PA Marcellus News Digest
February 28, 2013
February 28, 2013
Special: Attachment: PA's New Logo
Articles
Marcellus production drives Range Resources profit
Pitt Trib
Timothy Puko
Feb 28
Staking out a lead position in Western Pennsylvania has led to record production for Range Resources Corp., which reported a profit of $53 million in the last three months of 2012.
Link: http://triblive.com/business/headlines/3564397-74/range-million-production#axzz2MESgy5cJ
Pitt Trib
Timothy Puko
Feb 28
Staking out a lead position in Western Pennsylvania has led to record production for Range Resources Corp., which reported a profit of $53 million in the last three months of 2012.
Link: http://triblive.com/business/headlines/3564397-74/range-million-production#axzz2MESgy5cJ
Idea for Philadelphia LNG Export Terminal Floated at Council Hearing
NPR State Impact
Susan Phillips
Feb 28
Link: http://stateimpact.npr.org/pennsylvania/2013/02/28/idea-for-philadelphia-lng-export-terminal-floated-at-council-hearing/
NPR State Impact
Susan Phillips
Feb 28
Link: http://stateimpact.npr.org/pennsylvania/2013/02/28/idea-for-philadelphia-lng-export-terminal-floated-at-council-hearing/
Report Examines Ties Between Pennsylvania’s Regulators and the Oil and Gas Industry
NPR State Impact
Marie Cusick
Feb 28
Link: http://stateimpact.npr.org/pennsylvania/2013/02/28/report-examines-ties-between-pennsylvanias-regulators-and-the-oil-and-gas-industry/
NPR State Impact
Marie Cusick
Feb 28
Link: http://stateimpact.npr.org/pennsylvania/2013/02/28/report-examines-ties-between-pennsylvanias-regulators-and-the-oil-and-gas-industry/
For Marcellus Drillers, Profits Rise
NPR State Impact
Susan Phillips
Feb 27
Link: http://stateimpact.npr.org/pennsylvania/2013/02/27/for-marcellus-drillers-profits-rise/
NPR State Impact
Susan Phillips
Feb 27
Link: http://stateimpact.npr.org/pennsylvania/2013/02/27/for-marcellus-drillers-profits-rise/
Drilling company says judge with anti-drilling wife shouldn’t hear case
Pitt Trib
Timothy Puko
Feb 27
One of the region's biggest gas drilling firms wants a Washington County judge to remove himself from hearing a company lawsuit because, it claims, the judge's wife is an anti-drilling activist.
Link: http://triblive.com/news/adminpage/3564590-74/range-judge-disalle#axzz2M85O1KL5
Pitt Trib
Timothy Puko
Feb 27
One of the region's biggest gas drilling firms wants a Washington County judge to remove himself from hearing a company lawsuit because, it claims, the judge's wife is an anti-drilling activist.
Link: http://triblive.com/news/adminpage/3564590-74/range-judge-disalle#axzz2M85O1KL5
GOP Lawmaker Working on Bill That Would Give Fracking Oversight to States
NPS State Impact
Susan Phillips
Feb 27
Link: http://stateimpact.npr.org/pennsylvania/2013/02/27/gop-lawmaker-working-on-bill-that-would-give-fracking-oversight-to-states/
NPS State Impact
Susan Phillips
Feb 27
Link: http://stateimpact.npr.org/pennsylvania/2013/02/27/gop-lawmaker-working-on-bill-that-would-give-fracking-oversight-to-states/
More Marcellus shale taxes urged
Herald-Standard
Rachel Morgan
Feb 28
“The cost of the impact fee to the industry is about one-third of what it would have been in severance taxes as Gov. Rendell proposed,” said Jeff Schmidt, director of the Pennsylvania Chapter of the Sierra Club. “By spreading it around, everyone gets a little piece of it, but doesn’t go nearly as far as it would if it were a severance tax.”
Link: http://www.heraldstandard.com/gcm/news/local_news/more-marcellus-shale-taxes-urged/article_da169e3e-1d0b-5e48-b851-28c8dbf2089f.html
Herald-Standard
Rachel Morgan
Feb 28
“The cost of the impact fee to the industry is about one-third of what it would have been in severance taxes as Gov. Rendell proposed,” said Jeff Schmidt, director of the Pennsylvania Chapter of the Sierra Club. “By spreading it around, everyone gets a little piece of it, but doesn’t go nearly as far as it would if it were a severance tax.”
Link: http://www.heraldstandard.com/gcm/news/local_news/more-marcellus-shale-taxes-urged/article_da169e3e-1d0b-5e48-b851-28c8dbf2089f.html
$500M drilling deal for Pittsburgh airport riles nearby residents
Pitt Trib
Timothy Puko
Feb 26
Paul D. McLaughlin Jr. recalls feeling heat rise up his neck when he heard about the $500 million deal for airport gas drilling.
Link: http://triblive.com/news/allegheny/3535049-74/airport-county-rights#axzz2M7uDDT5A
Pitt Trib
Timothy Puko
Feb 26
Paul D. McLaughlin Jr. recalls feeling heat rise up his neck when he heard about the $500 million deal for airport gas drilling.
Link: http://triblive.com/news/allegheny/3535049-74/airport-county-rights#axzz2M7uDDT5A
Army Corps Still Reviewing Tennessee Gas Pipeline Access
NPR State Impact
Susan Phillips
Feb 26
Link: http://stateimpact.npr.org/pennsylvania/2013/02/26/army-corps-still-reviewing-tennessee-gas-pipeline-access/
NPR State Impact
Susan Phillips
Feb 26
Link: http://stateimpact.npr.org/pennsylvania/2013/02/26/army-corps-still-reviewing-tennessee-gas-pipeline-access/
Marcellus Shale: Giant Well Parade In Susquehanna County
Seeking Alpha
Richard Zeits
Feb 25
Cabot Oil & Gas's (COG) fourth quarter results report last Thursday (February 21, 2013) was nothing short of spectacular - positive surprises were many and significant and explain the stock's 11% rally on Friday.
Link: http://seekingalpha.com/article/1220251-marcellus-shale-giant-well-parade-in-susquehanna-county?source=email_alternative_energy_investing&ifp=0
Seeking Alpha
Richard Zeits
Feb 25
Cabot Oil & Gas's (COG) fourth quarter results report last Thursday (February 21, 2013) was nothing short of spectacular - positive surprises were many and significant and explain the stock's 11% rally on Friday.
Link: http://seekingalpha.com/article/1220251-marcellus-shale-giant-well-parade-in-susquehanna-county?source=email_alternative_energy_investing&ifp=0
No permit yet for proposed well pad in Jay Township
Courier Express
Katie Weidenboerner
Feb 25
WEEDVILLE - A permit application has not yet been submitted to the Department of Environmental Protection for a well pad being proposed by EQT in Jay Township.
Josie Schultz of EQT said during Thursday's supervisors meeting that EQT's 2013 business plan has been approved and includes plans to put a well pad outside the watershed sometime into 2014. - See more at: http://www.thecourierexpress.com/courierexpress/courierexpresslocal/994966-349/no-permit-yet-for-proposed-well-pad.html#sthash.pBLQxfEm.dpufLink: http://www.thecourierexpress.com/courierexpress/courierexpresslocal/994966-349/no-permit-yet-for-proposed-well-pad.html
Courier Express
Katie Weidenboerner
Feb 25
WEEDVILLE - A permit application has not yet been submitted to the Department of Environmental Protection for a well pad being proposed by EQT in Jay Township.
Josie Schultz of EQT said during Thursday's supervisors meeting that EQT's 2013 business plan has been approved and includes plans to put a well pad outside the watershed sometime into 2014. - See more at: http://www.thecourierexpress.com/courierexpress/courierexpresslocal/994966-349/no-permit-yet-for-proposed-well-pad.html#sthash.pBLQxfEm.dpufLink: http://www.thecourierexpress.com/courierexpress/courierexpresslocal/994966-349/no-permit-yet-for-proposed-well-pad.html
Governor Rendell's State Forest Gas Drilling Moratorium Continues For Another Year
John Hanger's Facts of The Day
Blog
Feb 27
In October 2010, after a bill imposing a moratorium on gas drilling in the state forests passed the then Democratic-controlled Pennsylvania House of Representatives but died without a vote in the Republican State Senate, Governor Rendell issued a moratorium on leasing further state forest acres for gas drilling.http://thetimes-tribune.com/news/state-officials-to-tap-state-forest-drilling-royalties-for-revenue-1.1450154?localLinksEnabled=false.
Link: http://www.johnhanger.blogspot.com/2013/02/governor-rendells-state-forest-gas.html
John Hanger's Facts of The Day
Blog
Feb 27
In October 2010, after a bill imposing a moratorium on gas drilling in the state forests passed the then Democratic-controlled Pennsylvania House of Representatives but died without a vote in the Republican State Senate, Governor Rendell issued a moratorium on leasing further state forest acres for gas drilling.http://thetimes-tribune.com/news/state-officials-to-tap-state-forest-drilling-royalties-for-revenue-1.1450154?localLinksEnabled=false.
Link: http://www.johnhanger.blogspot.com/2013/02/governor-rendells-state-forest-gas.html
US Nuclear Power On Track To Have Lowest Production Since 2000-2001
John Hanger's Facts of The Day
Blog
Feb 26
Nuclear power had another poor month in November 2012, with production down 8 billion kilowatt-hours or about 12%, compared to November 2011. For the whole year of 2012, US nuclear production is likely to be back at 2000-2001 levels or approximately 760 billion kilowatt-hours or down about 6% from the record 2010 level. http://www.eia.gov/totalenergy/data/monthly/pdf/mer.pdf.
Link: http://www.johnhanger.blogspot.com/2013/02/us-nuclear-power-on-track-to-have.html
John Hanger's Facts of The Day
Blog
Feb 26
Nuclear power had another poor month in November 2012, with production down 8 billion kilowatt-hours or about 12%, compared to November 2011. For the whole year of 2012, US nuclear production is likely to be back at 2000-2001 levels or approximately 760 billion kilowatt-hours or down about 6% from the record 2010 level. http://www.eia.gov/totalenergy/data/monthly/pdf/mer.pdf.
Link: http://www.johnhanger.blogspot.com/2013/02/us-nuclear-power-on-track-to-have.html
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