Daily Archives: May 2, 2017

Noble selling Marcellus Shale assets for $1.12B

One of the region’s and state’s biggest natural gas drillers is pulling out of the Marcellus Shale, announcing Tuesday the pending sale of its entire portfolio of natural gas production in southwestern Pennsylvania and West Virginia for $1.2 billion. Noble Energy Inc. (NYSE: NBL) confirmed it would sell all of its assets to an undisclosed…

PA Democrats Spout Lame Reasons to Support Severance Tax @ Hearing

It seems no matter how many times we calmly, rationally, factually respond to and refute the intellectual dishonesty around the issue of a severance tax in Pennsylvania, PA Democrats pop up to make the same already-refuted, debunked lies they spew, again and again. They must be of the opinion that if you repeat the same…

New Waterless Frack Company Uses Rocket Fuel! Gets $3M Investment

Over the years MDN has covered waterless fracking technologies. Every now and again a waterless technology comes along as the next, great White Knight in Shining Armor that will sleigh all of the concerns by nutty anti-drillers. Never happens. The waterless fracking tech companies we’ve watched with interest, like GASFRAC, went belly up (see our…

Rex Energy Gets a New $300M Loan to Help Fund M-U Drilling

Yesterday Rex Energy, a driller focused mainly on the Marcellus/Utica (headquartered in State College, PA), signed paperwork for a new $300 million loan–due to be paid back by April 2021. Rex immediately withdrew $144 million from the loan, to pay back other loans it owed. When all is said and done with paying back this…

Big Pittsburgh Foundation Funds Education for Shale Industry

Seems like every time we talk about Big Money foundations, those foundations (which are tax exempt) are far-left in philosophy and when they fund anything to do with the environment or education or business, it’s always with strings attached that said activity will have an anti-drilling bias. Need money for a new “study” to bash…

Environmentalist Argues Against Subsidies for Solar & Wind in Ohio

Michael Shellenberger is an American author, environmental policy expert, cofounder of the Breakthrough Institute and president of Environmental Progress. He was named a Time magazine Heroes of the Environment in 2008. He lives in San Francisco and is a big-time, lefty, lib, environmentalist wacko. But, he’s also an honest big-time, lefty, lib, environmentalist wacko. And…

Williams CEO Alan Armstrong Goes On the Record in PA

Williams CEO Alan Armstrong, whom corporate raiders like Keith “Mini-Me” Meister tried to oust (unsuccessfully), recently made a visit to Pennsylvania. As part of that visit, he sat down for an interview in Harrisburg with the Central Penn Business Journal. During the interview, Armstrong talked about shale gas, PA regulation, and the $3 billion Atlantic…

Atlantic Sunrise Pipeline Spreads $326,800 of Love in 11 PA Counties

Fire departments, schools, parks and townships are some of the 44 Pennsylvania organizations in 11 counties that will receive $326,800 in funding *this spring* from Williams–through its bi-annual community grant program. Grants up to $10,000 per organization are being awarded by Williams in communities where the proposed Atlantic Sunrise pipeline project will be constructed and…

And Then There was One – Another FERC Commissioner Resigns

Just last week MDN highlighted the urgent need for more commissioners to be appointed by President Trump to the Federal Energy Regulatory Commission (see Dear President Trump: FERC Needs a Quorum. NOW.). FERC is the agency that, among other things, reviews and approves interstate oil and gas pipeline projects. A full commission has five members….

Marcellus & Utica Shale Story Links: Tue, May 2, 2017

The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading. In today’s lineup: Vector Pipeline preps for Rover connection; Dominion set for Cove Point LNG pipeline maintenance; Mass. AG cuddles with McKibben; study says selling US LNG abroad will create 136K jobs here at home; pipeline companies push back on…

Houston energy co. sells Marcellus assets for more than $1B

Houston-based Noble Energy Inc. is selling all of its upstream assets in northern West Virginia and southern Pennsylvania to an undisclosed buyer. The deal, valued at more than $1.2 billion, includes upfront cash of more than $1.12 billion and contingent payments totaling $100 million for the assets in the Marcellus area, according to a release….

Flying Solo: The Uncivil Story of How Fracking Opposition Arises

Tom Shepstone Shepstone Management Company, Inc.   Fracking opposition is largely financed by the gentry class and other special interests. No better example exists than the Civil Society Institute. The following is an updated version of a story we did here three years ago on this phony outfit. It sometimes has the appearance of a…

In Just Over a Year, American LNG Reaches Europe Via Poland

K.J. Rodgers Crownsville, Maryland   …. ….  In just under a year, American LNG has reached new markets near and far. Now, we are in Europe by the way of Poland through an historic deal.  One year doesn’t seem to be a very long time. A year comes and goes quickly for most of us as…

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