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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One of the original seven selfish townships in Pennsylvania that sued the state over the Act 13 Marcellus Drilling law because of its zoning provisions–and won–has just become less selfish. In fact, the town, Robinson Township in Washington County, PA, has done a complete reversal. Two of the three anti-drilling supervisors were voted out of office last November. On their way out they tried to pull a fast one by passing super restrictive zoning (in December). Last night, the incoming two supervisors who are pro-drilling repealed the law and passed one of their own that’s favorable to the drilling industry. Below we take a look at Robinson’s complete reversal, which offers a fascinating preview into what’s coming to townships across New York State when Gov. Andrew “man child” Cuomo finally decides to make a decision to allow fracking…