The Northeast has reached the “Distribution Phase” of the US Shale Revolution Now in its third year, on Monday New York Energy Week kicked off with a ‘Natural Gas Breakfast’ entitled “An Exploration into the Rise of Natural Gas” that was hosted by the CME Group. Since 2013, the NYEW series has brought more than… Keep reading →
Former Chesapeake Energy Chairman and CEO Aubrey McClendon is back in the news for allegedly stealing corporate secrets on his way out the door in 2013. McClendon is famous for founding Chesapeake and embracing new drilling technology that helped make the company one of the largest US natural gas producers. However, conflicts of interest began… Keep reading →
As 2015 is ushered in, about 40 U.S. pipeline projects are in various stages of development for receiving natural gas from the Marcellus and Utica shales, including six that came on line in 2014. All together, the projects represent more than 33 billion cubic feet (Bcf) per day of capacity and about $20 billion of… Keep reading →
In 2012, the city of Philadelphia announced plans to privatize the Philadelphia Gas Works (“PGW”). PGW is the nation’s largest municipality-owned natural gas utility with more than 6,000 miles of gas mains and service pipes supplying approximately 500,000 customers in the city of Philadelphia. The sale was positioned as a means to fix the municipal pension fund as well as the first step in developing Philadelphia as an energy hub, taking advantage of its proximity to the Marcellus and Utica Shale plays as well as its status as a coastal port.
The companies developing the Leviathan field off the coast of Israel have reportedly signed an initial agreement with a Jordanian power company for a multi-billion dollar, long-term natural gas supply deal. “Under the terms of the latest agreement, the gas is to be sold at oil-linked prices and will be delivered to a border location… Keep reading →
The idea that recent sequential earthquake activity, particularly in Ohio and Oklahoma, is related to hydraulic fracking and water disposal operations is gaining traction in some key drilling states. While there is no hard data to conclusively support the theory, action on the part of regulatory agencies will potentially present oil and gas companies with… Keep reading →
The story of the impact of oil and natural gas production story in Ohio is old – and new. Old in the sense the state was one of the country’s earliest producers of oil and natural gas. But also new, because development of the Utica Shale play in the past few years is responsible for… Keep reading →
Neat and messy, conservative and spendthrift, no we’re not talking about Felix and Oscar, but former ExxonMobil CEO Lee Raymond and former Chesapeake Chairman and CEO Aubrey McClendon, who have teamed up to run a shale gas venture focused on Ohio’s Utica Shale. “It may be the U.S. energy industry’s oddest couple: Lee Raymond, who… Keep reading →
By Javier E David First was Texas. Next came Pennsylvania and North Dakota. Could New York become the next U.S. shale hotspot? It’s a tantalizing prospect for some, given that the Empire State sits atop not one but two prolific shale formations, the Marcellus and the Utica. According to the most recent data from the… Keep reading →
Credit rating agency Standard & Poor’s has released a report that seeks to answer an important question: are there any more big, profitable shales on the order of a Bakken or an Eagle Ford to be found in the US? The primary feature of the two plays that makes them so attractive is their oil… Keep reading →
