ODNR Temporarily Shuts Down Injection Wells After Low-Level Quake
On Sunday, August 31 at 5:45 pm, there was an earthquake in the vicinity of Weathersfield (Trumbull County), OH. However, no one felt it. The only way anyone knew there was a quake was because of monitoring by the U.S. Geological Survey. The Ohio Dept. of Natural Resources (ODNR) is investigating whether or not two wastewater injection wells, operated by American Water Management Services (AWMS), was the cause of that low-level quake that no one felt. According to the ODNR, from an “abundance of caution” they asked AWMS to shut down operations at those two wells while they investigate, which has now been done…
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Big news from MDN friend and Marcellus/Utica driller Aubrey McClendon. McClendon, now CEO of American Energy Partners (and former CEO of Chesapeake Energy), told a Hart Energy conference yesterday that the companies he’s started since leaving Chesapeake will soon go public–each of them individually. And he’ll start even more companies that will go public. McClendon is adopting a “pure play” approach in which each company will be independently run and focus on a single shale play. Once again McClendon has taken the road less traveled and is pioneering a brilliant strategy to dominate the plays which he chooses to target. MDN’s words when the Chesapeake board dismissed Aubrey (from April 1, 2013) were prophetic: “Why is it an error to show McClendon to the door even in light of his aggressive financial deals? You think McClendon will take his piles of money and sit on a Caribbean beach somewhere? In your dreams! He’ll be back, and he’ll start (or buy) another company that will directly compete with Chesapeake. You can bank on it.” (see