From the U.S. Energy Information Administration today:
While the energy history of the United States is one of significant change, three fossil fuel sources—petroleum, natural gas, and coal—have made up at least 80% of total U.S. energy consumption for more than 100 years. Recent increases in the domestic production of petroleum liquids and natural gas prompted shifts between the uses of fossil fuels (largely from coal-fired to natural gas-fired power generation), but the predominance of these three energy sources is likely to continue into the future.To read more or comment...
From the Associated Press:
Oklahoma’s Supreme Court said New Dominion LLC can be sued for damage caused by an earthquake that a woman blames on disposal wells tied to fracking, in what may be the first such case to head to a jury trial.
Sandra Ladra sued New Dominion and Spess Oil Co. for injuries suffered to her knees and legs in November 2011, when a 5.0 magnitude earthquake struck near her home in central Oklahoma. She said the tremor caused the rock facing on her two- story fireplace and chimney to fall into the living room, where she was watching television with her family.
Oklahoma, a region not known for seismic activity, has experienced a rash of earthquakes since 2009, the same year area oil companies began using hydraulic fracturing, or fracking, to shatter deep rock layers to extract oil and gas. Fracked wells produce large quantities of wastewater, which drilling companies inject into ultra-deep disposal wells, which critics blame for causing earthquakes.To read more or comment...
The insurance protecting shale drillers against plummeting prices has become so crucial that for one company, SandRidge Energy Inc., payments from the hedges accounted for a stunning 64 percent of first-quarter revenue, Bloomburg Business reports.
Now the safety net is going away The insurance that producers bought before the collapse in oil is expiring. As they do, investors are left to wonder how these companies will make up the $3.7 billion the hedges earned them in the first quarter after crude sunk below $60 from a peak of $107 in mid-2014.To read more or comment...
From the Ohio Chamber of Coomerce on Wednesday:
NEXUS Gas Transmission Pipeline Brings Much Needed Energy Infrastructure & Jobs
NEXUS Gas Transmission recently filed its full set of draft Resource Reports that indicates six Ohio customers, including local distribution companies and industrial parks, have executed contracts to access supplies from the proposed pipeline route. According to Draft Resource Report 1 filed on June 12th, NEXUS has secured customers and supports future residential, commercial and industrial growth in Columbiana, Wayne, Medina, Erie, Wood and Lucas Counties.To read more or comment...
From a press release on Wednesday:
IPAA and API Renew Request to Fish and Wildlife Service in Fifth Round of Comments on the Northern Long-Eared Bat
WASHINGTON, D.C.– Today, the Independent Petroleum Association of America (IPAA) and the American Petroleum Institute (API) urged the U.S. Fish and Wildlife Service (FWS) to amend the Interim 4(d) Rule for the northern long-eared bat to reflect the fact that oil and gas development activities do not pose a significant threat to the existence of the bat. Failure to provide an exemption would impose unnecessary and costly burdens on the oil and gas industry, the local communities with which these companies reside, and the FWS, while not providing a measurable conservation benefit to the northern long-eared bat.To read more or comment...
Here is the resolution approved earlier this week by the Athens County commissioners on injection wells in Ohio:
Resolution For the Athens County Commissioners to Declare a Moratorium of New Injection Wells in Ohio, submitted July , 2015
To read more or comment...
Denver-based Four Points Energy LLC is buying $840 million of assets in Oklahoma from the Cheseapeake Energy Corp.
Click here to read more.
To read more or comment...
From a press release today:
MERRILLVILLE, Ind. & HOUSTON – NiSource Inc. (NYSE: NI) and Columbia Pipeline Group (NYSE: CPGX) (“CPG”) announced today that the separation of the two companies was completed successfully through a distribution of all the common stock of CPG held by NiSource to NiSource shareholders.
Under the terms of the distribution, effective at 11:59 p.m., New York City time, on July 1, 2015, NiSource shareholders were distributed one (1) share of CPG stock for every one (1) share of NiSource common stock they held as of 5:00 p.m. CT on June 19, 2015, the record date.
Beginning with today’s market open, CPG will begin “regular way” trading on the NYSE as an independent public company under the symbol “CPGX.”
As of the separation, NiSource, based in Merrillville, Indiana, remains one of the largest natural gas utility companies in the United States, serving more than 3.5 million customers in seven states under the Columbia Gas and NIPSCO brands. The company also provides electric distribution, generation and transmission services for approximately 500,000 NIPSCO electric customers in northern Indiana. NiSource will continue to be listed on the New York Stock Exchange (NYSE: NI). Additional information about NiSource can be found at www.nisource.com.
"As a pure-play utility company, NiSource offers a fully regulated platform for growth with a storied track record of execution on stakeholder-supported system enhancement opportunities, which are expected to exceed $30 billion over the next 20-plus years,” said NiSource President and Chief Executive Officer Joseph Hamrock. “This straightforward and well-established plan is underpinned by a deep commitment to safety, customer service, environmental sensitivity and employee engagement.”
CPG, based in Houston, includes Columbia Gas Transmission, Columbia Gulf Transmission, Columbia Midstream Group, its ownership interest in Columbia Pipeline Partners LP (NYSE: CPPL), and other natural gas pipeline, storage and midstream holdings previously owned by NiSource. In total CPG operates more than 15,000 miles of natural gas transmission pipelines, nearly 300 billion cubic feet of underground natural gas storage working capacity, and a growing portfolio of midstream and related facilities. Additional information about CPG can be found at www.cpg.com.
“As an independent company, we are committed to unlocking significant value and enabling even greater growth investment,” said CPG Chairman and Chief Executive Officer Robert C. Skaggs, Jr. “We are actively executing on a significant number of transformational growth opportunities, as well as our landmark long-term system modernization program. These investments are expected to drive robust adjusted EBITDA and dividend growth and triple CPG’s net investment by 2020.”
NiSource Inc. (NYSE: NI) is one of the largest fully-regulated utility companies in the United States,
serving approximately 3.5 million natural gas customers and 500,000 electric customers across seven
states through its local Columbia Gas and NIPSCO brands. Based in Merrillville, Indiana, NiSource’s
more than 7,000 employees are focused on safely delivering reliable and affordable energy to our
customers and communities we serve. NiSource has been designated a World’s Most Ethical Company
by the Ethisphere Institute since 2012 and is a member of the Dow Jones Sustainability – North America
Index. Additional information about NiSource, its investments in modern infrastructure and systems, its
commitments and its local brands can be found at www.nisource.com. NI-F
About Columbia Pipeline Group
Columbia Pipeline Group operates approximately 15,000 miles of strategically located interstate pipeline,
gathering and processing assets extending from New York to the Gulf of Mexico, including an extensive
footprint in the Marcellus and Utica Shale production areas. CPG also operates one of the nation’s
largest underground natural gas storage systems. CPG is listed on the NYSE under the ticker symbol
CPGX. Additional information can be found at www.cpg.com.
Ohio's Athens County commissioners on Tuesday voted unanimously to seek a state-backed moratorium on new injection wells.
The request would not impact existing injection wells.
The Trumbull County commissioners approved a simialr resolution last week.
At present, injection wells are governed by the Ohio Department of Natural Resources.To read more or comment...
MarkWest Energy Partners has opened a new office in Cadiz in Ohio's Harrison County.
The 20,000-square-foot facility will house 70 to 80 workers.
Click here to read more.To read more or comment...
Chesapeake Energy Corp,the Oklahoma-based firm is the No. 1 driller in Ohio.
Rig Count Interactive Map by Baker Hughes, an energy services company.
Shale Sheet Fracking, a Youngstown Vindicator blog.
The Ohio Environmental Council, a statewide eco-group based in Columbus.
Earthjustice, a national eco-group.
People's Oil and Gas Collaborative-Ohio, a grass-roots group in Northeast Ohio.
Concerned Citizens of Medina County, a grass-roots group.
No Frack Ohio, a Columbus-based grass-roots group.
Fracking: Gas Drilling's Environmental Threat by ProPublica, an online journalism site.
Pipeline, blog from Pittsburgh Post-Gazette on Marcellus shale drilling.
Allegheny Front, environmental public radio for Western Pennsylvania.