Friday, September 28, 2012

PA Marcellus News Digest 9/28/12

PA Marcellus News Digest
September 28, 2012

Articles

MSC president in Philadelphia Inquirer: Marcellus Shale transforming Pa.
NorthcentralPA.com
Kathryn Z. Klaber
Sept 28
Philadelphia’s access to key waterways and markets – bolstered by the commonwealth’s rich natural resources – has long positioned Southeastern Pennsylvania as a powerful economic engine. Philadelphia’s piers, and the region’s economy, have long been sustained by coal, petroleum, and other energy resources.
Link:
http://www.northcentralpa.com/feeditem/2012-09-28_msc-president-philadelphia-inquirer-marcellus-shale-transforming-pa

PECO Electric rates to increase more than 20% on October 1st 2012
Examiner
Robert Magyar
Sept 27
Next Monday on October 1st PECO Electric increases their primary residential electric rates by more than 21%. The current PECO price for residential electricity is .0864 cents per kilowatt hour which increases to .1050 cents per kilowatt hour next Monday. After adding transmission, distribution and other charges, PECO customers will be paying around 17 and half cents per kilowatt hour heading into the winter season.
Link:
http://www.examiner.com/article/peco-electric-rates-to-increase-more-than-20-on-october-1st-2012

Natural Gas Pipelines to Expand U.S. Supply Glut: Energy Markets
Bloomberg Businessweek
Naureen S. Malik
Sept 26
Natural gas pipelines coming into service by year end may boost deliveries from the Marcellus shale deposit in the U.S. Northeast by 30 percent, extending a supply glut that helped send prices to decade lows.
Link:
http://www.businessweek.com/news/2012-09-26/natural-gas-pipelines-to-expand-u-dot-s-dot-supply-glut-energy-markets

Fracking Suspense Cuts Into Second-Home Sales
NY Times
Mireya Navarro
Green Blog
Sept 28
As I report in the real estate section of The Times, many would-be buyers are deferring purchases of second homes in upstate New York out of concern that hydraulic fracturing might be allowed nearby. For now, no one knows whether Gov. Andrew M. Cuomo’s administration will allow this controversial natural gas drilling process to go forward.
Link:
http://green.blogs.nytimes.com/2012/09/28/fracking-suspense-cuts-into-second-home-sales/

Gas industry, anti-drilling group in flap over logos
Inquirer
Andrew Maykuth
Sept 28
The Shale Gas Insight conference ended last week in Philadelphia, but the battle between the natural gas industry and anti-drilling activists goes on.
Link:
http://www.philly.com/philly/business/20120928_Gas_industry__anti-drilling_group_in_flap_over_logos.html

Md. gas drilling panel discussing best practices
Bloomberg Businessweek
AP
Sept 28
CUMBERLAND, Md. (AP) — A state panel studying prospects for hydraulic fracturing for natural gas in western Maryland is trying to pinpoint the best practices used elsewhere.
Link:
http://www.businessweek.com/ap/2012-09-28/md-dot-gas-drilling-panel-discussing-best-practices

Marcellus production boosts prominence, liquidity of budding Northeast markets
Platts
Samantha Santa Maria
Sept 27
September 27, 2012 - The continued growth of Marcellus Shale gas production is bringing two Northeast pricing hubs — Millennium Pipeline, East receipts, and Texas Eastern Transmission zone M-2 — to the forefront as these new supplies seek alternative transportation options.
Link:
http://www.platts.com/newsfeature/2012/naturalgas/gaspricing/index

EdgeMarc Energy Holdings ready to drop anchor in Marcellus
Pittsburgh Business Times
Anya Litvak
Sept 28
Against the backdrop of multinational energy giants gobbling up smaller gas companies to get a bigger share of the Marcellus Shale, a private equity-backed, five-man team is out to build a presence from the ground up.
Link:
http://www.bizjournals.com/pittsburgh/print-edition/2012/09/28/edgemarc-ready-to-drop-anchor-marcellus.html

Columbia Gas of Pa. seeks 23 percent rate hike
Beaver County Times
AP
Sept 28
CANONSBURG, Pa. (AP) — Columbia Gas of Pennsylvania wants the state to approve a 23.4 percent rate hike the utility says will raise $77.3 million a year to help it replace aging pipelines.
Link:
http://www.timesonline.com/news/local_news/columbia-gas-of-pa-seeks-percent-rate-hike/article_967472b0-c993-5b5b-9c57-3e9403e3a5e8.html

Study: States Fail to Enforce Marcellus Shale Drilling Regulations
Sewickley Patch
Amanda Gillooly
Sept 26
Earthworks, a non-profit, released a new research study Tuesday indicating that states across the country—including Pennsylvania—are failing to enforce their own oil and gas development regulations.
Link:
http://sewickley.patch.com/articles/study-states-fail-to-enforce-marcellus-shale-drilling-regulations-ea8fde5f

The Marcellus Shale Saves a Refinery
Daily Finance
Aimee Duffy, The Motley Fool
Sept 28
Over the past few years, the U.S. energy scene has been completely turned on its head. Suddenly, there is energy gushing from regions that hadn't produced a thing in decades. As oil and gas flows up from our wells in mind-boggling quantities in non-traditional markets, it isn't unusual to read about pipelines switching directions or converting from oil to natural gas and vice versa.
Link:
http://www.dailyfinance.com/2012/09/28/the-marcellus-shale-saves-a-refinery/

The Heron's Nest: In the Hook, We Shale Overcome
Daily Times
Phil Heron
Opinion
Sept 27
[...]Sunoco Logistics yesterday announced plans to go ahead with a plan to convert the refinery to a processing center for Marcellus Shale products, including propane and ethane.
Link:
http://www.delcotimes.com/articles/2012/09/27/opinion/doc5064306ddaad2211695773.txt

Sunoco’s Marcus Hook plant gets boost from Marcellus Shale project
Daily Times
Kathleen E. Carey
Sept 27
Sunoco Logistics Partners LP announced they reaped a successful open season for the Mariner East project — a new future for the former Marcus Hook refinery — bringing with it a potential of 450 construction jobs.
Link:
http://www.delcotimes.com/articles/2012/09/27/news/doc5063c3a292ded468247308.txt

1 comment:

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