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BREAKING: $4.2 Million Jury Verdict Against Cabot Oil & Gas in Dimock, PA Water Contamination Lawsuit

BREAKING: $4.2 Million Jury Verdict Against Cabot Oil & Gas in Dimock, PA Water Contamination Lawsuit

The defendant in the lawsuit, Cabot Oil and Gas Corp., had strenuously denied that it had caused any harm to the plaintiffs or their drinking water. In 2012, the company reached a settlement with roughly 40 other residents along Carter Road in Dimock, but the terms of that settlement were never made public and included a “non-disparagement” clause that prevents those who settled from speaking out about their experiences with Cabot.

The verdict, which was reported by the Associated Press, comes as long-awaited vindication for the Hubert and Ely families, who had refused to settle in part because they wanted their voices heard, they said at a press conference when the trial began in Scranton on February 22.

The lawsuit had stretched on for roughly seven years, and the plaintiffs were at one point forced to represent themselves in court after being unable to find legal counsel following the settlement of the vast majority of the plaintiffs.

The Huberts and the Elys still live on Carter Road, hauling their water by truck – a chore that became far more cumberson in the winter when hoses often froze and water tanks must be heated, Scott Ely, a former Cabot subcontractor turned whistleblower, had testified.

The Ely family, which owns the land on which the Huberts reside, would receive $2.75 million and the Hubert family $1.49 million, one local television station is reporting.

…click on the above link to read the rest of the article…

Once Burned, Twice Shy? Utica Shale Touted to Investors As Shale Drillers Continue Posting Losses

For the past several weeks, the drilling industry — hammered by bad financial results — has begun promoting its next big thing: the Utica shale, generating the sort of headlines you might have seen five years ago, when the shale drilling rush was gaining speed. “Utica Shale Holds 20 Times More Gas Than Previous Estimates”, read one headline. “Utica Bigger Than Marcellus”, proclaimed another.

The reason for the excitement was a study, published by West Virginia University, that concluded the Utica contains more shale gas than many estimates for the Marcellus shale, a staggering 782 trillion cubic feet.

“This is a landmark study that demonstrates the vast potential of the Utica as a resource to complement – and go beyond – what the Marcellus has already proven to be,” Brian Anderson, director of West Virginia University’s Energy Institute, told the Associated Press.

But those considering investments based on the Utica’s potential may want to pause and consider the shale industry’s long history of circulating impressive predictions, later quietly downgraded, while spending far more than they earn.

The industry has not been generating enough money to cover its capital spending and dividends,” Fidelity Investments energy fund manager John Dowd told Barrons.

Indeed, while it is clear that the shale drilling rush has produced large amounts of oil and gas, (alongside wastewater and other environmental impacts), the financial prosperity promised by its backers has not seemed to materialize.

Burning Through Cash

Companies like Chesapeake Energy, the nation’s second largest producer of natural gas and one of the most aggressive advocates of the shale rush nationwide, have been hammered hard by low oil prices and high costs in 2015.

…click on the above link to read the rest of the article…

 

Fracking Firm Encourages Industry to Imitate Taco Bell’s Twitter Strategy

Fracking Firm Encourages Industry to Imitate Taco Bell’s Twitter Strategy

Can fracking firms win public support through social media by replicating the whimsical style of Taco Bell’s Twitter account?

That was one of the goals discussed at an Energy Digital Summit event with Brittany Thomas, an external affairs coordinator for Cabot Oil and Gas, a leading hydraulic fracturing company.

Big corporations, major retail chains and fast food brands have attempted to improve their image and score points with millenials by embracing social media slang. “We thought we were bae,” tweeted AT&T, in a typical message of the style repeated ad nauseam by other corporate accounts attempting to interact with customers. (Definition of bae.)

Thomas explained to a conference room full of industry executives last summer why it matters that Taco Bell once needled White Castle on Twitter over the correct usage of “you’re.”

“It’s a person tweeting this,” Brittany exclaimed. “I geek out about this stuff and I tell my family,” she continued, “and all of the sudden your message has left the social realm and it’s at people’s dining room tables and they’re telling their coworkers. It’s the reason why Twitter tends to drive the news now. It’s funny when things go viral!”

“That’s a dream of mine, that we all talk amongst ourselves and interact like other brands do,” Thomas said.

Oil and gas companies are steadily increasing their footprint on social media, hiring specialized public relations firms and developing “visual shorthand” infographics that can be shared easily on Facebook and Twitter.

For Thomas, social media presents a cost-effective way to win hearts and minds.

 

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Olduvai IV: Courage
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Olduvai II: Exodus
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