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Thursday
Dec292011

Geochemistry scientist on fracking: "The problem is going to get worse, not better"

Until recently, there have not been scientifically grounded independent investigations that seek to fully understand the role of fracking in most groundwater contamination incidents . One exception is the investigation of the groundwater contamination in Bainbridge Township, Ohio, where the state found that one of the contributing factors was: “the frac communicated directly with the well bore and was not confined within the “Clinton” reservoir.” 

http://switchboard.nrdc.org/blogs/amall/geochemistry_scientist_on_frac.html

Thursday
Dec292011

Natural Gas Stocks

The Marcellus Shale in the Appalachian Basin contains extensive natural gas reserves. The Marcellus Shale covers parts of New York, Pennsylvania, Ohio, Maryland, West Virginia, and Virginia. It also covers small portions of Kentucky, and Tennessee, and runs into the southern Ontario region of Canada.

The natural gas in the Marcellus Shale is extracted using horizontal drilling and hydraulic fracturing or ‘fracking’ techniques. I’ve compiled a list of eight companies doing significant business in the Marcellus Shale.

http://seekingalpha.com/article/314994-how-to-benefit-from-these-8-marcellus-shale-natural-gas-stocks

Company

PE Ratio

PEG

EPS

Op.Cash Flow

Cash

Debt

5 Year Expected Annual

Earnings Growth

Chesapeake

(CHK)

9.3

0.81

1.99

$4.87B

$111M

$11.84B

9.96%

EOG Resources

(EOG)

21.52

0.36

3.9

$3.96B

$1.39B

$5.23B

75.99%

Anadarko

(APC)

20.84

0.84

-4.38

$5.91B

$3.49B

$13.94B

27.57%

Penn Virginia

(PVA)

N/A

-0.76

-2.8

$114.13M

$3.58M

$613M

5%

ExxonMobil

(XOM)

9.59

1.07

8.28

$57.65B

$11.02B

$16.76B

8.75%

Range Resources

(RRC)

42.1

1.38

-1.63

$528.25M

$51.88M

$1.79B

41.3%

Exco Resources

(XCO)

11.12

0.65

0.54

$419.26M

$56.42M

$1.71B

21.67%

EQT Corp.

(EQT)

20.13

0.97

3.09

$882M

$334.9M

$2B

25.67%

Thursday
Dec292011

Josh Mandel questions Sherrod Brown's positions, but only addresses some of his own

Brown, a senator since 2007, has had to walk a fine line as an industrial-state Democrat. He supports the goal of cleaner air but sometimes questions the speed at which it can be had and demands more federal help for Ohio to ease the transition from so-called dirty to green energy. His spokeswoman, Meghan Dubyak, said he rejects "the false choice between having clean air to breathe and a job to support a family."

"He has led the fight to ensure that efforts to reduce pollution create jobs in the U.S., rather than jeopardize them," she said. "Ohio's children and families deserve protection from mercury, arsenic, and other pollutants. We need to be concerned about jobs lost, and lives lost, too."

She said Brown will be "closely following the implementation of this court-ordered rule that is the outgrowth of legislation signed into law by President Bush more than 20 years ago." If it is unworkable, he'll explore remedies to make it more flexible, she said.

Physician groups meantime praised the EPA rule. The co-director of the Asthma Center Respiratory Institute at the Cleveland Clinic said the critics' economic claims fail to take into account the high cost of power plant and industrial pollution in terms of poor health, missed work and the need for medical care.

Dr. Sumita B. Khatri, a pulmonary and intensive care specialist at the Clinic, said the EPA rule is "extremely good for Ohio, because ultimately our currency is our people." Numerous studies show that in areas with high particulate-matter levels, "there are more admissions for respiratory diseases, there are more asthma symptoms," she said. "So from a medical standpoint, all the medical societies who work with science and look at peer-reviewed articles -- you can't just publish this if it's junk or if it's activist work -- they subscribe to this scientific fact that there's this association."

Mandel's criticism followed an attack last month in which he said Brown sided with "fringe extremists" and "Washington bureaucrats" who were blocking fracking, or fracturing of shale deep in the earth to extract natural gas, in Ohio. Mandel repeated the claim when issuing his statement Thursday on the EPA mercury rule.

Mandel's fracking comments came after Brown told a radio interviewer that he understood the desire of the Athens, Ohio, mayor, area county commissioners and the president of Ohio University to preserve their water supply's safety. He did not say he objected to fracking. The official who got a delay for more study of fracking in the Wayne National Forest was the local forest supervisor, not a Washington bureaucrat, and her decision affected less than 1 percent of Ohio land where fracking could occur.

PolitiFact Ohio, a fact-checking feature of The Plain Dealer, found Mandel's fracking attack ridiculously false and labeled it "Pants on Fire."

Despite these two recent episodes, Mandel has remained silent on other issues. As debate raged late this week, his campaign would not say whether he supported extending the payroll tax cut and unemployment benefits that had Congress tied in knots. Brown as well as Portman supported a short-term extension to buy more time for a longer-lasting plan, while many House conservatives balked. The two sides reached an agreement late Thursday.

Thursday
Dec292011

Fracking wastewater leaked onto Ohio roads

--Ohio Department of Transportation officials said a truck hauling wastewater from the process of hydraulic fracturing, or fracking, spilled part of its load Thursday along two state roads in Monroe County, Ohio.

WOODSFIELD, Ohio - A spill of fracking wastewater in Monroe County has residents there concerned about whether officials there are prepared to handle the coming boom, as more and more contractors access shale formations deep underground.

Ohio Department of Transportation officials said a truck hauling wastewater from the process of hydraulic fracturing, or fracking, spilled part of its load Thursday along two state roads in Monroe County, Ohio.

Terrill Wickham, ODOT clerk at the Monroe County garage, said the spill involved about four miles along Ohio 537 and about six miles on Ohio 260 near Marr, and was reported around 7 a.m. to the Ohio State Highway Patrol after a motorist indicated there were some slick areas on at least one of the roads.

"We thought it was going to be much worse than it was," he said. "We were afraid it was oil but it was mostly salt water and a few spots with a muddy slurry."

Wickham said 20 tons of sand was poured over the affected roads to soak up the mixture and provide better traction in some areas that were slick.

He said there were no immediate environmental concerns that he was made aware of.

A supervisor with the Ohio State Highway Patrol was not immediately available on Friday.

Mike and Ruth Partin, who live on Ohio 260 where the spill occurred, said the sand was not enough of a solution.

"The sand is not absorbing this stuff," said Ruth Partin. "It just lays over top of it and it's all still there. Now it's rained and whatever all that was and the contaminants that may have come up with it has run everywhere."

The couple spent the day Friday talking to officials with the Ohio Environmental Protection Agency, ODOT, the Occupational Safety and Health Administration (OSHA) and the Ohio Department of Natural Resources and say they were told an environmental study should be done, although they've seen no sign that it's begun. Half a dozen neighbors she talked to were also "very concerned," Partin said.

 

 

Thursday
Dec292011

New Pipeline to carry Ohio gas

The Texas Eastern pipeline already goes through Ohio from east to west. This new addition will create a connection between the pipeline and the northeastern  Ohio counties that are expected to have the most shale-gas resources, though the specific path is still being determined.

http://www.menafn.com/qn_news_story.asp?storyid=%7B1d062094-b387-4653-bbc1-52c31d8cec09%7D

Monday
Dec192011

Submit Your Protest Against Relaxation Of Fracking Rules!

Send your letter to to minerals@dnr.state.oh.us by Dec. 23 

By Bernhard Debatin

As detailed in the previous post, the Ohio Department of Natural Resources iscalling for comments on proposed changes to the regulations about fracking. If implemented, the changes will make things considerably easier for the fracking industry without sufficient regard for people’s health, safety, and well-being, and without sufficient protection of the environment.

Here are the four most serious changes in the draft document for the amendments to the Ohio Administrative Code:

Unconventional disposal (dumping) of wastewater In Wetzel County, WV

1. Wastewater Disposal.Fracking companies no longer need to declare how, where, and with whom they’ll dispose their wastewater. This means that there’s no sufficient oversight by ODNR; there isn’t any closed and monitored chain of accountability between the production of the wastewater and its disposal.

2. Property Value. Fracking companies no longer need to provide an independent appraisal or the county auditor’s assessment of all real estate above the twenty-thousand dollar value. Under these rules, it will be up to landowners to obtain costly appraisals. This is an undue cost-shifting onto the landowners and makes it harder for individuals to claim damages to their property value during and after fracking.

3. Saftey Distances. Tanks, fire heaters, and mechanical separators no longer need to be set at a defined safety distance to wells, roads, and inhabited buildings. Given the industry’s record of explosions and fires, this change would be extremely detrimental. Removing the minimal distance is also a complete relinquishment of the very idea of reasonable regulatory action.

4. Time Limits. Most existing limitations (usually 12 months) on permit expiration, operation commencement, and well plugging are lifted or extended, particularly in rural areas. This may result in a reality where people’s health and quality of life are less protected in non-urban areas than in urban ones. Are people in rural areas less important than those in urban areas?

It is appalling that ODNR is relaxing, rather than improving the regulations on fracking.

.................

If you’ do not agree with the proposed changes, send your comments by Dec. 23 to the Division of Oil and Gas Resources Management. Please feel free to use the above language to formulate your comments. You may also use and modify a longer draft letter that specifically addresses the changes in detail, which you can download as a Word Document from this site.

Send your letter via email to minerals@dnr.state.oh.us or mail it to this address:

Mineral Resources Management
2045 Morse Rd.
Building H-3
Columbus, OH 43229-6693

 

http://slowdownfracking.wordpress.com/2011/12/17/relaxation-of-fracking-rules/

Monday
Dec192011

New anti-frack group, “Ban Michigan Fracking” organizes

 

Contact: LuAnne Kozma, Ban Michigan Fracking

Email: info@banmichiganfracking.org
Novi, Mich.—A new anti-fracking grassroots activist group, “Ban Michigan Fracking,” organized this week to lead the movement for a statewide ban on fracking for shale or “natural” gas. And fresh from their success in preventing the Delaware River Basin Commission from altering its rules to allow fracking in the headwaters of that mighty river, a host of east-coast and Midwest anti-fracking organizations today welcomed “Ban Michigan Fracking” into the fold.
Ban Michigan Fracking formed to educate, advocate and organize to ban fracking and raise awareness of the dangers of gas drilling to the state’s economy, to the environment and to the health and safety of its people. Ban Michigan Fracking sees as its immediate task the critiquing of current legislation on fracking and water withdrawals that would actually facilitate fracking in the state.
Ban Michigan Fracking spokesperson LuAnne Kozma said, “We have learned from the experience of our sister-organizations in the east that only the total banning of this dangerous process can excite and mobilize people. The halfway measures that pretend to deal with fracking are really designed to fracture our movement and get us bogged down in regulatory detail. We know enough now to demand a ban and we stand with the majority of the informed public in telling our legislators to represent us and not corporate polluters threatening our communities and our way of life.”
Grassroots organizations on the east coast and in the Midwest agreed with that assessment.  Maura Stephens, a co-founder of Coalition to Protect New York, extended a welcome to Ban Michigan Fracking:  “Interstate solidarity and co-operation is the next, necessary level in our struggle against the corporations that would turn our country into a polluted resource colony.” In Pennsylvania, John Detwiler, of the group Marcellus Protest, pointed out “We’re not ‘naïve’ or ‘emotional’, as pro-drilling propaganda paints us:  we see what this industry has already done to other Americans.  Pennsylvania shows why our grassroots movement to ban hydrofracturing is gaining national momentum – we cannot rely on so-called regulation by our state government.”