Monday, June 25, 2012

Penn. Marcellus News Update: 6/25/12

Fracking Concerns Turn To Worker Health Hazards And Potential Silica Exposure
Yesterday, the Occupational Safety and Health Administration (OSHA) and the National Institute for Occupational Safety and Health (NIOSH) issued a hazard alert aimed at ensuring that employers in hydraulic fracturing operations take appropriate steps to protect workers from silica exposure.
Dr. David Michaels, assistant secretary of labor for occupational safety and health, said:

Hazardous exposures to silica can and must be prevented. It is important for employers and workers to understand the hazards associated with silica exposure in hydraulic fracturing operations and how to protect workers.”
Three northeastern Pennsylvania families have reached a $1.6 million settlement with a gas drilling company over contaminated water wells.
But Jared McMicken of Wyalusing said the agreement reached Thursday provides little comfort since his drinking water was ruined by nearby drilling, and his family must move.
"We've lost our house, and we're not going to get out of it what we got into it," he said. "We have a bunch of people who have to leave their homes."
The dispute with Oklahoma-based Chesapeake Energy began in 2010. Wyalusing is about 160 miles northwest of Philadelphia.
McMicken said he and the other families in the case insisted that any settlement be made public. The arbitration trial began this week and was settled on the fourth day.
The sun was shining; blue sky dominated what few clouds there were. The heat that had everyone in Bradford County turning on all of their fans and air conditioners had finally subsided and gave way to a warm, breezy atmosphere.
It was the perfect day for an expo.
That's what happened at Alparon Park in Troy on Saturday, June 23. The Northern Tier Marcellus Shale Business Expo held its third year and featured 240 businesses from all parts of the country, multiple seminars, sophisticated natural gas equipment, raffles and lots of food and refreshments.
"We've had a great turnout, easily between 1,000 and 2,000 people," said Lauren Hotaling, countywide economic development manager for the Progress Authority. "The weather was great, the feedback we've received so far has been positive. Even third-year exhibitors have said they're glad that they've continued to come here."
Exhibitors were extensively varied throughout the expo, ranging from heavy equipment dealers to wildlife experts to woodworking companies.
JPMorgan Chase & Co. (JPM) and Goldman Sachs Group Inc. (GS) compete for banking and trading business from almost all of the world’s largest companies, with one notable exception: Chesapeake Energy Corp. (CHK), the second biggest U.S. gas producer now facing a cash-flow shortage.
For more than a decade, JPMorgan bankers have declined to do business with Chesapeake and its chief executive officer, Aubrey McClendon, 52, said people with knowledge of the matter. In contrast, Goldman Sachs, which once loaned money to McClendon against his wine collection, recently helped arrange a $4 billion loan for Oklahoma City-based Chesapeake and is advising on its efforts to sell assets.

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