Marcellus Drilling News

Industrywide Issues | Research

It’s Working: Iraq Fails to Spike US Oil/Gas Price Thx to Shale
June 24, 2014June 24, 2014

Used to be if there was unrest or the threat of renewed civil war in the perpetually war-torn country of Iraq, or somewhere else in the Middle East (like Syria), oil and gas prices would soar in the U.S. based on the potential threat of a supply disruption. Increasingly that is no longer true. Take the latest Iraq unrest. Oil prices are going up–a little, but not much. Why? Because of shale. The analysts at Deloitte recently published their “2014 Oil and Gas Reality Check” report (full copy embedded below). What does it say? Over the next 5-6 years surging shale oil and natural gas production in the United States will “cut deeply” into OPEC’s influence on the global price of oil and gas…
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BP | Energy Companies | Industrywide Issues | Research

BP Annual World Energy Report Shows Natgas Growth in US
June 24, 2014June 24, 2014

Last week BP released their 63rd annual BP Statistical Review of World Energy report (full copy embedded below). Many of the “majors” like BP and Exxon publish an annual look at world energy supplies. What do the wizards at BP find when peering into their crystal ball? Last year worldwide energy usage rose 2.3%, which is up from 2012. However, it’s still below the historical average increase of 2.5%. Translation: the world economy still sucks with fewer jobs and economic activity happening. Natural gas consumption grew by 1.4% last year, well below the historical average of 2.6%. But there was one place in the world where gas consumption rose–yep, right here at home in the U.S. consumption rose by 2.4%. China and the U.S. together accounted for 81% of the growth in natgas consumption last year. What else did the report find?…
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Industrywide Issues | Jobs

New Marcellus Jobs Site Helps Job Seekers & Employers
June 24, 2014June 24, 2014

MDN is happy to highlight a new Marcellus jobs website. The brand new MarcellusShaleJobs.com website recently launched and is looking for job listings by employers and corporate recruiters, and job seekers. According to their announcement, the new site brings job opportunities in all segments of the oil and gas industry in the Appalachian Basin–that is, the Marcellus and Utica Shale plays. Post your resume, and search available jobs listed on the site. So far there’s only a single job listing–but it’s a doozy. The job is for a completions engineer in the Pittsburgh area–beginning salary $100K per year…
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Best of the Rest

Marcellus & Utica Shale Story Links: Tue, Jun 24, 2014
June 24, 2014June 24, 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: Tue, Jun 24, 2014”
Industrywide Issues | Pennsylvania | Statewide PA | Taxation

3 PA Drilling Assoc. Warn Politicans: Don’t Pass Severance Tax
June 23, 2014June 23, 2014

With Pennsylvania Republicans starting to get weak knees on the issue of a potential sky high severance tax on top of already-high corporate state income taxes, PA’s three big shale drilling industry groups have sent a letter to key state politicians warning them (in flowery language) that if they pass a severance tax, drillers WILL shift their rigs and drilling to Ohio and West Virginia. The letter (copy embedded below) tells House Speaker Sam Smith and Senate President Pro Tempore Joe Scarnati and nine other legislators, with a copy of the letter also going to Gov. Corbett, PA better think twice and thrice before passing a severance tax…
Read More “3 PA Drilling Assoc. Warn Politicans: Don’t Pass Severance Tax”
Industrywide Issues | Pennsylvania | Statewide PA | Taxation

PA Gov. Corbett’s Re-election in Doubt if Severance Tax Passes
June 23, 2014June 23, 2014

Let’s speak very plainly. If Republican Gov. Tom Corbett signs a budget with a new high tax aimed at the drilling industry–he’s political toast. He will not win re-election and his political career will be over. Unfortunately it seems he is listening to the RINOs around him and his resolve is wavering. Don’t do it Tom. Don’t listen to them. The future of your state and this country is at stake…
Read More “PA Gov. Corbett’s Re-election in Doubt if Severance Tax Passes”
Economic Impact | Electrical Generation | Industrywide Issues | Luzerne County | Pennsylvania

Scranton Newspapers “Me Too” Articles on Moxie Energy Power Plant
June 23, 2014June 23, 2014

It’s not often that MDN “breaks news” as in we bring you the story first. But sometimes we do, as we did last Friday when we told you that Moxie Energy is in the hunt for a third Marcellus gas-fired electric generating plant project–this one in Luzerne County (see Moxie Energy in Hunt for Third Marcellus-Powered Electric Plant?). We spotted a very brief mention from a local Wilkes-Barre TV station and sketched out the story for you, providing the background and detail–connecting the dots no one else noticed. So it gives us great pleasure to point out that after we broke the story, both the Scranton Times-Tribune and the Wilkes-Barre Times Leader then picked it up…
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Blue Ridge Mtn Res/Magnum Hunter | EdgeMarc Energy | Energy Companies | Ohio | Utica Shale | Washington County (OH)

Magnum Hunter JV Deal with EdgeMarc to Drill 1,080 Acres in OH
June 23, 2014June 23, 2014

This morning Magnum Hunter Resources announced a new, small joint venture with EdgeMarc (EM Energy Ohio) to drill on and under 1,080 acres of Marcellus/Utica property in Washington County, OH. This is the third such smallish jv between Magnum Hunter and other companies to drill in either the Marcellus or Utica Shale…
Read More “Magnum Hunter JV Deal with EdgeMarc to Drill 1,080 Acres in OH”
Carrizo Oil & Gas | Energy Companies | Guernsey County | Ohio | Utica Shale

Carrizo Begins Drilling 2nd Utica Well – in Guernsey County, OH
June 23, 2014June 23, 2014

Last week the Pennsylvania Dept. of Environment Protection slapped Carrizo Oil & Gas with a $192K fine (see PA DEP Fines Carrizo $192K for 2 Incidents in Wyoming County). Totally unrelated, but perhaps timed to soften that blow, Carrizo (the day before) released an update to say their spudder rig has arrived on site in Guernsey County, OH where the company will begin drilling its second Utica Shale well “shortly”…
Read More “Carrizo Begins Drilling 2nd Utica Well – in Guernsey County, OH”
Accidents | Energy Companies | Industrywide Issues | Morgan County | Ohio | PDC Energy | Utica Shale

Bubblin’ Oil at Site of PDC Well Blowout in Morgan County, OH?
June 23, 2014June 23, 2014

An update to a story we’ve tracked since early May. PDC Energy had begun drilling several Utica wells in Morgan County, OH when one of the wells had an accident and spilled drilling mud on the drill pad, overflowing off the pad (see PDC Accident: Drilling Mud Spills into Creek in Morgan County, OH). A quick investigation determined that the blowout preventer failed (see Blowout Preventer Failed at Morgan County, OH Utica Well Site). We have an update on that well and two other wells located on the same pad…
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Crime | Housing | Industrialization | Industrywide Issues | Noble County | Ohio | Washington County (OH)

OH Newspaper’s Sloppy Reporting on Drilling Workers/Problems
June 23, 2014June 23, 2014

Local newspapers in drilling towns should know better, but sometimes reporters are either snookered, or they have an anti-drilling bent. We’re not sure which it is for The Marietta Times (Washington County, OH), but a recent article uses a so-called research report from the anti-drilling FracTracker that says when drilling comes to town so too does an increase in crime. And on that particular false premise the reporter hangs an entire article full of anecdotes and innuendo. Shame on The Marietta Times…
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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…
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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…
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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…
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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”