Drilling Down

EV Energy Partners Eyes Utica Acquisitions

HOUSTON — EV Energy Partners plans to aggressively pursue acquisition opportunities in the Utica as the market rebounds. “We will be as patient as necessary,” John Walker, executive chairman of EV Energy, told analysts this week during a conference call. Walker said that there is great potential in tapping the volatile oil window of the […]

Permitting Still Slow in Ohio’s Utica

YOUNGSTOWN, Ohio – Permitting activity across Ohio’s Utica shale doesn’t show signs of improving anytime soon, according to the latest data from the Ohio Department of Natural Resources. ODNR awarded eight horizontal well permits to just two oil and gas producers during the week ended May 9, the agency reports. All of the permits were […]

Magnum Hunter Resources to Sell Utica Assets

DALLAS – Magnum Hunter Resources Corp. says it’s in negotiations with “certain parties” to establish a joint venture that would entail selling $450 million of the oil and gas producer’s leasehold positions in Ohio’s Utica shale. In a statement released Monday, the company said the proposed sale is one of several initiatives underway in order […]

Columbiana County Wells Encourage Chesapeake

YOUNGSTOWN, Ohio – Chesapeake Energy Corp. said it’s encouraged by impressive results from wells recently placed into production in Columbiana County, and is contemplating expanding its core position to include additional exploration there. M. Christopher Doyle, executive vice president of Chesapeake’s Northern Division, told analysts and media during a conference call this week that early […]

Utica Rig Count Bumps Up, ODNR Reports

YOUNGSTOWN, Ohio – The rig count in eastern Ohio’s Utica shale rose during the week ended May 2 compared to the previous week, breaking a succession of steady declines. The Ohio Department of Natural Resources reports the rig count in the Utica increased to 29 during the week compared to 22 a week earlier. Still, […]

Groups Petition U.S. EPA to Reform Ohio Waste Rules

YOUNGSTOWN, Ohio — A coalition of Ohio environmental and community groups sent a 15-page letter Wednesday to the U.S. Environmental Protection Agency’s Office of Environmental Justice claiming that the state’s approval process for shale drilling waste injection wells “has an overwhelmingly disparate impact on low-income Ohioans.” The coalition claims this is “in violation of a […]

McClendon Forms ‘Blank Check’ Firm to Buy Assets

YOUNGSTOWN, Ohio – Aubrey McClendon, founder of American Energy Partners LP and the former CEO of Chesapeake Energy Corp., intends to raise $200 million to back a new company that will purchase oil and gas assets. According to a filing with the U.S. Securities Exchange Commission, Avondale Acquisitions Corp. is a “blank check” company formed […]

Ohio Groups Petition U.S. EPA to Reform Fracking Waste Rules

YOUNGSTOWN, Ohio — A coalition of Ohio environmental and community groups sent a 15-page letter Wednesday to the U.S. Environmental Protection Agency’s Office of Environmental Justice claiming that the state’s approval process for shale drilling waste injection wells “has an overwhelmingly disparate impact on low-income Ohioans.” The coalition claims this is “in violation of a […]

Tennessee Gas Project Includes Mahoning Compressor Station

YOUNGSTOWN, Ohio – Tennessee Gas Pipeline Co. LLC plans to construct a compressor station in Mahoning County as part of its $412 million Abandonment and Capacity Restoration Project. Notice of the company’s intent was filed April 17 with the Federal Energy Regulatory Commission. New compressor stations would also be built in Jackson, Morgan and Tuscarawas […]

Gasearch Looks for Local Producers

LIBERTY TOWNSHIP, OHIO — A company ithat supplies natural gas to industrial and commercial customers in northeastern Ohio doesn’t rely on the big energy corporations that have dominated the state’s oil and gas industry over the last four years. Instead, Gasearch LLC obtains its supply from small, local producers – those companies that for decades […]

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