PA Spending $6M on Program to Convert Vehicles to Natgas
The Pennsylvania Marcellus is a gift that keeps on giving. Pennsylvania Gov. Tom Corbett announced yesterday that the third round of funding from Act 13 funds to convert vehicles to run on natural gas will open tomorrow–August 30th. So far PA has collected over $600 million in “impact fees” from Marcellus drillers under the Act 13 law passed by Corbett early in his administration. Most (60%) of impact fee revenue goes back to the local communities where drilling occurs–to compensate them for the hassles or “impacts” that come with drilling. But 40% of the impact fee money goes to communities (or programs) with no active drilling. We uncharitably call it political walking around money. Necessary to grease the hands of greedy politicians. Some of that walking around money goes to fund the conversion of cars and trucks to run on compressed natural gas–a worthy cause in our opinion. This time around $6 million of impact fee money will go to fund natgas vehicle conversions. Who can apply? Just about anyone–except individuals. It must be a company, non-profit or government agency/entity…
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In the summer of 2012, the U.S. Geological Survey (USGS) began a groundwater survey in Pike County, PA. Pike, located in northeastern PA, is one of the counties with the dubious distinction of being under the regulatory purview of the Delaware River Basin Commission which has, so far, refused to allow any Marcellus Shale drilling. The survey’s purpose is to provide baseline numbers prior to any Marcellus drilling activity. So, just to be clear, there has been NO drilling thus far in Pike nor anywhere near Pike. And yet, what did the USGS survey, published in July 2014 (full copy below) show? Some 80% of the water wells tested in Pike have “detectable concentrations of methane” and 10% of the wells (2 of the 20 tested) have high levels of methane. Not only that, 85% (!) of the wells tested have (gasp) really high radon levels–over the proposed safe limit of 300 picocuries per liter. One well was as high as 4,500 picocuries! But it gets worse–there’s also measurable quantities of nasty stuff like barium, strontium, and the dreaded chloride (salt). And yet, not a Marcellus Shale well in sight. Now how can that be?…
Earlier this month Antero Resources, a large and growing driller in the Marcellus and Utica Shale, provided their second quarter financial and operations update. At the time, MDN observed they are getting close to a very exclusive milestone–the 1 billion cubic feet per day of natural gas production–or the “1 Bcf/d Club”. So far only Cabot Oil & Gas, Range Resources and EQT are in the club. Earlier this week Antero issued a guidance update declaring they will hit the 1 Bcf/d level in the second half of this year. Antero has revised UP their “guidance” by another 5%–saying they expect to be at 990 – 1,010 MMcfe/d for the entire year, and well beyond the 1 Bcf/d level (1,160 MMcfe/d) during the second half of the year. So, MDN officially says to Antero: Welcome to the club! Here’s Antero’s extensive guidance update issued Tuesday:
Last week Pennsylvania Gov. Tom Corbett waded into the thorny issue of whether or not the Federal Energy Regulatory Commission (FERC) should approve the Williams Tranco pipeline expansion project. Dubbed the Atlantic Sunrise project, the $3 billion project which reaches far beyond just PA, would carry PA Marcellus Shale gas to the East Coast and to southern states (see 
Oh oh. Corporate raider Carl Icahn won’t be happy about this one. MDN told you a month ago that Spanish energy company Repsol was seriously considering buying some, or all, of Canadian company Talisman Energy (see