After five weeks of adding rigs, the Baker Hughes U.S. rig count decreased by a single rig last week. The national rig count now stands at 592. As for the Marcellus/Utica, the rig count was a combined 35 last week, retaining a rig added in West Virginia three weeks ago. Rigs focused on the Marcellus…
Read More...Ascent Resources, founded as American Energy Partners by gas legend Aubrey McClendon, is a privately held company focusing 100% on the Ohio Utica Shale. Ascent, headquartered in Oklahoma City, OK, is Ohio’s largest natural gas producer and the 8th largest natural gas producer in the U.S. The company issued its fourth quarter and full-year 2024…
Read More...Sorry to be so blunt: You can’t fix stupid. You can only call attention to it, which is what we’re doing with a group of “40 to 50” protesters who gathered yesterday at the Ohio Statehouse to protest drilling for oil and gas under state-owned land, including drilling under (not on) state parks. It was…
Read More...In January 2023, Ohio House Bill (HB) 507 became law with the signature of Gov. Mike DeWine (see OH Gov. Signs Bill Expanding Drilling in State Parks, NatGas “Green”). The law allows shale drilling under (but not on top of) Ohio state-owned land, including state parks. HB 507 encourages (pushes for) more drilling under state-owned…
Read More...Gulfport Energy, the third-largest driller in the Ohio Utica Shale (by the number of wells drilled), reported its fourth quarter and full-year 2024 numbers last week. The company drills Utica and Marcellus wells in Ohio. It also has an active drilling program in the Oklahoma SCOOP shale play. Gulfport’s net daily production in 4Q24 averaged…
Read More...EOG Resources, one of the largest oil and gas drillers in the U.S. (with international operations in Trinidad and China), owns nearly a half million acres of leases in the Ohio Utica (~460,000 acres). EOG calls its position the “Ohio Utica combo play” and now considers it one of the company’s “premium plays.” EOG concentrates…
Read More...For the fifth week in a row, the Baker Hughes U.S. rig count added rigs—the first time that has happened since May 2022. Last week, the count added a single new rig for a new total of 593. The national count remained in a tight range of 581-589 for much of last year. We’ve officially…
Read More...Here’s a company we’ve not written about since 2021: IOG Capital and its subsidiary IOG Resources. Back in 2015 we first told you that IOG Capital had cut a deal with Seneca Resources to fund Seneca’s Marcellus drilling program in Elk, McKean and Cameron counties in northcentral Pennsylvania (see Seneca Res. Cuts Deal with IOG…
Read More...We’re always suckers for a good railroad story. We spotted an article in Railway Age magazine announcing the publication’s 2025 Short Line and Regional Railroads of the Year. Among the list of honorable mentions was the Columbus & Ohio River Rail Road Company (CUOH), owned by Genesee & Wyoming. CUOH operates in Ohio, with its…
Read More...For the fourth week in a row, the Baker Hughes U.S. rig count added rigs—to the highest level since last June! Three weeks ago, the rig count gained four rigs to 586. Two weeks ago, the count regained another two rigs to 588. Last week, the count added four new rigs for 592. Note that…
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...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…
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