Marcellus Drilling News

Hydraulic Fracturing | Industrywide Issues | Research

Accenture Report: Where’s the Next Big Non-US Shale Play?
June 23, 2014June 23, 2014

Will shale drilling ever take off outside of the U.S. and Canada? And if it does, when will it take off, and where? Those are some of the questions answered by researchers at power-house consulting firm Accenture in a new report just released. Titled “International Development of Unconventional Resources: If, where and how fast?” (full copy embedded below), the report says that yes indeed shale drilling will take off in some locations in the next 5-10 years. In fact, the report, which covers shale basins in Argentina, Australia, China, Mexico, Poland, Russia, Saudi Arabia, South Africa and the United Kingdom, says one of those countries in particular may be the next big thing in shale. To find out which one, read on…
Read More “Accenture Report: Where’s the Next Big Non-US Shale Play?”
Industrywide Issues | Nine Energy Services | Supply Chain

4 Companies Merge to Form New Oilfield Services Firm
June 23, 2014June 23, 2014

A new competitor for Halliburton and Baker Hughes? Maybe! Four oilfield services companies, some of which have operations in the Marcellus/Utica, have combined to form a new company. The four companies are: Northern States Completions, Tripoint LLC, CDK Perforating and Integrated Production Services Canada. The new company is called Nine Energy Service and is headquartered in Houston, TX. Why the unusual name Nine? It’s aspirational. On a scale of 1-10 with 10 being perfect, they aspire to be a 9, which is about as good as you can get. Hence the name, which is kind of cool. Here’s the press release announcing the merger of the four into one with hopes of becoming a nine…
Read More “4 Companies Merge to Form New Oilfield Services Firm”
Anti-Drilling/Fossil Fuel | Industrywide Issues | Litigation

When Enviros like Greenpeace Don’t Get Own Way, They Bully
June 23, 2014June 23, 2014

When environmentalist wacko “non-governmental organizations” or NGOs like the odious Greenpeace don’t get their way, they resort to threats and intimidation. Kind like a “green” mafia. Recently the green bullies at Greenpeace International, World Wildlife Fund and the Center for International Environmental Law sent threat letters to the CEOs and board members of Exxon Mobil and other oil and gas companies to let them know that they personally–the people running those organizations–may be liable for non-existent global warming. That is, Greenpeace and others intend to launch lawsuits against individuals running the companies to force them–at the gunpoint of the courts–to do or not do the things the bullies want them to do…
Read More “When Enviros like Greenpeace Don’t Get Own Way, They Bully”
Best of the Rest

Marcellus & Utica Shale Story Links: Mon, Jun 23, 2014
June 23, 2014June 23, 2014

The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading:
Read More “Marcellus & Utica Shale Story Links: Mon, Jun 23, 2014”
Anti-Drilling/Fossil Fuel | Energy Services | Industrywide Issues | Millennium Pipeline | New York | Orange County | Pipelines

NY Anti-Driller Claims Compressor Station Causing Son’s Asthma
June 20, 2014June 20, 2014

A small group of virulent anti-drillers from New York City, who flee the city on the weekends and live in places like Orange County, NY, are once again slandering Marcellus drilling in New York State by targeting industry-related initiatives like pipeline compressor stations. To wit: A family who opposed the compressor station built by the Millennium Pipeline in Minisink, NY (southwest Orange County) now claim their 16-year old son has had a “sudden onset” of asthma which occurs only when they flee the city for the weekends to their summer home in Minisink. They conveniently blame the compressor station. What to do? Hire a so-called consultant to address a small group in the area, get a local reporter to show up and regurgitate a whopping pack of lies to scare everyone who reads the local rag…
Read More “NY Anti-Driller Claims Compressor Station Causing Son’s Asthma”
Chesapeake Energy | Energy Companies | Industrywide Issues | Lease & Royalty Payments | Pennsylvania | Regulation | Statewide PA

PA Royalty Bill 1684 Off the Agenda, Likely for Rest of 2014
June 20, 2014June 20, 2014

Pennsylvania landowners can and should be angry with the Republican-controlled PA House of Representatives. Word has just come that an important royalty bill–HB 1684–is now on the “back burner” until fall. Fall is the height of the election season and you know darned well nothing will get done on the bill at that point–so for all intents the bill is dead for this year. Which is a shame. What is HB 1684? Our shorthand name for the bill is the “stop Chesapeake Energy from screwing landowners out of their royalties” bill…
Read More “PA Royalty Bill 1684 Off the Agenda, Likely for Rest of 2014”
Economic Impact | Electrical Generation | Industrywide Issues | Luzerne County | Pennsylvania

Moxie Energy in Hunt for Third Marcellus-Powered Electric Plant?
June 20, 2014June 20, 2014

A very interesting news tidbit to pass along. Is Moxie Energy considering a third, new natural gas powered electric generating plant for Pennsylvania–this one near Wilkes-Barre? Quite possibly…
Read More “Moxie Energy in Hunt for Third Marcellus-Powered Electric Plant?”
East Resources | Energy Companies | Erie County (NY) | New York

Will Marcellus Blood Money Buy the Buffalo Bills?
June 20, 2014June 20, 2014

If you’re an anti-driller in Western New York and a Buffalo Bills fan, you’re in a serious quandary. The Bills NFL franchise is for sale, for the first time ever, and it may be your single best hope for keeping the Bills in Buffalo is if Terry Pegula buys the team. As MDN previously reported, Pegula is the owner of the Buffalo Sabres NHL team. He’s also the founder and CEO of East Resources, an evil oil and gas company. Could it be that the Marcellus Shale–and money derived from it–will save the Buffalo Bills? Can anti-drillers ever live with themselves if that happens? Will anti-drilling Bills fans switch allegiance to their arch rivals the New York Giants or the hated Pittsburgh Steelers if Pegula buys the Bills with his Marcellus “blood money”? All burning questions for inquiring minds…
Read More “Will Marcellus Blood Money Buy the Buffalo Bills?”
Economic Impact | Energy Services | Industrywide Issues | M&A | Pennsylvania | Statewide PA | UIL Holdings

Phila. Gas Works Deal in Jeopardy Due to Vacationing City Council
June 20, 2014June 20, 2014

In March, the Democrat mayor of Philadelphia, Michael Nutter, announced a deal to sell the city-owned Philadelphia Gas Works (PGW) for $1.86 billion (see Phila. Gas Works Deal for $1.86B – Marcellus/Utica One of Keys). UIL Holdings Corporation, a Connecticut-based investor-owned gas and electric utility, is the potential buyer. However, it didn’t take long for the union and a former Enron executive to make a play to screw the deal (see Former Enron Exec Makes “Unethical” Play to Derail PGW Deal). City Council has had three months to review the deal put together by Nutter, but now they’re heading out of town on summer vacation and not coming back until September. Will UIL stick around that long?…
Read More “Phila. Gas Works Deal in Jeopardy Due to Vacationing City Council”
Chesapeake Energy | Energy Companies | Ohio | Statewide OH | Utica Shale

Chesapeake CEO Lawler Calls Himself “Anti-Core”
June 20, 2014June 20, 2014

Speaking at a conference this week, Chesapeake Energy CEO Doug Lawler says he doesn’t believe in nonsense like “core of the core” in given shale plays–like the Utica. Lawler says he’s “anti-core” and instead of trying to zero in on the best-producing locations in a play he would rather not limit himself or technology. Which is all kind of funny since Chessy missed the core in the Utica Shale. Lawler’s comments are a tacit admission that they blew it in the Utica, so now they’ll make some lemonade with the lemons in their hand and simply ignore reality…
Read More “Chesapeake CEO Lawler Calls Himself “Anti-Core””
Industrywide Issues | Pennsylvania | Statewide PA | Taxation

RINO Introduces 4.9% Severance Tax Bill in PA House
June 20, 2014June 20, 2014

A Republican in Name Only (RINO) in the PA House, Gene DiGirolamo (greater Philadelphia area), yesterday introduced House Bill 2358 that would make it legal for the state to steal money from a single industry and give it away to groups of people who didn’t earn it. It’s called a severance tax and the money raised from such a tax would be used for anything and everything but the impacts that happen from mining natural gas and oil. The arrogant DiGirolamo is all proud of himself for introducing this abomination…
Read More “RINO Introduces 4.9% Severance Tax Bill in PA House”
Anti-Drilling/Fossil Fuel | Energy Services | Industrywide Issues | Kinder Morgan | Pipelines | Tennessee Gas Pipeline

Lib MA Town Tells Tenn. Gas Pipeline: Stay Outta Town!
June 20, 2014June 20, 2014

Taking the law into his own hands, as fascist liberals typically do, Andover, MA Town Manager Reginald “Buzz” Stapczynski sent a letter to officials at the Tennessee Gas Pipeline telling them to keep their people the h— outta town–at least that was the sentiment expressed. Such nice, tolerant, peaceful people those anti-drilling libs, aren’t they? Just lovers of all mankind, willing to listen to any harebrained viewpoint–until it’s a viewpoint that doesn’t match theirs. Then the baseball bats come out…
Read More “Lib MA Town Tells Tenn. Gas Pipeline: Stay Outta Town!”
Hydraulic Fracturing | Industrywide Issues

The Sinister Link Between Fracking and Ice Cream
June 20, 2014June 20, 2014

Hey it’s Friday and time to cut loose a little more than normal here at MDN. Anti-drillers float a boatload of made-up, cockamamie reasons to oppose shale drilling for natural gas and oil. Their philosophy is to issue an ongoing torrent of false charges–fling it all against the wall and see what sticks. However, we’ve finally discovered one reason (overlooked by the antis) that may indeed have some merit. Ice cream. As in, shale drilling leads to high prices for your favorite summer desert. How?…
Read More “The Sinister Link Between Fracking and Ice Cream”
Best of the Rest

Marcellus & Utica Shale Story Links: Fri, Jun 20, 2014
June 20, 2014June 20, 2014

The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading:
Read More “Marcellus & Utica Shale Story Links: Fri, Jun 20, 2014”
American Energy Partners | Chesapeake Energy | Energy Companies | Industrywide Issues | Pipelines | Processing Plants

Aubrey McClendon Gets Back into the Midstream Business
June 19, 2014June 19, 2014

Is Aubrey McClendon getting the band back together again? That is, is he re-creating Chesapeake Energy under the name of American Energy Partners? Perhaps! Yesterday McClendon’s AEP announced that AEP and their major backer Energy & Minerals Group (EMG) are forming a midstream subsidiary called American Energy – Midstream which will invest in pipelines and processing plants in those regions where AEP has active drilling operations–namely the Utica and Marcellus Shale…
Read More “Aubrey McClendon Gets Back into the Midstream Business”
Energy Companies | Industrywide Issues | Pipelines | Processing Plants | Shell | Shell Midstream Partners

Shell Files IPO to Spin Off Midstream/Pipelines into MLP
June 19, 2014June 19, 2014

While Aubrey McClendon and his financial partner EMG are getting back into the midstream/pipeline business (see today’s story about getting the band back together), Royal Dutch Shell is getting out of the midstream business. Well, not exactly getting out–but Shell announced yesterday that the company has filed paperwork with the Securities and Exchange Commission to create a pipeline subsidiary called Shell Midstream Partners. The new company would have a master limited partnership (MLP) structure, which floats something akin to, but different from, shares of stock. They’re called units and the reason for spinning it out as a separate company under the MLP banner is tax-related. According to the paperwork Shell has filed, they anticipate raising up to $750 million in unit sales. Will Shell, via this new subsidiary, own any pipelines in the Marcellus/Utica?…
Read More “Shell Files IPO to Spin Off Midstream/Pipelines into MLP”