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Tuesday, April 28, 2015

Links of the Day 04/28/15: Anti-Fracking Paintings From Beyond the Grave, 1st-Quarter Reports, and More

Gas & Oil:  Taxation out of control   -    "It appears that Governor Kasich has hit on a surefire way to reduce state income taxes for thousands of Ohioans --- eliminate their jobs. The prime “beneficiaries” of this tough love tax treatment would be the quarter million or so men and women whose jobs are supported by..."

Bennington Museum:  CHANNELING GRANDMA: FRACKING PAINTINGS BY LINDA FINCH   -   "Channeling is the belief that a person's body has been taken over by a spirit for the purpose of imparting wisdom and bringing about a conscious transformation. I feel that Anna Moses guided my hands in an effort to inform and educate people to the risks that lay ahead for the American rural landscape. - Linda Finch, Artist"

CNBC:  Aubrey McClendon launching 'blank check' company   -   "Despite an embarrassing lawsuit accusing him of stealing trade secrets, energy guru Aubrey McClendon is raising additional cash for new oil and gas exploits. This time he's using a specialized, $200 million investment vehicle that is set to go public soon, said people..."

Washington Times:  Oil, gas operators could be vulnerable to hackers   -   "In the vast network of data, drilling and pipes that’s made Marcellus shale an international energy reserve, computer attacks pose a serious threat. Hackers target energy companies all the time because..."

Shale Play:  Wheeling Not in GreenHunter’s Immediate Future   -   "GreenHunter Resources plans to barge what the company calls "oilfield waste" from local natural gas operations along the Ohio River by the end of the year, but the firm will not be loading the waste onto barges in the Warwood section of Wheeling. At least not anytime soon..."

Columbus Business First:  Belmont County officials elated after 'surreal' victory landing cracker plant   -   "It felt a little dream-like for Belmont County Commissioner Mark Thomas on Wednesday when he briefed the media about plans for a major petrochemical plant in the county. It’s not often a multibillion-dollar plant gets..."

NGI:  Nabors Lays Off 5,500, Sees Rig Use Continuing to Fall   -   "Contract driller Nabors Industries Ltd. has reduced its global workforce by nearly 5,500 people, or 18%, since the end of December, with most of the reductions hitting US and Canadian staff..."

EQT:  EQT Reports First Quarter 2015 Earnings   -   "EQT Corporation (NYSE: EQT) today announced first quarter 2015 net income attributable to EQT of $173.4 million, or $1.14 per diluted share (EPS), comparable to the first quarter 2014 earnings of $192.2 million, or $1.26 per diluted share. Adjusted net income was $164.3 million in the first quarter 2015, $41.2 million lower than the..."

Gas & Oil:  2015 Oil & Gas Expo: The Utica Hotspot   -   "Natural gas liquids ethane, propane, and butane are all being pulled out of the eastern Ohio ground and subsequently pushed through pipelines then processed. These wet gases are pooled in sweet spots across the Utica Shale, anchored at the Appalachian Basin. Despite the current downtown and volatility of the..."

Seeking Alpha:  Some Of PDC Energy's Wells Can Break Even At $22 WTI   -   "On April 9, PDC Energy (NASDAQ:PDCE) hosted its annual analyst day event for 2015, providing investors with a massive update on its operations. PDC Energy is a small upstream player with operations in the Utica shale and the Wattenberg Field, which houses the prolific Niobrara and Codell..."

Energy in Depth:  Five Questions about SMU’s New Azle Earthquake Study   -   "Today, scientists from Southern Methodist University, the University of Texas, and the U.S. Geological Survey released a new research paper in the journal Nature Communications, entitled “Causal factors for seismicity near Azle, Texas.” Through a process of elimination, the researchers concluded..."

Washington Post:  The U.S.’s energy infrastructure will need major changes, says Obama report   -   "The U.S. electric grid will require major changes to reposition itself for the future challenges of climate change, new technologies, and national security in coming decades, according to a first-ever “Quadrennial Energy Review” released by the Obama administration. The report says..."

Washington Free Beacon:  Report: Science Behind NY Fracking Ban Tainted by Money, Politics   -   "The scientific research underlying New York’s ban on an innovative oil and gas extraction technique was funded and produced by activists deeply involved in the political campaign to ban the practice, according to a report..."

State of Michigan Attorney General:  Schuette, Creagh Announce $25 Million Civil Settlement, Two Criminal No Contest Pleas by Chesapeake Energy Corp. to Resolve Racketeering, Bid-Rigging Allegations


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