Columbus Business First: Ohio sees $5.7B in new oil and gas infrastructure since spring - "Utica shale drilling activity in Ohio has led to $5.7 billion in new spending since spring, a Columbus law firm has found. According to Bricker & Eckler LLP, the industry has invested almost $33.7 billion since it started..."
Energy in Depth: Sierra Club (Reluctantly) Admits Fracking has Helped Lower CO2 Emissions - "The Sierra Club released a report last week attempting to argue that its “Beyond Coal”campaign is the reason that the United States has been able to achieve dramatic greenhouse gas reductions even though every credible organization from the Intergovernmental Panel on Climate Change (IPCC) to the International Energy Agency (IEA) to the Energy Information Administration (EIA) has said that it’s thanks to..."
Plastics News: Ohio, Pa. and W.Va. hope shale gas brings more investment - "Despite animus involving each other’s professional football teams, folks in Cleveland and Pittsburgh have more alike than they would probably want to admit. And that’s certainly true when it comes to the future of the plastics industry in..."
Associated Press: Without Keystone, industry must find new paths for oil - "Following the Obama administration's rejection of the Keystone XL pipeline, the oil industry faces the tricky task of making sure the crude oil targeted for the pipeline still gets where it needs to go. The pipeline, first proposed by TransCanada Corp. in 2008, was projected..."
Energy in Depth: New Information in Kiskadden Case Reveals Shoddy Journalism from PennLive, Again - "When it comes to reporting on accusations against the oil and gas industry in Pennsylvania, the media has a habit of generating headlines that suggest the worst possible scenario, even when that scenario has been ruled out by scientists and regulators. To provide just one example, in last month’s series on fracking, the Harrisburg Patriot-News ran..."
Powersource: Eclipse Resources said to be exploring a sale after 2014 IPO - "Eclipse Resources Corp., the oil and gas explorer active in the Appalachian Basin that went public last year, is exploring a sale, people with knowledge of the matter said. The State College, Pennsylvania-based company has been working with Morgan Stanley in recent months to solicit offers from rival explorers, said the people, who asked not to be identified because..."
USA Today: How fracking killed Keystone (and is saving the climate) - "Environmentalists are correct in calling President Obama’s decision to reject the Keystone XL pipelinea “symbolic” victory, but that description is too generous. For them, it’s a Pyrrhic victory of the first order because the main factor behind..."
The Columbus Dispatch: Kasich energy plan has critics hot - "John Kasich’s energy plan is aimed at sparking the economy by expanding production, but environmentalists say the Republican presidential candidate’s idea would increase pollution and the carbon emissions blamed..."
Seeking Alpha: Magnum Hunter: Teetering On The Brink Of A Restructuring - "Magnum Hunter Resources (MHR) has been dealing with tight liquidity through much of 2015, raising money through asset and stock sales to keep operations going. The sale of its Eureka Hunter stake was supposed to end any liquidity concerns until 2017, but that sale hasn't materialized..."
MarkWest Energy: Marathon Petroleum Corp. Increases Cash Consideration for MPLX/MarkWest Merger - "MPLX LP (NYSE: MPLX) and MarkWest Energy Partners, L.P. (NYSE: MWE) (MarkWest) today announced that in connection with the merger of MPLX and MarkWest,MPLX has agreed to increase the amount of the cash consideration payable to MarkWest common unitholders by $400 million, from $675 million to..."
NGI: Rex Energy Focused on Maintaining Drilling Program to Hold Core Acreage - "In a lean commodity price environment, Rex Energy Corp. is focused on financing a drilling program active enough to hold down its acreage in Western Pennsylvania and Eastern Ohio heading into 2016. CEO Thomas Stabley told investors..."
Seeking Alpha: The Rise of Rice Energy - "From an investor's point of view, the energy sector is currently in a unique situation. Plummeting and volatile prices have caused large drops in quality companies. Many see fear in a bear market, especially one as significant as oil; however, to the right eye, diamond shaped opportunities lie in the rough market. Rice Energy (NYSE:RICE) can be this..."
Bloomberg Business: Gas-Gushing Wells Have U.S. Stockpiles Swelling to Record - "U.S. natural gas drillers facing the lowest seasonal prices in two decades are trying to cut back supplies. The only problem: They’re too good at their jobs. Rigs are freeing record volumes of gas from new wells in six out of the seven largest U.S. shale deposits, Energy Information Administration data show. That’ll keep supplies expanding to all-time highs this year and next even as..."
Seeking Alpha: Eclipse Resources' (ECR) CEO Benjamin Hulburt on Q3 2015 Results - Earnings Call Transcript - "Eclipse Resources is continuing to focus on execution and efficiency in this challenging commodity environment. I'm pleased to announce that we had another outstanding quarter both operationally and financially, and I'd like to congratulate all of our superb employees for excelling at managing the things that we can control. We remained highly focused on lowering costs..."
Forbes: President Obama, "No" is Not an Energy Plan - "There’s a question I get often when it comes to leadership. The question is this: “What makes a great leader?” It’s simple. Be willing to make decisions and accept the consequences. Take into account all the information available, and make a call. That’s the most important quality in a good leader. Don’t fall victim to what I call the “ready-aim-aim aim-aim” syndrome. You must be willing to fire. It helps to be..."
Cleveland.com: From Ohio to Texas, the ripple effects of energy jobs touch many - "Bless or curse hydraulic fracturing, but you can't doubt its value to oil and gas workers. From Pennsylvania and Ohio to Texas, energy production provides some of the most financially rewarding jobs. Almost everyone else ought to be envious. Take Texas, where the shale revolution began..."
SNL: In dire financial straits, Magnum Hunter contemplates Chapter 11 protection - "Magnum Hunter Resources Corp. is exploring the possibility of undergoing Chapter 11 bankruptcy protection or private restructuring as it founders under the weight of heavy debt, a dismal balance sheet and plummeting shares brought about by the prevailing commodity price slump. "Based upon current commodity prices, we do not expect our cash flow from operations to be sufficient..."
The Denver Post: More study, same result on fracking - "One of the stock charges used by those who campaign to ban hydraulic fracturing in oil and gas drilling is that it endangers groundwater supplies. And yet the pile of studies largely refuting this fear-mongering keeps growing..."
Heartlander Magazine: Study of Premature Births Fails to Show Fracking Connection - "Serious methodological errors render unreliable the findings of a recent study titled “Unconventional Natural Gas Development and Birth Outcome in Pennsylvania, USA,” which suggested pregnant mothers living near hydraulic fracturing sites could be at a higher risk of giving birth to premature..."
Connect with us on Facebook and Twitter!