Marcellus & Utica Shale Story Links: Wed, Aug 13, 2014
The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading:
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CNG/LNG | Energy Services | Exporting | Industrywide Issues | Pipelines | Processing Plants | Spectra Energy
List of LNG Export Projects for Marcellus/Utica Shale Gas
Would it surprise you to learn that there are now six potential liquefied natural gas (LNG) projects on the books or under serious consideration for the East Coast that aim to use at least some Marcellus Shale gas for export? Would it astound you (as it did us) that five of the six are Canadian and not U.S. projects? And would it further astound you (although it did not surprise us) that the reason five of the six are in Canada is because of the extreme regulatory delays in getting such projects authorized in the U.S. intentionally thrown up by the Obama administration? Below is a list of all six East Coast LNG export projects that are being talked about, plus Gulf Coast and other LNG plants we’re aware of that will be fed, in part, with Marcellus Shale gas…
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Utica Shale Impressive Debut in EIA Drilling Productivity Report
Yesterday the Utica Shale came roaring in as the newest member play of the U.S. Energy Information Administration’s (EIA) monthly Drilling Productivity Report (DPR). As we’ve often remarked in the past, the DPR is our favorite report from our favorite government agency–the EIA. Yesterday marked the first appearance of the Utica/Point Pleasant in the monthly DPR and wow, what an entrance! The Utica is already producing nearly as much natural gas as the Bakken Shale, although it produces just a tiny fraction of the oil produced in the Bakken. However, the Utica, producing an average 37,000 barrels of oil per day has nearly caught the oil production of the Marcellus, at 50,000 barrels per day. And when you consider new production (first 30 days a well goes online), the Utica far outstrips the Marcellus, Haynesville and even the Permian for oil production! It shows the enormous importance of the Utica in the constellation of U.S. onshore plays. Below is the full DPR…
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MarkWest a “Prime Buyout Candidate” for Kinder Morgan?!
Richard Kinder, CEO and chairman of the board at Kinder Morgan Energy Partners, is a man on the prowl. Kinder Morgan (KM), for those not familiar, is this country’s largest midstream (pipeline and processing plant) company–and by market capitalization, the fourth largest energy company in the U.S. KM has increasingly aimed its sights at the Marcellus/Utica region, including an expansion of its Tenneessee Gas Pipeline across the state of Massachusetts (see Kinder Signs up New Customers for MA Pipeline, 63% of Capacity). Richard Kinder, the man in charge, has been consolidating the different divisions and units and subsidiaries of the company and now has billions to go shopping. What’s he looking for? To purchase “rival pipeline operators,” including the biggest and best in the Marcellus/Utica…
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Bradford County | Energy Companies | Industrywide Issues | Pennsylvania | Regulation | Southwestern Energy
Southwestern Fined $128K in PA for Drilling with Expired Permits
One of the biggest drillers in the Pennsylvania Marcellus Shale is Southwestern Energy (based in Houston, TX). In fact, according to MDN’s own 2014 Marcellus and Utica Shale Databook, Vol. 1, there are only two other companies with more permits to drill wells in PA over the past year: Chesapeake Energy and Range Resources. So you may consider Southwestern one of the “big 3” in the Marcellus. Southwestern has just been fined $128,031 for drilling wells after permits to drill those wells was expired. Southwestern drilled five wells in Bradford County, PA after the permits issued for those wells had expired. Such permits expire after one year of being issued. Southwestern went ahead and drilled anywhere from 4 to 18 months after expiration…
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Rice Energy 2Q14: Marcellus Prod Up 84%, Utica Bigfoot Blockbuster
Rice Energy, a small but rapidly growing and important driller in the Utica and Marcellus, issued their second quarter financial and operational update yesterday. Rice reports gas production for 2Q14 averaged 241 million cubic feet per day (virtually all of it from their Marcellus wells)–up 84% from the same period last year. Rice has drilled perhaps the most productive well in the Utica Shale–the Bigfoot 9H, a 6,950 foot lateral with 40 frac stages located in Belmont County, OH. Rice says the Bigfoot well has so far produced a total of 676 million cubic feet of natgas and continues to flow at a restricted rate of 14 MMcf/d. Truly impressive numbers. Here’s more impressive numbers from Rice…
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NJ Gov. Christie Vetoes Frack Waste Ban 2nd Time
Two years ago, New Jersey Gov. Chris Christie (Republican) vetoed a bill given to him by the NJ Democrat legislature that would ban the treatment and disposal of frack wastewater in NJ–presumably coming from Pennsylvania (see NJ Gov. Christie Vetoes Frack Wastewater Ban Bill). That didn’t stop ardent anti-drillers and wackos from organizations like the Sierra Club and the odious Food & Water Watch from trying again. They did, using their reliable (and dimwitted) allies in the NJ legislature. A second bill was passed by both the Senate (S1041) and Assembly (A2108). The bill went to Christie’s desk and we pondered whether or not Christie would stick to his principles (see Will NJ Gov Christie Veto Frack Wastewater Ban a 2nd Time?). The good news is that Christie has stuck to his principles and last Friday he vetoed this latest anti-drilling snow job…
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Post-Gazette Does About Face on Story Critical of CSSD
Does MDN owe the Pittsburgh Post-Gazette an apology? We’re not quite ready to go that far, but something we saw in yesterday’s edition sat us right down, we will admit that. Lately the PPG has been running decidedly anti-drilling, anti-Marcellus articles. The most recent was an article last week essentially regurgitating the baseless, false charges made by the shadowy, nefarious “Public Accountability Initiative” (see PPG article Watchdog group faults center for links to oil and gas industry). We called out the PAI’s bogus report in an article yesterday (see PAI Says 3rd Enviro Group – PennFuture – Abandoned CSSD). Later yesterday, in a surprise of all surprises, the editorial board published their opinion that PAI’s so-called report is a “sloppy screed.” Whoa! What happened in the cubicles at the PPG? This is truly an about face for them–completely discrediting their own reporter’s article from the week before…
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Marcellus & Utica Shale Story Links: Tue, Aug 12, 2014
The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading:
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Anti-Drilling/Fossil Fuel | Hydraulic Fracturing | Industrywide Issues | Pennsylvania | Statewide PA
PAI Says 3rd Enviro Group – PennFuture – Abandoned CSSD
The shadowy (we’d call it sinister) “non-profit” anti-drilling organization called the Public Accountability Initiative (PAI) released a “report” last week targeting the Center for Sustainable Shale Development (CSSD) once again, claiming it’s a front group for the shale drilling industry. The PAI was previously responsible for closing a new shale research institute at University at Buffalo (see Univ at Buffalo President Shuts Down (Censors) Shale Institute) and for giving researchers at the University of Texas a black eye in mainstream media (see Soros-backed PAI Makes University of Texas Look Foolish). The very same PAI, with ties to billionaire lefty George Soros, tried to assassinate the CSSD last year. It didn’t work–not fully. So they’re back to try and finish the job…
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MarkWest 2Q14: 5 Major New Projects Go Online, More Coming
We’re still catching up on all of the second quarter 2014 reports recently issued. The largest and arguably most important midstream (pipelines and processing plants) company to update last week is MarkWest Energy. MarkWest has super busy in 2Q14. Highlights include: placing into service five major infrastructure projects, which include two processing plants with 320 MMcf/d of capacity in the Marcellus Shale, a 200 MMcf/d processing plant in the Utica Shale, 20,000 barrels per day of ethane and heavier fractionation in the Marcellus Shale, and a 40,000 barrels per day de-ethanization facility in the Utica Shale. Whew! On top of that, they also announced seven new infrastructure projects that will add 720 million cubic feet per day of processing capacity and 110,000 barrels per day of fractionation capacity. Here’s the busy beaver report from MarkWest…
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Gastar 2Q14: Liquids 48% of Production, 72% of Revenue
Last week Gastar Exploration, an important driller in the Marcellus and Utica Shale, reported their second quarter 2014 operations and financial update. Among the important highlights: nearly half (48%) of Gastar’s production is now liquids (oil, condensate and NGLs). That 48% of production brought in 72% of Gastar’s revenue–the more liquids, the higher the profit. Also, Gastar fracked its first Utica Shale well in 2Q14. Below is the quarterly update followed by an interesting transcript of the analyst call from Gastar’s CEO Russell Porter…
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Gastar Adds 2 New Independent Directors to Board
Gastar Exploration, a major driller in the Marcellus/Utica, has added two new independent directors to its board of directors–bumping the number of directors from five to seven. “Independent” means what it sounds like–no prior affiliation or agenda other than to help the company grow and expand. Often times board directors are populated with major investors or, unfortunately, corporate raiders like acolytes of Carl Icahn who infest the board at Chesapeake Energy. The two new board members at Gastar have no such agendas: one is the previous Chairman of the Department of Petroleum Engineering at Texas A&M, and the other is a petroleum engineer with 30 years of experience. Just the kind of people you want to have guiding the management team at one of the most important drillers in the Marcellus/Utica…
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Stone Energy Drills 1st Utica Well in 2Q14
Stone Energy released its second quarter financial and operational update last week. Among the highlights: the company drilled its first Utica Shale test well. The company also drilled 9 new Marcellus wells and completed 18 more Marcellus wells. Here’s a few selected portions of the Stone update from last week:
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Access Midstream Partners | Cardinal Gas Services | Energy Companies | Energy Services | EnerVest | EV Energy Partners | Industrywide Issues | M&A | Pipelines | Total | Utica Shale
Cardinal Gas Courts S Koreans to Invest in Utica JV
Cardinal Gas Services is a midstream company (pipelines and processing plants) concentrating on the Ohio Utica Shale. Cardinal is actually a joint venture between Access Midstream (formerly Chesapeake Midstream, now being bought by Williams), the U.S. subsidiary of French driller Total, and EnerVest Energy Partners. Just when you thought it couldn’t get any more complicated, it does. Reuters is reporting the rumor that a new consortium including South Korea’s National Pension Service (NPS) and South Korean gas seller E1 Corp are making a play for 34% of Cardinal…
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Anti-Drilling/Fossil Fuel | Industrywide Issues | Pennsylvania | Regulation | Research | Statewide PA
Earthworks Attacks PA DEP, Post-Gazette Gives Them Helpful Hand
The increasingly anti-drilling Pittsburgh Post-Gazette (PPG) has once again written an article that is woefully lacking. MDN has written numerous times about the Earthworks, an virulent anti-drilling and anti-fossil fuel organization. Based in Washington, D.C., Earthworks hasn’t met a molecule of carbon they like–perhaps to the point of self-loathing the carbon in their own bodies (the human body is made up of 18.5% carbon). On the “heels” of a sham report by Pennsylvania’s anti-drilling auditor general, Eugene DePasquale (see Anti-Drilling PA Auditor General Criticizes DEP in “Report”), the PPG continues to slam the sterling job done by the men and women at the state’s Dept. of Environmental Protection (DEP) by quoting from a “study” issued last week by Earthworks…
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Would it surprise you to learn that there are now six potential liquefied natural gas (LNG) projects on the books or under serious consideration for the East Coast that aim to use at least some Marcellus Shale gas for export? Would it astound you (as it did us) that five of the six are Canadian and not U.S. projects? And would it further astound you (although it did not surprise us) that the reason five of the six are in Canada is because of the extreme regulatory delays in getting such projects authorized in the U.S. intentionally thrown up by the Obama administration? Below is a list of all six East Coast LNG export projects that are being talked about, plus Gulf Coast and other LNG plants we’re aware of that will be fed, in part, with Marcellus Shale gas…
The shadowy (we’d call it sinister) “non-profit” anti-drilling organization called the Public Accountability Initiative (PAI) released a “report” last week targeting the Center for Sustainable Shale Development (CSSD) once again, claiming it’s a front group for the shale drilling industry. The PAI was previously responsible for closing a new shale research institute at University at Buffalo (see