Monthly Archives: December 2015

APPI ENERGY Understanding natural gas trends helps WACC members make smarter energy management decisions. Today s natural gas prices are driven by domestic natural gas resources, consumer demand, and electricity generation that uses natural gas-fired turbines. Production An abundance of natural gas resources in the U.S., coupled with enhanced drilling techniques, has led to historic increases in natural gas production. In May 2015, natural gas production in the U.S. reached an all-time high of 45.6 billion cubic feet per day in the shale regions, including the Marcellus in Pennsylvania. In August 2015, the U.S. Energy Information Administration (EIA) Short Term Energy Outlook predicted that total U.S. gas production would increase by 4 billion cubic feet per day in 2015 compared to 2014, reaching 78.7 billion cubic feet per day. Horizontal drilling and hydraulic fracturing, also known as fracking, are innovative techniques for capturing natural gas in shale formations, including the M


About two years ago GE made the prudent business decision to move into the new lucrative shale plays in the US. To fund the move they began selling off their massive financial business line that was being hampered by new government regulations that would change their financial business model. So it’s no surprise that GE is now working in the locomotive business too. With a brother-in-law that successfully works in the national trucking industry for over 20 yrs says it is getting tougher and tougher for the trucking industry due to the lack of CDL truck drivers. The oil & gas industry is always advertising for CDL drivers. So it’s no surprise that Eco imaginative GE is working towards a locomotive fueled by LNG. The rail industry has already benefited by the shale industry as expressed by CSX, NorfolkSouthern and Union Pacific. In Lycoming County (PA) alone the rail traffic has increased by over 800% since 2010. The rail system transports items such as sand as well as pipeline. Way

MarkWest Energy Partners to Discuss Recent Merger at 2016 Marcellus-Utica Midstream Conference Houston, Texas (December 16, 2015) – Hart Energy’s 7th Marcellus-Utica Midstream conference and exhibition will unite the region s top companies January 26-28, 2016, for an in-depth look at upstream and midstream activity throughout the Appalachian plays. Midstream’s biggest stakeholders are working to make the region a net exporter of natural gas ahead of the rest of the country. Held at the David L. Lawrence Convention Center, this event offers firsthand knowledge about the region’s potential. Just this month, MarkWest Energy Partners announced the completion of a merger to become a wholly-owned subsidiary of MPLX. The operator leads the Appalachian region in gathering, processing and fractionation services. Conference attendees will hear from Scott J. Garner, a vice president for the company. Garner will discuss how combining with a leading pipeline and terminal operator will affe

House Republicans announced a deal late Tuesday between the GOP-led Congress and the White House on a trillion-dollar, year-end tax and spending package to fund the government through fiscal year 2016.Part of the massive package is the lifting of the 40-year-old ban on exporting crude oil. The export ban was imposed during energy shortages of the 1970s, but has been declared outdated by industry allies. Environmentalists say lifting it would amount to a giant windfall for the oil industry. It puts the United States in the driver’s seat of energy policy worldwide, Representative Joe Barton (Republican-Texas) said. The change still subject to Senate and House approval is a huge victory, he said.Limits on U.S. oil exports would be lifted immediately, according to the bill released early Wednesday by the House Appropriations Committee. It would allow the president to impose restrictions on exports for national-security reasons and in case of a shortage. Sources said the bargain would al

Pennsylvania’s elk is one of the great resources of the state. The elk herd’s range is currently believed to extend into parts of Elk, Cameron, McKean, Potter, Clinton, Centre & Clearfield counties with the central point of the herd being located in Elk and more specifically Benezette. All of these counties are in the Marcellus Shale region Nearly seven years into Pennsylvania’s Marcellus Shale drilling boom, wildlife officials say the state’s elk population continues to flourish despite concerns about industrial footprints, wildlife displacement and habitat degradation. “It hasn’t disturbed any habitat, in fact, it probably creates more than there was to begin with,” said Pennsylvania Game Commission elk biologist Jeremy Banfield, referencing companies who cover defunct well pads with grass, prime elk habitat. The elk population has nearly doubled since 2008, when the state’s Marcellus Shale drilling boom began, rising from 500 to more than 880 and increasing every ye

National Fuel Gas’ Seneca Resources exploration and production unit has formed a joint venture with an affiliate of private equity firm IOG Capital and asset manager Fortress Investment Group to develop Marcellus Shale natural gas assets in Northcentral Pennsylvania.The JV could save Seneca roughly $380 million in drilling costs over two years, Kallanish Energy understands.Seneca and IOG will jointly participate in a drilling program to develop up to 80 Marcellus wells located on roughly 10,500 acres in Pennsylvania’s Clermont/Rich Valley area.IOG will hold an 80% working interest, is obligated to participate in the first 42 wells and has a one-time option to participate in the remaining 38 wells that can be exercised on or before July 1, 2016. IOG s obligation on the first 42 wells is expected to reduce Seneca s net capital expenditures by roughly $200 million in fiscal 2016, with an additional $180 million reduction spread across FY 2016 and 2017 if IOG participates in the remai