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Monday, March 20, 2017

03/20/17 Links of the Day: Trump Repudiates Climate Change, Another Shale Case Headed to Ohio Supreme Court, and More

GoErie.com:  Doing Business with the Cracker Plant   -   "A $6 billion petrochemical plant to be built near Pittsburgh over the next five years will produce more than the polyethylene building blocks for the plastics industry here and worldwide. It will also produce jobs, a new market for existing businesses, spinoff businesses and cheaper raw materials in the..."

Marcellus Drilling News:  EIA Drilling Report: Gas Prod to Hit Another Record High in April   -   "Yesterday MDN’s favorite government agency, the U.S. Energy Information Administration (EIA), issued our favorite monthly report–the Drilling Productivity Report (DPR). The DPR is the EIA’s best guess, based on expert data crunchers, as to how much each of the U.S.’s seven major shale plays will produce for both oil and natural gas in the..."

Canton Repository:  Editorial: Gas Industry Gushing Over Encouraging Signs   -   "In the volatile oil and gas industry, it has been a few years since the overall outlook has been encouraging. Signs lately, however, give industry followers reasons to be optimistic. Prices are trending in an upward direction, federal approval has come for several projects and the administration of President Donald Trump was barely in office when it backed two long-stalled, controversial..."

Tribune Chronicle:  Meeting to Address Oil, Gas Projects   -   "A briefing on oil and gas exploration and related pipeline construction activities is scheduled for 6:30 p.m. Thursday at the Trumbull Career and Technical Center. The program, open to the public, will be facilitated by Dale Arnold, Ohio Farm Bureau Federation director for energy, utility and local government..."

Bloomberg:  Trump Tax Cut May Save Oil Explorers $10 Billion, Boost Drilling   -   "The Trump administration’s plan to slash corporate tax rates could free up more than $10 billion a year for U.S. oil explorers, opening new opportunities to boost drilling at a time of uncertainty in the marketplace. Crude prices in New York have fallen 10 percent since the end of 2016 as added drilling in America’s shale fields offset..."

Bloomberg:  Trump to Drop Climate Change From Environmental Reviews, Source Says   -   "President Donald Trump is set to sign a sweeping directive to dramatically shrink the role climate change plays in decisions across the government, ranging from appliance standards to pipeline approvals, according to a person familiar with the administration’s plan. The order, which could be signed this week, goes far beyond a targeted assault on Obama-era measures blocking..."

The Tribune:  Work Begins on Burlington Area Pipeline Segment   -   "People in the Burlington area are seeing the first phases of construction on a new segment of a natural gas pipeline that will reach under the Ohio to Wayne County, West Virginia. Work on the BM-111 Loop..."

The Hill:  Trump to Repeal Obama Fracking Rule   -   "The Trump administration is planning to repeal former President Barack Obama’s landmark 2015 rule setting standards for hydraulic fracturing on federal land. Justice Department lawyers revealed the decision late Wednesday in a filing with the Denver-based Court of Appeals for the Tenth Circuit, where the federal government..."

Forbes:  Oil Prices Fell 12% Last Week. How Little You've Heard About It Shows How Much Has Changed   -   "Crude oil prices tumbled 12% to $47.72 a barrel for the week that ended March 14. While there are a lot of variables affecting oil prices, this drop didn't produce significant slides in prices of other assets, showing oil and much of the global economy appear closer to an equilibrium. "Last year oil was being viewed as..."

Oil & Gas Law Report:  Ohio Supreme Court to Hear Appeal on Expansion of Implied Covenants to Encompass Deep Rights   -   "On March 15th, 2017, the Ohio Supreme Court accepted a discretionary appeal in Alford v. Collins-McGregor Operating Company, Washington App. No. 16CA9, 2016-Ohio-5082. The Alfordappeal arises from the Washington County Court of Appeals, Ohio’s 4th Appellate District. In Alford, the 4th District declined to expand Ohio’s implied covenant of reasonable development to encompass unexplored, deep formations..."


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