Drilling Down

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 […]


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