07/17/15 Links of the Day: New Drilling Rules in Ohio, More Calls for Lift of Export Ban, and More
Fuel Fix: Federal Drilling Rules Deferred Until September - "New rules for oil and gas drilling on federally managed land won’t take effect until September at the earliest, under a court decision Thursday. Federal District Court Judge Scott Skavdahl had already decided to temporarily stay the Interior Department rule while he waits for more information from the government and weighs..."
Gas & Oil: Spectra Pipeline Building Continues - "Among the rolling country hills of Belmont County, a trail is being blazed for a new natural gas pipeline being built by Spectra Energy. Motorists along U.S. 250 near Colerain, in addition to the Blaine-Chermont Road area, likely have noticed earthwork being conducted to make way for the 30-inch diameter pipeline. It will be part of a 76-mile line known as the..."
USA Today: Campaign to Stop Fracking Sacrifices Nature for Ideology - "It is hard to remember now, but it wasn't so long ago that natural gas was seen as one of the most important solutions to global warming and a cleaner environment. That's one reason a new report released this month shows that natural gas has eclipsed coal as the largest U.S. source of electricity for..."
Houston Chronicle: Why Can't Texas Export Oil When Iran Can? - "Now that the international community plans to lift the embargo on Iranian oil, it's time for Congress to lift the one on U.S. oil. For 40 years, the United States has banned almost all exports of U.S. crude in the mistaken belief that energy independence is the same thing as energy security. The result is that U.S. oil companies are forced..."
Pittsburgh Business Times: Rex Energy Becomes Latest to Sink Dry Utica Well - "Rex Energy (NASDAQ:REXX) has decided to try its luck with the dry gas portion of the Utica Shale, announcing plans to sink a test well in Lawrence County. The company said on Wednesday that the well, the Patterson 2H, is to be completed by the end of this quarter and placed into sales by the end of the year. "Our first test well in the..."
The Intelligencer/Wheeling News-Register: 'Oil City' Sets Up Near OV Mall - "It may not get its own zip code, but a new community is booming right next the Ohio Valley Mall in the form of Oil City, which now features about 120 campers owned by those working in the Marcellus and Utica..."
Blue Racer: Blue Racer Midstream, LLC Announces $300 Million Offering of Additional 6.125% Senior Notes Due 2022 - "Blue Racer Midstream, LLC (“Blue Racer”) and its wholly owned subsidiary Blue Racer Finance Corp. (together with Blue Racer, the “Issuers”) announced today that, subject to market conditions, they intend to sell in an offering in the United States to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to persons outside of the United States pursuant to..."
Manhattan Institute: Step on the Gas! - "Now may seem an odd time to emphasize the importance of increasing U.S. oil and gas production. Domestic output has reached an all-time high, prices have plummeted, and drilling activity is slowing in response. Job cuts in the industry are approaching 100,000. Headlines announce that the boom has already gone bust. Observers concerned about output typically worry that it is too high: that drilling will..."
Fuel Fix: Energy Transfer Signs Agreement, Enters into Williams Bidding Process - "Energy Transfer has signed a confidentiality agreement with Williams Cos. and plans to continue its takeover bid through the process outlined by its targeted rival, Energy Transfer said in a regulatory filing Friday. The agreement is another step forward for talks between the two major midstream players. As recently as last week, Energy Transfer had hinted it could..."
Antero Resources: Antero Resources Announces Second Quarter 2015 Operations Update - "Antero's net daily production for the second quarter of 2015 averaged 1,484 MMcfe/d, including 45,900 Bbl/d of liquids (19% liquids). Second quarter 2015 production represents an organic production growth rate of 67% from the second quarter of 2014 and was approximately the same as the first quarter of 2015. Liquids production for the..."
Reuters: Heat Rises on Britain to Change Shale Gas Laws After Projects Blocked - "Pressure is mounting on Britain's pro-shale government to make changes to the planning system after local politicians rejected two projects that could have become Britain's first shale gas producing wells. Prime Minister David Cameron, who has promised to go "all out for shale", said he respected the planning process but still wanted shale gas to go ahead. His quest to replicate at least a small slice of the United States' success in..."
Drill or Drop: Cuadrilla Hits Out at “Scaremongering” and “Polluting Propaganda” of Anti-Fracking Campaigners - "A small but influential group of people have changed public perception against shale gas, Cuadrilla’s commercial director told a committee of MPs this afternoon. Tony Carruthers blamed anti-fracking campaigners for what he called “ridiculous scaremongering” and said their propaganda had been “extraordinarily successful”. His comments came a fortnight after Cuadrilla was refused permission to drill and frack four..."
Fuel Fix: 35,000 Gallons of Oil Spills After Montana Train Derailment - "Three tank cars leaked an estimated 35,000 gallons of oil after a train hauling crude from North Dakota derailed in rural northeastern Montana, the latest in a series of wrecks raising concerns across the U.S. and Canada, authorities said Friday. No one was reported injured in the accident Thursday night that temporarily led to..."
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