilling Democrat Congressman from Pennsylvania’s 17th Congressional District (Wilkes-Barre area), U.S. Rep. Matt Cartwright, continues a campaign targeting the Marcellus Shale industry for extinction–an industry that employs many of his constituents and benefits all of his constituents with lower natural gas and electricity prices. Cartwright and other anti-drilling members of Congress have recently changed strategies and are now attacking the Federal Energy Regulatory Commission (FERC) hoping to slow down and stop new pipeline construction. Cartwright sent a letter to the Inspector General for the Dept. of Energy (under which FERC sits) asking the IG to instigate a witch hunt against FERC with the aim of getting FERC to slow down its already molasses-slow permitting process for new pipelines. Cartwright and other members of Congress (from New England) hope they can bully FERC into abandoning its stated charter to dispassionately and without political influence evaluate pipeline projects based solely on their environmental impact to the local communities through which they run…
    Read More “NEPA Democrat Congressman Targets FERC in Effort to Stop Pipelines”

  • Guest Post | Industrywide Issues | Regulation

    What Have We Learned from EPA’s Gold King Mine Disaster?

    September 29, 2015September 29, 2015

    guest postOn January 9, 2014, a Freedom Industries facility next to the Elk River leaked ~10,000 gallons of crude 4-methylcyclohexanemethanol (MCHM) used in coal mining into the river, which is a tributary to the Kanawha River that runs through Charleston, WV. The results of that leak were dramatic. Some 300,000 residents from nine counties in the Charleston metropolitan area were without access to potable water for five days. Several Freedom Industries officials are now in jail and the company went bankrupt because of that single accident. Contrast coverage of that accident with another accident–caused by the federal Environmental Protection Agency (EPA) at the Gold King Mine in Colorado. EPA personnel were fiddling around “testing” at a gold mine wastewater storage impoundment and accidentally unplugged it, dumping 3 million gallons of some of the nastiest wastewater you can imagine–with lead, arsenic and other heavy metals–into the Animas River north of Silverton, CO (see EPA Causes Environmental Disaster in CO; Connection to Marcellus?). The Gold King Mine spill turned the Animas “an opaque orange color reminiscent of boxed mac and cheese.” Question: Should EPA Administrator Gina McCarthy be locked up and the EPA dismantled based on a single accident? Is there a double standard when it comes to environmental reporting?

    Stephen Heins, an energy and regulatory consultant for a Wall Street firm, and former vice president of communication for Orion Energy Systems, is an occasional guest blogger here on MDN. Steve has penned an excellent article (below) that takes a look at EPA’s response to the Gold King Mine disaster. Steve says he’s not second-guessing the accident itself–it was an accident (they do happen). He’s interested in how the EPA responded, what we can learn from it, and whether or not a double standard exists when it comes to environmental reporting about government-caused accidents vs. those caused by private companies…
    Read More “What Have We Learned from EPA’s Gold King Mine Disaster?”

  • Commodity Price | Industrywide Issues | Pipelines

    ANGA Walks into New England Lion’s Den With Hard Truth

    September 29, 2015September 29, 2015

    the hard truthIt takes guts to walk boldly into the liberal lion’s den and tweak the nose of the beast. That’s what Marty Durbin, chief executive of America’s Natural Gas Alliance (ANGA), has done with an editorial appearing in yesterday’s Boston Globe newspaper. Durbin has the audacity to tell readers that their high energy bills and constrained natural gas supplies is “self-imposed.” He also tells them they can believe whatever they want, but they can’t defy the laws of supply and demand and there is no arguing the fact that New Englanders pay high energy prices because they lack necessary natural gas supplies. Just a few hundred miles away natgas prices in the Marcellus are a fraction of what gas sells for in New England. Marty pours it on! He also says a recent study shows without new natgas supplies for New England, by 2020 the average consumer will pay almost $1,000 more per year in energy costs than they do today. Read Marty’s audacious editorial for yourself below, full of cold, hard truth. Let’s hope New Englanders will see the light–which happens to be a blue natural gas flame…
    Read More “ANGA Walks into New England Lion’s Den With Hard Truth”

  • CONSOL Energy | Energy Companies | EQT Corp | Pennsylvania | Range Resources Corp | Rice Energy | Washington County

    New Washington Co PA Training Facility for Well Pad Fires

    September 29, 2015September 29, 2015

    patchThe Washington County (PA) Firemen’s Association recently opened a new $500,000 gas well training center at the fire academy located at 895 Western Ave in Houston, PA. The project, which took more than a year to plan and complete, was completely funded by some of the biggest and best drillers in the Marcellus/Utica, including Range Resources, Rice Energy, CONSOL Energy, EQT, American Well Service and others. It will be used to train first responders not only in Washington County, but also from other parts of Pennsylvania along with West Virginia and Ohio. According to Pennsylvania Fire Commissioner Tim Solobay, “There’s nothing like it outside of Texas”…
    Read More “New Washington Co PA Training Facility for Well Pad Fires”

  • Best of the Rest

    Marcellus & Utica Shale Story Links: Tue, Sep 29, 2015

    September 29, 2015September 29, 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: Upstate NY struggles–lost jobs/poor economy with no fracking; severance tax debated in Harrison County, OH; NFG asks FERC for permission to start up pipeline early; 4Q15 looks bleak for shale companies; 20 scientists ask government to prosecute those who don’t believe in “climate change”; and more!
    Read More “Marcellus & Utica Shale Story Links: Tue, Sep 29, 2015”

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