Daily Archives: April 28, 2017

Pennsylvania Leads Nation in Natural Gas Production Growth

Following a record-breaking year for Pennsylvania natural gas production, the federal government reported this week that Pennsylvania and Ohio led the nation in natural gas production growth last year. As the Energy Information Administration reports, Pennsylvania maintained its spot as the nation’s second-highest natural gas producing state, bolstered by “higher production from the Utica and…

Colo. Anti Advocates Murdering Fracking Workers

It’s finally come to this. There is one anti-fossil fueler who sent a letter to the editor of a Colorado newspaper–the Boulder Daily Camera–that says antis “have a moral responsibility to blow up wells and eliminate fracking and workers.” In a followup interview, the same anti said, “I wouldn’t have a problem with a sniper…

Chesapeake Deducts from Current Royalty Check for Old Loss in PA

Truly maddening. A Pennsylvania farming family has had to put up with Chesapeake Energy’s lame justifications for not paying them a dime in royalties over the past two years, even though Chesapeake continues to extract gas from their property. Chesapeake claims that since 2015, their costs to extract/sell gas from Russ Forba’s land exceeded any…

OH Law Would Bailout Nuke Plants for $5.4B, Kill NatGas Plants

In January, MDN highlighted a developing issue in Ohio that potentially impacts Utica/Marcellus shale in the region (see OH Power Cos. Try to Stop Gas-Fired Plants with “Re-Regulation”). Three large utility companies–FirstEnergy, American Electric Power, and Dayton Power and Light–are behind an effort to re-regulate the electric power generation industry in Ohio. The electricity industry…

Sunoco Logistics Partners Ceases to Exist as of Today

As of today, the nameplate on the door that says “Sunoco Logistics Partners” is getting changed to “Energy Transfer Partners” (ETP). On paper (and for investors) Sunoco LP & ETP have been different companies, but functionally both companies have co-existed under the Energy Transfer Equity (ETE) umbrella for years–essentially as different divisions of the same…

Range Resources 1Q17: Production Soars 40%, 1st Profit in 2 Yrs

Range Resources, one of the most prolific producers in southwestern Pennsylvania, reported its first quarter of profit in two years. Range swung from a loss of $94 million in 1Q16 to a profit of $170 million in 1Q17. After two years of cutting its capital expenditure spending, Range is once again increasing capex. This year,…

EQT 1Q17: Production Up 6%, Revenue Up 2,829%

EQT, one of the biggest drillers in the Marcellus/Utica, had quite a ride in 2016. A good ride! In the last 10 months EQT has added 220,000 acres to its Marcellus/Utica portfolio–by buying large tracts from other companies. One of the deals included buying the other company (Trans Energy) lock, stock and barrel (see EQT…

Rex Energy 1Q17: Production Drops 8.5%

As they have in previous quarters, Rex Energy released only part of their first quarter 2017 update earlier this week. Rex released an operation update on Monday, but elected to not release (yet) a financial update. Rex has struggled. They are a smaller driller focused mainly on the Marcellus/Utica–headquartered in State College, PA. In 2016,…

Marcellus & Utica Shale Story Links: Fri, Apr 28, 2017

The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading. In today’s lineup: Gas-focused E&Ps double down on spending in the Marcellus/Utica; Mountain Valley Pipeline plans moving forward, FERC approval due by June 23; is northeast natgas market no longer pipeline constrained?; FERC wants more info from Cove Point LNG;…

Environmental Justice? Give Me A Break!

Jim Willis Editor & Publisher, Marcellus Drilling News (MDN) … …  Environmental justice is a twisted concept; twisted to give radicals opportunities to bash economic development that would improve the lives of the poor! Last December, the Pennsylvania Department of Environmental Protection (DEP) said it would go on a “listening tour” in early 2017, to focus on…

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