Marcellus & Utica Shale Story Links: Tue, Feb 28, 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: Tue, Feb 28, 2012”
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Anadarko | Chesapeake Energy | Chevron | CNX Resources | Coterra Energy (Cabot O&G) | Energy Companies | EQT Corp | Range Resources Corp | Seneca Resources | Shell | Talisman Energy
Pennsylvania’s Top 10 Marcellus Drillers in 2011
NOTE: The facts and figures below were cited from a Pittsburgh Tribune-Review article. MDN has been contacted by several of the drilling companies in the list to let us know the numbers in some cases are not at all accurate. MDN is attempting to verify now (Feb 28) and will correct these numbers as soon as the raw data can be further analyzed.
In 2011, Marcellus drilling expanded exponentially in Pennsylvania. According to the PA Department of Environmental Protection (DEP), companies drilled 2,755 Marcellus shale gas wells in Pennsylvania in 2011, up from 1,386 in 2010. That’s nearly a 200 percent increase (or doubling) in one year alone.Below are the top 10 Marcellus drillers in Pennsylvania ranked by amount of gas produced. Included are some other bits of information (PA figures only) to give you an idea of the size and scope of that company’s operation in the PA Marcellus. (mcf = thousand cubit feet)
Read More “Pennsylvania’s Top 10 Marcellus Drillers in 2011”
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Anschutz Exploration | Energy Companies | Hydraulic Fracturing | Industrywide Issues | Litigation | New York | Regulation | Tompkins County
Another Look at the Dryden Fracking Ban Court Decision
Last week, New York State Supreme Court Judge Phillip Rumsey ruled that the Town of Dryden has the right to ban gas drilling within its municipal borders (see this MDN story). As MDN pointed out, this is “round one” in the fight for landowner property rights. The Supreme Court in New York is only one step above county court. The Court of Appeals is the highest court in New York State.
Others have weighed in on the Dryden decision, including the Dryden Safe Energy Coalition (DSEC), a pro- but very much safe-drilling group headquartered in Dryden. From the DSEC press release following the decision:
Read More “Another Look at the Dryden Fracking Ban Court Decision”
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Energy Services | Enterprise Products Partners | Industrywide Issues | Kinder Morgan | Ohio | Pipelines | Regulation | Statewide OH
ATEX Express Ethane Pipeline Hits Potential Snag in Ohio
Enterprise Products Partners recently announced a 1,230 mile ethane pipeline from Pennsylvania to the Gulf Coast (see this MDN story). Dubbed the ATEX Express (Appalachia to Texas), the proposed pipeline includes building 353 miles of new pipeline through Ohio. But the Ohio stretch of construction has hit a potential snag.
Ohio Power Siting Board (OPSB) officials say Enterprise must get their approval before building it, but Enterprise disputes the OPSB has the authority to oversee construction the ATEX Express in the state. The dispute hinges on whether the natural gas liquid ethane that will flow through the pipeline is a liquid or a gas. Ethane under pressure is a liquid, but when it hits the air, it turns into a gas.
Read More “ATEX Express Ethane Pipeline Hits Potential Snag in Ohio”
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Shale Gas on the Western PA Hot Jobs List, Solar Not Hot
Which jobs are hot and which are not? That’s the question raised in a recent Pittsburgh Tribune-Review article. At number three on the “hot” list is the natural gas industry.
Read More “Shale Gas on the Western PA Hot Jobs List, Solar Not Hot”
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Penn State Study Finds No Crime Rate Increase in Drilling Counties
Those who oppose drilling try to make the case that crime rates soar when drilling comes to a community. They say those “out of towners” have a lot of time on their hands in the off hours, and they use it to drink hard and play hard, and that leads to all sorts of criminal mischief. But a new Penn State study finds no evidence that when shale gas drilling comes to town crime rates increase. The preliminary findings of the study, performed by the Justice Center for Research at Penn State, were released in January but only announced just last week (a copy of the preliminary report is embedded below).
Read More “Penn State Study Finds No Crime Rate Increase in Drilling Counties”
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Antero Allocates 79% of 2012 Drilling Budget to Marcellus
Antero Resources announced its 2012 capital budget today. Among the plans: 79 percent of the drilling budget is allocated to Marcellus Shale. Antero currently operates six drilling rigs in the Marcellus. They also announced today they are selling a portion of their Marcellus gathering pipeline system to Crestwood Holdings for $375 million in cash.
Read More “Antero Allocates 79% of 2012 Drilling Budget to Marcellus”
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Marcellus & Utica Shale Story Links: Mon, Feb 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: Mon, Feb 27, 2012”
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Chesapeake Lowers Production 1 BCF/D & Dry Gas Drilling 70%
Chesapeake Energy released fourth quarter 2011, and full year 2011 numbers on Tuesday. About one month ago Chesapeake announced they were curtailing 0.5 billion cubic feet (bcf) of gas production per day because of low commodity gas prices. At the time they threatened to up that number to 1.0 bcf. According to Tuesday’s announcement, they have made that adjustment. Chesapeake wants to save its gas to sell it when the prices go back up, and likely hopes that by taking a good amount of gas out of circulation, it will help drive up the historically low prices sooner rather than later.In addition to curtailing current production, Chesapeake also announced they will spend 70 percent less on drilling in dry gas areas this year from last year.
From the relevant portions of the Chesapeake press release:
Read More “Chesapeake Lowers Production 1 BCF/D & Dry Gas Drilling 70%”
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Hess to Lease OH City Landfill for Drilling – $5,400/Acre
Steubenville, Ohio is about to close a lease deal on a former city landfill. Hess has agreed to pay $5,400 per acre for a signing bonus on the 110 acre site, and 19 percent royalties.
Read More “Hess to Lease OH City Landfill for Drilling – $5,400/Acre”
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Chesapeake Energy | Economic Impact | Energy Companies | Industrywide Issues | Jefferson County (OH) | Ohio | Wastewater
Steubenville Selling 700K Gallons of Water/Day to Chesapeake
The city of Steubenville in Jefferson County, Ohio has struck a deal to sell Chesapeake Energy treated wastewater, untreated river water and potable water—700,000 gallons of it a day for five years.
Read More “Steubenville Selling 700K Gallons of Water/Day to Chesapeake”
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Rex Energy 2011 Review, Looks Ahead to 2012
Rex Energy, a prolific driller in the Marcellus Shale, reported its 2011 financial and operational results along with 2012 capital budget projects on Tuesday. In what has become a near unanimous refrain from drilling companies, Rex also says less drilling in the dry gas areas and more drilling in the natural gas liquids areas.
From the Rex press release:
Read More “Rex Energy 2011 Review, Looks Ahead to 2012”
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Marcellus & Utica Shale Story Links: Thu, Feb 23, 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, Feb 23, 2012”
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Anschutz Exploration | Energy Companies | Hydraulic Fracturing | Industrywide Issues | Litigation | New York | Regulation | Statewide NY | Tompkins County
NY Judge Rules Town of Dryden can Ban Shale Gas Drilling
Yesterday, Tompkins County (NY) Supreme Court Judge Phillip Rumsey handed anti-drillers a first, and likely short-lived, victory. He ruled that the Town of Dryden, located near Ithaca, has the right to ban shale gas drilling. As with many legal issues, this one is complicated, so let’s take a look at the case, Judge Rumsey’s decision, and what happens next.Read More “NY Judge Rules Town of Dryden can Ban Shale Gas Drilling”
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Range 2012 Capital Plan – More Marcellus Drilling Ahead
Range Resources released its 2012 capital budget and operating plans yesterday. Range announced that Marcellus drilling is full steam ahead, especially in the liquids-rich southwestern PA area. But they also announced they are reducing dry gas drilling to just 25 percent of the total capital budget. So, more drilling in southwest PA, less drilling in northeast PA.
Here are the relevant portions from the Range announcement that touch on the Marcellus Shale:
Read More “Range 2012 Capital Plan – More Marcellus Drilling Ahead”
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Coterra Energy (Cabot O&G) | Energy Companies | Energy Services | Industrywide Issues | Pennsylvania | Pipelines | Susquehanna County | Williams
Cabot O&G Partners with Williams on New Marcellus Pipeline
Cabot Oil & Gas is teaming up with Williams Partners to construct a new pipeline that will stretch from Cabot’s Marcellus gas wells in Susquehanna County, PA to Schoharie County, NY where it will connect to two interstate pipelines. The new pipeline will let Cabot sell its ever-increasing production of northeastern PA shale gas into more lucrative markets in New York and New England. The new pipeline is due to go online in March 2015.
Read More “Cabot O&G Partners with Williams on New Marcellus Pipeline”
In 2011, Marcellus drilling expanded exponentially in Pennsylvania. According to the PA Department of Environmental Protection (DEP), companies drilled 2,755 Marcellus shale gas wells in Pennsylvania in 2011, up from 1,386 in 2010. That’s nearly a 200 percent increase (or doubling) in one year alone.
Chesapeake Energy released fourth quarter 2011, and full year 2011 numbers on Tuesday. About one month ago Chesapeake announced they were curtailing 0.5 billion cubic feet (bcf) of gas production per day because of low commodity gas prices. At the time they threatened to up that number to 1.0 bcf. According to Tuesday’s announcement, they have made that adjustment. Chesapeake wants to save its gas to sell it when the prices go back up, and likely hopes that by taking a good amount of gas out of circulation, it will help drive up the historically low prices sooner rather than later.
Yesterday, Tompkins County (NY) Supreme Court Judge Phillip Rumsey handed anti-drillers a first, and likely short-lived, victory. He ruled that the Town of Dryden, located near Ithaca, has the right to ban shale gas drilling. As with many legal issues, this one is complicated, so let’s take a look at the case, Judge Rumsey’s decision, and what happens next.