Drilling Down

Activist Groups to Protest Permit for Injection Well

YOUNGSTOWN, Ohio – Two activist groups are petitioning the Ohio Department of Natural Resources to deny a permit to inject wastewater into a newly drilled well along state Route 193 in Vienna Township that recently came under new ownership. The groups – FrackFree Mahoning Valley and Buckeye Forest Council — say that the injection well, […]

Permits, Rig Count Still Weak in Ohio’s Utica

YOUNGSTOWN, Ohio – The continued collapse in oil prices has stalled oil and gas exploration across Ohio’s Utica shale and Pennsylvania’s Marcellus shale, while permit activity is also anemic, data show. According to the weekly rig count report issued Feb. 6 by Baker Hughes, 19 horizontal rigs were operating across Pennsylvania. It’s the lowest rig […]

Shell Plans Investments in Petrochemicals Division

YOUNGSTOWN, Ohio – Royal Dutch Shell PLC says it plans to make additional investments in its downstream and petrochemicals division this year, a decision that may bode well for its efforts to build a multibillion-dollar cracker plant near Monaca, Pa. During a conference call with analysts, Netherlands-based Shell CEO Ben van Buerden said that depending […]

Chesapeake: ‘No Plans to Pursue Bankruptcy’

OKLAHOMA CITY – Chesapeake Energy Corp., the most prolific driller in eastern Ohio’s Utica shale, reports it has retained a law firm to restructure its $9.8 billion debt, triggering a free fall in its share price this morning. Chesapeake’s stock plummeted as much as 50% in the wake of a Debtwire report this morning that […]

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 […]

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