JLCNY “David” Goes Up Against Park Foundation “Goliath”
MDN recently received the following fundraising letter from the 70,000-member Joint Landowners Coalition of New York (JLCNY). The JLCNY runs on a shoestring budget. Although many landowners belong to the JLCNY “umbrella” organization through local landowner groups, most of them do not contribute money to the JLCNY. The JLCNY has been on the front lines of the fight to get shale drilling authorized in New York. As they point out in the letter, it’s a real David and Goliath kind of struggle–with mom and pop landowners as David and Park Foundation-backed liberal enviro groups (and their minions) as Goliath. The happy thought we had in reading the letter below is that we know how the original David & Goliath story turns out–the one from 3,000 years ago. Let’s hope we get a repeat with the shale drilling struggle, which right now seems hopeless, in New York State…
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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
Shell has had an on-again, off-again, on-again love affair with North American shale (can anyone say “schizophrenia”?). In March, Shell’s new CEO Ben van Beurden said the company was not impressed with American shale plays and cutting back (see