For the week of Feb 10 – 16, the number of permits issued in the Marcellus/Utica to drill new shale wells soared. Two weeks ago, 24 new permits were issued. Last week, the number increased to 36 new permits issued. The Keystone State (PA) issued the vast majority with 23 new permits last week. Seven…
Read More...The Ohio Natural Energy Institute (ONEi) is a nonprofit organization of professionals who educate people about the essential energy that makes life better, specifically focusing on natural gas and oil production. ONEi provides trusted, factual information through teacher workshops, first responder training, guest speaker programs, and more. The organization used to be called Ohio Oil…
Read More...Condensate production (super-light crude oil) in the Utica Shale’s volatile oil window in eastern Ohio has more than doubled over the past three years. RBN Energy has done a deep dive into the Ohio Utica condensate market with several posts (three so far). The first article (in early January) dealt mainly with Encino Energy, the…
Read More...For the third week in a row, the Baker Hughes U.S. rig count regained some of the rigs lost earlier this year. Two weeks ago, the rig count gained four rigs to 586. Last week the count regained another two rigs to 588. Note that for much of last year, the national count remained in…
Read More...For the week of Feb 3 – 9, the number of permits issued in the Marcellus/Utica to drill new shale wells remained healthy. Two weeks ago, 22 new permits were issued. Last week, the number increased to 24 new permits issued. The Keystone State (PA) issued 11 new permits last week. Nine permits went to…
Read More...We’ve made this observation many times over the years, but here we go again. Ever notice how lefty environmentalists “demand” this and “demand” that? They’re a very demanding bunch, which is why nobody pays them any attention (except us). Here’s the latest example. A group of 30 “organizations” (many of them fronts for one or…
Read More...Ohio lawmakers are grappling with how to prepare the state for a surge in new power demand from AI data centers. In January, MDN told you that five Public Utilities Commission of Ohio (PUCO) commissioners will decide some important guidelines about who should pay to build out new electricity sources for data centers—how much current…
Read More...For the second week in a row, the Baker Hughes U.S. rig count regained some of the rigs lost in prior weeks. Two weeks ago, the rig count gained six rigs (see National Rig Count Gains 6 @ 582; M-U Count Steady @ 34). Last week, the rig count gained another four rigs to 586….
Read More...The Ohio Department of Natural Resources (ODNR), Division of Oil and Gas Resources Management, is about to fly drones equipped with magnetometers to sniff out orphaned oil and gas wells in Van Wert County. The ODNR previously completed drone flights in Auglaize, Hancock, Mercer, and Wood counties. The ODNR issued a press release to inform…
Read More...At the end of the last legislative session in December, New York Gov. Kathy Hochul, an extremist liberal, signed into law a new climate bill forcing a short list of Big Oil companies to pay $75 billion in “recovery” assessments over the next 25 years for their alleged role in causing mythical global warming (see…
Read More...We suppose we shouldn’t be shocked, but we are. Reuters is exclusively reporting that Canadian pension fund CPP Investments, the majority owner of Encino Acquisition Partners (aka Encino Energy), is considering either a sale of the company or possibly an initial public offering (IPO) that values the company at roughly $7 billion. Encino’s claim to…
Read More...Prior to last week, the Baker Hughes national rig count had been in a freefall for weeks, dropping to a 3+ year low of 576 (see National Rig Count Falls Again, Lowest in 3+ Years; M-U Steady). Last week, the trend finally turned around. The national count gained six rigs to 582. The Marcellus/Utica rig…
Read More...In January, MDN outlined the issues before the Ohio Public Utilities Commission (PUC) in deciding how much money builders of data centers (like Amazon, Google, etc.) must commit if they want to connect to the local grid for power supplies (see 5 PUCO Commissioners to Decide the Future of Data Centers in Ohio). However, a…
Read More...For the week of Jan 20 – 26, permits issued in the Marcellus/Utica to drill new shale wells fell off a proverbial cliff. Two weeks ago, 41 new permits were issued. Last week, the number plummeted to just seven new permits issued. Perhaps the most interesting thing about last week’s numbers is that NO new…
Read More...Last fall, MDN told you about a newly formed drilling company that aims to target the Ohio Utica Shale, a company called Tiburon Oil & Gas Partners, LLC (see Former Carrizo O&G Team Forms New Company to Drill in Ohio Utica). The company was founded by four former executives from Carrizo Oil & Gas, Inc….
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