Daily Archives: July 5, 2017

CEGEN Delivers Green Energy And It Involves Natural Gas!

Douglas Berkley Noise Solutions, Technical Sales & Solutions … … CEGEN Green Energy System is creating clean, affordable power for natural gas compression stations using nothing more than airflow from a cooling fan. Sometimes an idea come along and makes you think “why didn’t I think of that?” So simple in its workings that you are…

Proxy Fight: Jana Partners, Atlas Tries to Stop EQT/Rice Deal

So-called “activist investor” (i.e. corporate raider) Jana Partners, in league with the Cohen family (Atlas Energy) has started a proxy fight and is trying to block EQT’s takover/merger with Rice Energy. Jana is the same company that recently helped Amazon buy Whole Foods. In a filing with the Securities and Exchange Commission on Tuesday (embedded…

PTT Global Buys Land for Belmont, OH Ethane Cracker Plant

Although a final investment decision (FID) is still months away, Thailand-based PTT Global Chemical decided spending $13.8 million to buy 168 acres at the proposed site for a second Appalachia ethane cracker, in Belmont County, OH, would be a good investment. Which they have now done. The deal, which closed in June, is just now…

PA Doubles Number of Shale Wells Drilled in First 6 Months of 2017

In a story about PA’s “moribund” drilling industry beginning to turn around, the AP notes some news that we think it pretty significant. For the first six months of 2017, PA shale drillers have drilled 397 shale wells. That’s more than twice the number they drilled in the first six months of 2016. There are…

Radical Enviros Continue to Make Trouble for PA DCNR re Lease Rev

As MDN reported in June, the Pennsylvania Supreme Court of Appeals, in a sharply divided 3-2 decision, sided with virulent anti-drilling group Pennsylvania Environmental Defense Foundation against the state in saying that any royalties generated from drilling on state-owned land MUST be used solely for conservation and the environment (see PA Supreme Court Hands Antis…

Liberal DC Court Tells EPA It MUST Adopt Obama Methane Rules

The federal Environmental Protection Agency (EPA) wisely move to begin the process of rolling back Obama-era regulations on methane, designed to regulate the oil and gas industry, last month (see Beginning of the End: EPA Issues 90-Day Stay for Methane Rule). Big Green groups with deep pockets sued a few days later, claiming the agency…

Fracker Keane Group Completes Buyout of RockPile Energy for $276M

Keane Group is a Texas-based oilfield services company that provides fracking, wireline and top-hole air drilling services to oil and gas companies in the Marcellus/Utica as well as several other major basins. In January 2016, Keane announced they were buying out Canadian-based Trican Well Service for $247 million (see Oilfield Serv. Co. Keane Group Buys…

Fossil Fuels Continue to Dominate American Energy – 81% in 2016

Here’s a fact: Fossil fuels have provided more than 80% of total U.S. energy consumption for more than 100 years. Here’s another fact: Fossil fuels provided 81% of America’s energy consumption in 2016–last year. What about all those precious so-called renewables? They provided a little over 10% of our energy needs. However, don’t confuse “renewables”…

See the Map that Changed How MDN Views the NatGas World

The natural gas market in the United States is big and complex, with a lot of moving parts. When MDN editor Jim Willis began working in the market full-time in 2012, he learned from some of the best in the business–the people at Natural Gas Intelligence (NGI). There’s a whole lot more to our wonderful…

Marcellus & Utica Shale Story Links: Wed, Jul 5, 2017

The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading. In today’s lineup: OH radicals oppose Trump FERC nominees, want to hold up projects; PA lawmakers look for funds to balance budget (incl. severance tax); LNGL gets $1.5B to build Magnolia LNG project; enviro research group exposes flawed anti fracking…

Yes, Tourism and Shale Gas Really Do Go Together

Tom Shepstone Natural Gas NOW … …  Contrary to the hyperbole of fractivists, tourism and shale gas development are not only compatible but complementary; it takes an economy to draw tourism. A few weeks ago I had the pleasure of participating electronically in a program conducted in the UK to discuss the potential impacts of…

Oil producers balances budgets based on prices

Last Tuesday, oil prices closed at $44.24 per barrel — a stark difference from the $53 per barrel highs in April. The post Oil producers balances budgets based on prices appeared first on Shale Gas Reporter. Continue Reading: Shale Gas Reporter

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