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Wednesday, August 19, 2015

8/19/15 Links of the Day: States Fighting Clean Power Plan, A Look at Ruling Against NEXUS Pipeline, and More

Columbus Business First:  Private Equity Moving in on Shale Industry, Including in the Utica Region   -   "Private equity firms are about to make their presence known in the shale oil and gas industry. Prices have fallen since late 2014, but were on a slight upward tick in early summer. But since July there's been another dip, opening up opportunities for private equity, Reuters reports. "While crude's retreat means more pain for..."

Townhall:  Like Cheap Natural Gas? Obama’s Clean Power Plan Will Regulate It Out of Existence   -   "U.S. households are saving hundreds of dollars a year because natural gas prices are low, but that’s about to change. Astudy by NERA Economic Consulting has found new regulations on power plants mandated by the Environmental Protection Agency’s Clean Power Plan (CPP) will increase natural gas prices to..."

NGI:  Fifteen States Ask Federal Court to Postpone Clean Power Plan Deadlines   -   "Fifteen states - led by West Virginia and including several oil and gas heavyweights - have filed an emergency petition in federal court, urging it to postpone the deadlines set forth earlier this month by the Obama administration's Clean Power Plan (CPP). On Thursday, attorneys general for the 15 states..."

Gas & Oil:  Utica Shale Academy Grad Now Working in the Industry   -   "Since graduating Utica Shale Academy in May, first-alumni Austin Sadler has landed a role with Express Energy Services as a caser in Toronto. Sadler attended the company's Express U program for training in Houston, Texas, from July 27-31 and was excited about his foray into the oil and gas field. The Lisbon resident became certified in four areas during his studies..."

Akron Beacon Journal:  A Look at Judge Rowland's Ruling Against NEXUS Pipeline   -   "Summit County Common Pleas Judge Mary Margaret Rowlands was not convinced the Texas-based company behind the Nexus Pipeline proved its need for a temporary restraining order to provide access for surveys on private property in Green and New Franklin. In her 11-page decision, Rowlands questioned whether Nexus Gas Transmission LLC has the authority it claims under Ohio law to..."

Shale Play:  Prof: Natural Gas May Foil Clean Power Plan   -   "Natural gas generates less carbon dioxide pollution when burning than coal does, so electricity plants using the alternative fuel have a better chance to meet the standards of President Barack Obama's Clean Power Plan. Still, West Virginia University Department of Occupational and Environmental Health Sciences Chairman Michael McCawley believes..."

Frackorporation:  Still Being the Clampetts   -   "Although a $2 bet is a far cry from signing a drill lease or a pipeline easement, the money dream is the same. Hitting it big and living easy. It’s the money dream that many people stay fixed on, that one day, maybe, they can set a spell on their porch and not worry about bills, or how they will pay for their kid’s college. For many, it is still a dream that they cling to despite being cheated out of royalties, despite losing their water, despite..."

Akron Beacon Journal:  Gulfport Energy Fund Awards $35,000 to 10 Ohio Projects   -   "The Gulfport Energy Fund at the Foundation for Appalachian Ohio has announced its first 2015 grant recipients. During this first round, the Gulfport Energy Fund awarded nearly $35,000 to ten projects throughout Belmont, Guernsey, Harrison, and Monroe counties. “We are proud to invest in educational opportunities through..."

Business Insider:  Natural Gas Companies Private Equity Tumbling   -   "Natural gas driller Samson Resources is planning to file for Chapter 11 bankruptcy by August 15, when a $110 million interest payment comes due on $2.25 billion of senior unsecured junk bonds, Bloomberg reported, citing “two people with knowledge of the matter.” Samson doesn’t have the money, can’t pay, and..."

Seeking Alpha:  Saudi Arabia vs. Shale - A Game of Chicken!   -   "In the world of oil, many conspiracy theories prevail. Most of them are complex, opaque, and most of all, highly political. But one of them is about plain vanilla competition. Although never mentioned explicitly, the decision by OPEC not to lower production was surely aimed at driving, at least some, U.S. shale producers out of business. As a result..."

MarkWest Energy:  MarkWest Energy Partners and The Energy & Minerals Group Announce Strategic Expansion of Dry Gas Gathering Capabilities in Utica Shale to Support Ascent Resources and Other Producers   -   "MarkWest Energy Partners, L.P. (NYSE: MWE) (“MarkWest” and “the Partnership”) and The Energy & Minerals Group (“EMG”) today announced the development of a new, large-scale dry gas gathering system to strategically expand the parties’ leading midstream position in the Utica Shale. The extensive system will be..."

JDSupra:  Energy Insights: An Update from the Second Quarter of 2015   -   "In two unrelated events, the Pennsylvania Appeals Court in April 2015 in Stacey Haney et al. v. Range Resources-Appalachia Inc. declined to review a trial court’s order directing Range Resources to produce proprietary information on chemicals supplied by third parties to its Marcellus Shale drilling site. The case involved a dispute over alleged personal injuries and property damage caused by contamination..."

Bloomberg:  Natural Gas Drillers Can't Catch a Break   -   "Natural gas drillers who flocked to liquids-rich basins in search of better profits just can’t seem to catch a break. Seven years ago, as shale output surged and gas futures tumbled more than 60 percent, producers abandoned reservoirs that only yielded gas and moved rigs to wells that also contained ethane, propane and other so-called..."

Energy in Depth:  Four Facts to Know About a New Delaware Riverkeeper Commissioned Study   -   "A new study developed by CNA Analysis and Solutions for the anti-fracking Delaware Riverkeeper Network makes the claim that “fracking could irreversibly damage the economy and drinking water” in the Delaware River Basin (DRB). Unsurprisingly, the report not only ignored the scientific consensus that hydraulic fracturing does not pose a credible threat to ..."

The Daily Signal:  Obama's Methane Emission Regulations Don't Make Sense   -   "The Obama administration is proposing new regulations to reduce methane emissions for the oil and gas industry 40 percent to 45 percent from 2012 levels by 2025. Here are four things you need to know. 1. Methane emissions are not harmful. Methane emissions in the United States present no..."

Wall Street Journal:  Obama's Wind-Energy Lobby Gets Blown Away   -   "Chalk one up for the bald eagle. The avian symbol of American freedom has beaten theObama administration and the wind industry in court, though the majestic birds still do not stand a chance when flying near the subsidy-fueled blades of green-energy production. On Aug. 11, a federal judge in the Northern District of California shot down a rule..." 

Rigzone:  More Oil Pain Needed Before Energy Deals Seen Picking Up   -   "It may take another quarter of weakening oil prices before energy companies start selling assets, according to Australia’s Woodside Petroleum Ltd. Sellers that haven’t been willing to offload their best assets may begin putting them up for sale after suffering a few more months of..." 


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