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From: jrhana3/31/2012 11:04:44 AM
   of 6128
 
<A Rasmussen Survey found that 57% of Americans favored hydraulic fracturing in the production of oil and natural gas while just 22% oppose it.>


rasmussenreports.com 

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To: jrhana who wrote (5852)3/31/2012 11:43:45 AM
From: jrhana
   of 6128
 
Of course, 40% of Americans think of themselves as conservative and another 40% as middle of the road or moderate and only 20% consider themselves liberal.

But those 20% exert undue infrluence by a rigid propagandistic thought control of the media

So even tho the vast majority of the citizens favor frac drilling:

The <.... challenges by the Obama administration and environmental groups......>

exert undue influence through their control of the media


Which media BTW I never pay any attention to or even watch

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From: Glenn Petersen3/31/2012 12:23:40 PM
   of 6128
 
The EPA backs off on a well contamination case:

EPA Agrees to Dismiss Well Contamination Case Against Range

By Mike Lee
Bloomberg BusinessWeek
on March 30, 2012

The U.S. Environmental Protection Agency agreed to end a lawsuit that would’ve forced Range Resources Corp. (RRC) ( RRC) to fix natural-gas wells the government said were contaminating water in Parker County, Texas.

The agency withdrew an administrative order yesterday and joined with Range seeking dismissal of the case in a filing today in federal court in Dallas. The government wants to“shift the agency’s focus in this particular case away from litigation” and instead test water wells in the area, the agency said in a statement.

EPA ordered Range to fix leaks in the area in 2010, saying state regulators at the Texas Railroad Commission weren’t acting fast enough after residents complained of gas in their water wells. Range, based in Fort Worth, Texas, said gas was already present in local water and its operations weren’t the cause.

Range uses hydraulic fracturing in Texas’s Barnett Shale, shooting water, chemicals and sand underground to get oil and gas from dense rock formations. Environmental groups, including the Natural Resources Defense Council, say the technique known as fracking can contaminate local water supplies.

The EPA said in 2010 that the wells were fractured; it didn’t say whether fracking caused the gas leaks.

“It is very important for people who live in that community to trust that their environment, safety and health is protected,” Matt Pitzarella, a Range spokesman, said in a telephone interview. “We believe this withdrawal will help.”

Sampling Water Wells

The decision is “a vindication of the science-based processes at the Railroad Commission,” Barry Smitherman, chairman of the three-member state agency, said in a statement.


Range will sample 20 private water wells in the area each three months for a year and turn over the results to the federal government, according to a letter provided by the EPA. Range may also turn over data it got from state regulators. Pitzarella said the company had already committed to doing those tests before the EPA withdrew its order.

The EPA is conducting a nationwide study to determine if gas drilling and fracking contribute to water contamination.

On March 15, the agency said gas found in 11 water wells in Dimock, Pennsylvania, didn’t pose a health risk, a finding three scientists questioned after reviewing the results and seeing elevated methane levels.

The agency agreed with Wyoming state regulators on March 8 to conduct more tests at a site in Pavillion, where initial results found evidence that fracking contributed to water pollution. State regulators and industry officials questioned those initial results.

Range rose 2.1 percent to $58.14 at the close in New York.

The case is U.S. v. Range Production Co., 11:-cv-00116, U.S. District Court, Northern District of Texas (Dallas).

To contact the reporter on this story: Mike Lee in Dallas at mlee326@bloomberg.net

To contact the editor responsible for this story: Susan Warren at susanwarren@bloomberg.net

businessweek.com 

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To: Glenn Petersen who wrote (5854)3/31/2012 5:03:32 PM
From: jrhana
   of 6128
 
Well they picked on the wrong guy (ie company) with RRC whom I recall as being one tough customer.

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To: jrhana who wrote (5855)3/31/2012 7:35:31 PM
From: Glenn Petersen
   of 6128
 
While I would like to think that the EPA backed off based on the merits of their complaint, we have to remember that it is an election year.

Heckmann (HEK) has been busy:

The company recently raised $73.6 million, selling 18.4 million shares at $4.40 per share.

Heckmann Corporation Completes Public Offering of Common Stock

finance.yahoo.com 

The company recently announced a note offering

Heckmann Corporation Announces Planned Offering of $250,000,000 Senior Notes Due 2018

finance.yahoo.com 

Heckmann also acquired an oil recycling company:

Heckmann Corporation Announces Definitive Agreement to Acquire Thermo Fluids Inc. Expanding Heckmann’s Total Environmental Solutions Offering

Strategic Acquisition of Environmental and Fluid Services, Oil Collection and Recycling Company Diversifies Heckmann’s Revenue Stream and Balances Its Commodity Exposure


Thermo Fluids’ Business Model Provides Predictable Revenue, EBITDA and Operating Income Growth and Further Enhances Heckmann’s Environmental Services Capabilities

Press Release: Heckmann Corporation – Thu, Mar 8, 2012 4:01 PM EST

PITTSBURGH, Pa.--(BUSINESS WIRE)-- Heckmann Corporation (NYSE: HEK - News) today announced that it has signed a definitive agreement with CIVC Partners, a Chicago-based private equity firm, to acquire Thermo Fluids Inc. (“TFI”). TFI is a route-based environmental services and waste recycling solutions company that focuses primarily on the collection and recycling of used motor oil (“UMO”). TFI is the largest seller of commercial fuel oil from recovered UMO in the Western United States. This strategic acquisition expands Heckmann’s total environmental solutions offering and diversifies the Company’s operations by revenue, geography and customer base. The acquisition is expected to be immediately accretive to Heckmann’s earnings in 2012 and close early in the second quarter, subject to customary closing conditions.

Under terms of the Agreement, Heckmann plans to acquire TFI for $245 million to be paid in cash and shares of the Company’s common stock.

“Our focus to-date has been on total water and wastewater solutions for the shale oil and gas industry. TFI’s business expands our strategy to provide total environmental services to our customers,” said Richard J. Heckmann, Chairman and Chief Executive Officer of Heckmann Corporation. “This acquisition diversifies our revenue stream and extends our oil industry offering to include services for virgin and reprocessed oil. Similar to Heckmann Water Resources’ (HWR) comprehensive water services, TFI acts as an integrated single solutions provider for a number of environmental services, but primarily related to oil collection, recycling and resale. This is a highly fragmented and regulated industry with limited competition for complete service providers like TFI. TFI has a strong business model with robust and predictable revenue, EBITDA and operating income growth that will contribute to our top and bottom lines immediately. We expect approximately 31% of our revenues in 2012 to come from recovered and reprocessed used oil and other environmental services from Thermo Fluids. The management team at TFI brings considerable knowledge and expertise that broadens our leadership. With the strong team assembled by James Devlin, TFI’s CEO, we will immediately embark on an internal and external growth strategy. Additionally, we can leverage the expertise of our management team, as we successfully built and operated an identical business and strategy as part of US Filter.”

Assuming three quarters of operations, Heckmann expects Thermo Fluids Inc. to generate revenues between $105 and $115 million for the nine-month period following the closing of the transaction.

TFI has operations throughout the Western United States, with facilities and customers in 18 states where it is the No. 1 or No. 2 provider of oil collection and environmental services in approximately 80% of the areas it serves. TFI has 31 facilities, a fleet of approximately 290 trucks, more than 190 railcars and more than 230 employees. TFI customers include Walmart, Penske, Jiffy Lube, Halliburton, Peabody Energy, ConocoPhillips and CEMEX.

TFI has developed an efficient and low-cost process whereby UMO is converted into reprocessed fuel oil (“RFO”) utilizing a proprietary filtration process to remove impurities and produce a cleaner, more desirable RFO with superior energy output characteristics. RFO is sold to industrial customers for less than half the cost of the alternative, which is diesel fuel while generating more than twice the energy on a BTU adjusted basis. RFO is also increasingly sold to re-refiners as a critical feedstock for the production of base lubricants. In 2011, TFI processed and sold approximately 54 million gallons of reprocessed fuel oil to over 250 customers.

James Devlin, Chief Executive Officer of TFI stated, “We believe Heckmann is an ideal strategic partner for our business. Their leadership team is highly qualified with operational, environmental and regulatory expertise that folds into our current business. Both TFI and Heckmann are in growth modes, and our services complement and expand on Heckmann’s water solutions offering for the oil and gas industry. We are excited to join their team and to be part of the Heckmann total environmental solutions offering.”

Houlihan Lokey served as the financial advisor to Thermo Fluids and its principal shareholder, CIVC.

Additional information regarding the acquisition will be made available in Heckmann Corporation’s filings with the United States Securities and Exchange Commission on Form 8-K.

<snip>

finance.yahoo.com 

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To: Glenn Petersen who wrote (5856)4/1/2012 10:02:09 AM
From: jrhana
   of 6128
 
HEK


Another NG related company that will do very well despite Cramerica

Yes I had noticed that it had slid down a little. Iimagine it is a good buy anywhere below $5

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From: jrhana4/2/2012 11:25:59 AM
   of 6128
 
LNG's Secondary Offering Is A Golden Gift To Investors

seekingalpha.com 

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To: jrhana who wrote (5858)4/2/2012 11:27:21 AM
From: jrhana
   of 6128
 
I mean copywright smopywright, but I hope I have disturbed any great Gods by posting with a link from sleeping Alfalfa.

Hey the articles from december but It makes sense to me

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From: jrhana4/2/2012 3:34:25 PM
   of 6128
 
Exxon's Joke on Gas Drillers

online.wsj.com 


Kicking off Exxon Mobil's latest analyst day, Chief Executive Rex Tillerson joked that New York's springlike temperature Thursday was "wonderful for a visit" but "really bad for natural-gas prices." The punch line is that Exxon itself is bad for gas prices.

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To: jrhana who wrote (5860)4/2/2012 3:43:45 PM
From: jrhana
   of 6128
 
Well you gotta subscribe to read the rest, but I just noticed that I had clipped a very brief article from the WSJ on 2/17/12
<..... the 81%expansion in the resources of XTO, the U.S. shale gas business Exxon acquired for 41 billion in 2010. Exxon claims XTO now sits on 82 trillion subic feet equivalent of resources, which equates to more than three years of ht entire gas conslumption of the U.S. at the current rate of demand..........>
I

The article concludes as follows:

<For smaller, sometimes cash-constrained producers that extra gs in the ground delays even further the day that demand catches up supply and gas prices rise.
Exxon, meanwhile, will spend its time becoming a lower-cost competitor and finding even more reserves.

In other words, Exonn can afford to play the long game. It can even laugh about it.>

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