Recent data from the Ohio Department of Natural Resources (ODNR) confirms an emerging Ohio oil play with untapped potential. Traditionally thought of as a natural gas play, new technologies have unlocked oil production in the Utica Shale that continues to grow: 70 percent since 2021 with 40 percent annual growth from 2022 to 2023. The
Read More...It appears that EOG Resources, with headquarters in Houston, Texas, is about to establish a regional headquarters/operation in Malvern (Carroll County), Ohio. We say “appears” because we have strong evidence, but we don’t (yet) have confirmation. EOG Resources, one of the largest oil and gas drillers in the U.S. (with international operations in Trinidad and…
Read More...There were 16 new permits issued to drill in the Marcellus/Utica during the week of Mar. 11 – 17, down 3 from 19 permits issued the prior week. Pennsylvania issued 9 new permits. Ohio issued 4 new permits. And West Virginia issued 3 new permits. Penn Production Group (PPG) and EOG Resources tied for most…
Read More...EOG Resources, one of the largest oil and gas drillers in the U.S. (with international operations in Trinidad and China), owns a huge 430,000+ acres of leases in the Ohio Utica. EOG calls its position the “Ohio Utica combo play” and now considers it one of the company’s “premium plays.” EOG concentrates on oil drilling…
Read More...Perhaps our headline is slightly misleading. EOG is not the modern equivalent of Jed Clampett walking along and seeing crude bubbling up out of the ground (as in the fictional The Beverly Hillbillies show of the 1960s with the “Ballad of Jed Clampett” that says, “Oil that is, black gold, Texas tea.”). What EOG and…
Read More...There were 23 new permits issued to drill in the Marcellus/Utica during the week of Jan. 8-14, versus 18 permits issued for the prior week. Pennsylvania issued 13 new permits last week. Ohio issued just 2 new permits. West Virginia issued 8 new permits — for the second week in a row. EQT scored the…
Read More...The Ohio Dept. of Natural Resources (ODNR) released production numbers for the third quarter of 2023 late last week, and nobody noticed…except MDN (thanks to a tip from a good friend). ODNR no longer issues a press release to summarize the results as they once did. We’ve got the full spreadsheet with oil and gas…
Read More...In 2020, EOG Resources, one of the largest oil and gas drillers in the U.S. (with international operations in Trinidad and China), sold all of its Marcellus assets, which were located in Bradford County, PA, to Tilden Resources for $130 million (see EOG Resources Sells Marcellus Assets for $130M, Exits Basin). EOG left the M-U…
Read More...Folks new to the Marcellus/Utica may not know this, but Chesapeake Energy’s then-CEO Aubrey McClendon first “discovered” the Ohio Utica about 15 years ago. Under McClendon, Chesapeake spent over $2 billion acquiring rights to drill 1.3 million acres in Ohio–or roughly 5% of the state’s land area. McClendon pegged the value of the Utica for…
Read More...In 2020, EOG Resources, one of the largest oil and gas drillers in the U.S. (with international operations in Trinidad and China), sold *all* of its Marcellus assets, which were located in Bradford County, PA, to Tilden Resources for $130 million (see EOG Resources Sells Marcellus Assets for $130M, Exits Basin). EOG left the M-U…
Read More...DT Midstream (DTM), headquartered in Detroit, owns major assets in the Marcellus/Utica region and other regions. DTM issued its second quarter 2023 update yesterday. The company announced it had reached a final investment decision (FID) to build a new greenfield gathering system in the Ohio Utica Shale. The gathering system will transport associated gas from…
Read More...EOG Resources CEO Lloyd “Billy” Helms spoke at the J.P. Morgan Energy, Power and Renewables Conference in New York City yesterday. Helms had some very interesting comments on his company’s strategy moving forward–a strategy of keeping drilling activity in the Permian about even (not expanding), but increasing drilling activity in other plays, including the Ohio…
Read More...New shale permits issued for May 15-21 in the Marcellus/Utica took a substantial hit. There were only 12 new permits… Continue reading The post 12 New Shale Well Permits Issued for PA-OH-WV May 15-21 first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...Net Zero Asset Owner Alliance: The UN Corporatist Adventure Jim Willis on NGL Pipelines Editor & Publisher, Marcellus Drilling News (MDN) [Editor’s Note: The United Nation’s Net Zero Asset Owner Alliance illustrates the corruption of the UN and the entire corporatist adventure that is the global warming scam.] The Net Zero Asset Owner Alliance (NZAOA) is
Read More...In 2020, EOG Resources, one of the largest oil and gas drillers in the U.S. (with international operations in Trinidad… Continue reading The post EOG Drilling Handful of New Wells in Ohio Utica in 2023 first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
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