TransCanada to Enter Marcellus/Utica with ANR Pipeline Expansion
TransCanada Corporation, the company perhaps most known (and reviled by the anti-drilling left) for their proposed Keystone XL oil pipeline, is making moves to grab a piece of the action in the Marcellus/Utica Shale. Last week TransCanada announced a non-binding open season until July 28 for shippers to grab capacity on a proposed expansion of their ANR pipeline–something they call the ANR East Project. The Project will provide Marcellus and Utica drillers with options to ship their gas out of the northeast to the Midwest, Gulf Coast, and even to Ontario, Canada. As part of the project, new pipeline would be built…
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Time for an update on the rapidly expanding Utica Shale region. Below MDN outlines the most active drillers in the Utica, indicating their acreage positions and how many wells they have permitted, drilled or producing (so far). Information on acreage positions was gleaned from company websites, the
Chesapeake Energy continues to sell off assets in an attempt to boost its stock price and make corporate raider Carl Icahn even richer. The latest fire sale: Rice Energy announced yesterday they’ve picked up 22,000 acres and 12 Marcellus Shale wells from Chessy located in Greene County, PA for $336 million. According to Rice’s President & COO Toby Rice, the acreage is a “high quality” shale asset located in an area they’ve been developing since 2009…