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Thursday, August 3, 2017

08/03/17 Links of the Day: Rover Pipeline Problems, Cracker Plant Boosts Demand for Welders, and More

Marietta Times:  Oil, Gas Panel Full of Vacancies   -   "Residents living within or near the boundaries of property owned by the state of Ohio may not see any of their land or minerals being developed any time soon due to the Oil and Gas Leasing Commission having all..."

Seeking Alpha:  CONSOL Energy Q2 2017 Results - Earnings Call Transcript   -   "If you recall, last quarter we stated that we expected to turn in line three pads, one Marcellus and two Monroe County dry Utica pads. One of the delayed dry Utica pads was due to a fishing operation related to frac plug drill out which delayed the turn in line by..."

Ashland Times-Gazette:  Rover Pipeline Contractor Kept Incomplete Records   -   "The reason 2 million gallons of drilling slurry leaked during construction of the Rover Pipeline in April is hard to pinpoint because Rover and its drilling contractor kept incomplete records. J.D. Hair & Associates, an engineering firm brought in to study the leak, reached the conclusion in a report released Monday by the..."

Bloomberg:  Billionaire Behind the Dakota Access is "Baffled" by Complaints About His New Pipeline   -   "Billionaire pipeline magnate Kelcy Warren, who just months ago defeated environmentalists to finish his controversial Dakota Access oil pipeline, has stepped into the limelight once again -- this time, to defend a natural gas line..."

The Hill:  Court Tells EPA to Enforce Obama Methane Pollution Rule   -   "A federal court told the Environmental Protection Agency (EPA) Monday that it has to enforce an Obama administration methane pollution rule. The order from Court of Appeals for the District of Columbia Circuit came after the judges gave the agency a two-week reprieve from its ruling earlier in July that..."

Gas & Oil:  Ohio Supreme Court Rules in Oil & Gas Lease Interpretation Case   -   "In yet another case in a long series of rulings brought about by Ohio’s shale boom, the Supreme Court of Ohio has interpreted the terms of a certain oil and gas lease in favor of the producer and against the landowner. This case that should be a wake-up call to all landowners about the importance of having oil and gas leases carefully..."

WKSU:  Analysts, Investors and Local Landowners Look for Signs of a Revival of the Shale Boom   -   "Speculation is continuing among analysts and in trade publications that eastern Ohio’s Utica Shale play may be firing up again. July numbers for things like drilling rig count and infrastructure investment are expected to be up..."

Gas & Oil:  Ohio Court of Appeals Clarifies Production in Paying Quantities Rule   -   "On June 16, 2017, Ohio’s Seventh District Court of Appeals issued an important “paying quantities” decision against Beck Energy that will surely shape the future of many “lack of production” cases in Ohio. In Paulus v. Beck Energy Corp. 2017-Ohio-5716, the Court of Appeals, among other things, clarified..."

TribLIVE:  Beaver County's Shell Cracker Plant Project Boosts Demand for Local Welders   -   "An anticipated shortage of local welders to help build a multi-billion ethane cracker plant in Beaver County has led the Steamfitters Local 449 to step up recruitment efforts for apprentices. The union, which represents about 2,700 workers in 16 counties across..."

Reuters:  Scientists Turn to Big Data in Hunt for Minerals, Oil and Gas   -   "Scientists searching for everything from oil and gas to copper and gold are adopting techniques used by companies such as Netflix or Amazon to sift through vast amounts of data, a study showed on Tuesday. The method has already helped to discover 10 carbon-bearing minerals and could be widely applied to exploration, they wrote in the journal..."

Rigzone:  BP Sees Oil Prices Below $55 a Barrel in 2018   -   "BP expects global oil prices to hold within a range of $45-$55 a barrel next year as U.S. shale production grows, the British company's chief financial officer said on Tuesday. After a slow start to the year, global oil demand recovered in the second quarter of 2017 and was expected to grow by..."


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