Daily Archives: May 8, 2017

Titan Energy Sells Marcellus Assets, Buyer Rapidly Expanding

In February, MDN told you that Titan Energy, which used to be known as Atlas Energy/Resource Partners, was listing what appeared to be the rest of the acreage they still own on the Appalachian basin–some 494,229 acres–including rights for drilling in the Marcellus (see Titan Energy Puts 494K Appalachian Acres Up for Sale). On Friday,…

PDC Energy Pulling Out of the Utica – Selling Acreage & Wells

PDC Energy, a driller in the Wattenberg Field in Colorado and the Utica in Ohio, paused their Utica drilling program in 2015 (see PDC Energy Pushes Pause Button on OH Utica Drilling for 2015). In December 2015, the company announced they would restart Utica drilling in 2016 with plans to drill five wells (see PDC…

NFG Update – Getting “Lousy Treatment” in NY, Threatens to Leave

National Fuel Gas Company (NFG), headquartered in Western New York State, is making noises (threats) that Gov. Andrew Cuomo should be very concerned about. NFG covers the full span of the oil and gas business–from upstream (with its wholly-owned drilling subsidiary Seneca Resources), to the midstream (with wholly-owned subsidiary Empire Pipeline) to downstream (NFG’s natural…

Rex Energy Offers 1-for-10 Stock Split, Updated 2-Yr Plan

Two announcements from Rex Energy, one from Thursday and one from Friday, show the company is working hard to reassure investors that the company once again has momentum and that it’s safe to buy the company’s stock. On Thursday, Rex–a driller focused mainly on the Marcellus/Utica (headquartered in State College, PA)–released an updated two-year operational…

Ohio DNR Issues New Pooling Guidelines for Drillers

Last week the Ohio Dept. of Natural Resources (ODNR) issued updated guidelines for “statutory unitization applications” (full copy below). That is, when a driller wants to form a unit for drilling by combining adjacent properties, the driller must first request permission from the ODNR to form a unit. In Ohio, a unit can be formed…

TransCanada Sells Iroquois Pipeline to Itself, Part of $765M Deal

Last week TransCanada announced they are “selling” their interest in the Iroquois Gas Transmission pipeline and a second pipeline, Portland Natural Gas Transmission System (PNGTS), to a subsidiary of TransCanada for $765 million. Every now and again big energy companies transfer some of their assets to different subsidiary companies, on paper. We say “on paper”…

Baker Hughes April Rig Count – M-U Highest in 12 Months

The International (non-U.S.) Baker Hughes rig count for April 2017 was 956, up 13 from the 943 counted in March 2017, and up 10 from the 946 counted in April 2016. However, the U.S. rig count for April 2017 was 853, up 64 from the 789 counted in March 2017, and up 416 from the…

Energy Transfer 1Q17 – Updates on Rover, Mariner East 2 Pipelines

Last week Energy Transfer Partners (ETP), the main operating division of Energy Transfer Equity (ETE), released its first quarter 2017 financial and operating update. ETP is the company that built the Dakota Access Pipeline, which was finally completed after Obama was ejected from office–and is right now building the Rover Pipeline. Another division of ETE…

PA Landowner Threatens to Go Up a Tree (Again) to Stop Pipeline

Elise Gerhart has been up a tree before. You may recall our story about Elise, daughter of a Huntingdon County, PA landowner, radicalized by Big Green groups (as evidenced by her association with well known protesters previously arrested), who took to a tree on her mom’s property in order to illegally stop crews working on…

Calendar of Marcellus/Utica Events for May 8 – Aug 7

Events related (or of interest) to the Marcellus and Utica Shale, primarily pro-drilling events. To have your event included (or if you are aware of a worthy event you believe should be on this page), please send the details and/or a link to have it included to the calendar@marcellusdrilling.com email address. Thank you! New York May…

Marcellus & Utica Shale Story Links: Mon, May 8, 2017

The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading. In today’s lineup: How Delaware Riverkeeper funders live (like kings); Tokyo Gas invests in U.S. shale player Castleton Resources; anti-pipeliners harming the environment they profess to protect; how much natgas comes from fracking?; Pruitt recuses himself from several lawsuits against…

New EPA Study Indicates Agency Is Greatly Exaggerating Methane Emissions

A new U.S. Environmental Protection Agency (EPA) study released last week indicates the agency may be greatly exaggerating oil and natural gas system methane emissions. By using a combination of extractive air sampling and remote optical gas imaging (OGI) tools to analyze 80 pneumatic control systems across eight well pads, the study found oil and…

5 things to know in Texas energy this week

May has been a month of new starts and narrowing portfolios for Texas energy companies so far. Swift Energy has changed its name and found its way onto the New York Stock Exchange, while Noble Energy is selling upward of a billion dollars in Marcellus upstream assets, and Flotek sold off its drilling technologies business….

Shale Gas News – May 6, 2017

Bill desRosiers External Affairs Coordinator, Cabot Oil & Gas   The Shale Gas News, heard every Saturday at 10 AM on 94.3 FM and 1510 AM, talked about severance tax, offshore drilling, Southwest Energy and much more last week. Every Saturday Rusty Fender and I host a morning radio show to discuss all things natural gas….

Today’s Fractivists Are Yesterday’s Gaslight Opponents

Tom Reynolds Co-Founder of Dryden Safe Energy Coalition   … … The more things change, the more they’re the same. When it comes to things like gaslight opposition then and fracking now, there’s always been naysayers. It’s amazing how little changes with respect to human nature. We can easily this in retrospect. It provides us…

© 2014 RenewaNews