by Tom Westfall WVONGA Board President The folks who make up West Virginia’s oil and natural gas industry are proud of their work. They’re moving West Virginia ahead, and economic numbers we see each year are a source of pride. We face challenges as commodity prices are decreasing. Prices will remain low for the foreseeable
Read More...As a result of continued low natural gas prices, oil and gas companies have had to recalculate and reduce the value of their assets to reflect the down market, according to ShaleOhio. Last month, Chevron Corp. recorded a $10 billion impairment last month and more than half of it was attributed to assets in the
Read More...American consumers are reaping the benefits of soaring natural gas production, pocketing over $1.1 trillion in savings over the past 10 years, according to a new report released by Shale Crescent USA and the Ohio Oil & Gas Energy Education Program. The analysis shows growth in domestic natural gas production resulted in more than $4,000 in savings per
Read More...Voters, taxpayers and lawyers in the city of Youngstown, OH will be spared from a ninth iteration of an anti-fracking charter amendment this year, as backers of the “Community Bill of Rights” failed to submit required documents to the local board of elections to have the measure placed on the ballot. Despite repeated failures at
Read More...The Energy Information Administration projects natural gas production in the seven most productive basins and plays in the U.S. to rise 469 million cubic feet per day (Mmcf/d) from September to October, according to Kallanish Energy. Gas production will increase to more than 82.36 billion cubic feet per day (Bcf/d), up from 81.89 Bcf/d in
Read More...An activist group is recycling its faulty claims and scare tactics around chemicals used in natural gas development as it shifts its anti-fracking efforts from Pennsylvania to Ohio. This year’s attempt by the Partnership for Policy Integrity (PPI) to resurrect debunked talking points about fracking fluid chemical exposure – which follows its similar report last
Read More...Now the City of Buffalo is suffering from Cuomo’s anti-fossil fuel fervor, as a recent Vanity Fair article highlights a $750 million state subsidy Elon Musk’s SolarCity received to open a plant there. And state taxpayers are paying the price. “For $750 million, we’re getting jobs that pay $2 an hour more than Aldi’s,” the story quotes
Read More...The overwhelming majority of methane found in groundwater samples near natural gas and oil drilling sites in Pennsylvania is naturally occurring, and not related to fracking, according to a new study from Penn State University. The research, which was funded by the National Science Foundation and U.S. Geological Survey, found 99.92 percent of the 20,751 water
Read More...Enterprise Products Partners has started gauging shipper interest in a proposed 50,000 b/d expansion of its ATEX ethane pipeline, according to S&P Global Platts. The proposed expansion would move more materials from the Appalachian Basin to the company’s NGLs storage complex in Mont Belvieu, Texas. Enterprise has been looking to boost deliveries of oil, gas, and
Read More...The seven most productive, unconventional shale plays and basins in the Lower 48 U.S. states are projected to set a natural gas production record from August to September, according to the Energy Information Administration August Drilling Productivity Report. more than half of the production increase will be driven by the Marcellus and Utica shale plays
Read More...The Appalachian Basin’s energy future has never looked better. As President Trump explained in a speech during his visit to Shell Chemical’s ethane cracker facility that is currently under construction in Beaver County, Pa.: “With your help, we’re not only unleashing American energy, we’re restoring the glory of American manufacturing and reclaiming our noble heritage
Read More...Southwestern Energy Co. recently announced it plans to reduce its rig count from six to two in coming weeks as part of a larger initiative to reduce spending and better control costs, according to Natural Gas Intelligence. The company also trimmed its full-year capital budget, saying spending would not eclipse $1.15 billion in 2019 —
Read More...West Virginia continues to add to the prolific Appalachian Basin’s status as one of the world’s top-producing natural gas regions. [embedded content] For the 10th year in a row, West Virginia set a new oil and natural gas production record, according to the state Department of Environmental Protection. Between 2017 and 2018, natural gas production
Read More...Although a recent study’s finding that shale gas development in Pennsylvania has had significant impacts on outdoor recreation is correct, the study’s implication that these impacts are negative couldn’t be further from the truth. Like the logging, mining, and oil production that preceded it, natural gas development in the Marcellus Shale is a major source
Read More...Range Resources recently agreed to sell assets in the Appalachian Basin for $634 million, according to Seeking Alpha. The company will sell a 2% net proportionately reduced overriding royalty interest in 350,000 net surface acres, which produced a combined 1.9 billion net cfe/day in the first quarter, in the southwest Appalachian Basin for $600 million.
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