ShaleBlog.com » Utica Shale

US Gas Shales Attract Worldwide Investors

admin — Mon, 09 Jan 2012 16:55:25 +0000

In just the past few weeks companies from China, France and Japan have purchased large holdings in the Eagle Ford, Utica and Marcellus Shales.

Another Big Chinese Purchase of US Shale Plays

admin — Wed, 04 Jan 2012 21:06:28 +0000

Sinopec, a major Chinese oil and gas company also known as China Petroleum & Chemical Corporation Limited, will purchase a 1/3 share of Devon Energy’s holdings in five shale plays in the United States for $900 million in cash and contribute $1.6 billion towards future drilling expenses. Properties in the Utica Shale, Tuscaloosa Marine Shale, Niobrara Shale are included.

Declining Royalty Payments from Natural Gas Wells

admin — Wed, 04 Jan 2012 01:55:34 +0000

Many property owners are very surprised when the royalties that they receive from a natural gas well on their property decline sharply. They are learning about production decline curves.

Total Spends $2.32B for Utica Shale Assets

admin — Wed, 04 Jan 2012 01:29:20 +0000

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.

Electric Power from the Marcellus and Utica Shales

admin — Fri, 23 Dec 2011 16:57:24 +0000

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 and Utica Shales.

Refinery for Utica Shale Crude Oil

admin — Wed, 14 Dec 2011 05:08:47 +0000

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.

Economic Opportunities in the Utica Shale of Eastern Ohio

admin — Thu, 08 Dec 2011 15:52:57 +0000

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.

The Era of Aggressive Natural Gas Leasing is Ending

admin — Tue, 06 Dec 2011 15:41:23 +0000

Some industry experts believe that onshore natural gas leasing is winding down and major plays like the Marcellus and Utica are unlikely to be found in the future.

Competition for Acreage in the Utica Shale of Ohio

admin — Tue, 06 Dec 2011 05:40:04 +0000

Chesapeake Energy, Exxon Mobil and Hess are all working to acquire acreage in the Utica Shale of eastern Ohio.

Learning about Oil and Gas Leases

admin — Mon, 05 Dec 2011 05:01:30 +0000

An article in the New York Times reviews some potential rewards and problems that occur when a landowner decides to lease his property for oil and and gas development.

Related: Mineral Rights

Podcast: Who Should Regulate Natural Gas Drilling?

admin — Thu, 01 Dec 2011 02:32:58 +0000

Some local governments would like to have greater control over where, when and how natural gas drilling can be done in their areas of jurisdiction. This podcast explores the division of regulation between state and local governments in Pennsylvania.

States Compete for Natural Gas Drilling?

admin — Tue, 22 Nov 2011 05:48:17 +0000

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 Marcellus Shale drilling moved drilling out of New York and into Pennsylvania.

Utica Shale Gas Boom in Eastern Ohio

admin — Fri, 11 Nov 2011 05:59:53 +0000

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.

Natural Gas Liquids are Hitting the Bottom Line for Drillers

admin — Tue, 08 Nov 2011 05:30:55 +0000

Chesapeake Energy reports that natural gas liquids contributed 17% of their total production but 40% of their natural gas and liquids revenue. This is part of what is fueling interest in plays such as the Utica Shale and Eagle Ford Shale.

$15,000/Acre – Utica Shale Deal

admin — Mon, 07 Nov 2011 16:39:38 +0000

An article on the FuelFix.com website explains how Utica Shale Formation 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.