Marcellus & Utica Shale Story Links: Thu, Mar 29, 2012
The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading:
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BP’s Big Utica Shale Deal, Leases 84K Acres in Ohio
BP has entered the Utica Shale play by signing a lease agreement with with the Associated Landowners of the Ohio Valley (ALOV) group to lease 84,000 acres in Trumbull County, OH. Not sure why, but BP and the ALOV group officially are not disclosing the terms of the deal (as you’ll see in the press release below). However, terms have already leaked:Read More “BP’s Big Utica Shale Deal, Leases 84K Acres in Ohio”
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OOGA Comes Out Swinging Against Kasich Tax Proposal
The Ohio Oil and Gas Association (OOGA) issued a press release on Monday taking Ohio Gov. John Kasich to task for his proposal to slap a severance tax increase on the nascent Utica Shale drilling industry and use the proceeds to give taxpayers an income tax reduction. The new tax increase on drillers has been tentatively removed from budget discussions, but OOGA believes Kasich won’t let it rest and will likely try to resurrect it.
From the OOGA press release:
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Beaver County | Chesapeake Energy | Energy Companies | Industrywide Issues | Lease & Royalty Payments | Litigation | Pennsylvania
After 7 Years of No Drilling, PA Families Sue to End Contract
Seven Beaver County, PA families filed a lawsuit yesterday in Common Pleas Court accusing O&G Investments of Wooster, Ohio of not drilling on their land (and not paying them) for the past seven years. The lawsuit also names Chesapeake Energy, who purchased the leases from O&G last year and who now, “at the last minute,” is trying to tie up the land and continue the contract by moving in equipment to start a drill pad—even though they haven’t received any permits to drill.
Read More “After 7 Years of No Drilling, PA Families Sue to End Contract”
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Clean Harbors Environmental | Energy Services | Industrywide Issues | Landfills | Northumberland County | Pennsylvania
Marcellus Waste Processing Facility Planned for Sunbury, PA
Clean Harbors Environmental Services of Norwell, Mass. has applied for a permit to build a “waste processing facility” in Sunbury (Northumberland County), PA. The facility will accept up to 1,000 tons of Marcellus Shale drill cuttings, drilling mud and other materials per day. Although the waste is not toxic, some local officials are concerned and upset that the state DEP alone will make a decision about whether or not to approve the permit (Sunbury has no say in the matter). Sunbury mayor David Persing supports the new facility.
Read More “Marcellus Waste Processing Facility Planned for Sunbury, PA”
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Energy Services | Industrywide Issues | MarkWest Energy | Monroe County | Noble County | Ohio | Processing Plants
Change in Location for MarkWest Processing Plant in Ohio
A new natural gas processing plant to be built by MarkWest Energy was supposed to be built in Monroe County, Ohio, but the geography has now shifted west and the plant will be built in neighboring Noble County, Ohio instead.
Read More “Change in Location for MarkWest Processing Plant in Ohio”
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Private Investors Aim Their Money at Pipelines/Midstream
Pipelines and the “midstream” are the next big investment opportunities for investors—so says an article by Bloomberg.
A quick primer on the oil and gas business. Drilling for oil and gas, often referred to as exploration and production (or E&P) is what is usually called “upstream.” The term “midstream” refers to the pipelines, compressor stations and processing plants that move and refine oil and gas. “Downstream” is the distribution and marketing of oil and gas to end customers. There’s some blurring of those lines; for example, big oil refineries are usually considered downstream. But you get the idea.
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Fracking’s Existential Threat to Green Energy
Check out an excellent column today by Paul Driessen on the TownHall.com website. Paul is a senior policy adviser for the Committee For A Constructive Tomorrow (CFACT), and a senior policy adviser to the Congress of Racial Equality. He’s also author of Eco-Imperialism: Green Power – Black Death.
In today’s column, Paul makes the point that the Sierra Club and other so-called environmental groups oppose clean-burning natural gas and shale drilling because it’s a threat to their alternative-energy-nirvana ideology (something MDN has long pointed out). The column starts this way:
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Marcellus & Utica Shale Story Links: Wed, Mar 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: Wed, Mar 28, 2012”
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Wells Fargo Study: 60% of New PA Jobs from Gas Drilling
Wells Fargo Securities economists recently issued a report on the effects of Marcellus Shale drilling on Pennsylvania jobs (a copy of the 12-page report is embedded below). The report offers both an optimistic and pessimistic forecast of job growth, along with what they believe to be a realistic forecast. And all of their numbers are backed up with plenty of commentary so the reader understands why they predict what they predict. The bottom line?Read More “Wells Fargo Study: 60% of New PA Jobs from Gas Drilling”
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Beaver County | Energy Companies | Industrywide Issues | Pennsylvania | Processing Plants | Regulation | Shell
Shell’s ‘Silent’ Partner in Building Cracker Plant: The EPA
Shell will decide whether or not to build an ethane cracker plant in Beaver County, PA over the next two years (see this MDN story). If they decide to build, which seems likely, it will take between four and 10 years and $3 billion to build it. It’s a massive project. And Shell will have the federal Environmental Protection Agency looking over their shoulder the whole time, according to an EPA rep from Texas:
Read More “Shell’s ‘Silent’ Partner in Building Cracker Plant: The EPA”
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NY Anti-Fracking Groups Join Forces
Sensing that Gov. Andrew Cuomo may be close to moving forward with issuing permits for shale gas drilling, anti-drilling groups are joining forces in New York State to form a coalition called New Yorkers Against Fracking. Movie star Mark Ruffalo, who plays Bruce Banner (the Hulk) in the upcoming movie The Avengers, is on board with the effort. (Those who support drilling may want to consider bypassing The Avengers to send a message to Mr. Ruffalo and Hollywood.)
Read More “NY Anti-Fracking Groups Join Forces”
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Maryland House Votes to Tax Non-Existent Shale Drilling
From the “things that amuse us from Maryland” file: The Maryland House of Delegates passed a vote on a severance tax on shale gas drilling in the state. They generously reduced the original proposal from a 15 percent tax down to 7.5 percent. Thing is, there is no shale gas drilling in the state and there won’t be until 2014 at the earliest when a report commissioned by Gov. Martin O’Malley is due. And it’s a big “if” as to whether or not Maryland will ever allow drilling. The House seems awfully eager to tax something they haven’t even decided they will allow.
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Marcellus Revitalizes PA Company 150 Miles from Nearest Well
PA State Senator Tim Solobay, a Democrat serving western PA’s 46th district, made the following report about the “broad-reaching economic impact” of Marcellus shale drilling and it’s power to revitalize businesses in the state:
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Federal Judge Upholds Water Ban in Allegheny National Forest
In a lawsuit to allow active drilling in the Allegheny National Forest (ANF) in Pennsylvania, a federal judge ruled last Friday that the U.S. Forest Service does not have to end a ban they imposed on drillers who want to use surface water from the ANF for hydraulic fracturing. Drillers have argued that the Forest Service’s actions in banning water withdrawals from the ANF, and in delaying signoff on new drilling permits, have in essence stopped drilling in the ANF—a de facto ban. For a background on the long-running dispute, see this MDN story from last November.
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Number of NatGas Drilling Rigs Continues Slow Decline in PA
The number of gas drilling rigs continues a slow decline in Pennsylvania as companies reallocate those rigs to Ohio and to areas in the country where shale oil drilling is expanding.
Read More “Number of NatGas Drilling Rigs Continues Slow Decline in PA”
BP has entered the Utica Shale play by signing a lease agreement with with the Associated Landowners of the Ohio Valley (ALOV) group to lease 84,000 acres in Trumbull County, OH. Not sure why, but BP and the ALOV group officially are not disclosing the terms of the deal (as you’ll see in the press release below). However, terms have already leaked:
Wells Fargo Securities economists recently issued a report on the effects of Marcellus Shale drilling on Pennsylvania jobs (a copy of the 12-page report is embedded below). The report offers both an optimistic and pessimistic forecast of job growth, along with what they believe to be a realistic forecast. And all of their numbers are backed up with plenty of commentary so the reader understands why they predict what they predict. The bottom line?