The number of rigs working onshore in the Lower 48 U.S. states last week fell for the sixth consecutive week, according to data compliled by oilfield services firm Baker Hughes, a GE company. For the week ended May 17, 954 rigs were working in the Lower 48, down a lone rig from the previous week,
Read More...Yesterday MDN told you that Pin Oak Energy Partners has purchased Protégé Energy’s 10,000 acres of Utica Shale leases (and other assets) located in Washington and Noble counties in Ohio, and Wood County in West Virginia (see Pin Oak Buys Protege Energy’s Utica Assets in Ohio, W.V.). It didn’t take long for Pin Oak to
Read More...Marathon is combining MPLX and Andeavor Logistics — two of its oil and gas pipeline, transportation and storage operations — for $9 billion, according to the Dayton Daily News. The merger is expected to expand the company’s geographic footprint in the Ohio basin and enhance long-term growth opportunities. Andeavor unitholders will receive 1.135 MPLX common units for each
Read More...Listen up landowners in Washington County, OH: For some of you, your shale lease may now be owned by someone else. Pin Oak Energy Partners, a relatively young Marcellus/Utica driller based in Akron, OH, has purchased all of Protégé Energy’s Utica Shale leases (and other assets) located in Washington and Noble counties in Ohio, and
Read More...EdgeMarc Energy, headquartered in Canonsburg, PA (with 45,000 acres of Marcellus/Utica leases), is filing for Chapter 11 bankruptcy, looking to sell all of the company’s assets. The reason? They can’t move their production to market because their main pipeline partner, Energy Transfer’s Revolution Pipeline, exploded last September and ET has not been able to get
Read More...... … … The Institute for Energy Research explains why nuke subsidies in Pennsylvania are a terrible idea and why we should just let the free market work. There are currently bills working their way through the Pennsylvania House of Representatives and Senate that would provide subsidies to help prop-up unprofitable nuclear power plants in the state. Senate
Read More...This article is provided FREE for Google searchers. In order to access all content on Marcellus Drilling News, please visit our Subscribe page. Every now and again we traffic in rumors here on MDN, but we do so rarely and only when we trust the source of the rumor. In mid-March we brought you juicy
Read More...This article is provided FREE for Google searchers. In order to access all content on Marcellus Drilling News, please visit our Subscribe page. CNX Resources released its first quarter 2019 update yesterday, which shows the company lost $87 million, as opposed to making $527 million in profit in 1Q18. Even so, CEO Nicholas DeIuliis announced
Read More...Connie MellinNatural Gas NOW“PAShaleAdvocate” A new report by the Cleveland State University shows natural gas production is surging in the Appalachian Shale region, with no end in sight. Offshore oil and natural gas drilling has taken place in federal waters of the Gulf of Mexico for over 75 years. But drilling for oil in
Read More...This article is provided FREE for Google searchers. In order to access all content on Marcellus Drilling News, please visit our Subscribe page. Location of Jefferson County, OH Early in the development of Ohio’s Utica Shale, drillers like Aubrey McClendon (Chesapeake Energy at the time) targeted Ohio counties like Carroll and Columbiana, in the “northern”
Read More...Tom ShepstoneNatural Gas NOW … … The recently released FERC State of the Markets Report, 2018″ report is an update on the progress of the shale revolution as it moves forward claiming new territory. The highlights say it all (emphasis added): Natural gas markets experienced record high demand and supply. Natural gas storage fell to
Read More...Ohio’s continuously-growing shale energy industry has attracted $74 billion in investments since 2011, according to a study done by Cleveland State University. The study was prepared for JobsOhio and represents the most recent data available, including investments made through the first half of 2018. It showed drilling activity slowed but remained significant in Ohio from
Read More...This article is provided FREE for Google searchers. In order to access all content on Marcellus Drilling News, please visit our Subscribe page. We spotted some interesting comments made by Rick Simmers, chief of Ohio’s Division of Oil and Gas Resources (part of Ohio Dept. of Natural Resources, or ODNR), at the recent Utica Midstream
Read More...This article is provided FREE for Google searchers. In order to access all content on Marcellus Drilling News, please visit our Subscribe page. Last week Enbridge, owners of the Texas Eastern Transmission Company (Tetco) pipeline, filed documents with the Federal Energy Regulatory Commission showing that Phase II of its Texas Eastern Appalachian Lease (TEAL) Project
Read More...Tom ShepstoneShepstone Management Company, Inc. The Utica Shale has brought $70 billion of investment to Ohio and there’s more to be had. The Utica also underlies most of the Marcellus. Imagine that! When we think Utica Shale, we tend to think Ohio because that’s where the oil and gas industry has put $70 billion
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