Gulfport Fires 13% of Workers, Ends Stock Buy-Back, Board Changes

Gulfport Energy, one of the biggest drillers in the Ohio Utica Shale (210,000 acres), concentrates its drilling in the Ohio Utica and the Oklahoma SCOOP plays. A few weeks ago the company announced they are shopping some of their non-operated assets in the Ohio Utica (see Gulfport 3Q – Looking to Sell Non-Operated Utica Assets).

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Ohio’s Non-Drilling Counties Look to Profit from Utica Shale Too

Drilling is great for local counties when it arrives. Especially for the “supply chain” in those counties–companies that sell goods and services to drilling companies. Everything from retail to convenience stores to restaurants to hotels to trucking companies and more. But what about businesses in nearby counties without any drilling activity? Is there any way

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Natural Gas Now Best Picks of the Week – November 9, 2019

Tom ShepstoneShepstone Management Company, Inc. … … Readers pass along a lot of stuff every week about gas, fractivist antics, emissions, renewables, and other news relating to energy. As usual, emphasis is added. How NOT to Influence People and Win Friends This may be the tipping point for over-the-top, jump-the-shark, wolf crying by those trying

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Leidy South Compressors Generate $100M Economic Impact, 680 Jobs

Did you know that building just two new compressor stations in Pennsylvania will bring the state an extra $100 million in economic activity and support 680 direct, indirect and induced jobs? We sure didn’t! Last week Williams filed a newly published study with the Federal Energy Regulatory Commission on the economic impact of their proposed

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Energize PA Seeks to Build on Pennsylvania’s Natural Gas Abundance

Kelsey MulacCabot Oil & GasExternal Affairs, Pittsburgh … … Energize PA is a proposal to move the Commonwealth to still higher ground in the competition for life-fulfilling jobs and truly sustainable communities. Cabot Oil & Gas Corporation, the Pennsylvania Manufacturers’ Association, the Northeast PA Manufacturers & Employers Association and the Greater Hazleton Chamber of Commerce

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Country’s Biggest NatGas Power Plant Beginning Construction in OH

Artist rendering of Guernsey Power Plant (click for larger version) Construction on what we believe to be the country’s largest natural gas-fired electric plant, the Guernsey Power Station (being built in Guernsey County, Ohio), is set to begin “immediately” according to the company hired to do the engineering, procurement and construction activities (EPC). Last week

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As Risberg Pipe Nears Finish, $474M Plant Locates in Ashtabula

Credit: Erie Times-News (click for larger version) The Risberg Line, a 60-mile pipeline from Crawford County, PA to Erie County, PA, and from there across the border into Ashtabula County, OH, began construction in February (see Construction Begins on “Massive” PA to OH Risberg Pipeline). As the project nears completion, Ashtabula is already seeing the

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US Shale Industry Credited with Driving 10% of US GDP Growth

The shale industry alone drove 10 percent of the growth in the U.S. economy’s gross domestic product from 2010 to 2015, according to a new study by the Federal Reserve Bank of Dallas showing how oil and natural gas deliver wins for the larger economy. During the same years, crude oil production jumped from 5.5

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CNX Resources Lays Off 10% of Total Workforce – More Cuts Coming?

CNX Resources has just laid off (i.e. fired) roughly 50 employees company-wide, most of them at company headquarters in Canonsburg. But not all. We heard from an MDN trust source who said at least nine workers got their walking papers in West Virginia. Given the company employs about 500 people, 50 fired represents 10% of

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West Virginia Sets New Oil and Natural Gas Production Record (Again)

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

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Natural Gas NOW Picks of the Week – July 6, 2019

Tom ShepstoneShepstone Management Company, Inc. … … Natural Gas NOW readers pass along a lot of stuff every week about natural gas, fractivist antics, emissions, renewables, and other news relating to energy. As usual, emphasis is added. Oreos Deal Anything But Black and White The manufacturer of Oreos says it’s cut a deal to buy

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Tourism Grows with Shale Development in Ohio

A growing trend of oil and gas industry visitors is sparking increased tourism offerings in Belmont County, Ohio, according to local officials. The Herald-Star recently reported that an energy industry expo at the Ohio Valley Mall in April was a “chance to popularize tourism sites in the county,” and that the area expects even more

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Pres. Trump Targets Marcellus/Utica to Bulk Up PetChem Industry

President Trump is pushing members of his administration to work with state regulators in Appalachia–Ohio, West Virginia and Pennsylvania–to “build the country’s first natural gas and petrochemical hub” outside of the Gulf Coast. According to Energy Secretary Rick Perry, such a plan is in the the country’s national security interests. Members of the Trump team

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Shale Magazine: How Shale is Reviving Rural America

Tom ShepstoneShepstone Management Company, Inc. …. ….  Shale Magazine just ran a story from yours truly about how shale is reviving Rural America; how the shale revolution is yielding real change for real people. Have you checked out the Shale Magazine? If you haven’t yet, do so. It’s an excellent online journal chronicling the continuously

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