Daily Archives: May 5, 2017

Blocking Pipelines Destroys Jobs and Raises Energy Prices

Institute for Energy Research …. ….   A Chamber of Commerce study confirms the northeast states fighting against pipelines are losing good-paying jobs and paying extremely high energy prices. In a new report, the Chamber of Commerce quantified the economic and job losses arising from limiting natural gas infrastructure development in the U.S. Northeast where…

Union Leader: Pipelines Are “Asset to Region”

Private investment in U.S. energy infrastructure can create more than 1 million new American jobs by 2035, according to an ICF report released this week. The study, conducted for the American Petroleum Institute, finds that natural gas development will continue to drive significant energy infrastructure investments – and related jobs – for a “prolonged period…

Birmingham company makes huge Marcellus Shale acquisition

A Birmingham-based energy company recently acquired a large portfolio of Marcellus oil and gas wells in Pennsylvania and West Virginia. According to our sister publication in Pittsburgh, Titan Energy – which entered the Marcellus Shale with the acquisition of Atlas Resource Partners LP’ assets last year- sold roughly 8,400 conventional and Marcellus oil and gas…

Great Scott! Eclipse Drills New Longest Lateral in World – in Utica

Eclipse Resources, a Marcellus/Utica pure play driller headquartered in State College, PA that drills mostly in Ohio, has done it again. Yesterday as part of Eclipse’s first quarter 2017 update, the company announced it has broken its own record for drilling the longest land-based lateral well in the world by drilling a Utica well with…

2nd NEPA County Attracting Business with Locally Produced Gas

MDN has spotted what we believe is a rather ingenious trend in Northeastern Pennsylvania. One of the ongoing “problems” with drilling in gas-rich, rural counties like Susquehanna and Wyoming counties is that the gas gets extracted–and promptly exported out of the region via pipelines. Locals don’t have the option of tapping in to the cheap,…

PA Protesters Protest Outside Mtg to Discuss Handling Protesters

This one has us spitting nails. We have reported, for months, about the activities of so-called protesters against Williams’ $3 billion Atlantic Sunrise Pipeline project. In particular, there is a group in Lancaster County, PA opposing the pipeline creatively called Lancaster Against Pipelines (LAP). Some of their members previously attended and participated in protests against…

Is New PA AG Shapiro Targeting Marcellus Industry like Kane Did?

We have some chilling and disturbing news to share with our fiends in the Marcellus industry in Pennsylvania. When Kathleen Kane, the now removed-from-office, former Attorney General of PA, took office in 2013, we speculated (based on her previous statements) whether or not she would target the drilling industry (see Will New PA AG Go…

Chesapeake 1Q17 – Swings to Profit, Interest in Selling Marcellus?

Chesapeake Energy released its first quarter 2017 update yesterday. Chesapeake, the second largest natural gas producer in the United States, has its fingers in a lot of shale pies. But two of the key pies is the Marcellus and Utica. What does yesterday’s update tell us about Chessy’s involvement in the northeast? Utica production was…

Dominion 1Q17 – Updates on Cove Point, Atlantic Coast Pipe & More

Yesterday midstream and utility giant Dominion issued its first quarter 2017 update. Along with the update Dominion held an earnings call. On that call we learned new information about both the Atlantic Coast Pipeline (ACP) project, Dominion’s Cove Point LNG export project, and a plethora of other projects, including natgas-fired power plants and more pipelines…

Congress Considers Expanding FERC Authority to Fix Pipe Approvals

The U.S. The House of Representatives’ Committee on Energy and Commerce held a hearing on Wednesday to hear testimony on a proposed plan to grant the Federal Energy Regulatory Commission (FERC) more authority to speed up the pipeline approval process. Up for discuss is an amendment to the Natural Gas Act to grant FERC more…

Getting More Gas & Oil from Shale – Important New Research

Did you know that even with our super-productive fracking methods, we still only pull out an estimated 5% of oil found in shale, and an estimated 20% of natural gas? That’s abysmal! Can’t we do better? Indeed, perhaps we can. Shale oil and gas is locked up in teeny tiny pores in shale rock–very small…

Marcellus & Utica Shale Story Links: Fri, May 5, 2017

The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading. In today’s lineup: Shell nears completion of tree planting around cracker site; WV gas tax revenue on the increase; federal oil and gas leases can boost government revenue; nuclear and petroleum battle over subsidies; the future for Phillips 66 is…

Titan Energy to sell off Pennsylvania, West Virginia assets

Titan Energy, which entered the Marcellus Shale with the acquisition of Atlas Resource Partners LP’ assets last year, is selling its wells in Pennsylvania and West Virginia for $84.2 million. The buyer is Diversified Gas & Oil PLC (AIM: DGOC), an existing natural gas and oil production company in the Appalachian basin that is based…

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