Daily Archives: August 17, 2017

Infrastructure: Linking Pennsylvanians to Clean, Abundant Natural Gas

With 11 new critical interstate pipeline projects brought online in 2016 and another 25 under development or scheduled for completion this year – according to a new report from the federal Energy Information Administration – our region is making important progress on getting the needed pipeline infrastructure in place to move more clean-burning, Pennsylvania-produced natural…

Carbon Natural Gas Buys Cabot’s Conventional Wells in WV-OH-VA

Carbon Natural Gas Company, through its affiliate Carbon Appalachian Company, teased in a press release issued yesterday that the company has just completed the acquisition of “natural gas producing properties and related facilities” located “predominantly in the State of West Virginia” for $21.5 million. The release does not identify the seller–but MDN believes we know…

New Pipelines Raise Gas Prices for M-U Drillers by 30% in 2017

Pipelines make a HUGE difference in the price drillers can get for their gas. When more pipelines get built to haul gas out of an over-saturated/producing area, like the Marcellus/Utica, the higher the price drillers can get for their gas. It’s simple Economics 101. Right now we have too much supply and not enough demand….

New Wireline Company Targeting Marcellus Attracts PE Funding

A brand new wireline oilfield service company called Reach Wireline has attracted an investment from private equity company Hastings Equity Partners. Reach Wireline, which is headquartered in Fort Worth, TX, plans to soon begin operations in the DJ, Permian and Marcellus Shale plays, according to the company’s website. A wireline is a cable used to…

Corrosive Use of Legal System Attempts to Stop M-U Pipelines

Constant frivolous lawsuits against legal, legitimate businesses performing a valuable service for society is having a corrosive effect on our legal system. That’s the thought that hit MDN as we read, yet again, about lawsuits and actions against pipelines in Virginia and West Virginia. In Virginia, radicals from the Blue Ridge Environmental Defense League are…

Energy Transfer Floats 54M New Units, Looks to Raise $1 Billion

Energy Transfer Partners (part of Energy Transfer Equity) is the company that built the Dakota Access Pipeline (now flowing, thankfully). They are also the pipeline company building both the Rover Pipeline in Ohio and Michigan, and the Mariner East 2 natural gas liquids pipeline from eastern Ohio across Pennsylvania to the Philadelphia area. Big company,…

Nuverra Environmental Exits Chapter 11, $500M Debt Magically Gone

Nuverra Environmental Solutions (formerly Heckmann) is one of the largest companies in the United States that handles transportation and disposal of shale drilling wastewater and leftover rock and dirt from drilling. The company has major operations in the Marcellus/Utica region. In January 2016, the company, going through tough economic times, was de-listed from the New…

Philly Refinery “Mired in Debt” Fights for Survival

In 2012, Sunoco inked a deal with The Carlyle Group to form a joint venture to keep Philadelphia’s historic refinery operating (see Sunoco & Carlyle Group Ink Joint Venture for Philly Refinery). The jv was called Philadelphia Energy Solutions (PES), and its CEO was the charismatic Philip L. Rinaldi, who was called “fossil Phil.” The…

Shale Drillers Using Less Frac Sand as Prices Soar

Necessity is the mother of invention. Over the past year or so we’ve chronicled the dramatic increase in the amount of sand used in fracking. Recently we told you that Chesapeake Energy drilled what we believe to be the highest-producing Marcellus well (so far), with an initial production of 61 million cubic feet per day…

Marcellus & Utica Shale Story Links: Thu, Aug 17, 2017

The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading. In today’s lineup: Is Range Resources takeover bait?; Talen Energy relocates HQ; Rice Energy accused of not paying overtime; Shell cracker lauded by national leaders; demand for energy lawyers picks up in Pittsburgh; natgas industry comes to the rescue in…

New Study Shows Business is Booming for Skilled Trades, Thanks to Pipelines

The Oil and Gas Industry Labor-Management Committee, led by the American Petroleum Institute (API) and North America’s Building Trades Unions, released a report this week showing the tremendous amount of work the pipeline industry provided to skilled trades unions from 2006 to 2015. Now that the Federal Energy Regulatory Commission (FERC) officially has a quorum…

Hard Lesson: Some in Pipeline Industry Play Into Enemy Hands

Daniel B. Markind, Esq. Weir and Partners, LLP   The pipeline industry has received a hard lesson about how not to play into the hands of its most vicious enemies who saw opportunity and grasped it. Venezuelan President Nicolas Maduro, a modern day Dante, seems intent on inflicting on his people ever deeper stages of…

PennEast requests speedy approval of pipeline project

Now that the Federal Energy Regulatory Commission is whole once again, PennEast officials are requesting expedite approval of its 120-mile pipeline. The post PennEast requests speedy approval of pipeline project appeared first on Shale Gas Reporter. Continue Reading: Shale Gas Reporter

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