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Monday, July 27, 2015

07/27/15 Links of the Day: NEXUS Can Conduct Surveys in Fulton County, More Layoffs in Oil Industry, and More

Fulton County Expositor:  Court: NEXUS Can Conduct Surveys   -   "Fifteen Fulton County residents who adamantly refused NEXUS surveyors access to their property have been ordered by Common Pleas Court Judge James E. Barber to step aside and let the work be completed. However, the time to complete..."

Seeking Alpha:  The Dry Gas Utica Is A Diamond - No Longer In The Rough And, As It Turns Out, As Big As The Ritz   -   "Those investors who are concerned that the Marcellus will run out of cheap natural gas too soon today have a reason to sigh with some relief - the Dry Gas Utica is standing by to help on the supply side and it is continuously proving to be a very capable..."

Marcellus.com:  Oil, Gas Industry Will Bounce Back From Low Prices   -   "The oil and gas industry eventually will bounce back from low energy prices, an Ohio Oil and Gas Association spokesman says. Mike Chadsey, the association’s director of public relations, provided an update on the overall industry Thursday to the Youngstown/Warren Regional Chamber at..."

NGI:  Weatherford Cuts 1,000 More, Mostly in U.S., Following Crushing Quarter   -   "Weatherford International plc is laying off another 1,000 people, mostly U.S. support staff, to deal with an energy industry that is "substantially underfunded and substantially underinvested," CEO Bernard J. Duroc-Danner said Thursday. The fourth-largest global oilfield services operator had..."

Magnum Hunter:  Magnum Hunter Resources Announces Dismissal of Last Remaining Stockholder Lawsuit   -   "Magnum Hunter Resources Corporation (NYSE: MHR) (NYSE MKT: MHR.PRC) (NYSE MKT: MHR.PRD) (NYSE MKT: MHR.PRE) (the "Company" or "Magnum Hunter") announced today that, on June 22, 2015, the 125th District Court of Harris County, Texas dismissed the last remaining stockholder derivative case against certain of the Company's ..."

NGI:  Encana Incurs $1B-Plus Consecutive Impairment, Lays Off 200   -   "Encana Corp. was stung for the second quarter in a row by impairment charges of more than $1 billion, as liquids production grew, natural gas output sank and commodity prices tanked. More than 200 people have been laid off since the start of..."

Energy in Depth:  New Methane Study Finds Low Emissions from Transmission and Storage Facilities   -   "Researchers at Colorado State University, partnering with the Environmental Defense Fund (EDF), released a new study today focusing on methane emissions from natural gas transmission and storage facilities. The study finds very low methane emissions that are very much in line with the Environmental Protection Agency’s (EPA) estimates in its..."

The Intelligencer/Wheeling News-Register:  Lots of Gas May Stay in Ground   -   "The Utica Shale formation may hold 782 trillion cubic feet of natural gas, but officials said that does not necessarily mean it will make economic sense to extract such an amount when the selling price is down by more than $1 per unit compared to..."

TheStreet:  Magnum Hunter Resources (MHR) Stock Sinks as Oil Prices Fall   -   "Shares of Magnum Hunter Resources (MHR - Get Report) were falling by 5.3% to $1.15 on Wednesday, as weekly oil data caused oil prices to fall. WTI oil for September delivery was down by 1.14% to $50.28 a barrel late Wednesday morning, and Brent crude oil for..."

Pittsburgh Business Times:  Rex Energy Sees Sharp Decline on Nasdaq   -   "Rex Energy Corp. shares dropped 14 percent by midafternoon Wednesday after an analyst downgraded the stock. Rex fell 48 cents, or 14.68 percent, to $2.79 a share by 2 p.m. It was near its 52-week low of $2.47 but had..."

Washington Times:  Nonsensical 'Fractivist' Pipeline Hysteria   -   "The anti-fracking movement has moved beyond the realm of the petty and unseemly into the ridiculous. Led by Yoko Ono, the avant-garde artist and widow of musician John Lennon, fracktivists are trying to stop construction of pipelines that would..."

Forbes:  Natural Gas Dominates Under EPA's "Clean Power Plan"   -   "The first “must know” about EPA’s “Clean Power Plan” (CPP) is that electricity is good and enables the basic services for human existence. We want to encourage, not discourage, the use of electricity. Electricity is a particularly high form of energy and..."

Forbes:  This Time Is Different: Chesapeake Energy Scraps Dividend Amid Oil And Gas Plunge   -   "Shale oil and gas driller Chesapeake Energy CHK -4.94% is scrapping its common stock dividend in order to maintain capital expenditure amid a sharp slump inenergy prices. The move, which goes in the opposite direction of ConocoPhillips's COP -3.13% decision last week to pare back capex and protect..."

Gas & Oil:  Wonder How the Utica Shale Play Got Its Name?   -   "The Utica Shale is a stratigraphical unit of Middle Ordovician age in the Appalachian Basin. It underlies much of the northeastern United States and adjacent parts of Canada. (First of all, stratigraphical: From the word stratigraphic, which means a branch of geology that studies rock layers (strata) and layering..."

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