Daily Archives: September 6, 2017

Former White House press secretary Spicer to speak at Shale Insight

Sean Spicer, the former White House press secretary in the Trump administration, has been named the closing keynote speaker of the Shale Insight conference to be held later this month in Pittsburgh. The Marcellus Shale Coalition announced Wednesday that the speech will be among Spicer’s first since leaving the White House earlier this summer. The…

PA House Introduces Balanced Budget with NO Severance Tax

The Republicans in the Pennsylvania House of Representatives have done the hard work that PA Senate Republicans failed (or refused) to do: they have just introduced a budget bill that doesn’t raise a single tax, including no horrible severance tax–and yet they will balance a wildly overspent budget. How will they accomplish this feat of…

CONSOL Hits a Few Snags, Lowers Production Estimates for 2017

As part of a general announcement issued yesterday, CONSOL Energy provided an update on their best guesstimate (called “guidance” in the business) of how much natural gas production the company will achieve in 2017. The latest guidance reveals that production will be LOWER than previously thought. Earlier in the year CONSOL said they should see…

Patterson-UTI Buying Directional Driller MS Energy for ~$222M

Patterson-UTI Energy, an oilfield services company with major operations in the northeast, has just cut a deal to buy out a second company in a deal worth roughly $220 million. The company getting bought is MS Energy Services, a leading provider of directional drilling services in most U.S. shale plays, including a big presence in…

Patterson-UTI Rig Count Holds at All-Time High of 162 in August

As we do every month (and have for more than two years), MDN tracks how many rigs oilfield services company Patterson-UTI Energy reports operating–as a proxy for rig count health in general and rig count health in the Marcellus/Utica in particular. Patterson recently bought out and merged in Seventy Seven Energy (see Patterson-UTI Energy Completes…

PA DEP Report on Emissions Exposes Wolf’s Methane Plan as a Dud

In January 2016 Pennsylvania Gov. Tom Wolf and his now-fired Secretary of the Dept. of Environmental Protection (DEP), John Quigley, introduced an awful four-point plan to supposedly reduce methane emissions by 40% over the next five years (see PA Gov. Wolf’s Plan to Kill Drilling via Methane Emissions Regs). Even though the plan has not…

NEXUS Pipeline Tax Bonanza: $33M in Tax Rev for Single OH County

How often have you read that pipelines are “private companies” and solely created for “corporate greed”–not benefiting landowners all that much, and certainly not benefiting the communities through which they pass. All take, no give. We read those kinds of nonsense statements in so-called mainstream media all the time. False allegations. Fake news. Here’s some…

Doddridge County, WV Tax Base Triples in 7 Yrs Thx to M-U Shale

Yet another anti-shale argument falls. You read and hear plenty about a community’s tax base (i.e. property values) going down when/if shale drilling and associated infrastructure, like processing plants, come to town. That’s fake news. Here’s real news: In Doddridge County, WV, prior to the shale revolution visiting the county, the total assessed value for…

Marcellus & Utica Shale Story Links: Wed, Sep 6, 2017

The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading. In today’s lineup: Dominion handing out another $1M to community groups, apply now; Jana Partners continues to badmouth EQT-Rice deal; FERC gives OK for Cove Point to test LNG facility; PA rig count goes up by 1; former CONSOL exec…

Is the William Penn Foundation Planning a DRBC Ban?

Tom Shepstone Shepstone Management Company, Inc.   The William Penn Foundation, as a private foundation, is legally prohibited from any lobbying, but it seems to be laying groundwork for a DRBC fracking ban. There’s something especially rotten going in the Denmark known as the Delaware River Basin. It’s being orchestrated by the William Penn Foundation,…

© 2014 RenewaNews