Tuesday, January 7, 2014

Article Looks Back at the Shale News of 2013

From the Youngstown Vindicator:
The year started with V&M Star, renamed Vallourec Star later in the year, beginning its sales of small-diameter Oil Country Tubular Goods (OCTG). The $1 billion expansion project also began to wind down. 
Although happy to have long-term jobs provided, the cities of Youngstown and Girard undoubtedly missed the infusion of income tax they received in 2011 and 2012. 
Most likely related to the V&M expansion, the 36-mile-long Youngstown & Southern Railroad was purchased for $3 million by MarkWest Energy from the Columbiana Port Authority. 
Probably the most-notable event in 2013 was the double defeat of the Youngstown “Community Bill of Rights.” 
The initiative to ban fracking-related activities was put on the ballot in the primary and general elections and was defeated both times. 
In October, a month before the general election, it looked like there would be a local groundswell resistance to injection wells starting when the city of Niles and Weathersfield Township passed ordinances banning injection wells within their borders. Niles later repealed its ordinance, and an injection well was permitted near Main Street in the city.
Read more of this review by clicking here.

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