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Tuesday, March 18, 2014

Links for 3/18/14: Lawsuits, Great Expectations for Utica Shale, and More

Press release:  Shell Creates Motor Oil From Natural Gas   -   "Shell announced today the creation of the first-of-its kind base oil made from natural gas, the cleanest burning fossil fuel. It is called Shell PurePlus(TM) Technology, a patented process of converting..."

Press release:  Rock Oil Holdings LLC Announces $250 Million Commitment   -   "Rock Oil Holdings LLC ("Rock Oil" or the "Company"), a newly-formed, Denver and Houston-based oil and gas company today announced an equity commitment of up to $250million from funds managed by energy private equity firm..."

Press release:  Chesapeake Files Form 10 Registration Statement for Possible Spin-Off of Chesapeake Oilfield Services   -   "Chesapeake Energy Corporation (NYSE:CHK) announced today that Chesapeake Oilfield Operating, L.L.C. (COO), its wholly owned subsidiary, has filed a Registration Statement on Form 10 with the U.S. Securities and Exchange Commission. COO currently conducts the operations of..."

Mother Jones (with this week's example of incredibly inaccurate and ridiculously irresponsible activist fear-mongering):  Was the Los Angeles Earthquake Caused by Fracking Techniques   -   "Was the 4.4-magnitude earthquake that rattled Los Angeles this morning caused by fracking methods? It's hard to say, but what's clear from the above map, made by Kyle Ferrar of theFracTracker Alliance, is that the quake's epicenter was just eight miles from..."

Investors.com:  Lawsuit Challenges Use of Endangered Species to Stop Energy Boom   -   "Oklahoma's attorney general has filed what could become a landmark lawsuit against the U.S. Fish and Wildlife Service, arguing the so-called "sue and settle" procedure for..."

Akron Beacon Journal:  Ohio Expects 19,000 Utica Wells in Next 19 Years, Report Says   -   "Ohio is projecting that more than 19,000 new Utica shale wells for natural gas and liquids will be drilled in eastern Ohio in the next 19 years. That’s how many wells would fit on the 3 million acres in eastern Ohio without any..."

Akron Beacon Journal:  More Details From Anticipated State Report on Utica Shale Drilling   -   "Some other details expected when new report from state geologist Mike McCormac is released: ■  In early January, 11 drilling rigs were working in Harrison County, nine in Belmont County, eight in Monroe County and six in Carroll County. All of Ohio had 11 drilling rigs working in..."

Press release:  Magnum Hunter Resources Provides Operational Update on Its Marcellus and Utica Shale Plays   -   "Marcellus and Utica Drilling Update Over the next 30 days, the Company anticipates production flowing to sales from 8 gross (7 net) wells in the Marcellus and Utica Shale Plays via the Company's majority owned Eureka Hunter Pipeline System. Of these wells, the Company anticipates the three WVDNR Pad wells located in Wetzel County, West Virginia, in which the Company owns a 100% working interest, will begin..."

The Review:  Shale Industry Impacts Lodging   -   "Check with any hotel, motel or campground throughout the area, and the one thing found in common is the presence of the shale industry. With employment growth among the Marcellus and Utica shales, workers have counted..."

Columbus Business First:  Pipeline companies sending large amount of gas out of Utica shale play to Gulf Coast   -   "Even more pipeline companies are preparing to send natural gas from the Utica and Marcellus shale regions to the Gulf Coast. Companies operating in the region are beginning to send large amounts of gas from..."

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