Calendar of Events for May 13-26, 2013 [Free]
Below are upcoming events for this week and next.
Read More “Calendar of Events for May 13-26, 2013 [Free]”
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Hydraulic Fracturing | Industrywide Issues | Pennsylvania | Reserves (Proved and Unproved) | Statewide PA
Prof Terry Engelder: Marcellus Rock Star
Dr. Terry Engelder, geologist and professor at Penn State University, is one of two men who first calculated and publicized the enormous potential Read More “Prof Terry Engelder: Marcellus Rock Star”
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Marcellus & Utica Shale Story Links: Mon, May 13, 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, May 13, 2013”
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Anti-Drilling/Fossil Fuel | Broome County | Hydraulic Fracturing | Industrywide Issues | New York | Regulation | Statewide NY
Bloomberg Hit Piece on Pro-Fracking NY State Senator
Bloomberg news service has published a yellow journalism hit piece about NY State Senator Tom Libous (Republican from Binghamton) Read More “Bloomberg Hit Piece on Pro-Fracking NY State Senator” -
SRBC Tells Anti-Drillers “We’ll Stay in Our Lane” on Water Study
Unlike the Delaware River Basin Commission (DRBC), the Susquehanna River Basin Commission (SRBC) refuses to be pushed around by mouthy anti-drillers. Read More “SRBC Tells Anti-Drillers “We’ll Stay in Our Lane” on Water Study”
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DTE Energy | Enbridge | Energy Services | Industrywide Issues | Lorain County | Medina County | Ohio | Pipelines | Spectra Energy | Utica Shale
Nexus Pipeline May Also Run Through Lorain & Medina Counties, OH
The Nexus Gas Transmission line keeps popping up in the news. Read More “Nexus Pipeline May Also Run Through Lorain & Medina Counties, OH”
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Broome County | Energy Services | Industrywide Issues | Millennium Pipeline | New York | Pipelines | Statewide NY
The Irony: Millennium Pipeline Expanding in NY for More Shale Gas
The Millennium Pipeline, an interstate natural gas pipeline that spans most of New York State running from Corning to Rockland County, is expanding Read More “The Irony: Millennium Pipeline Expanding in NY for More Shale Gas”
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Chevron to Drill in Fayette County, PA – Seismic Testing First
Seismic testing is coming very soon “across Fayette County [PA]” by a company hired by Chevron as they prepare to drill. Read More “Chevron to Drill in Fayette County, PA – Seismic Testing First”
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Steubenville, OH Councilman Wants to Frack City Parks
In a move that is sure to bring both cheers of support and wails of protest, last week a councilman for the city of Steubenville, OH asked officials to consider leasing Read More “Steubenville, OH Councilman Wants to Frack City Parks”
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Some PA Towns Fail to File Impact Fee Paperwork with State
Sometimes the government has trouble filing paperwork for itself on time–we all know how that feels! Last year the state of Pennsylvania passed some of the most Read More “Some PA Towns Fail to File Impact Fee Paperwork with State”
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Marcellus & Utica Shale Story Links: Fri, May 10, 2013
The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading:
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Landowners: Watch Out for Old RR Easements – You May Owe Them $
Are you a landowner with an old, abandoned railroad bed running across your property? You might want to check your deed very closely, especially if you’ve signed a gas lease for “your” property.What you thought was your property may not be your property when it comes to large sums of lease and royalty payments, as some landowners in Susquehanna County, PA are learning the hard way…
Read More “Landowners: Watch Out for Old RR Easements – You May Owe Them $”
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Zeits Says Chesapeake Marcellus Land Deals Not a Fire Sale
MDN recently highlighted two deals by Chesapeake to sell Marcellus Shale acreage at what we consider fire sale prices–in one case $574 per acre (see Southwestern Energy Buys 162K PA Marcellus Acres from Chesapeake), and in a second case $606 per acre (see Chesapeake Fire Sale Continues – EQT Picks up 99K Acres in SW PA).
However, Seeking Alpha blogger and energy analyst Richard Zeits–someone whose opinion we respect–has a different take. He says when you analyze the deals closely, they aren’t as irrational as they may appear, and these deals are far from a “fire sale”…
Read More “Zeits Says Chesapeake Marcellus Land Deals Not a Fire Sale” -
Energy Companies | Industrywide Issues | Litigation | Pennsylvania | Range Resources Corp | Washington County
Cecil, PA Supervisors Want Better Relations with Range, but…
The schizophrenic behavior of Cecil, PA town supervisors… Earlier this week Cecil town supervisors voted to have a closed door meeting with Range Resources to assess the “relationship” between the company and the town (see When We Get Behind Closed Doors…Range Resources & Cecil Twp). It looked to MDN like perhaps, just perhaps, the supervisors were making an attempt to patch things up. Range has them in court, after all.
But maybe not. We now learn that at the same meeting, the same supervisors want to shut down a local Range water impoundment:
Read More “Cecil, PA Supervisors Want Better Relations with Range, but…” -
Crosstex Invests Another $25M in OH Midstream JV
In March, MDN told you about a new joint venture between Crosstex Energy and Enerven Compression Services to build new compressor stations and a condensate processing plant in the Ohio Utica Shale (see Crosstex Energy to Build New Compressors, Processing Plant in OH). At the time Crosstex said they had secured a $75 million line of credit and were investing $50 million of it in the jv. Scratch that. Yesterday Crosstex announced they’re investing another $25 million in the jv, so it looks to us like they’re using up the rest of their line of credit to do it.
The Crosstex announcement:
Read More “Crosstex Invests Another $25M in OH Midstream JV” -
CONSOL CEO: Company Transitioning to “More of a Gas Company”
We’re not sure this is exactly news because for months (years?) now MDN has told you that CONSOL Energy is on the way to transitioning from being one of the country’s largest coal producers to one of the country’s largest natural gas producers.
Yesterday, CONSOL’s CEO Brett Harvey wanted to make that point loud and clear to investors who attended a no-media-allowed annual shareholder’s meeting. In comments following the closed-door session, Harvey said, among other things, that the company will sell certain assets in order to fund more Marcellus and Utica Shale drilling:
Read More “CONSOL CEO: Company Transitioning to “More of a Gas Company””
