Not only does Pennsylvania produce 20 percent of the national gas supply, but the Commonwealth also saw record production for the first six months of 2014.
According to David Spigelmyer, president of the Marcellus Shale Coalition, unconventional wells in 2008 were producing 25 percent of Pennsylvania’s natural gas supply. Within five years, the state is producing 20 percent of the nation’s natural gas supply.
Southwestern Pennsylvania’s Washington County was the top supplier yielding 198 billion cubic feet.
Click here to read the entire Pittsburgh Business Times article.
Congratulations to Ronald W. Schuler, Member in Charge of the Pittsburgh Office, for being recognized as a leader in the energy industry.
Mr. Schuler was selected by the Pittsburgh Business Times for their annual Who’s Who in Energy list. Every year, the Pittsburgh Business Times recognizes key players in the energy industry for southwestern Pennsylvania.
Mr. Schuler is a corporate, securities and commercial transactions lawyer with extensive experience in mergers and acquisitions, public offerings, private placement financings, and numerous types of contracts for clients within the energy, software, biotechnology and telecommunications industries. He served as chief administrative and senior operations executive for a $100+ million Appalachian oil and gas production company, developing an intimate knowledge of oil and gas transactions, joint ventures, leasing and land matters, and energy derivatives. He works with exploration companies on matters relating to large-scale Marcellus Shale acquisition and development.
In addition to this accolade, Mr. Schuler is AV® Preeminent™ Peer Review Rated by Martindale-Hubbell. He was named Best Lawyers® 2015 “Lawyer of the Year” for Mergers and Acquisitions Law in Pittsburgh. He is continually selected by his peers for inclusion in The Best Lawyers in America in the areas of Corporate Law and Mergers and Acquisitions Law. And, he is listed in Chambers USA America’s Leading Business Lawyers, Corporate/M&A & Private Equity.
Please join us in congratulating Ron on this great honor.
Nearly 95 percent of Pennsylvania’s Shale producers participated in the Marcellus Shale Coalition’s annual workforce survey.
Key survey highlights include:
- 26.5 percent of new hires work in engineering and construction, 23 percent of new hires work in equipment operations; 15.2 percent in operations and maintenance, 8 percent in administration, 7 percent in land and 5 percent in environmental, health & safety;
- 83 percent of new hires came from Marcellus Shale [Pa., Oh., W.Va., N.Y., Md.] states;
- Positions most difficult to fill;
- Workforce diversity; and
- Recruitment methods and challenges, including educational and professional training needs.
Is the industry growing, stagnant or declining? Click here to read the entire study.
With fewer than 125 days left in 2014, we find ourselves looking at What’s Next for the oil & gas industry in the Marcellus and Utica Shale Plays for the remainder of 2014. It has been an eventful year and with just four months until 2015, we look forward and identify key events and issues that are top of mind.
There are a wide range of upcoming events with programs and topics relevant to E&P, midstream, field services and downstream markets. Annual meetings, summits, roundtables and conferences provide valuable opportunities to learn from and connect with industry leaders. Click here for the entire list.
2014-2015 Legislative Issues
Those with interests in the Marcellus and Utica Shales will be actively monitoring the rulemaking process in the remainder of 2014, while preparing legislative initiatives and agendas for 2015. We take a look at prominent issues in Pennsylvania, West Virginia and Ohio that will be at the forefront. Click here to read the entire article.
The Pittsburgh Business Times recently reported that Pennsylvania has been recognized for its friendliness toward foreign investment.
According to the article, “A corporate organization promoting foreign investment has recognized Pennsylvania as an up-and-coming place for energy-intensive industries.
The recognition is from the Foreign Direct Investment Association, which named the state as its top Destination of the Future for Energy-Intensive Industries.
Second on the list was the Canadian province of Ontario, followed by the British city of Sheffield and the Swedish city of Ostersund, which were tied for third.
‘The second annual FDI Association Awards recognize the achievements of countries or regions that have made an effort to meet the needs of foreign investors,’ said Jason Hickey, president of Hickey & Associates LLC and a member of the panel that judged nominations, in a statement.
‘Companies are increasingly aware of energy costs and water shortages and their quest for sustainable solutions leads them to locations that have adapted their natural resources or local environment to meet these criteria,’ he said.
Click here to read the rest of the article.
The $6 billion merger of Williams Partners and Access Midstream Partners is proving to have a major impact on the Marcellus and Utica shales.
The Pittsburgh Business Times provides insight here.
Legal challenges could hinder progress on the pipeline moving natural gas liquids from the Marcellus Shale in western Pennsylvania to Marcus Hook.
Click here to read the entire NPR article.
Scott Rotruck, Director of Energy & Transportation Services, recently attended the Developing Unconventional Gas Conference.
I had the great learning experience of attending The Sixth Annual Developing Unconventional Gas Conference, known as DUG East, earlier this month. The conference is based around the sharing of ideas, performance updates, and networking across the supply chain of the Marcellus and Utica shales.
DUG East brought the best and brightest corporate leadership together to update the 3,200 attendees on the innovation, continuous improvement, and execution of business plans in the 95,000 square mile Marcellus Shale and in its older, deeper and at 170,000 square miles, even geographically larger, Utica Shale.
William Gladstone, four-time Prime Minister of England, once observed all you needed to know about a country was whether people were trying to get into or out of it. Therefore, applying a similar metric to U.S. shale plays provides a powerful affirmation that the best and brightest minds in energy see the long-term opportunities as being very abundant.
The following are several personal takeaways from the conference….click here to read the entire article.
One of the most important components needed for safe natural gas drilling is high-quality steel pipe.
With the federal government now investigating illegal “dumping” of key manufactured products by foreign companies, there is hope that Pennsylvania steel can profit from this booming industry.
Click here to read the entire article.
Act 13’s Impact Fee revenues are expected to surpass $630 million through 2014.
The majority of the funds are distributed to counties and municipalities across the Commonwealth for a variety of uses including environmental, public safety, infrastructure, emergency response and conservation programs.
Read the entire article on Pennsylvania Business Central here.