Daily Archives: June 14, 2017

Two Controversial Methane Rules Stalled In Less Than 24 Hours

In a span of less than 24 hours, the Trump administration this week announced it intends to not only delay the EPA’s methane rule targeting new and modified oil and gas infrastructure for two years, but also indefinitely postpone compliance with key parts of the equally controversial Bureau of Land Management (BLM) methane rule. The…

BP: U.S. Will Dominate Global LNG Markets, Natural Gas Production by 2035

BP released its latest Energy Outlook this week, reaffirming its earlier forecast that the U.S. will be energy self-sufficient by 2023 while continuing to lead the world in natural gas production. From the report: “We project that the US becomes energy self-sufficient in 2023 and maintains its position as the world’s largest liquids and natural…

PA Court Rules Fracking Not ‘Abnormally Dangerous’ Under PA Law

An article in the left-leaning Harrisburg Patriot-News has this incendiary opening: “Is it ‘abnormally dangerous’ to drill and frack for oil under a massive oil refinery, particularly if that well is bored beneath a tank filled with 3.6 million gallons of gasoline? A decision issued by a divided Commonwealth Court panel on Monday will give…

NYC Democrats Target Upstate with Proposed Ban on PA Frack Waste

Every now and again anti-fossil fuel nutters in New York will pop up from whatever hole they live in to claim that the couple of NY landfills accepting drill cuttings (leftover rock and dirt) from PA shale drilling will result in an environmental apocalypse. One landfill in particular, in Chemung County, seems to be the…

Westmoreland Zoning Challenge Heads to Court, Delays H&H Drilling

In May MDN told you that Huntley & Huntley was conducting seismic surveys in Lower Burrell, in Westmoreland County, PA (see Huntley & Huntley Targets New Drilling in Westmoreland County, PA). When a company begins to conduct seismic surveys, you know that applications for drilling permits are not far behind. Next door to Lower Burrell…

Cincinnati Leaders Smear Duke Energy Ahead of Pipeline Meeting

Duke Energy needs to replace an aging pipeline, built in the 1950s, near Cincinnati, OH–or some people in Cincy will have to go without natural gas (see Hearings Scheduled for Proposed Duke Pipeline in Cincinnati). Duke has proposed a 13-mile, 20-inch pipeline along two potential routes. Both routes are opposed by antis, including a group…

Atlantic Sunrise Hearing in Bloomsburg Repeat of Previous Hearings

As we reported yesterday, on Monday the first two (of four) public hearings were held by the Pennsylvania Dept. of Environmental Protection (DEP) to elicit comments on the proposed $3 billion, 198-mile Atlantic Sunrise Pipeline, an expansion of Williams’ Transco Pipeline system (see Atlantic Sunrise Supporters Far Outnumber Antis at PA DEP Hearings). Supporters of…

“Sources” Say Penn Virginia Putting Itself Up for Sale

Although headquartered in Radnor, Pennsylvania (near Philadelphia), Penn Virginia Corporation is an oil and gas driller with (at last check) only a small presence in the Marcellus Shale: 21,700 net acres with no drilled wells. They concentrate on oil drilling the Texas Eagle Ford Shale play. Penn Virginia is one of the Philly area’s oldest…

Analyst Says Gulfport Energy ‘Ripe’ for Merger/Sale

According to an article appearing on Forbes, “The sell-off of oil and gas exploration and production stocks has been brutal. Exchange-traded funds that specialize in the sector have fallen around 10% to 20% this year, versus an 8% uptick in the market overall.” Why? Low oil prices. Several analysts are quoted as saying the market…

SPACs Overtaking MLPs to Finance New Energy Infrastructure

We’d heard of MLPs–or master limited partnerships–but we’d never heard of SPACs. Until now. According to Motley Fool, “An MLP combines the tax benefits of a limited partnership with the liquidity that publicly traded securities — like stocks and bonds — offer.” You buy a “unit” in an MLP, which you can think of as…

DUG East Coming to Pittsburgh June 20-22

If you’re deeply involved, or even peripherally involved, with the Marcellus/Utica, there are two events each year that you should attend. One of those events is DUG East (hosted by Hart Energy), and the other is Shale Insight (hosted by the Marcellus Shale Coalition). DUG East will be held next week in Pittsburgh. Unfortunately MDN…

Marcellus & Utica Shale Story Links: Wed, Jun 14, 2017

The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading. In today’s lineup: NH newspaper calls NY Attorney General Schneiderman a “rogue prosecutor” over Exxon witch hunt; rig count in Utica climbs to 27, and 8 new drilling permits issued; pipelines needed to get gas to market; demonstrators rally against…

Please, DEP, Don’t Enable Fractivist Pipeline Opponents!

Tom Shepstone Shepstone Management Company, Inc.     Although the response turned out favorable to the project, Pennsylvania DEP’s Atlantic Sunrise hearings were unnecessary concessions to pipeline opponents. Something very interesting happened over the last two days as Pennsylvania DEP conducted four public hearings on the Atlantic Sunrise Pipeline project. Our buddy Jim Willis, over…

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