Daily Archives: June 6, 2017

Are Pennsylvania’s Form Letter Legislators Fractivist Tools?

Tom Shepstone Shepstone Management Company, Inc.     Ten of Pennsylvania’s legislators have gotten so used to fractivist form letters they’ve decided to become form letter fractivist tools themselves it seems. A little research supplied by one of our readers yielded some interesting insights into what some of Pennsylvania legislators do in Harrisburg. Apparently, these…

Patterson-UTI Rig Count Continues to Rocket Skyward – 159 in May

As we do every month (and have for two years), MDN tracks how many rigs oilfield services company Patterson-UTI Energy reports operating–as a proxy for rig count health in the Marcellus/Utica. In April the Patterson rig count rocketed to 115, up an amazing 27 rigs in a single month–the biggest jump we’ve seen (see Patterson-UTI…

Rover Pipeline Helps OH Short Line Railroad Expand

For some reason we’ve always loved stories about how shale energy has revitalized the short line railroad industry. Maybe it’s from some deep-seated psychological connection of playing Monopoly as a child and loving to own the railroads on the board–including the Short Line. Who knows? We’ve just stumbled across another such shale energy story connected…

Baker Hughes, GE Release Roster of Coming Management Changes

Yesterday MDN provided an update about the fast-approaching merger/buyout of Baker Hughes by GE Oil & Gas (see Europe Approves GE Takeover of Baker Hughes, Co Gets a New Name). We noted that it appears the new company, when launched, will have a new name: Bear Newco. However, would GE (and Baker Hughes) throw away…

As Deadline for Mountain Valley Pipe Final EIS Nears, Antis Squirm

Local anti-drilling reporters in Virginia are breathlessly hyping the fact that the Federal Energy Regulatory Commission (FERC) is set to issue a final environmental impact statement (EIS) on June 23 for the Mountain Valley Pipeline (MVP), a $3.5 billion, 301-mile pipeline that will run from Wetzel County, WV to the Transco Pipeline in Pittsylvania County,…

Antis Ask Army Corps of Engrs to Yank Rover Pipeline Blanket Approval

Several radical environmental groups, including the Sierra Club, Michigan Residents Against the ET Rover Pipeline, and the Ohio-based nutters at FreshWater Accountability Project filed an official request with the U.S. Army Corps of Engineers to pull the Corps’ issuance of a “blanket” approval for the Rover Pipeline to use underground horizontal directional drilling (HDD) and…

Ridgetop Energy Services Buys Keystone Wireline Inc.

You know those Russian nesting dolls, which are called matryoshka dolls, where you open one and inside you see another? And you open that and inside is yet another? And on it goes four or five times. That’s how we felt when digging into this story. The news is that Ridgetop Energy Services, headquartered near…

Williams Swaps $1.4B of Old Debt for New Debt, Lowers Interest Rate

As we have noticed with many upstream (drilling) and midstream (pipeline) companies over the years, these companies often float new IOUs (or “notes”) to pay off old IOUs. Midstream giant Williams is one of the latest to do so. Last Wednesday, May 31, Williams announced they would float $1.45 billion in new notes, due payable…

Is Virginia Governor Race a ‘Referendum on Pipelines’?

Will Virginia in the south become what New York is in the north: a block to Marcellus/Utica gas leaving the region? Perhaps. At least, that’s what radical environmentalists are hoping is what happens. On June 13 Virginia will hold a primary. We recently wrote about its importance (see Fate of 2 Important Pipelines May Rest…

Sleazy: Former EPA Head Gina McCarthy Joins Pegasus Capital

One of the things we admired about Donald Trump and his candidacy was his pledge that members of his administration would agree to a lifetime ban against lobbying for foreign powers, and a five-year ban on lobbying for American companies after leaving their jobs. It’s about time we cleaned up the sleaze in Washington–the revolving…

Queensland Fracking Lesson: Renewables Depend on Natural Gas

Tom Shepstone Shepstone Management Company, Inc.     Queensland, Australia has, albeit belatedly, learned renewables cannot advance without clean baseload electric generation from natural gas; fracking that is. Down under, there is a lesson taking place on how to do renewables successfully. It’s taking place in the state of Queensland, Australia where, yesterday, Reuters reported this from…

FERC halts pipeline progress in Ohio, W.Va.

The Federal Energy Regulatory Commission rejected Energy Transfers’ request to resumes horizontal drilling. The post FERC halts pipeline progress in Ohio, W.Va. appeared first on Shale Gas Reporter. Continue Reading: Shale Gas Reporter

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