Latest Rice Energy Investor Presentation Reveals New Info
Last week Rice Energy posted a new PowerPoint investor presentation on their website. We like to share these concise “get to the point” presentations with the MDN audience because they’re full of maps and information that landowners, energy companies and supply chain companies find useful. This latest from Rice is no exception. Early on we learn a neat fact (slide #3): Rice Energy hit Marcellus Shale production levels of 200, 300, 400 and 500 million cubic feet per day with fewer wells than any other operator in the Marcellus. Cool. Here’s what else we notice in the latest Rice presentation…
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Well, don’t say we didn’t warn you. In November MDN brought you the news that Chevron announced the are “restructuring” their northeast business until to “become more efficient” and for “long-term growth.” We pointed out at the time that kind of language doesn’t inspire confidence (see
Earlier this month, Antero Resources, one of the largest leaseholders and drillers in the Marcellus/Utica, announced they are laying off 250 landmen in WV, OH and PA because of low oil and gas prices (see