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Marcellus Drilling News
  • Economic Impact | Industrywide Issues | Pennsylvania | Statewide PA

    PA Gov. Corbett: Other Countries Interested in PA Shale Gas

    June 17, 2013June 17, 2013

    According to a speech delivered by  PA Gov. Tom Corbett at the Franklin Institute on Friday, foreign businesses in both South America and Germany are very interested in cheap, abundant, clean natural gas being produced by the Marcellus Shale in Pennsylvania. Of primary interest to them: Where’s PA headed with its shale gas program?

    Of course, Corbett’s speech also attracted the obligatory small group of anti-fossil fuel nutters…
    Read More “PA Gov. Corbett: Other Countries Interested in PA Shale Gas”

  • About MDN | Calendar

    Calendar of Events for Jun 17-30, 2013 [Free]

    June 17, 2013June 17, 2013

    Below are upcoming events for this week and next.
    Read More “Calendar of Events for Jun 17-30, 2013 [Free]”

  • Best of the Rest

    Marcellus & Utica Shale Story Links: Mon, Jun 17, 2013

    June 17, 2013June 17, 2013

    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 17, 2013”

  • Delaware County | Hydraulic Fracturing | Industrywide Issues | Litigation | New York | Regulation

    Exclusive: Sidney, NY Sued by Landowners over Fracking Moratorium

    June 14, 2013June 14, 2013

    exclusiveThree town board members in the Town of Sidney (Delaware County), NY should be concerned–very concerned. They voted February 13th to enact a one-year moratorium against shale drilling and fracking. Two other board members voted against the moratorium, so it passed. Now, all residents of the Town of Sidney will have to shuck out more money in taxes to defend that vote–on Wednesday they were sued by a group of local landowners whose property rights have been violated by the ban.

    The worrisome part for Sidney is who is doing the suing on behalf of the landowers–Hinman, Howard & Kattell (HHK)–the same law firm that successfully sued Binghamton over their moratorium. Binghamton’s moratorium was found illegal and tossed last year (see NY Judge Throws Out Binghamton Fracking Moratorium). Below is a summary of the lawsuit against Sidney, as provided to MDN by HHK:

    Read More “Exclusive: Sidney, NY Sued by Landowners over Fracking Moratorium”

  • Hydraulic Fracturing | Industrywide Issues | Litigation | New York | Regulation | Statewide NY | Tompkins County

    Dryden Files Request with NY Highest Court to Not Consider Appeal

    June 14, 2013June 14, 2013

    Although New York Gov. Andrew Cuomo has dithered for more than a year on whether or not to allow fracking–and continues his equivocation–there is a much more important drama unfolding that will ultimately, in our opinion, determine whether or not New York will ever see meaningful shale drilling. The more important issue is now in the courts. Specifically, it revolves around whether or not New York’s highest court, the Court of Appeals, will hear a pair of cases from towns that have banned drilling.

    A few weeks ago we told you about the appeals from a landowner near Cooperstown (Middlefield) and from Norse Energy (Dryden) asking the Court of Appeals to hear the case and overturn the town bans. The Town of Dryden has now sent their own request to the Court of Appeals–asking them to not consider the case…
    Read More “Dryden Files Request with NY Highest Court to Not Consider Appeal”

  • Antero Resources | Energy Companies

    Antero Resources Files Paperwork for IPO, Hopes to Raise $1B

    June 14, 2013June 14, 2013

    A little over a month ago MDN told you the rumor that Antero Resources, a private drilling company headquartered in Denver, CO with major drilling operations in the Marcellus Shale (311,000 acres) and the Utica Shale (92,000 acres) would go public this year (see Rumor Has It: Antero Resources Will Go Public This Year). Looks like the rumor was right.

    Yesterday, Antero filed paperwork with the Securities & Exchange Commission to float an initial public offering (IPO) sometime this year. Antero’s announcement (see below) does not list the number of shares nor the price they hope to get, although Reuters is reporting the company hopes to raise up to $1 billion with the IPO…
    Read More “Antero Resources Files Paperwork for IPO, Hopes to Raise $1B”

  • Industrywide Issues | Pennsylvania | Statewide PA | Taxation

    PA Impact Fee Disbursements by County/Town for 2012

    June 14, 2013June 14, 2013

    This is the second year that Pennsylvania, under its new Act 13 law, has collected and will disperse an impact fee. In 2012 (based on 2011 drilling activity), the state collected and dispersed $204 million (see List of PA Impact Fee Disbursements by County/Town). This year, in 2013, the state has collected and will soon disperse $202 million based on 2012 drilling activity. (See the list of drillers and what they paid below, along with the list of municipalities and what they will receive, also embedded below.)

    While the politicians and various organizations slap themselves on the back at how wonderful this is, we will remind you that 40% of the “fee” collected is a tax, not a fee–because it goes to municipalities that have zero drilling and thus zero impacts from drilling (it’s supposed to be an “impact” fee!). Why do they get money? It’s the sleazy political price to be paid for passing the Act 13 law. Payola. Shake down. Call it what you will. Example: Philadelphia gets $1.29 million of the $202 million collected this year for doing precisely nothing except putting their hands out–they get more than most counties with drilling. It’s the same for suburbia counties around Philly: Bucks – $524,925; Chester – $421,961; Delaware – $468,518; Montgomery – $673,442.
    Read More “PA Impact Fee Disbursements by County/Town for 2012”

  • Chesapeake Energy | Energy Companies | Ohio | Pennsylvania | Statewide OH | Statewide PA | Statewide WV | West Virginia

    Rig Counts (and Profits) in the Marcellus/Utica

    June 14, 2013June 14, 2013

    An interesting article in yesterday’s Wheeling News-Register (below) takes a look at rig counts in the Marcellus/Utica region, noting the big increase in rigs drilling in Ohio while the number of rigs in West Virginia has remained the same or gone down slightly, and the number of rigs in Pennsylvania has decreased rather dramatically. The article also gives us a look at how much money, on average, Chesapeake Energy makes per day per well in both dry and wet gas areas. Very useful information.

    MDN has inserted a Baker Huges rig count chart at the bottom showing the number of rotary drilling rigs by state (PA, OH, WV) for the past 12 months (taken from the Marcellus and Utica Shale Databook):
    Read More “Rig Counts (and Profits) in the Marcellus/Utica”

  • Anti-Drilling/Fossil Fuel | Industrywide Issues | New York | Statewide NY

    Willie Nelson & Farm Aid Concerts Go Anti-Drilling

    June 14, 2013June 14, 2013

    We guess we’ve always known that country music superstar Willie Nelson tilts to the liberal spectrum when it comes to politics (but dang, we like his music!). One of the things Willie has done over the years, to his credit, is promote family farms. He’s raised a boatload of money from his “Farm Aid” concerts to benefit family farms. Unfortunately, Willie has allowed his liberal buddies to convince him that fracking is bad, and now that misinformed philosophy has sadly co-opted the Farm Aid events.

    Willie is coming to upstate New York in September for another Farm Aid concert. His message? Buy locally grown/produced food, and ban shale drilling. We recommend you pass by supporting Willie, his music, and Farm Aid events…
    Read More “Willie Nelson & Farm Aid Concerts Go Anti-Drilling”

  • Economic Impact | Industrywide Issues | Pennsylvania | Statewide PA

    Marcellus Bumps Off other Resource Plays, Like Powder River Basin

    June 14, 2013June 14, 2013

    Canadian company Enerflex is shutting down a natural gas compression and processing plant in Casper, WY and laying off dozens of workers. Why? No business. They say it’s no longer economical to get natural gas from coal-bed methane (CBM) in Wyoming’s Powder River Basin when it’s so darned cheap to get natural gas from places like the Marcellus Shale:
    Read More “Marcellus Bumps Off other Resource Plays, Like Powder River Basin”

  • Industrywide Issues | Maryland | New York | Ohio | Pennsylvania | Research | Statewide MD | Statewide NY | Statewide OH | Statewide PA | Statewide WV | West Virginia

    Boundaries of the Utica and Marcellus Shale (Maps)

    June 13, 2013June 13, 2013

    cool stuffA brief post on the RealClearEnergy website presents what at first glance seems glaringly obvious to us: Most of the Marcellus Shale is underlain by the Utica Shale. But on second thought, perhaps it’s not so obvious to many people.

    MDN has remind ourselves that new readers are accessing this site all the time–sometimes learning about the Marcellus and Utica Shale for the first time. So in the spirit of “refresher course” for some, and “here’s how it works” for others, below is that brief post, along with an excellent map. We’ve also included, for the first time ever, a series of maps from Vol. 2 of the 2012 Marcellus and Utica Shale Databook that show the boundaries for both the Marcellus and Utica Shale on state maps (PA, OH, WV, NY, MD) with counties identified on the maps (this is really cool stuff folks!)…
    Read More “Boundaries of the Utica and Marcellus Shale (Maps)”

  • Anti-Drilling/Fossil Fuel | Herkimer County | Hydraulic Fracturing | Industrywide Issues | New York | Regulation

    Manheim Latest NY Town to Pass Illegal Fracking Moratorium

    June 13, 2013June 13, 2013

    Yet another New York town has foolishly voted to extend a moratorium on drilling. Why foolish? A judge threw out a similar moratorium in Binghamton, NY last year (see NY Judge Throws Out Binghamton Fracking Moratorium). Depending on the language used and general circumstances, moratoriums in New York are illegal. Outright bans, for now, are still legal–although a pair of cases is (hopefully) headed to the state’s highest court which may overturn the right of towns to ban fracking (i.e. stop them from stripping away the rights of property owners).

    The latest NY town to pass a moratorium and announce to the world it’s closed for business is Manheim (Herkimer County), NY. Note to Manheim taxpayers: Get ready to open your wallets to defend an expensive lawsuit…
    Read More “Manheim Latest NY Town to Pass Illegal Fracking Moratorium”

  • Anti-Drilling/Fossil Fuel | Energy Services | Industrywide Issues | Kinder Morgan | Pennsylvania | Research | Statewide PA

    Heinz Endowments President Owns $1.2M in Kinder Morgan Stock

    June 13, 2013June 13, 2013

    The innocent-sounding Public Accountability Initiative (PAI), whose stated mission is “investigating power and corruption at the heights of business and government,” delights in “outing” connections between individuals and/or organizations and what they consider the dirty, nasty fossil fuel industry. Yet PAI refuses to admit that they themselves are funded (and corrupted) by George Soros, convicted insider trader and financier of a myriad of leftist causes (see Soros-backed PAI Makes University of Texas Look Foolish).

    PAI is back with another sham report. But this one has a somewhat startling revelation: One of the primary individuals behind the Center for Sustainable Shale Development (CSSD), Heinz Endowments president Robert F. Vagt, has “undisclosed ties” to the natural gas industry…
    Read More “Heinz Endowments President Owns $1.2M in Kinder Morgan Stock”

  • Anti-Drilling/Fossil Fuel | Berkeley County | Hydraulic Fracturing | Industrywide Issues | Statewide WV | West Virginia

    Intelligence to be Sacrificed at WV Stop the Kaboom Festival

    June 13, 2013June 13, 2013

    The crazies are at it again. Radical anti-fossil fuel activists, calling fracking “extreme resource extraction” that is “destroying the planet,” are organizing a hippie-fest in Hedgesville (Berkeley County), WV this Friday through Sunday to raise money to agitate against fossil fuels–the very same fossil fuels the people organizing and attending use every day of their lives. The so-called “Stop the Kaboom Music and Arts Festival” (bring your own pot) is now in its third year and hopes to be bigger and better than ever…
    Read More “Intelligence to be Sacrificed at WV Stop the Kaboom Festival”

  • Century Midstream | Energy Services

    New Midstream Company – Coming to Marcellus/Utica?

    June 13, 2013June 13, 2013

    Will a new Houston, TX-based midstream (pipelines & processing plants) company enter the Marcellus/Utica region soon? Maybe. Yesterday, Century Midstream LLC formally launched, formed by a seasoned team of midstream executives and backed by the deep pockets of investment firm First Reserve. Some of the executive team most recently worked on projects in the Marcellus/Utica, leading to our speculation that this new company may well be getting ready to enter the region…
    Read More “New Midstream Company – Coming to Marcellus/Utica?”

  • Anadarko | ConocoPhillips | Coterra Energy (Cabot O&G) | Energy Companies | Talisman Energy

    Will Investor Pressure Force Some Drillers to Split Company?

    June 13, 2013June 13, 2013

    Are we about to see large oil and gas companies begin to split U.S. and foreign operations? An interesting theory is put forth in an article on the Investors Business Daily website that a plan by Occidental Petroleum to split its U.S. and foreign businesses may lead to other oil companies doing the same. Why? Investors want to drive up the per-share price of the companies, and by shedding more risky, less profitable international operations, they may be able to do it.

    What caught MDN’s eye about the article is that the author uses Cabot Oil & Gas as an example of how a small domestic David-type company’s stock price can run rings around a much larger Goliath-type. MDN pointed this out in early March when we noted that Cabot’s market capitalization soared past Chesapeake Energy, a company at least 10 times the size of Cabot (see Guest Post: Corporate Hubris Humbles Chesapeake – Cabot Soars Sure & Steady). Also of interest is that the article names several large multi-nationals with drilling operations in the Marcellus/Utica (ConocoPhillips, Anadarko Petroleum and Talisman Energy) as being pressured to consider splitting their companies…
    Read More “Will Investor Pressure Force Some Drillers to Split Company?”

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