Daily Archives: August 16, 2017

Blackstone Group Invests $250M+ in Driller Huntley & Huntley

According to the Wall Street Journal, private equity firm Blackstone Group has invested $7 billion in U.S. natural gas. The way the Journal puts it, Blackstone is “betting” $7 billion, implying it’s a risky roll of the dice. A seriously big chunk of that investment was the recent announcement that Blackstone has bought part ownership…

Frivolous Lawsuit Delays H&H Drilling in Westmoreland County, PA

Huntley & Huntley has plans to drill shale wells in Upper Burrell Township (Westmoreland County), PA. As MDN reported in June, a landowner in Upper Burrell filed an appeal against Upper Burrell’s zoning ordinance that allows drilling in rural, agricultural districts (see Westmoreland Zoning Challenge Heads to Court, Delays H&H Drilling). H&H plans to drill…

Ground Broken for Lawrence County, PA NatGas-Fired Electric Plant?

It was only two days ago MDN told you that a Marcellus gas-fired electric plant planned for Lawrence County, PA appears to be active and moving forward once again (see Signs of Life in Lawrence County, PA NatGas-Fired Electric Plant). Tyr Energy, a subsidiary of ITOCHU Corporation, purchased the Hickory Run Energy project in 2016…

Progress in Building $9M Natgas Valve Manuf Plant in WV

In January MDN told you that Italian company Pietro Fiorentini had signed paperwork to buy land to build a $9 million factory in Weirton, WV (see Italian Co. Building $9M Natgas Valve Manufacturing Plant in WV). The company will manufacture pressure regulators and valves for the natural gas industry at the site. One big problem:…

Mountain Valley Pipe Pushes Back Against Emasculate FERC Lawsuit

Mountain Valley Pipeline (MVP) is not taking a ludicrous, outrageous lawsuit by anti-pipeline residents from West Virginia and Virginia lying down. They are fighting mad as recent court filings show. MVP is a $3.5 billion, 301-mile pipeline that will run from Wetzel County, WV to the Transco Pipeline in Pittsylvania County, VA. A lawsuit was…

Trump Signs Exec Order to Speed Up Pipelines, Infrastructure Work

Pipeline companies face enormous governmental roadblocks when it comes to building new pipelines. “Red tape” doesn’t begin to describe the hassles they face in going from government agency to government agency in order to build an interstate pipeline. Yesterday, with the stroke of a pen, President Trump helped correct that situation. Trump signed a new…

Recent Drilling Downturn Created “The A-Team” of Rig Fleets

According to a recent column on WorldOil.com, you can thank the recent downturn in oil and gas prices with producing the lean, mean drilling machines we have today. Because of the downturn, only the “most mechanically sharp, efficient and best-equipped drilling rigs and crews were left operating in the downturn.” The result? It created “the…

Marcellus & Utica Shale Story Links: Wed, Aug 16, 2017

The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading. In today’s lineup: Prepping for Rover, ETP asks FERC for permission to start up Panhandle, Trunkline projects; EQT Foundation awards $4M in 2017 so far; NY refusal to OK natgas infrastructure hurting economy; engineering firm Aecom in the market for…

Coming Solar Eclipse Further Proves that Renewables Need Natural Gas

Anti-fossil fuel activists like 350.org’s Bill McKibben often pretend the United States can run on 100 percent renewable energy without the use of any traditional fuel sources. McKibben recently wrote in Rolling Stone that “the sundown problem is being solved fast, as batteries are able to store the energy from the morning sun and the…

Choosing Poorly: South Australia Pays for Renewables PC

Institute for Energy Research …. ….   South Australia, is now paying a heavy price for its political correctness on renewables as electricity prices skyrocket while natural gas goes undeveloped. As of July 1, 2017, electricity prices in the state of South Australia are the highest in the world, exceeding Denmark’s due to price increases…

Pin Oak Energy acquires wells in Utica shale

Pin Oak Energy Partners acquired 10 wells in Ohio and Pennsylvania, 7,700 acres of leases, 22 miles of pipeline and an office in Hermitage. The post Pin Oak Energy acquires wells in Utica shale appeared first on Shale Gas Reporter. Continue Reading: Shale Gas Reporter

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