The Ohio Department of Natural Resources has temporarily shut down a waste injection well that is suspected to have triggered earthquakes. The state has nearly 200 other injection wells that have not been associated with seismic activity.
More at The Columbus Dispatch.
Total has an agreement to purchase a 25% stake in 619,000 acres of Utica Shale in eastern Ohio from Chesapeake Energy for $2.32 billion. That is an average price per acre of $14,991.
More at San Francisco Chronicle.
As environmental regulations hasten the closure of coal-fired power plants American Electric Power plans to build a 1bcf/day pipeline to deliver gas from wells in the Marcellus [1] and Utica Shales [2].
[1] http://geology.com/articles/marcellus-shale.shtml
[2] http://geology.com/articles/utica-shale/
An article on the Boston.com website explores possible developments related to the Marcellus Shale in 2012. A new lease environment, geographic shifts in activity, price directions and more.
More at Boston.com.
Marathon Petroleum is preparing to refine oil produced from the Utica Shale of eastern Ohio and western Pennslyvania. The Ohio Department of Natural Resources estimates that the Utica Shale could yield between 1.3 and 5.5 billion barrels of crude.
More at West Virginia Business Journal.
In many parts of the Marcellus Shale gas play local residents are disappointed to see so many workers from over a thousand miles away getting high-paying jobs while local unemployment rates are very high. Letters similar to this one have been publishe…
More at Huntington News.net.
Josh Mandel, Treasurer of the State of Ohio and Jim Cramer, host of Mad Money discuss some of the economic opportunities in the Utica Shale of eastern Ohio.
Chesapeake Energy, Exxon Mobil and Hess are all working to acquire acreage in the Utica Shale of eastern Ohio.
More at .
The Marcellus Shale Coalition website has an article that provides safety advice for people who will be hunting in areas where natural gas drilling is taking place.
More at Marcellus Shale Coalition.
An article on the PittsburghLive.com website explains how regulations and costs of doing business in neighboring states can stimulate or deter the development of a resource such as natural gas. Not mentioned in the article is how a moratorium on Marce…
More at PittsburghLive.com.
An article on the Patch.com website includes some valuable advice to people who have an interest in leasing their land for natural gas development.
Related Article: Mineral Rights [1]
[1] http://geology.com/articles/mineral-rights.shtml
More at Patch.com.
Natural gas companies have drilled a number of highly successful wells into the Utica Shale of eastern Ohio. Now, drilling, permitting, and acquisition activity is starting to boom.
More at Geology.com.
An article on the FuelFix.com website explains how Utica Shale Formation [1] assets in eastern Ohio are being valued at up to $15,000/acre. Just a few years ago landowners were leasing for just $10/acre.
[1] http://geology.com/articles/utica-shale/
More at FuelFix.com.
The Marshall University Center for Business and Economic Research has prepared: Taxation of Natural Gas: A Comparative Analysis. This publication reviews the many methods of taxing natural gas 19 different states. You might be surprised at how many …
More at Marshall University Center for Business and Economic Research.
Thousands of people across the United States have signed leases that give energy companies the right to drill on their land. However, many of these properties have mortgages that prohibit the property owner from entering into a mineral lease.
More at New York Times.
State and local governments have either been collecting revenues from Marcellus Shale activities or wishing that they were collecting revenues. An article on Platts.com explores some of the ways that state and local governments are generating revenues.
More at Platts.
Parts of the Marcellus Shale and Utica Shale contain worthy amounts of ethane which is a valuable feedstock for the plastics industry. Will it be shipped by pipeline to distant manufacturers or will local manufacturing industries develop?
More at Reuters.
The Ohio Geological Survey has an online presentation that summarizes the Marcellus Shale [1] resource in Ohio. It also contains lots of information about the Utica Shale [2] in Ohio.
[1] http://geology.com/articles/marcellus-shale.shtml
[2] http://geology.com/articles/utica-shale/
An Associated Press article examines how people who favor and oppose Marcellus Shale natural gas development have very different perceptions of problems and opportunities.
More at Associated Press @ Google.
It is never politically popular to accept out-of-state waste and injection well owners in Ohio are taking heat because they are injecting Marcellus Shale drilling waste from Pennsylvania. An article in the Houston Chronicle explains why so much Pennsyl…
More at Houston Chronicle.
“Chesapeake Energy Corporation disclosed initial horizontal well drilling results in the wet gas and dry gas phases of the Utica Shale play in eastern Ohio and western Pennsylvania.
The Buell 10-11-5 8H in Harrison County, Ohio was drilled to a lateral length of 6,418 feet and achieved a peak rate of 9.5 million cubic feet (mmcf) per day of natural gas and 1,425 barrels (bbls) per day of natural gas liquids and oil (liquids), or 3,010 barrels of oil equivalent (boe) per day.” Quoted from the Chesapeake Energy press release.
More at Chesapeake Energy.
A sequence of rocks above the Marcellus Shale, known as the “Upper Devonian Shales” might hold significant amounts of recoverable natural gas and natural gas liquids. From top to bottom the Upper Devonian Shales, Marcellus Shale and Utica Shale are the “stacked plays of the Appalachians”.
More at Platts.com.
Although data is only available for 16 wells drilled into a Utica Shale resource that has a geographic extent of 170,000 square miles, that is not stopping oil and gas companies from spending billions of dollars on acreage.
More at Wall Street Journal.
An article on the Cleveland.com website reports that unconventional natural gas and oil in Ohio could create over 200,000 jobs and generate billions of dollars in economic activity.
More at Cleveland.com.
Communities in New York, Pennsylvania and West Virginia have passed bans on hydraulic fracturing within their political boundaries. In some instances these bans have been overturned because the power to regulate of oil and gas drilling belongs to Stat…
More at Business Week.
With just a small number of wells drilled into the Utica Shale using current technology, the potential of that rock unit remains unclear. However, a number of companies are placing big bets on the Utica – especially in Ohio.
More at Seeking Alpha.
Shell Oil Company is interested in developing a large-scale ethylene cracker plant somewhere over the Marcellus Shale of Pennsylvania, West Virginia or Ohio. The plant would process natural gas liquids into a variety of chemical products.
More at Pittsburgh Live.
The United States Geological Survey and the Energy Information Administration have published significantly different estimates of the amount of natural gas contained in the Marcellus Shale. An article in NorthcentralPA.com reports that the estimate metrics are very different.
More in NorthcentralPA.com.
Shell plans to build a world-scale ethylene chemical plant in the Appalachian area that will process ethane from Marcellus Shale natural gas into products for the chemical industry.
More at PennLive.com.
The United States Geological Survey estimates that there are about 84 trillion cubic feet of natural gas in the Marcellus Shale. Estimates from the Department of Energy put the amount of gas at 410 trillion cubic feet.
More at Bloomberg.com.
