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Chesapeake Investing in New 70-Mile Ohio Pipeline
Chesapeake Energy, American Electric Power and Spectra Energy are joining forces to build 70 miles of new pipeline in Ohio that will connect Utica and Marcellus gas wells in eastern Ohio to Spectra’s Texas Eastern pipeline system, which runs from Texas to New York. The new joint project is called the Ohio Pipeline Energy Network (OPEN). The estimated cost for the project is $500 million according to Spectra Energy.
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After a 3 1/2 hour public hearing and a short recess, Binghamton (NY) City Council last night convened in regular session to vote on several matters, including Local Law 11-7, a law “to effect a prohibition of natural gas and petroleum exploration and extraction activities, underground storage of natural gas, and disposal of natural gas or petroleum extraction, exploration and production wastes.” City Council members voted 6-1 in favor of the two-year ban on fracking, joining other cities around the state like Buffalo and Syracuse that have done the same.
New York Department of Environmental Conservation (DEC) Commissioner Joe Martens continues the delay and stall tactics he’s become known for on the issue of shale gas drilling in the state. The latest Martens delay came this week when he asked an outside consulting firm—Ecology & Environment—to take a closer look at costs fracking would create for local communities.
In a year-end “media gathering” with Ohio Gov. John Kasich, the governor recounted his administration’s accomplishments for his first 12 months in office, and then he turned his sights on 2012. At the top of his agenda for next year? Drilling in the Marcellus and Utica Shales.