Drilling Down

6 Permits Issued to Chesapeake for Carroll County

YOUNGSTOWN, Ohio – The Ohio Department of Natural Resources issued six permits for new horizontal wells in the Utica shale last week – all of them to Chesapeake Exploration LLC in Carroll County. Chesapeake is the most prolific driller in the Utica shale and Carroll County, with 493 permits for horizontal wells, according to ODNR. […]

Shale Industry Group Charts Capex, Employee Cuts

YOUNGSTOWN, Ohio – The Marcellus Shale Coalition, an industry-funded advocacy group based in Pittsburgh, reported Monday that 22 energy companies with operations in Pennsylvania have reduced capital expenditures anywhere from 12% to 74%. These 22 companies have also furloughed workers and/or closed offices, the coalition said. “Pennsylvania has experienced widespread job loss and massive capital […]

Consol Energy Warns Investors to Expect Loss

CANONSBURG, Pa. – Consol Energy Inc. today warned its investors to expect a second-quarter loss from operations, primarily due to lower commodity prices. Consol will announce its results July 28. “Separate from the operating loss, the company expects to record a significant impairment charge due to the reduction in the carrying value of Consol’s conventional […]

Utica Potential Much Larger than Initially Thought

MORGANTOWN, W.Va. – The Utica shale contains far more recoverable oil and gas than initial estimates and is likely the second-largest natural gas formation in the country second to the Marcellus shale, according to a newly released study led by West Virginia University. The Utica Shale Play Book Study was conducted by the Appalachian Oil […]

Rover Pipeline to Spend $85M with Ohio Companies

YOUNGSTOWN, Ohio – Rover Pipeline LLC is placing more than $85 million worth of orders from Ohio-based companies – including a distributor in Struthers — for components needed to construct the Ohio leg of a 711-mile pipeline system that will run from West Virginia and western Pennsylvania to Michigan. “It’s nice to see something like […]

10 New Permits Issued for Southern Tier of Utica

YOUNGSTOWN, Ohio – Energy companies continue to target the southern tier of the Utica shale in eastern Ohio where oil and gas wells have proven more productive than those drilled in the north. The Ohio Department of Natural Resources issued 10 new horizontal permits during the week ended July 11, all in the southern part […]

Marathon MLP to Acquire MarkWest for $20 Billion

FINDLAY, Ohio – A subsidiary of Marathon Petroleum Corp., MPLX L.P., announced Monday that it has signed a definitive merger agreement with Denver-based MarkWest Energy Partners L.P. valued at $20 billion. MarkWest is the largest natural-gas processor and fractionator in the Utica shale in eastern Ohio and the Marcellus shale in western Pennsylvania and West […]

ODNR Issues 21 New Permits in Utica Shale

YOUNGSTOWN, Ohio – The Ohio Department of Natural Resources issued 21 new permits for horizontal wells for the week ended July 4, the agency reports. All of the permits were allocated to the southern tier of the play in Monroe, Harrison and Noble counties. No new permits were issued for Mahoning, Trumbull or Columbiana counties […]

‘Ballot Integrity’ Opposes Fifth Vote on Fracking

YOUNGSTOWN, Ohio – Four times is more than enough for the Youngstown electorate to voice its opinion on the same issue in the voting booth. That’s the case area labor unions and business owners presented Wednesday morning outside the Mahoning County Board of Elections. The labor leaders and business owners call themselves Voters for Ballot […]

Advocacy Group Seeks to Block 5th Frack Vote

YOUNGSTOWN, Ohio – Voters for Ballot Integrity, a newly formed advocacy group opposed to what organizers say is abuse of the city’s charter amendment process by proponents of the Community Bill of Rights, will hold a press event today at the offices of the Mahoning County Board of Elections. Backers of the Community Bill of […]

Pages

Subscribe to RSS - Drilling Down