Links for 11/11/14: Shale Court Decisions Galore, Chevron Scaling Back, and More

By -
Star Beacon:  Fracking on Hold in Ashtabula County   -   "The future of drilling in Ashtabula County shale deposits is on hold because of basic economics, according to area political leaders keeping an eye on the issue that could eventually bring dollars into the area. The controversial process known as fracking — horizontal drilling with high-powered water being pumped into shale deposits and oil and other petroleum residue then collected — has gotten a..."

ShaleOhio:  Judge says bankruptcy trustee may sell debtors’ oil and gas mineral rights   -   "An Ohio federal bankruptcy judge recently granted a bankruptcy trustee’s motion seeking to sell a debtor couple’s oil and gas mineral rights on grounds that the rights are property of the bankruptcy estate and not protected under homestead exemption provisions. The case, In Re: Helen Way, et. al, No. 12-60209, N.D. Ohio Bkcy.; 2014 Bankr., involves..."

Natural Gas Now:  Fracking Election News Mostly Good   -   "The political advertisements, after barraging us with increasing intensity leading up to Tuesday have now mercifully ended, giving us a respite until maneuvering for the next elections resumes after the holidays. There’s a lot of crowing going on among our fractivist friends about a couple of results, but, overall, the fractivist cause..."

The Intelligencer/Wheeling News-Register:  Marcellus Drilling Increasing in Ohio   -   "The way Shawn Bennett sees it, oil and natural gas producers working in Eastern Ohio have a great economic opportunity to drill into both the Utica and Marcellus shale formations via the same pad.  “It can be very economical because you can drill Utica wells for dry gas and Marcellus wells for wet gas on the same pad,” said Bennett, senior vice president of the Ohio Oil & Gas Association.  “And more wells mean for royalties,” he added.  Generally, Ohio..."

Energy & Environmental Law Blog:  OH: Recent Decision - Strahler v. Alliance Petroleum Corp.   -   "A recent decision from the Common Pleas Court of Washington County, Strahler v. Alliance Petroleum Corp. (Oct. 17, 2014), addresses two interesting issues concerning oil and gas leases.  In Strahler, the defendant-lessees were the current owners of..."

Gas & Oil:  Project to Provide Housing for Gas, Oil Workers in Byesville   -   "The development corporation that purchased the former Pomegranate property on the northwest side of town will be building apartments to serve as housing for workers of the gas and oil industry, Byesville officials said Wednesday. The developer has formed a limited liability corporation for the..."

Water Online:  Researchers: Produced Water is "Not as Bad As We Thought"   -   "A new study of fracking wastewater yielded results that experts found surprising. As study author Andrew Barron put it, the results indicate that frac water "was not quite as bad as we thought," Inside Climate News..."

American Thinker:  Stop That Fracking Pipeline!   -   "My small farm is nearly in the path of a new pipeline that will carry huge tonnages of shale gas from West Virginia to the Mid-Atlantic states. My neighbors mostly hate the idea. Many farms have hostile signs saying “No Pipeline!” or..."

Pittsburgh Business Times:  Chevron Undertakes Restructuring of its Appalachia Unit   -   "Chevron Corp. is restructuring its Moon Township-based Appalachia/Michigan business unit. In a statement, the company said it is undertaking the restructuring to "become more efficient and effective to support the long-term growth it plans for development of the Marcellus and Utica..."

IPAA: 2014 Fracking Policy Monitor:




Connect with us on Facebook and Twitter!

Popular posts from this blog

Fracktivist in Dimock Releases Carefully Edited Video, Refuses to Release the Rest

By -
Image
From Energy in Depth: There is something very strange going on along Carter Road, in Dimock, Pennsylvania, and I’m not speaking of natural gas, methane migration, contamination, litigation or even the extensive water testing there by the EPA and others.  No, I’m talking about a new “Watergate” conspiracy, complete with 18 minutes of missing tape (well, video, actually). It seems the ever-present Green Party member and  naturist   Vera Scroggins  (a/k/a  Vera Duerga ) has posted a video of Craig Sautner meeting with the EPA.  Mysteriously, the video is but 14 seconds in length, cutting off conversation in what is obviously mid-stream.  It raises a question Craig Sautner, like  Ronald Reagan in Kings Row , might have asked, “Where’s the rest of me?’  Carter Road, isn’t Kings Row, of course, (at least not until you arrive at  the mansion Scott Ely, one of the Dimock litigants, is building with his royalty money ), but there appears to be...
Read more

The Second Largest Oil and Gas Merger - Cabot and Cimarex

By -
Image
       Due to investor pressure, the U.S shale drillers are being pushed to improve financial and operational performance after a few years of poor returns. Even though the industry has improved its numbers, when compared to last year, investors still want more to be done for them to earn more money.      That's why two mid-tier shale drillers, Cabot and Climarex, have decided to merge in order to eliminate $100 million in annual costs, which means more money for the investors. This all-stock transaction is valued at about $7.4 billion, which is relatively high for the oil and gas sector.      The new entity will be renamed and the headquarters located in Houston, Texas. Cabot shareholders will own 49.5 percent of the new entity, and Climarex the rest.       The Cimarex-Cabot merger will address the investor's demand for a higher amount of returning cash. The initial plan is to pay a 50-cent-per-share special dividen...
Read more

Do You Know The History of Fracking?

By -
Image
  In 2018, 59% of total oil production in the U.S came from hydraulic fracking, which means it accounted for more than two-thirds of domestically manufactured gas. By 2024, fracking will reach an astounding $68 billion market value! Of course, fracking is not a new drilling method as you can trace it back hundreds of years. That's why we want to consider the history of hydraulic fracturing (fracking). We will be stating historical facts about it and focusing on the major historical occurrences that have influenced modern-day fracking. Pre-Fracking Days The idea of fracking started back in 1862 when Edward A.L. Roberts (Civil War veteran) witnessed Confederate soldiers exploding artillery rounds into a canal that obstructed a battlefield. At the time, Edward A.L. Roberts called it superincumbent fluid tamping. On April 26th, 1865, Edward A.L. Roberts began experimenting with exploding torpedoes, which consisted of lowering a torpedo containing an amount of powder from fifteen to tw...
Read more