Geisinger Study To Examine Health Effects Of Gas Drilling

English: Cropped portion of image from USGS report showing extent of Marcellus Formation shale (in gray shading). (Photo credit: Wikipedia)

DANVILLE – A Pennsylvania health company said it has gotten a $1 million grant to study possible health impacts of natural gas drilling on the Marcellus Shale.

Geisinger Health System said Monday that the Degenstein Foundation had awarded the money to help underwrite what it called a “large-scale, scientifically rigorous assessment” of the drilling.

Most of the money will be used for data-gathering, and some will go toward developing studies of the data. Officials said they expect other funders to come forward.

The study is to look at detailed health histories of hundreds of thousands of patients who live near wells and other facilities that are producing natural gas from the Marcellus Shale formation thousands of feet underground.

Read more:  http://www.altoonamirror.com/page/content.detail/id/568967/Geisinger-study-to-examine-health-effects-of-gas-drilling.html?nav=742

U.S. Steel Earnings Higher Than Estimates

 

U.S. Steel Tower in downtown Pittsburgh, Pennsylvania. (Photo credit: Wikipedia)

U.S. Steel Corp., the country’s largest producer of the metal, reported second-quarter earnings that beat analysts’ estimates after demand rose for tubular products.

Net income fell to $101 million, or 62 cents a share, from $222 million, or $1.33, a year earlier, Pittsburgh-based U.S. Steel said today in a statement. Profit excluding one-time items was 69 cents a share, exceeding the 49-cent average of 19 estimates compiled by Bloomberg. Sales declined to $5.02 billion from $5.12 billion, compared with the $5 billion average estimate.

Demand from U.S. Steel’s customers in the oil and natural- gas drilling helped offset lower prices for hot-rolled steel coil, a benchmark product used in cars, trucks and appliances.

Read more: http://www.mcall.com/business/mc-us-steel-earnings-20120731,0,264490.story

Pennsylvania Counties Cashing In On Marcellus Shale Drilling Revenues

English: Cropped portion of image from USGS report showing extent of Marcellus Formation shale (in gray shading). (Photo credit: Wikipedia)

When the state Legislature passed Act 13 in February, county and local officials across the state expressed some excitement and more than a little trepidation over whether impact fees for Marcellus Shale gas well drilling would go far enough to compensate for the disruptions and damage blamed on drilling for the valuable resource over the past five or so years.

But now, county officials are finding themselves scrambling to figure out how they will maintain human services, such as those aimed at children, the poor and elderly, in the face of a 10 to 20 percent cut in the state budget.

The impact fee?

No longer the big deal that it was a year ago in the discussion stages, many county officials say.

Read more: http://www.post-gazette.com/stories/local/neighborhoods-south/local-counties-cashing-in-on-marcellus-shale-drilling-revenues-639308/#ixzz1xDrwMu3a

Marcellus Shale Workers Create Housing Shortage And Rising Rents In Bradford County

Image via Wikipedia

In case you haven’t been following the development of the Marcellus Shale natural gas industry in Pennsylvania, here’s the latest.

The “gas boom” has hit Pennsylvania and energy companies are moving workers into rural areas of Pennsylvania that are not equipped to handle the large influx of workers. 

Today’s example is Sayre, PA.  Sayre has a population of 5,813 according to us 2000 census and is 2 square miles.  It is the largest town in Bradford County.  The greater Sayre, PA  Athens, PA & Waverly, NY area totals not quite 30,000 people.  It is Bradford County’s “city”.  This is an economically depressed area that once boasted an impressive manufacturing base.  Sayre was a big railroad town.  A bright spot is the Robert Packer Hospital and Guthrie Clinic which is a major employer in the area.

Along comes the ”gas boom” and suddenly there are hundreds of people looking for apartments.  Now rents have skyrocketed based on “demand” forcing many local people out.  Finding an apartment is equivalent to finding hen’s teeth.

Chesapeake Energy Corp. is one of the companies drilling for natural gas.  They went from one well and a few dozen employees to 21 wells and 1,100 employees.  They are not the only company drilling!  While these companies try to hire locals, more than half of their employees live “out-of-state”.  They work 14 days on, 14 days off.  Most out-of-state workers fly home when they are off.

Chesapeake Energy came up with a great solution.   They built a $7 million dollar residential facility and training center in Sayre to reduce the strain on the local housing market.  The dorms will house 280 workers.  A cafeteria, recreation center and laundry facility are part of the fenced in complex.  Workers moved in last week.