Altoona’s Marcellus Gas-to-Liquids Plant Gets Canceled, For Now
While most Pennsylvania supply chain businesses are hanging tough during the current down cycle in drilling–the downturn has claimed at least one potential project in the Keystone State. It was with much fanfare and great hope in March 2013 that Marcellus GTL of Gilberton, Schuylkill County, announced it would build its first Clean Energy Center in Blair County, PA. The “gas to liquids” (GTL) project would cost $200 million to build and would convert PA Marcellus Shale gas into 84,000 gallons per day of regular gasoline and propane to be marketed locally as transportation fuel and for heating uses (see Altoona Area Getting $200M Marcellus Gas-to-Liquids Plant). The project was even promised a 7-year tax break (see Altoona Gas to Liquids Plant Will Qualify for 7-Year Tax Break). But sadly, Marcellus GTL recently told the Altoona-Blair County Development Corp the project has been “tabled” due to the low price of oil and the volatility of the market right now…
Read More “Altoona’s Marcellus Gas-to-Liquids Plant Gets Canceled, For Now”

Although headquartered in Radnor, Pennsylvania (near Philadelphia), Penn Virginia Corporation is an oil and gas driller (i.e. “producer”, i.e., E&P company) 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 Democrat billionaire corporate raider George Soros, one of the most vile big money investors in the world who has repeatedly damaged not only corporations but entire country’s economies, had taken a 9.1% ownership position in Penn Virginia in order to force it to sell and was doing exactly that (see