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Marcellus Drilling News
  • Brooke County | Electrical Generation | Industrywide Issues | Regulation | Statewide WV | West Virginia

    WV Marcellus-Fired Electric Plant Seeks Approval from PJM

    April 23, 2015April 23, 2015

    In early March, MDN told you about plans by a father and son team to build not one but four Marcellus gas-powered electric generating plants in West Virginia (see Big News: 3 More Marcellus-Powered Electric Plants Coming to WV). Although they haven’t fully committed yet, Andrew and Matthew Dorn, the father/son behind the projects, are hurrying to file regulatory paperwork for at least one of the new proposed plants (in Brooke County) to beat a deadline…
    Read More “WV Marcellus-Fired Electric Plant Seeks Approval from PJM”

  • CNG/LNG | Exporting | Industrywide Issues

    Top U.S. Coal Exporter Plans to Export Marcellus Shale Gas

    April 23, 2015April 23, 2015

    Xcoal Energy & Resources is the largest exporter of coal in the United States. But Xcoal’s CEO, Ernie Thrasher, says coal is in decline and natural gas is ascending. So Thrasher is forming a new company: XLNG Energy & Resources. Thrasher hopes to begin exporting LNG from the Marcellus/Utica no later than 2018. Which is an interesting boast, given the only way to export (so far) would be the as yet uncompleted Cove Point, Maryland plant being built by Dominion. However, 100% of the LNG exporting from that plant is already spoken for. So what is Thrasher thinking?…
    Read More “Top U.S. Coal Exporter Plans to Export Marcellus Shale Gas”

  • Energy Services | Patterson-UTI

    Patterson-UTI 1Q15: Revenue Down a Little, Earnings Down a Lot

    April 23, 2015April 23, 2015

    Patterson-UTI Energy, one of the companies that owns and operates drilling rigs in the Marcellus/Utica, filed their first quarter 2015 financial results today. Revenue was down just 3% year over year–$678 million for 1Q15 vs $658 million for 1Q14. But earnings–the money you keep after all expenses–took a dive right off a cliff. In 1Q15 Patterson made just $9.1 million, or 6 cents per share. In 1Q14, the company made $34.8 million in earnings, or 24 cents per share. That’s a 74% drop in earnings year over year. Ouch…
    Read More “Patterson-UTI 1Q15: Revenue Down a Little, Earnings Down a Lot”

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

    Anti-Drillers Pressure Philly City Council to Dump Energy Hub Plan

    April 23, 2015April 23, 2015

    A group of 33 anti-progress organizations, headed up by the odious and misnamed Food & Water Watch, have (fantastically) sent a letter to members of the Philadelphia City Council to tell City Council they should forget about making Philly an East Coast “energy hub.” The blithering idiots refuse to acknowledge the reason they’re alive and able to send such a letter is due to the beneficence of fossil fuels. They are only able to organize and protest fossil fuels–because of the existence of fossil fuels. The good news is that City Council is so corrupt they won’t notice or care anyway…
    Read More “Anti-Drillers Pressure Philly City Council to Dump Energy Hub Plan”

  • Hydraulic Fracturing | Industrywide Issues | Pennsylvania | Regulation | Statewide PA

    Center for Sustainable Shale Dev Gets Grant to Keep Going

    April 23, 2015April 23, 2015

    A spot of good news for the Center for Sustainable Shale Development (CSSD). The CSSD has struggled to obtain funding after Mamma Teresa Heinz Kerry, the William Penn Foundation and the quacks at PennFuture all pulled their funding for the group (see PAI Says 3rd Enviro Group – PennFuture – Abandoned CSSD). The Richard King Mellon Foundation threw the CSSD a lifeline by donating (see CSSD Thrown a Lifeline from Richard King Mellon Foundation). Now comes word that the Claude Worthington Benedum Foundation has renewed their support with another one-year grant…
    Read More “Center for Sustainable Shale Dev Gets Grant to Keep Going”

  • Education | Industrywide Issues | Lackawanna County | Pennsylvania | Susquehanna County

    Lackawanna College Gets New Virtual Well Control Training System

    April 23, 2015April 23, 2015

    The Lackawanna College School of Petroleum & Natural Gas is one of the country’s premier petroleum technology programs. It’s located not far from the border of New York State–in New Milford (Susquehanna County), PA. Lackawanna’s program is one of perhaps half a dozen such programs in the entire country. It fills a need to train oilfield and midstream workers for highly technical, skilled positions. Like running compressor stations, or running drill rigs. The Lackawanna program is a two-year program which sits nicely between a four-year year petroleum engineering degree on one side, and the trades, like welding or being a roustabout on the other side. Last year Cabot Oil & Gas made an eye-popping $2.5 million grant to the college (see Cabot Oil & Gas Does it Again – $2.5 Million Gift to Lackawanna College). A new $150,000 grant from the State of Pennsylvania has just been announced that will bring a state-of-the-art virtual training system for well control to Lackawanna…
    Read More “Lackawanna College Gets New Virtual Well Control Training System”

  • Air Quality | Alternative Energy | Industrywide Issues

    Happy Day After Earth Day – A Day to Celebrate Fossil Fuels

    April 23, 2015April 23, 2015

    earth dayEarth Day was celebrated in 192 countries around the world yesterday, including the U.S. We celebrate old Mother Earth here at MDN HQ each and every day. We love this dirt ball on which we live. An MDN reader and friend sent us a link to a Youtube video that properly celebrates and provides context for Earth Day (watch it below). To properly celebrate Earth Day, you need to include a celebration of fossil fuels–which have done more to clean up the earth than any other factor. Yes, you read that right. Fossil fuels are the reason we have cleaner air, cleaner water and live longer than ever. So today, one day late, we celebrate “setting fire to corpses of animals and plants unearthed from 400 million-year-old cemeteries”–which is how anti-driller Sandra Steingraber describes fossil fuels…
    Read More “Happy Day After Earth Day – A Day to Celebrate Fossil Fuels”

  • Best of the Rest

    Marcellus & Utica Shale Story Links: Thu, Apr 23, 2015

    April 23, 2015April 23, 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: Thu, Apr 23, 2015”

  • Industrywide Issues | Pennsylvania | Research | Statewide PA

    Confirmed: PA Natgas Production Decreased from Jan to Feb 2015

    April 22, 2015April 22, 2015

    confirmedAs MDN told you last week, natural gas production in Pennsylvania went DOWN from January to February 2015 (see Exclusive: PA Feb Natgas Production Numbers Show Decrease from Jan). We now have the percentage by which it decreased: 9%. As we said last week, EQT and a few other laggards didn’t file their numbers on time. Those numbers are now in and we have the final summary below showing production for both January and February, and the percentage difference–both by county and by driller. Mainstream and industry publications we’ve read say February natgas production in PA was either flat or slightly up from January. That simply is not the case. We’ve run the numbers–twice. We’ve pulled the raw data from the PA Dept. of Environmental Protection–twice. We’ve checked and rechecked and, as we predicted last week, “we expect production to have decreased somewhere around 8-10% overall.” We nailed it, if we might immodestly say so ourselves. So why does everyone else say production rose slightly?…
    Read More “Confirmed: PA Natgas Production Decreased from Jan to Feb 2015”

  • Industrywide Issues | Statewide WV | Taxation | West Virginia

    WV Severance Tax Doubles in 2014, 90% Disappears in Charleston

    April 22, 2015April 22, 2015

    money disappearingWow–who woulda thunk? Drillers in West Virginia paid double the amount of revenue in severance taxes in 2014 than they did in 2013–a total of $188 million. Those numbers are approaching the total haul for the tax/impact fee in Pennsylvania (a little over $200 million each year). But there’s a big difference between the revenue raised in WV and PA. In PA, 60% of the revenue raised stays local with the towns and counties where drilling occurs, and 40% goes to the state and other geographies. We call the 40% “walking around money” (i.e. extortion) that politicians had to agree to in order to get any kind of deal done that remotely approaches common sense. In WV however, an eye-popping 90% of the severance revenue raised goes to the state–to disappear through politicians’ fingers–while a meager 7.5% stays in the counties that see drilling…
    Read More “WV Severance Tax Doubles in 2014, 90% Disappears in Charleston”

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

    Odebrecht Pushes the Pause Button on WV Ethane Cracker

    April 22, 2015September 21, 2015

    pause buttonMore troubling talk from Odebrecht about a proposed ethane cracker plant in Parkersburg, WV. In February, MDN brought you the first tremors in what until that point had been nothing but positive signs the project would move forward (see First Cloud Appears for Odebrect WV Ethane Cracker Plant Project and Parkersburg Cracker Plant Decision May Not Come in 2015 After All). Now comes word that Odebrect and its American subsidiary Braskem have pushed the pause button on the WV cracker project…
    Read More “Odebrecht Pushes the Pause Button on WV Ethane Cracker”

  • Pennsylvania | Statewide PA

    PA Drilling Permits Drop 30% Jan-Mar – How Low Will it Go?

    April 22, 2015April 22, 2015

    How Low can You GoHow low will it go? Data from the Pennsylvania Dept. of Environmental Protection (DEP) shows a significant drop in the number of Marcellus Shale drilling permits issued for the first quarter of 2015. In fact, the number of permits issued dropped 30% in 1Q15–to the lowest number of permits issued in the past five years. Here’s a look at the numbers…
    Read More “PA Drilling Permits Drop 30% Jan-Mar – How Low Will it Go?”

  • Electrical Generation | Energy Services | Industrywide Issues | Lackawanna County | Pennsylvania | Regulation

    Invenergy Gets Notice of Violation in PA for Disturbing 3 Mud Puddles

    April 22, 2015May 4, 2015

    mud puddleOne more twist in what is shaping up to be a very long process to build the state’s largest electric generating plant powered by Marcellus Shale gas. Invenergy hopes to build the 1500-megawatt plant in the borough of Jessup (Lackawanna County), near Scranton, on an 80-acre former coal mine and landfill site (see UGI to Feed Jessup, PA Electric Plant with Marcellus Shale Gas). The project was announced in 2013. Part of the evaluation process for the site is to determine if there’s nasty stuff left over from the landfill that needs to be moved. Invenergy hired a company to drill some test holes to analyze what’s down there. As part of drilling those holes, the company hired “disturbed” three wetlands areas. In other words, they pushed some dirt around in three mud puddles/swamps. Invenergy recognized the error and immediately notified the Dept. of Environmental Protection who has now, nine months later, issued a notice of violation to Invenergy for disturbing the mud puddles. It remains to be seen how costly the error was…
    Read More “Invenergy Gets Notice of Violation in PA for Disturbing 3 Mud Puddles”

  • American Energy Partners | Energy Companies

    McClendon Deepens the AEP Bench with 3 New Hires

    April 22, 2015April 22, 2015

    OKC ThunderAubrey McClendon, former CEO of Chesapeake Energy, current CEO of American Energy Partners and the media’s favorite bad boy of fracking–knows a thing or two about developing a deep bench. In addition to Aubrey’s focus on natural gas drilling, he’s one of the co-owners of the Oklahoma City Thunder NBA basketball team. So Aubrey knows it’s good to have a lot of talent on the bench and in the game. In that spirit, Aubrey has just made three more hires to, as he says, “broaden and deepen” his management team. Yesterday American Energy Partners announced that it has hired Scott D. Sachs as Senior Geoscience Executive Advisor, James C. Johnson as Senior Marketing and Midstream Executive and Traci D. Cook as Chief Accounting Officer…
    Read More “McClendon Deepens the AEP Bench with 3 New Hires”

  • Energy Services | Halliburton | Industrywide Issues | Jobs

    3rd Shoe Drops: Halliburton Lays Off Additional 2,600

    April 22, 2015April 22, 2015

    shoe droppingThe third shoe has now dropped. On Monday we told you that Schlumberger has cut an additional 11,000 jobs–20,000 total now gone–from the payroll (see Schlumberger Cuts Another 11K Jobs, 15% of Workforce Gone in 4 Mos). Yesterday Baker Hughes cut an additional 3,500 jobs–10,500 now gone (see Baker Hughes Follows Schlumberger, Ups Layoffs to 17% of Workforce). Today? Halliburton has admitted instead of cutting 6,400 jobs as previously announced, they’ve actually cut 9,000 jobs…
    Read More “3rd Shoe Drops: Halliburton Lays Off Additional 2,600”

  • Industrywide Issues | Weather

    Weather/Natgas Forecast for NE Revised: Cool All Summer (Yuck)

    April 22, 2015April 22, 2015

    Weather1Is there a weather forecast worth the pixels used to broadcast it? We doubt it. We laugh when we hear about “climate change” coming in the next X years, which really means global warming, and how the “average temperature” of old Mother Earth is about to skyrocket–any year now. Of course hucksters like Al Gore have been saying that for the past 25 years. And still the average temp on earth goes up, then it goes down, then it goes up. OMG–climate changes! Can you believe that?!! What dopes. Anyway, last month we brought you the long range weather forecast for the entire country, month by month, from Weather Services International (WSI)–a respected weather prognosticating company used by many in the natural gas industry (see Marcellus/Utica 3-Month Temp Forecast: Cold, Warm, Warm). New month, new forecast. And guess what? The forecast has changed. Now WSI says weather in the northeast will remain cooler than “normal” all summer long–at least through July. Yipee. Meanwhile Al Gore and those incredibly brainy “scientists” he listens to are making predictions about the weather decades down the road–when we can’t get it right from month to month–even day to day…
    Read More “Weather/Natgas Forecast for NE Revised: Cool All Summer (Yuck)”

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