Marcellus & Utica Shale Story Links: Fri, Apr 27, 2012
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: Fri, Apr 27, 2012”
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EPA Region 6 Administrator: Crucify Energy Companies
Lest you think MDN is a bit off the reservation when it comes to criticisms of the federal Environmental Protection Agency (EPA), you might want to read about EPA Region 6 administrator Al Armendariz in an expose by Forbes magazine. Region 6 oversees Texas and surrounding states. Armendariz, a former professor at Southern Methodist University and appointed by President Obama in November 2009 to be Region 6 administrator, is caught on tape talking about his philosophy of “enforcement” and how to target oil and gas companies. He compares his approach to enforcement to how the Romans used to enter a village, find the first five men they could find and crucify them on the spot so the other villagers would be compliant. (See the embedded video below.)Read More “EPA Region 6 Administrator: Crucify Energy Companies”
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Range Resources Slide Deck: Complete with Cool Maps
As part of Range Resource’s first quarter financial and operational update they released a PowerPoint presentation. With a theme of “inflection point,” Range lays out the case for why they believe double-digit growth is ahead for the company in the coming years. As MDN reviewed the slide deck, we found a number of slides we think you might like to view, so we’ve embedded the slide deck below and call your attention to the following slides:
Read More “Range Resources Slide Deck: Complete with Cool Maps”
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Maryland Shale Commission Wants More Time for Study
The
Laurel & HardyMaryland Marcellus Shale Advisory Commission wants more time to complete a study to determine whether or not it’s safe to do hydraulic fracturing in the pristine state of Maryland. Anyone surprised?Read More “Maryland Shale Commission Wants More Time for Study”
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Range Resources Reports 1Q12 Results
Range Resources released their first quarter results yesterday. As is usually the case, the press release they issued (below, in its entirety) is dense with facts and figures and financial terms. Who wants to read all of it?! (That’s why you read MDN!) Yet there is important information contained in it. MDN will “bottom line” it first, and then we’ll highlight those sections which would be of most interest to landowners—people who either have signed with Range and want to know what they’re up to, or those who have not yet signed and want to know if Range is the kind of company they should sign with.
Read More “Range Resources Reports 1Q12 Results”
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CNG Filling Stations Coming to South Central PA
A story about two new compressed natural gas (CNG) filling stations planned for Adams and York counties in Pennsylvania gives us a glimpse at the beginning of something big—a massive conversion away from gasoline and to CNG vehicles.
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No O&G Severance Tax Hike in Ohio This Year
It looks like a severance tax hike for drillers in Ohio won’t happen this year. Yesterday, the Ohio House passed a “sweeping package of spending and policy initiatives” from Ohio Gov. John Kasich. The one thing not among the package? Kasich’s proposal to hike the severance tax for Utica Shale oil and gas drillers.
Read More “No O&G Severance Tax Hike in Ohio This Year”
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Marcellus & Utica Shale Story Links: Thu, Apr 26, 2012
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: Thu, Apr 26, 2012”
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Report from England Links Fracking to Earthquakes
Does fracking cause earthquakes? A newly released report from England reportedly confirms a link between hydraulic fracturing of a shale gas well and earthquake activity. And this is not an injection well, but a standard, hydraulically fractured natural gas well. A copy of the report is embedded below. MDN will walk you through the background, what really happened—and why it happened. This is “the rest of the story” you won’t get anywhere else.Read More “Report from England Links Fracking to Earthquakes”
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Ohio Utica Shale Map Creates a Big Buzz
The Ohio Department of Natural Resources (ODNR) recently released an updated map showing their best guess as to where the best prospects are for Utica Shale drilling in the state (a copy of the map is embedded below). And boy oh boy, is that map creating a buzz! Some residents are excited that their property may now become highly desirable to be leased for drilling, and other residents are discouraged that their properties, once thought desirable, may be less so now.
Read More “Ohio Utica Shale Map Creates a Big Buzz”
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Trumbull County, OH to Get First Utica Shale Well in June
Utica Shale drilling is coming in June to Trumbull County, Ohio. CNX Gas, a wholly-owned subsidiary of CONSOL Energy, just received a permit to drill its first well in the county.
Read More “Trumbull County, OH to Get First Utica Shale Well in June”
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Jamestown Post-Journal Poll on Fracking Support in NY
The Jamestown, NY Post-Journal is currently running a poll of its readership with the question: Would you support hydrofracking in New York state? MDN voted (in the affirmative of course), and here were the results as of this morning:
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Marcellus & Utica Shale Story Links: Wed, Apr 25, 2012
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: Wed, Apr 25, 2012”
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Bumpy Road Continues for Chesapeake Energy
An update of the ongoing story about Chesapeake Energy and the disclosure that CEO Aubrey McClendon’s has borrowed over $1 billion to help cover drilling costs. Chesapeake’s stock has taken a hit, down 25 percent this month, heading for what may be its worst monthly performance since the global financial crisis in 2008 when the company’s stock ultimately slide 38 percent in a single month.Energy analysts are at best nervous about the current situation:
Read More “Bumpy Road Continues for Chesapeake Energy”
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PennFuture Releases “Plain Language Guide” to PA Act 13
Anti-drilling group PennFuture yesterday released their spin on Pennsylvania’s new Marcellus drilling law called Act 13. Calling it a “Plain Language Guide,” PennFuture takes aim at trying to dismantle the new law by first undermining people’s opinion of the law, and second by threatening to use their considerable $2 million per year war chest to throw at litigation against the new law. A summary of the main points in their new guide is embedded below. A full copy is available at their website by filling out a form (clever marketing to get your personal details for future fundraising appeals).
Here’s the PennFuture press release announcing the Plain Language Guide:
Read More “PennFuture Releases “Plain Language Guide” to PA Act 13”
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Sierra Club Files Protest Against LNG Export Facility
Once upon a time, the Sierra Club supported natural gas as one of the best clean alternative forms of energy. But politics got in the way of common sense and now the Sierra Club trash talks natural gas a “dirty fossil fuel”. Such are the vagaries of the energy debate. The Sierra Club’s latest natural gas objection is to building a liquefied natural gas (LNG) export facility in Louisiana, a facility just approved by the Federal Energy Regulatory Commission (FERC). The Sierra Club filed an official objection (embedded below) with the Department of Energy calling on them to extend their studies of fracking before allowing the facility to be built.
Read More “Sierra Club Files Protest Against LNG Export Facility”
Lest you think MDN is a bit off the reservation when it comes to criticisms of the federal Environmental Protection Agency (EPA), you might want to read about EPA Region 6 administrator Al Armendariz in an expose by Forbes magazine. Region 6 oversees Texas and surrounding states. Armendariz, a former professor at Southern Methodist University and appointed by President Obama in November 2009 to be Region 6 administrator, is caught on tape talking about his philosophy of “enforcement” and how to target oil and gas companies. He compares his approach to enforcement to how the Romans used to enter a village, find the first five men they could find and crucify them on the spot so the other villagers would be compliant. (See the embedded video below.)
Does fracking cause earthquakes? A newly released report from England reportedly confirms a link between hydraulic fracturing of a shale gas well and earthquake activity. And this is not an injection well, but a standard, hydraulically fractured natural gas well. A copy of the report is embedded below. MDN will walk you through the background, what really happened—and why it happened. This is “the rest of the story” you won’t get anywhere else.
An update of the ongoing story about Chesapeake Energy and the disclosure that CEO Aubrey McClendon’s has borrowed over $1 billion to help cover drilling costs. Chesapeake’s stock has taken a hit, down 25 percent this month, heading for what may be its worst monthly performance since the global financial crisis in 2008 when the company’s stock ultimately slide 38 percent in a single month.