Drilling Down

Chesapeake Posts $1.79B Loss in Second Quarter

OKLAHOMA CITY –Chesapeake Energy Corp., at one time the most prolific driller in eastern Ohio’s Utica shale, reported a net loss of $1.792 billion during the quarter ended June 30 because of continued depressed commodity prices and reduced value of its assets. Chesapeake CEO Doug Lawler said in a statement that the company has increased […]

Eclipse Resources Resumes Drilling in Utica Shale

STATE COLLEGE, Pa. – Eclipse Resources Corp. says that it expects “robust production growth” throughout the rest of the year and into 2017, as the oil and gas company resumed drilling in the Utica shale in Ohio. Eclipse reported a net loss of $73 million for the quarter ended June 30, but rising commodity prices […]

ODNR Issues 4 Permits in Utica Shale

YOUNGSTOWN, Ohio – The Ohio Department of Natural Resources issued four horizontal well permits in the Utica shale play during the week ended July 30, while the rig count stood at 15, the agency reported Monday. According to ODNR’s latest update, Gulfport Energy Corp. received three well permits, and Ascent Resources was awarded one permit […]

LNG Exports Fuel Pipeline Projects in Ohio, Pa.

YOUNGSTOWN, Ohio — Despite the collapse of oil and gas prices that started at the tail end of 2014, industry executives are upbeat about the prospects of increased international demand for natural gas liquids found in the Utica and Marcellus shale plays. That means more opportunities to export these liquids through pipelines and major ports […]


Subscribe to RSS - Drilling Down