The Pittsburgh Post-Gazette reports mergers, acquisitions, and partnerships across Pennsylvania’s Marcellus and Utica shales in first quarter of 2013 are on pace with last year’s growth, according to a new analysis by the firm PwC: The report found three transactions totaling $882 million in the first three months of the year related to development in Pennsylvania’s Marcellus [...]
Move over, Marcellus – the United States Geological Survey has released its first estimate of the Utica Shale’s natural gas potential, and believes the formation may contain 38 trillion cubic feet of undiscovered gas. That’s less than the Marcellus – currently estimated to house 84 trillion cubic feet – but still a substantial amount of [...]
Earlier today, we took you on a tour of the Drake Well Museum, which documents the world’s first oil well. During our interview, I asked curator Sue Bates when western Pennsylvania’s oil boom had ended. “Well, we’re booming again,” was her response. And Bates is right. This summer, Crawford County got its first shale well: [...]
The Associated Press fact-checks a claim by Ohio Governor John Kasich, and concludes the Republican’s prospects for oil and gas profits are a bit overoptimistic: COLUMBUS, Ohio — Ohio Gov. John Kasich’s claim that a single energy company could recover $1 trillion worth of oil and gas from the state’s shale is an exorbitant overestimate, [...]
There hasn’t been any drilling yet in Mercer County, which sits on top of the Utica Shale, rather than the Marcellus. But wells are expected to be drilled beginning next year. Hoteliers there have heard all about the Marcellus boom’s impact on the lodging industry, and are looking forward to increased business. More from the [...]
Two months ago, Chesapeake Energy was boasting about its Ohio land holdings. One of its natural gas wells was producing 300 times the average Ohio well’s output. This week, the company is selling a quarter of its Utica Shale leases. The Post-Gazette reports that “through a listing on the website of Meagher Energy Advisors, Chesapeake [...]
Virginia-based Dominion Resources is expanding its Marcellus and Utica Shale operations, as the Post-Gazette reports: Dominion is expanding gas transmission and processing projects and pipelines across the Marcellus and Utica regions, with plans for facilities in every state where producers are extracting gas from the rock formations, said President and CEO Thomas F. Farrell. The [...]
Everybody wants to ring in New Year’s Eve with a bang. Most people just want a heads-up the bang is coming. Diane Slender was at home, drying her hair, on the afternoon of December 31st. “I was in the bedroom and this big – baboom! My husband thought I fell,” she said. “And he’s like, [...]
Production numbers are showing a lot of natural gas in Ohio’s Utica Shale, as the AP reports: Figures reported Monday by Oklahoma City-based Chesapeake Energy Corp. show five wells in eastern Ohio producing 2.6 billion cubic feet of natural gas in 2011. The other four wells produced hundreds of barrels of oil but are not [...]
The latest sign energy companies are more interested in Ohio’s Utica Shale than Pennsylvania’s Marcellus play: an 84,000-acre leasing purchase by British Petroleum. More from the Post-Gazette:
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