Drilling Down

Appalachian Resins CEO Says Small Cracker Moving Forward

YOUNGSTOWN, Ohio – The CEO of Appalachian Resins Inc. says his company’s proposed ethylene/polyethylene project slated for Monroe County “is not stalled.” James S. Cutler emailed The Business Journal to correct an article published on April 24 citing press reports that the project was on hold. “At this time, Appalachian Resins plans to move forward […]

Parkersburg Cracker Plant Project on Hold

YOUNGSTOWN, Ohio – The Brazilian companies that considered building a cracker plant near Parkersburg, W. Va., are reevaluating whether they will make the billion-dollar investment in light of the current oil and gas market. The companies, Braskem and Odebrecht, announced the potential $3.8 billion project, the Appalachian Shale Cracker Enterprise, known as Project Ascent, in […]

JobsOhio Confirms Cracker Could Be Built in Belmont County

YOUNGSTOWN, Ohio – JobsOhio today officially announced that PTT Global Chemical, Thailand’s largest integrated petrochemical and refining company, and its project partner, Marubeni Corp., a Tokyo-based company, have selected a site in Belmont County for the possible construction of a world-scale petrochemical complex, also known in the industry as an ethane cracker. The project was […]

ODNR Issued Just 5 New Well Permits Last Week

YOUNGSTOWN, Ohio – More evidence that new drilling prospects in eastern Ohio’s Utica shale has tempered as the Ohio Department of Natural Resources issued just five new permits last week for horizontal wells across the play. Four permits were issued to American Energy – Utica LLC to drill new wells in Harrison County, Nottingham Township, […]

Asian Companies Eye Belmont County for $5B Cracker Plant

YOUNGSTOWN, Ohio – A chemical conglomerate owned by the country of Thailand and a global financial trading house based in Tokyo are looking closely at an undisclosed site in Belmont County to potentially build a $5 billion petrochemical complex, The Business Journal has confirmed. An announcement of the site selection may come as soon as […]

US Says Utica Shale Among Fastest-Growing Plays

WASHINGTON – A recent report by the U.S. Energy Information Administration shows that the Utica shale in eastern Ohio is among the most efficient and fastest growing gas-producing regions in the country. According to the agency’s drilling productivity report, the Utica produced 1.92 billion cubic feet of natural gas per day in March – a […]

Ohio Shale Exploration Still Drawing Investment

YOUNGSTOWN, Ohio – Despite the pullback from new drilling in the Utica shale within eastern Ohio, oil and gas exploration continues to have positive ramifications across the region. Permits for new wells have all but ground to a halt in Ohio, according to the Ohio Department of Natural Resources. Still, ODNR issued four new permits […]

American Energy, Not McClendon, Settles with Chesapeake

OKLAHOMA CITY – American Energy-Utica LLC and its majority investor, The Energy & Minerals Group, announced Tuesday it has reached a settlement with Chesapeake Energy Corp., removing the company as a defendant in the suit Chesapeake filed against its former CEO, Aubrey McClendon. Chesapeake filed the complaint in February against McClendon, his new company American […]

Well Permitting Dries Up in Ohio’s Utica

YOUNGSTOWN, Ohio – Permitting activity for new horizontal wells came up dry last week in the eastern Ohio and western Pennsylvania sectors of the Utica shale, state agencies report. The Ohio Department of Natural Resources and the Pennsylvania Department of Environmental Protection did not issue any permits for new horizontal wells in the Utica for […]

OOGA Chief: ‘Mechanisms in Place’ to Deal with Spill

YOUNGSTOWN, Ohio – The president of the organization that represents oil and gas drillers in Ohio offered his assurances today that the state has adequate resources to address issues such as the injection well spill discovered last week in Vienna Township (READ STORY). David Hill, president of the Ohio Oil and Gas Association, said he […]

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