Drilling Down

Decline in Utica Rig Count as Industry Retrenches

YOUNGSTOWN, Ohio – The rig count in Ohio’s Utica shale play continues to shrink as oil and gas producers see no break in the lower energy prices that have caused the industry to pull back on new exploration. The Ohio Department of Natural Resources reported that the rig count for the week stood at 26 […]

Utica Shale Rig Count Down to 30

YOUNGSTOWN, Ohio — Natural Gas Intelligence, a trade journal, reports the Baker Hughes Inc. drilling rig count in North America for the week ending March 20 declined 136 rigs from the week before. That leaves 1,209 active rigs, “down 983 from one year ago,” reports NGI. In the Utica Shale play, there were 30 active […]

Chesapeake Reduces Capital Budget, Icahn Buys More

OKLAHOMA CITY– Chesapeake Energy Corp. announced Monday that it’s reducing the company’s 2015 capital budget by $500 million, bringing it down to a range of $3.5 million to $4 million. Chesapeake said it would operate 25–35 rigs in 2015, which represents a decrease of approximately 55% from an average of 64 rigs in 2014. The […]

Marathon Extends Open Season for Utica Pipeline

FINDLAY, Ohio — Marathon Pipe Line LLC and Ohio River Pipe Line LLC have extended the open season for its Cornerstone Pipeline and other Utica shale build-out projects until April 13. The binding open season was to initially close March 13, but the companies opted to extend the window another 30 days “to allow additional […]

Permitting, Rig Count Drops in Ohio’s Utica Shale

YOUNGSTOWN, Ohio — The rig count across the Utica shale play in eastern Ohio took a dramatic tumble last week as oil and gas companies pulled back their drilling operations in the face of dwindling oil prices. Meanwhile, The Ohio Department of Natural Resources issued just three permits for the week ended March 14. All […]

Energy in Depth Responds to Gibbs, FrackFree

YOUNGSTOWN, Ohio —  Energy in Depth, a shale industry advocacy group launched by the Independent Petroleum Association of America, reacted sharply to The Business Journal’s coverage of environmental activist Lois Gibbs’ news conference March 13 in Youngstown. Gibbs led the Niagara Falls, N.Y., community of Love Canal in the fight against Hooker Chemical Co.’s burial […]

Rex Energy Pleased with Butler County Results

STATE COLLEGE, Pa. — Rex Energy Corp. reports two recent well pads put into production in its Appalachian Basin operations are showing promise. “We are very pleased with the performance to date of our two most recent well pads in the Butler Operated Area,” in Butler County, Pa., said Tom Stabley, Rex Energy’s CEO. During […]

Love Canal Activist Speaks for FrackFree’s Frustration

YOUNGSTOWN, Ohio — The female activist from the Love Canal neighborhood of Niagara Falls, N.Y., stood before the Northstar 1 injection well Friday afternoon to warn residents of Youngstown about the dangers to their health open injection wells pose. Lois Gibbs, the activist who, in the 1970s, led the Love Canal community against the Hooker […]

Hess, Chevron Speakers to Update Oil, Gas Producers

ST. CLAIRSVILLE, Ohio — The Ohio Valley Oil and Gas Association will hold its general membership meeting and the 2015 update on the state of the industry March 19 at Belmont College. The session, to be held in Horizon Hall, will feature presentations by Andrew Keck, senior land negotiator for Hess Corp., and Patrick Ryan, […]

ODNR Issues Just One Permit for Northern Utica

YOUNGSTOWN, Ohio — The Ohio Department of Natural Resources issued 20 new permits for horizontal wells to explore for oil and gas in the Utica shale last week, the agency reports. Chesapeake Exploration LLC, a division of Chesapeake Energy Corp., received one permit for a new well in Columbiana County. The company plans to spud […]

Pages

Subscribe to RSS - Drilling Down