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Saturday, October 15, 2016

10/15/16 Links of the Day: New Study From OSU, 6 Cracker Plants in Appalachian Basin?, and More

Seeking Alpha:  Marcellus Asset Valuation Moving Higher   -   "Last week, Rice Energy (NYSE:RICE) acquired Vantage Energy, a private operator owned by Quantum Energy Partners, Riverstone Holdings and Lime Rock Partners for a total of $2.7 billion. The acquisition is interesting as it represents an uptick in..."

Cleveland.com:  OSU Will Study Impact of Gas Pipeline Construction on Agricultural Fields   -   "Ohio State University will launch a study this fall in conjunction with a planned $500 million, 215-mile petroleum pipeline from Harrison County in Eastern Ohio to the Michigan border. The Utopia East pipeline project will transport 50,000 barrels a day of ethane and ethane-propane mixtures for..."

Marcellus Drilling News:  Multiple Lawsuits Against Chesapeake for Alleged Securities Fraud   -   "These lawsuits are new and stem from the recent announcement that the U.S. Department of Justice, Securities and Exchange Commission and even the U.S. Postal Service have launched investigations into Chesapeake (see Everybody Just Subpoenaed Chesapeake Energy for Everything). The suspicion is that Chesapeake may have engaged in securities fraud by making misleading or false..."

Kallanish Energy News:  Energy Giant Shell Wants to Sell Electricity in Ohio   -   "Oil Supermajor Royal Dutch Shell hopes to sell electricity to large businesses in Ohio, Kallanish Energy learns. Royal Dutch Shell’s Shell Energy North America subsidiary has applied to Ohio regulators to sell electricity to industrial companies and large commercial businesses in the state. Shell currently is authorized to sell power to..."

Canton Repository:  Utica Summit Talks Cracker Plants   -   "Shell Chemical Appalachia is building a $6 billion ethane cracker near Monaca, Pennsylvania. It is the first major U.S. cracker outside the Gulf Coast. A Thai company, PTT Global Chemical, is exploring a $5 billion project in Belmont County and has spent $100 million on project studies. Gellrich said Shell’s decision to build in the Appalachian Basin would serve as a catalyst for similar projects in the future. He predicted that as many as six crackers could be..."

Press release:  Cornerstone Pipeline Begins Operations, Provides Connectivity to Utica Shale   -   "MPLX LP (NYSE: MPLX) today announced that its newly constructed Cornerstone Pipeline is now fully operational. "Cornerstone is a state-of-the-art pipeline that adds superior safety, reliability and economics to existing transportation alternatives," said MPLX Chairman and CEO Gary R. Heminger. "As the first Utica shale..."

Royal Holloway University of London:  Wetlands and Agriculture, Not Fossil Fuels Could Be Causing a Global Rise in Methane   -   "Research published today in the American Geophysical Union’s journalGlobal Biogeochemical Cycles shows that recent rises in levels of methane in our atmosphere is being driven by biological sources, such as swamp gas, cow burps, or rice fields, rather than fossil fuel emissions. Atmospheric methane is..."

Natural Gas Now:  The Insufferable Josh Fox Loses It on BBC Radio   -   "Josh Fox was on BBC Radio earlier this week and made a complete ass of himself. He was totally insufferable. He talked rapidly and tried to overwhelm the BBC interviewer, Sarah Montague. He revealed his frustration there’s anyone in the world who could possibly disagree with him. He treated Montague as if she had no right to ask questions..."

The Blade:  Wood County Judge Nixes Pipeline Builder's Eminent Domain Plans   -   "A Wood County Common Pleas judge ruled today that the company behind the Utopia East pipeline project does not have eminent domain rights, throwing a potentially expensive roadblock into the project’s path. Judge Robert Pollex ruled that Kinder Morgan’s plan to pipe ethane from the Utica shale region in eastern Ohio to..."

Business Journal Daily:  Marathon Bets $1 Billion on Ohio Utica   -   "Eighty-five years ago, the Allegheny-Arrow Oil Co. commissioned a new refinery in Canton to process the crude oil that gushed out of the vertical wells in Ohio. Much of that local supply was exhausted over the next several decades, leaving the refinery to process oil shipped from other areas of the country and imported from abroad. Today, the refinery – now owned by Findlay, Ohio-based Marathon..."

Jones Day:  Ohio Supreme Court Decision Clarifies Mineral Rights in Utica and Marcellus Shale Plays   -   "Many states have "dormant mineral" legislation providing for the transfer of severed mineral interests to the surface owner if the mineral owner does not develop the minerals or take other action manifesting an intent to preserve his interest over an extended period of time, typically 20 years. The basic purpose of such legislation is..."


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