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Monday, November 13, 2017

Links of the Day: Rover Pipeline Progressing, Bowling Green Anti-Drilling Measure Flops, and More

Energy in Depth:  Anti-Fracking Antics in 2017 Have Been So Ridiculous It’s Scary   -   "The “Keep it In the Ground” movement has been a reliable source of ridiculous antics over the years, and 2017 has been no exception. In fact, anti-fracking stunts have been so absurd this year it’s downright scary..."

RBN Energy:  Back On Top - Marcellus/Utica Natural Gas Production Breaking Records Again   -   "A year ago, Lower-48 natural gas production was in steep decline and averaging less than 71 Bcf/d by the fall, down from nearly 74 Bcf/d in February 2016. The oil-price crash of 2014 had taken a toll on gas output, led by a drop in Texas. To add to that, Marcellus/Utica gas supply — which had helped prop up overall domestic gas production volumes — was no longer growing enough to..."

MDN:  FERC Gives Rover Pipe OK to Use Different Tech to Speed Up Drilling   -   "This story necessarily gets into the weeds of pipeline construction. But so you have the essential story line up front, this is it: On Monday Energy Transfer asked the Federal Energy Regulatory Commission (FERC) for permission to dump something called annular pressure monitoring (APM) when drilling..."

Bloomberg:  The Fracking Boom's Midlife Crisis   -   "Crude prices bouncing around $50 to $60 a barrel have kept U.S. shale producers stuck on the edge of profitability. That hasn’t been enough to shut down the oil boom in places such as North Dakota, Texas, and New Mexico—at least not yet. Drillers are heading into 2018 on the defensive as they face skepticism from shareholders who want to see..."

Vorys Energy & Environmental Law Blog:  Supreme Court of Ohio to Hear Landman Licensing Case   -   "In March, we posted about Dundics v. Eric Petroleum Corp., a decision by Ohio’s Seventh District Court of Appeals ruling that landmen were required to obtain real estate broker’s licenses in order to sue for compensation for brokering deals between landowners and oil and gas companies. Today, the Supreme Court of Ohio agreed to review the following..."

Seeking Alpha:  Chesapeake Energy (CHK) Q3 2017 Results - Earnings Call Transcript   -   "We're really excited about the program just continuing to evolve. As Doug mentioned, one of our strengths is the way that we use data and information across the company to optimize the asset and each technology from Haynesville and Utica and Eagle Ford and transfer those to these new..."

Seeking Alpha:  Gulfport Energy's (GPOR) CEO Mike Moore on Q3 2017 Results - Earnings Call Transcript   -   "On the operations front, in the Utica during the first nine months of 2017 we spud 77 gross wells utilizing six operating rigs, the wells release as an average drilled lateral length of approximately 7,882 feet and were normalized into an 8,000 foot lateral as assumed in our public type curve, we average the spud rig release of..."

Pittsburgh Business Times:  Rice Sees Production Increase — and Coins New Word — in Final 3Q Results   -   "Rice Energy Inc.’s final full quarter as a publicly traded company saw a production increase and the creation of a new word. Production in the third quarter was 131.2 billion cubic feet up from 68.7 million cubic feet in the same period a year ago with 32 wells drilled and 30 completed in the Marcellus and Utica..."

Associated Press:  Ohio Sues Gas Pipeline Developer Over Pollution Violations   -   "Ohio is suing the company building a $4.2 billion natural gas pipeline from West Virginia to Michigan over what it says are numerous water pollution violations during construction. The lawsuit filed Friday says work on the Rover Pipeline flooded a protected wetland with drilling mud and has damaged..."

Natural Gas Now:  Fracking is Killing Greenhouse Gas Emissions with Technology   -   "The EPA has a neat website tracking greenhouse gas emissions from onshore petroleum and natural gas production. The data shows they’re way down over the last five years in the Marcellus/Utica Shale region even though production is up and more data is being reported. Given that we know the substitution of natural gas for coal power generation has already..."

Business Wire:  Carrizo Oil & Gas Announces Third Quarter Results   -   "Over the past several months, Carrizo entered into agreements to sell its assets in the Utica Shale and Marcellus Shale. Both divestitures are currently expected to close during November; the impact of these divestitures on the Company's fourth quarter of 2017 production is estimated to be a reduction of approximately 3,050 Boe/d (2% oil) relative to..."

CNBC:  US Shale Oil Will Dominate the Market in Coming Years, OPEC Forecasts   -   "The American shale drillers that have upended the energy industry will capture much of the growth in oil demand in the coming years, OPECforecasts in a new report. But after years of booming U.S. production and flat output from OPEC, the tables will turn, the producer..."

Seeking Alpha:  Energy Transfer Partners LP (ETP) Q3 2017 Results - Earnings Call Transcript   -   "Growth on our Ohio River System in the Northeast continues to exceed our expectations, driven by greater than anticipated results from our anchor shippers on this pipeline in the dry Utica. We continue to see volumes fill up on our processing plants in the..."

The Blade:  Bowling Green Residents Reject Initiative That Would Ban Future Pipelines   -   "A citizen-led ballot initiative that calls for a ban on more pipelines transporting natural gas and other fossil fuels through city-owned property was soundly rejected by Bowling Green voters. The measure lost by a 61-39 percent margin. “I don't feel like it's an obituary,” said Terry Lodge, a Toledo attorney who represents citizens who successfully got the petition on the ballot. He added it has laid the groundwork for..."

World Oil:  Crude Tumbles After Shock Increases in Stored Oil and Production   -   "Traders dumped oil futures after a surprise increase in U.S. crude stockpiles and surging output dashed confidence that a worldwide glut is fading. Oil fell as much as 1.4% in New York after a U.S. government report on Wednesday found swelling crude stockpiles, shrinking overseas demand and skyrocketing output from American wells. The futures were on track for the first two-day decline in more than..."

Canton Repository:  Oil and Gas: Fuel for Business Growth   -   "From drilling to cheap energy to petrochemicals, oil and gas development can be an economic engine. Canton didn’t have a grand plan to become Ohio’s Utica Capital. Sure, local leaders cooked up the name and logo, but that was after the oil and gas industry had its sights on the energy-rich Utica Shale beneath eastern..."

EQT:  EQT Shareholders Approve Rice Energy Acquisition   -   "EQT Corporation (NYSE: EQT) today announced that, based on the final tabulation provided by its proxy solicitor, EQT shareholders have approved the pending transaction with Rice Energy Inc. (NYSE: RICE) at the Company’s special meeting held earlier today. Of the total shares cast, approximately 84% percent voted..."


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