Marcellus Drilling News

Chesapeake Lowers Production 1 BCF/D & Dry Gas Drilling 70%

Jim — Thu, 23 Feb 2012 11:05:00 +0000

Chesapeake Energy released fourth quarter 2011, and full year 2011 numbers on Tuesday. About one month ago Chesapeake announced they were curtailing 0.5 billion cubic feet (bcf) of gas production per...

Hess to Lease OH City Landfill for Drilling – $5,400/Acre

Jim — Thu, 23 Feb 2012 11:03:00 +0000

Steubenville, Ohio is about to close a lease deal on a former city landfill. Hess has agreed to pay $5,400 per acre for a signing bonus on the 110 acre site, and 19 percent royalties. Sixth Ward...

Steubenville Selling 700K Gallons of Water/Day to Chesapeake

Jim — Thu, 23 Feb 2012 11:02:00 +0000

The city of Steubenville in Jefferson County, Ohio has struck a deal to sell Chesapeake Energy treated wastewater, untreated river water and potable water—700,000 gallons of it a day for five years....

Rex Energy 2011 Review, Looks Ahead to 2012

Jim — Thu, 23 Feb 2012 11:01:00 +0000

Rex Energy, a prolific driller in the Marcellus Shale, reported its 2011 financial and operational results along with 2012 capital budget projects on Tuesday. In what has become a near unanimous...

Marcellus & Utica Shale Story Links: Thu, Feb 23, 2012

Jim — Thu, 23 Feb 2012 11:00:00 +0000

The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading: Chesapeake rips analysts, defends strategy SNL Financial Chesapeake Energy Corp. CEO Aubrey McClendon...

NY Judge Rules Town of Dryden can Ban Shale Gas Drilling

Jim — Wed, 22 Feb 2012 13:46:00 +0000

Yesterday, Tompkins County (NY) Supreme Court Judge Phillip Rumsey handed anti-drillers a first, and likely short-lived, victory. He ruled that the Town of Dryden, located near Ithaca, has the right...

Range 2012 Capital Plan – More Marcellus Drilling Ahead

Jim — Wed, 22 Feb 2012 13:43:00 +0000

Range Resources released its 2012 capital budget and operating plans yesterday. Range announced that Marcellus drilling is full steam ahead, especially in the liquids-rich southwestern PA area. But...

Cabot O&G Partners with Williams on New Marcellus Pipeline

Jim — Wed, 22 Feb 2012 13:42:00 +0000

Cabot Oil & Gas is teaming up with Williams Partners to construct a new pipeline that will stretch from Cabot’s Marcellus gas wells in Susquehanna County, PA to Schoharie County, NY where it will...

GreenHunter Buys 3 Marcellus/Utica Wastewater Injection Wells

Jim — Wed, 22 Feb 2012 13:41:00 +0000

GreenHunter Water has just purchased three currently operating wastewater injection wells in Ohio and Kentucky for $8.8 million that they will use to dispose of Marcellus and Utica Shale wastewater....

Marcellus & Utica Shale Story Links: Wed, Feb 22, 2012

Jim — Wed, 22 Feb 2012 13:40:00 +0000

The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading: Wyoming County to approve drilling impact fee The Times-Tribune Wyoming County commissioners said they...

Ithaca-area Township Set to Ban Fracking – Is it Legal?

Jim — Tue, 21 Feb 2012 13:23:00 +0000

The Town of Caroline in Tompkins County, New York is about to pass a one-year ban on hydraulic fracturing. The question is, is it legal to do so? Attorneys who understand New York State’s oil and gas...

NY Anti-Drilling Group Tense that Drilling May Soon Begin

Jim — Tue, 21 Feb 2012 13:19:00 +0000

One of the most rabidly anti-drilling organizations in New York is NYRAD—New York Residents Against Drilling. They are a fringe organization, but they do have a following. When MDN received a copy of...

Rumor Mill Buzzing: Is Range Resources Takeover Target?

Jim — Tue, 21 Feb 2012 13:18:00 +0000

The rumor mill is buzzing that Range Resources is a prime candidate for a takeover. With 1.2 million acres of Marcellus leases, whoever buys it will need deep pockets. Both BP and Exxon Mobil have...

Major New Marcellus Pipeline Planned from NE PA to Albany

Jim — Tue, 21 Feb 2012 13:17:00 +0000

El Paso Corp, owner of the country’s largest natural gas pipeline system, including the Tennessee Gas Pipeline, is planning to build a new Marcellus Shale gas pipeline from northeastern Pennsylvania...

Marcellus & Utica Shale Story Links: Tue, Feb 21, 2012

Jim — Tue, 21 Feb 2012 13:15:00 +0000

The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading: Union reps urge drilling companies to hire locally Morning Journal More local workers should be used for...