Ohio oil production totals increase

It grew 17 percent compared to the last quarter of 2018. Horizontal shale wells in the state produced 6.8 million barrels of oil and 685 billion cubic feet of natural gas during the fourth quarter of last year, the Ohio Department of Natural Resources announced Friday. Oil production grew 17 percent compared to the last

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Plant plans reason for encouragement

Residents of our region received some positive news Wednesday when it was learned that a local company has plans to build a gas-to-liquids facility in Saline Township in northern Jefferson County. Hammondsville-based Orin Holdings and county officials see a big potential for the facility, which would be located on 500 acres of ground that has

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Natural Gas Exports Set to Soar Thanks to Appalachian Shale

Tom ShepstoneShepstone Management Company, Inc. . … Appalachian shale production has been nothing short of phenomenal and has set the stage for natural gas exports to soar via both LNG ships and pipelines. Yesterday, chatting with a pro-gas friend, we both remarked on the fact the solution to low prices is low prices, just as

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Montage Resources will cut capital spending by 44% in 2020

Montage Resources will cut capital spending by 44% this year in the Appalachian Basin, according to Kallanish Energy. The company plans on spending between $190 million and $210 million on capital spending. That estimate is down from the $357.5 million it recorded spending in the midpoint of 2019’s capital spending guidance. Montage Resources will be

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Refinery Sale Suggests Philadelphia May Be More Rotten Than Denmark

Tom ShepstoneShepstone Management Company, Inc. . … The Philadelphia refinery sale proposed by the debtor makes no sense and unsecured creditors are calling out what may be some serious corruption. I wrote about the proposed bankruptcy sale of a Philadelphia refinery the other day noting things seemed awfully fishy. But, now the rot is becoming

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Shale Gas News – December 28, 2019

Bill desRosiersExternal Affairs Coordinator, Cabot Oil & Gas … … The Shale Gas News, heard every Saturday at 10 AM on 94.3 FM, 1510 AM and Sundays on YesFM, talked about New England, Fair Shake Environmental, global warming and much more last week. The Shale Gas News has grown again; welcome Gem 104 as our FOURTH station!

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Gulfport Energy Corp. dumps non-core assets

What is fracking? Fracking is a slang term for hydraulic fracturing. Fracturing is a process by which highly pressurized fluid is pumped thousands of feet into the ground to fracture rock formations. The goal is to release the natural gas that’s locked inside the rock. Is it safe? What most concerns people about fracturing is

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Cove Point Celebrates Sending Our Marcellus Shale Gas Across the Globe

Jim WillisEditor & Publisher, Marcellus Drilling News (MDN) Cove Point celebrated loading its 100th container ship of Appalachian shale gas the other day. This facility is shipping our natural all over the globe. Seems like just yesterday that Dominion Energy’s Cove Point LNG export plant opened for business–in April 2018 (see First-Ever Shipment of Marcellus LNG Leaves Cove

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Shale Gas News – November 9, 2019

Bill desRosiersExternal Affairs Coordinator, Cabot Oil & Gas … … The Shale Gas News, heard every Saturday at 10 AM on 94.3 FM, 1510 AM and Sundays on YesFM, talked about the world’s top oil producer, LNG exports, Cunningham Energy and much more last week. The Shale Gas News has grown again; welcome Gem 104 as our

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Gulfport looks to sell Utica interests

After losing $48.8 million, or 31 cents per diluted share, during the third quarter, Gulfport Energy announced plans to sell some of its interests in the Utica Shale, according to the Times Reporter. The company made the announcement before its conference call with investors to discuss third-quarter earnings last Friday. Gulfport said proceeds from its

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Shale Gas News – November 2, 2019

Bill desRosiersExternal Affairs Coordinator, Cabot Oil & Gas … … The Shale Gas News, heard every Saturday at 10 AM on 94.3 FM, 1510 AM and Sundays on YesFM, talked about our Democrats spark a fracking boom, Nord Stream 2, natural gas exports and much more last week. The Shale Gas News has grown again; welcome Gem

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EQT to cut spending on natural gas production in 2019, 2020

EQT Corp. reduced its capital budget by $115 million for 2019 and plans to trim $525 million from its budget in 2020, according to the Pittsburgh Business Times. In its third quarter report, the first under the guidance of its new management team led by Toby Rice, EQT said it spent $475 million on capital,

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Shale Gas News – October 26, 2019

Bill desRosiersExternal Affairs Coordinator, Cabot Oil & Gas … … The Shale Gas News, heard every Saturday at 10 AM on 94.3 FM, 1510 AM and Sundays on YesFM, talked about our electricity future, public land drilling, Trump’s speech at Shale Insight and much more last week. The Shale Gas News has grown again; welcome Gem 104

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Shale Gas News – October 19, 2019

Bill desRosiersExternal Affairs Coordinator, Cabot Oil & Gas … … The Shale Gas News, heard every Saturday at 10 AM on 94.3 FM, 1510 AM and Sundays on YesFM, talked about the Mountain Valley Pipeline, Gulf of Mexico, Russia and much more last week. The Shale Gas News has grown again; welcome Gem 104 as our FOURTH

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