Links for 10/21/14: Kent State Shale Training, Chesapeake/Southwestern Deal Called Win-Win, and More

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Gas & Oil:  Kent State University Offers Job Training in Gas, Oil Industry   -   "Kent State University at Tuscarawas, in partnership with Stark State College, ShaleNET and Ohio Means Jobs (The Employment Source), is offering a floor hand course beginning Nov. 3. This three-week class will run Monday through Friday from 8 a.m. to 4:30 p.m. at the..."

National Science Foundation:  New Tracers Can Identify Frack Fluids in the Environment   -   "Scientists have developed new geochemical tracers that can identify hydraulic fracturing flowback fluids that have been spilled or released into the environment. The tracers have been field-tested at a spill site in West Virginia and downstream from an..."

Columbus Business First:  Bank Deposits Booming in Utica Shale Counties   -   "Just five years ago, in the midst of the Great Recession, it probably would have been unthinkable to see some of Ohio’s fastest-growing banks located in small rural areas east of..."

Bloomberg:  Oil Drop Makes Drillers Own Worst Enemy; Gas Offers Haven   -   "U.S. oil producers that saw profits soar on the North American shale boom are feeling the downside of success: falling prices and shrinking cash are threatening to slow development. At the same time, as crude prices approach four-year lows, natural gas companies are experiencing..."

Energy in Depth:  New Report Says Natural Gas Bad for Climate – Because It’s Good for the Economy   -   "This week, a group of researchers published a report in the journal Nature that hazards yet another attempt at organizing a semi-coherent case against natural gas qua an effective means of addressing climate change. Of course, we’ve seen papers like this in the past, and we’ve addressed at length each of their respective bad-inputs, faulty assumptions and architectural inadequacies in..."

Business Wire:  Fitch: Chesapeake/Southwestern Deal a Strategic Win-Win   -   "The $5.4 billion southern Marcellus and Utica shale asset sale announced yesterday is considered to be a strategic win-win for both Chesapeake Energy Corp. (Chesapeake [BB/Positive]) and Southwestern Energy Company (Southwestern [BBB-/Stable]), according to Fitch Ratings. Chesapeake stands to monetize a non-core asset that will provide considerable proceeds to continue paying down debt and simplifying its capital structure as well as pursue other strategic initiatives. Southwestern will gain..."

Press release:  Antero Resources Third Quarter 2014 Operations Update   -   "Antero’s net daily production for the third quarter of 2014 averaged 1,080 MMcfe/d, including 25,000 Bbl/d of liquids (14% liquids). Third quarter 2014 production represents an organic production growth rate of 91% and 21% from the third quarter of 2013 and second quarter of 2014, respectively. Liquids production for the third quarter of 2014 represents an..."

Norwood News:  Opinion: Rebutting the Climate Change Argument   -   "A recent letter to the editor by Diana Pedi titled, Climate Change Happens in The Bronx Too took aim at fracking even though it’s thanks to fracking and the increased use of natural gas that the U.S. has significantly lowered greenhouse gas emissions. According to Pedi, fracking is to blame for climate change because, “fracking releases methane.” That claim has been directly contradicted by..."

Gas & Oil:  American Energy Partners Regional Headquarters to Be Built in Cambridge   -   "Aubrey McClendon, CEO of American Energy Partners, is locating his regional headquarters in Cambridge. The facility will be constructed at the D.O. Hall Business Center and will create 125 jobs. The Oklahoma City-based American Energy Partners LP has raised billions to..."

The Motley Fool:  Former Chesapeake Energy CEO Sets Sights on California   -   "Bloomberg recently reported that former Chesapeake Energy (NYSE: CHK ) CEO Aubrey McClendon is considering a bid for Freeport-McMoRan's (NYSE: FCX ) California oil assets. The assets, which are worth about $5 billion, would seem like a real departure from the shale-focused growth strategy that McLendon pursued at both..."


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