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Friday, December 19, 2014

12/19/2014 Links of the Day: Residents Hope Well Leak Doesn't Keep Them Out of Homes for Holidays - and Much More

Energy in Depth:  Sierra Club Gets an F in "Fracking 101"   -   "The Sierra Club, founded in San Francisco in 1892 by legendary conservationist John Muir, was once a clarion voice for the preservation of public lands and environmental stewardship. To note that the group has grown increasingly distant from its roots is an understatement. Its decline, which we have covered previously, unfortunately moves on apace with the release of its latest video:..."

Gas & Oil:  Beck Energy Dismisses Complaint Against Munroe Falls   -   "A Ravenna-based energy firm has dropped a civil complaint claiming that the city has illegally interfered with efforts to clean up a small oil spill at a North River Road well the company operates, but the complaint could be refiled.  Beck Energy Corp. attorney Scott Zurakowski filed a notice of dismissal of the complaint in Summit County Court of Common Pleas..."

The Intelligencer/Wheeling News-Register:  Residents Near Well Leak Hope to be Home for the Holiday   -   "After Wild Well Control's initial attempt to stop the Triad Hunter Utica shale well from continue to leak natural gas failed, residents of about 30 nearby homes are hoping they can permanently go home in time for Christmas..."

The Intelligencer/Wheeling News-Register:  Natural Gas Flare Lights Night   -   "Although the sun goes down early in December, residents of New Athens now get a constant orange glow through the night because of the natural gas flaring system at a nearby..."

Akron Beacon Journal:  New Franklin Opposes Natural Gas Pipeline, Wants Alternate Route   -   "City Council on Wednesday voted to oppose a new natural gas pipeline that would cross southern Summit County, much to the delight of a standing-room-only crowd of 120 residents.  The vote against was 5-0, with two councilmen absent.  "Hopefully it will help, but I’m not sure," said..."

Press release:  Chesapeake Energy Corporation Announces Closing of $4.0 Billion Senior Unsecured Revolving Credit Facility   -   "Chesapeake Energy Corporation (NYSE:CHK) announced today that it closed on a new five-year, $4.0 billion senior unsecured revolving credit facility. The new facility replaces the existing $4.0 billion senior secured revolving credit facility that was scheduled to mature in December 2015. The aggregate commitments may be increased up to..."

Seeking Alpha:  Strong Wattenberg Growth Means Downside Protection With Plenty Of Upside   -   "From the middle of June to the beginning of December, PDC Energy's (NASDAQ:PDCE) stock price fell from $70 a share all the way down to $28 a share. There are plenty of those who caught the proverbial "falling knife" on the way down, but it looks like PDC Energy may finally..."

Pittsburgh Business Times:  Range Resources' Utica Well Hits a Sweet Spot   -   "Range Resources Corp. believes it has come up big with its exploratory Utica Shale well in Washington County.  The company reported Monday that the well, the Claysville Sportsman's Club No. 1, posted a record initial flow rate of 59 million cubic feet per day..."

Press release:  Range Announces 2015 Capital Budget and Record Utica Well Results   -   "RANGE RESOURCES CORPORATION (NYSE: RRC) announced today its 2015 capital budget and the initial results from its Utica/Point Pleasant well located in Washington County, Pennsylvania.  Range has set its 2015 capital spending budget at $1.3 billion, a decrease of..."

SNL:  Gas, oil shale production will reach record in January 2015 with few signs of slowing   -   "Even though prices of crude oil, natural gas and natural gas liquids have weakened considerably since October, shale production of the commodities is forecast to continue growing and reach new record highs in January 2015, according to new data from the U.S. Energy Information Administration.  The "Drilling Productivity Report," or DPR, published by the EIA on Dec. 8 showed that output of crude oil..."

Columbus Business First:  Big chunk of American Energy’s 600 workers followed McClendon from Chesapeake Energy   -   "About one-third of employees at Aubrey McClendon's new natural gas companyAmerican Energy Partners LP followed him from Chesapeake Energy Corp.  McClendon was ousted last year from Chesapeake over his spending, then..."

Gas & Oil:  Guernsey County Uses Gas, Oil Royalties for County Improvements   -   "As 2014 draws to a close, Guernsey County coffers have benefitted from the oil and gas wells on county-owned land including the county farm adjacent to Countryview Assisted Living on County Home Road in Wills Township and property located in Oxford Township.  The revenue totaling $858,693.58, as of the last available report, has been distributed..."

Akron.com:  Pipeline Officials No-Shows at Council Meeting   -   "More than 50 owners of property that would be affected by the proposed NEXUS Gas Transmission pipeline did not get answers to the many questions they have about the project at the Dec. 3 New Franklin City Council meeting, which developers of the pipeline had been scheduled..."

Washington Post:  Sub-$60 Oil Has U.S. Drillers Laying Down Most Rigs in Two Years   -   "U.S. oil drillers idled the most rigs in almost two years as they face oil trading below $60 a barrel and escalating competition from suppliers abroad.  Rigs targeting oil dropped by 29 this week to 1,546, the lowest level since June and the biggest decline since December 2012, Houston-based field services company Baker Hughes Inc. said on its website yesterday.  As OPEC resists calls to cut output, U.S. producers including..."


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