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...During the week ended April 13, Ascent Resources Utica LLC received 13 horizontal well permits from the Ohio Department of Natural Resources to drill in Ohio’s Utica Shale, according to The Youngstown Business Journal. Ascent secured the permits for well sites in Belmont, Harrison and Jefferson counties in the southern portion of the Utica Shale
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...The Ohio Department of Natural Resources issued five permits to drill in Ohio’s Utica Shale to Ascent Resources Utica LLC and three permits to Eclipse Resources during the week ended April 6, according to The Youngstown Business Journal. Ascent secured permits for horizontal wells in Belmont County. Eclipse received permits to drill new wells in
Read More...Oil and gas companies have drilled more than 2,500 horizontal shale wells in Ohio, and according to Richard Simmers, chief of the state’s Division of Oil and Gas Resources, things are going to stay pretty consistent — at least for the next couple of years. Last year, oil and gas companies drilled 358 new horizontal
Read More...Pin Oak Energy Partners LLC recently closed a deal with SWEPI LP, a Royal Dutch Shell affiliate, to acquire Utica Shale acreage in Northwest Pennsylvania, according to Kallanish Energy. In the deal, Pin Oak received 43,000 acres in Mercer, Crawford and Venango counties, which includes drilled and completed but not producing horizontal Utica shale wells
Read More...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 gas storage, U.S. crude oil buyers, offshore drilling and much more last week. The Shale Gas News has grown again; welcome Gem 104 as our FOURTH
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
Read More...Ascent Resources achieved record daily production in December 2018, producing roughly 2.4 billion cubic feet equivalent per day (Bcfe/d) gross and 1.9 Bcfe/d net, according to Kallanish Energy. Ascent and its subsidiaries also increased proved natural gas, oil and natural gas liquids reserves to roughly 7.6 trillion cubic feet equivalent (Tcfe) with a PV-10 value at Securities and
Read More...Last year natural gas production in the United States grew by 10 billion cubic feet per day, according to reports conducted by the U.S. Energy Information Administration. The 11%-production increase marked the largest annual production increase on record, reaching an all-time high for the second consecutive year, according to The Youngstown Business Journal. The Utica/Point
Read More...Encino may have retained Chesapeake’s office and 110 employees; however, it’s committing to a business model of its own, according to the Canton Repository. Texas-based Encino Energy plans to focus on proven reserves and a healthier balance sheet rather than spending freely to explore new areas and accumulating debt. Encino Energy, a partner in Encino
Read More...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 LNG, offshore drilling, the Shell ethane pipeline and much more last week. The Shale Gas News has grown again; welcome Gem 104 as our FOURTH station!
Read More...Natural gas production from the Marcellus and Utica shale formations will increase exponentially over the next two decades, according to Farm and Dairy. In fact, the production jumps will be enough to supply nearly half of the nation’s natural gas by 2040. According to an IHS Market Study released March 19 at the World Petrochemical Conference
Read More...The Ohio Department of Natural Resources granted six new drilling permits for horizontal wells in Ohio’s Utica shale during the week ended March 16, according to The Youngstown Business Journal. Chesapeake Exploration LLC received three of the permits, while the other three were issued to Ascent Resources LLC. Both companies plan to drill wells in
Read More...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 PennEast pipeline, ConEd moratorium, Connecticut solar and much more last week. The Shale Gas News has grown again; welcome Gem 104 as our FOURTH station!
Read More...