Drilling Down

Commentary: Utica Fuels Millions in New Tax Revenue

By Jackie Stewart, Energy in Depth CANFIELD, Ohio – After just a handful of years in production, Ohio’s Utica shale is supporting initiatives at every level of the state’s government.  From maintaining local municipal roads, increasing sales tax revenues, and bolstering county and school budgets; millions upon millions of the dollars generated from oil and […]

TMK Spokesman: No Plans to Close Plant

BROOKFIELD, Ohio – A spokesman for TMK IPSCO confirms the company has apprised employees at its threading operation here of potential layoffs, but emphasized that it has no intentions of closing the mill. “We have no plans to close the plant,” TMK spokesman Roger Bentley told The Business Journal. “We did send WARN notices to […]

Range Resources Announces It Will Lay Off 55

FORT WORTH, Texas – Range Resources Corp. announced Tuesday that it would place 55 employees on layoff because of low natural gas prices. Thirty-one of the affected employees work in Washington County in southwestern Pennsylvania, the company said. “Low commodity prices have created a harsh reality that everyone in our industry is facing,” Ray Walker, […]

Vallourec to Cut Jobs in Europe, China, Brazil

YOUNGSTOWN, Ohio – Vallourec SA, the parent of pipe and tube manufacturer Vallourec Star, reports that it plans to cut more than 2,600 jobs and raise $1.08 billion in an effort to adjust to the slumping oil and gas market. However, Jean Gaetano, local spokeswoman for Vallourec Star, says the cuts won’t impact the operations […]

Vallourec to Cut Jobs; Local Operations Not Affected

YOUNGSTOWN, Ohio – Vallourec SA, the parent of pipe and tube manufacturer Vallourec Star, reports that it plans to cut more than 2,600 jobs and raise $1.08 billion in an effort to adjust to the slumping oil and gas market. However, Jean Gaetano, local spokeswoman for Vallourec Star, says the cuts won’t impact the operations […]

Utica Rig Count, Permit Activity Improve

YOUNGSTOWN, Ohio – The number of new horizontal well permits issued by the Ohio Department of Natural Resources last week in the Utica shale increased substantially from the previous week, the agency says. ODNR reports it issued 14 permits for new oil and gas wells in Belmont, Harrison and Monroe counties during the week ended […]

Utica Rig Count, Permit Activity, Improves

YOUNGSTOWN, Ohio – The number of new horizontal well permits issued by the Ohio Department of Natural Resources last week in the Utica shale increased substantially from the previous week, the agency says. ODNR reports it issued 14 permits for new oil and gas wells in Belmont, Harrison and Monroe counties during the week ended […]

Consol Energy Hits Big Well in Utica

PITTSBURGH – Consol Energy Inc. reported net income of $30 million for the fourth quarter 2015 compared to $74 million during the same period a year earlier, the company says. “Consol continues to control the controllables in a commodity price and energy environment that is unprecedented,” said Nick Deluliis, president and CEO. “Specifically, Consol continues […]

ODNR Issues Single Permit to Drill in Utica

YOUNGSTOWN, Ohio – The Ohio Department of Natural Resources issued just a single permit for a horizontal well in eastern Ohio’s Utica shale play last week, a barometer as to how the oil and gas industry has struggled over the last 12 months. Chesapeake Exploration LLC, a division of Chesapeake Energy Corp., received a permit […]

ODNR Issues Single Permit in Ohio’s Utica

YOUNGSTOWN, Ohio – The Ohio Department of Natural Resources issued just a single permit for a horizontal well in eastern Ohio’s Utica shale play last week, a barometer as to how the oil and gas industry has struggled over the last 12 months. Chesapeake Exploration LLC, a division of Chesapeake Energy Corp., received a permit […]

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