Thursday, December 13, 2018

Monroe County Shale Rail Project Gets $20 Million Federal Grant

From a press release:
The following press releases from certain members of Congress were recently released to announce a $20 million federal grant for rail and pipeline infrastructure improvements at the Long Ridge Energy Terminal, wholly-owned by Fortress Transportation and Infrastructure Investors LLC. 
Brown Announces $20 Million in Federal Funding for Monroe County Infrastructure Project 
Funds will Support Economic Development Efforts in Hannibal, Ohio 
Thursday, December 6, 2018 
U.S. Sen. Sherrod Brown (D-OH) today announced $20 million in new federal funding for the town of Hannibal, Ohio to invest in its rail transloading project. This funding will allow the Ohio Rail Development Commission to construct a railyard and pipeline facility in order to increase the Long Ridge Energy Terminal’s capacity and connect it to existing rail infrastructure. This will give the area’s energy exports, including natural gas, better access to global markets. Brown wrote to the Department of Transportation in July in support of this project. 
“When our rural communities have up-to-date infrastructure, it helps them grow and support local jobs,” said Brown. “This project will have a significant economic impact on Hannibal and across Southeast Ohio.” 
The project will construct a pipeline-to-rail transloading facility at an energy terminal including truck racks with unloading bays, ladder tracks connecting to the recently constructed loop track, and rail loading arms. 
The funding for the project was made available through the Department of Transportation’s (DOT) through the Better Utilizing Investment to Leverage Development (BUILD) Transportation Discretionary Grants program.
Read more by clicking here.

Wednesday, December 12, 2018

Some Recent Oil and Gas Numbers Are Very Impressive

From Forbes:
They say numbers don't lie, and the last two weeks for the U.S. oil and gas industry have seen the announcements of some pretty amazing numbers. These are numbers that demonstrate exactly how productive and efficient the business has become, and numbers that must be put into some context to understand how extraordinary they really are. 
So, as we move into mid-December 2018, let's give it a shot: 
The U.S became a "net exporter" of petroleum liquids for the first time 75 years. - That's right, the week of November 30 through December 5 saw the United States of America actually export more crude oil and other oil-derived liquids than it imported from other countries. The key part of that sentence is "other oil-derived liquids," which include gasoline, diesel and other refined products. Rolling all of those products into the equation, the U.S. exported about 211,000 barrels per day more than it imported for the week, as reported by Bloomberg
The U.S. did not become a net exporter of "crude oil," as some others in the energy news media mistakenly reported. As Robert Rapier reported at Forbes.com over the weekend, our country is still a sizable net importer of crude alone, an equation that will not be reversed anytime soon.
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OPEC and Allies Agree to Slash Oil Production

From CNBC:
Major oil producers have reached a deal to cut oil production and boost the market, following two days of grueling negotiations and despite opposition from U.S. President Donald Trump
OPEC clinched the deal with allied oil-producing nations including Russia at its headquarters in Vienna, Austria on Friday. The gathering came after deep divisions in the energy alliance were laid bare at a closely-watched meeting on Thursday, with OPEC unable to agree on the terms of crude output cuts. 
The alliance will take 1.2 million barrels per day off the market for the first six months of 2019. The 15-member OPEC cartel has agreed to reduce its output by 800,000 bpd, while Russia and the allied producers will contribute a 400,000 bpd reduction.

The deal is in line with expectations for the allies to throttle back output by 1 million to 1.4 million bpd.
Now we will likely see U.S. shale drillers ramp up oil production.  Click here to read the rest of this story from CNBC.

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NEXUS Owner and Contractor Facing At Least a Dozen Lawsuits from Ohio Landowners

From The Canton Repository:
Several landowners along the NEXUS pipeline have sued the pipeline’s owner and its construction contractor, saying the companies broke agreements to protect and restore properties affected by the project. 
Michael Thompson, the Jackson Township attorney representing the landowners, has filed a dozen lawsuits in Stark, Summit, Wayne and Columbiana counties in the last couple of weeks against NEXUS Gas Transmission and Michels Corp. 
NEXUS is a $2.1 billion pipeline backed by Detroit-based DTE Energy and Enbridge, a Canadian company. Michels Corp. is a construction firm in Wisconsin. 
The 36-inch diameter pipeline can carry up to 1.5 billion cubic feet of natural gas a day from the Utica and Marcellus shales to users in Ohio, Michigan and Canada. 
Thompson said he anticipated filing more lawsuits in the coming weeks, and Tuesday he added Michels to a lawsuit filed against NEXUS in July. The lawsuits have two aims:
“One, to hold (NEXUS and Michels) accountable for specific damages that they’ve caused, and, two, so that in the future, a message is given to them that they can’t just do what they want and trample on the rights of the property owners,” Thompson said.
Click here to learn more about these lawsuits.

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Ohio House Approves Use of Brine for Road De-Icing

From Cleveland.com:
The Ohio House of Representatives on Thursday passed legislation allowing brine from vertical oil and gas drilling to be used for road de-icing, despite concerns that the salty liquid contains dangerous and radioactive chemicals. 
House Bill 393, which heads to the Senate after passing the House 52-31, is touted by supporters as a way to promote the use of a product that is a safer and less corrosive alternative to rock salt to keep roads ice-free. 
State Rep. Anthony DeVitis noted that for more than a decade, the Ohio Department of Transportation used brine from drilling operations. 
However, in 2014, state lawmakers imposed restrictions on the sale of fracking byproducts that inadvertently applied to vertical wells too. DeVitis said this bill, which would not apply to brine used in horizontal “fracking” drilling operations, would rectify that move.
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Tuesday, December 11, 2018

New Study: U.S. Shale Boom Has Lowered Trade Deficit by Over $250 Billion

From a press release:
The boom in U.S. oil and gas production over the past decade has exerted a moderating force on what is a large domestic merchandise trade deficit by helping reduce the country’s net petroleum imports, a new report by business information provider IHS Markit (Nasdaq: INFO) says. Continued U.S. production growth is now on track to make the country a net-exporter of petroleum for the first time since at least 1949. 
The total U.S. merchandise trade deficit in 2017 was nearly $250 billion lower than it otherwise would have been if the petroleum (crude oil, refined products and natural gas liquids – petroleum liquids separated out from natural gas and also known as NGLs) trade deficit had remained at its 2007 level, the report finds. IHS Markit projects that the U.S. petroleum trade balance will further improve by roughly $50 billion between 2017 and 2022. 
The findings are part of a new report entitled Trading Places: How the Shale Revolution Has Helped Keep the U.S. Trade Deficit in Check. The report examines the impact of rising U.S. oil, natural gas and chemicals production on the domestic trade merchandise balance and how the U.S. position in energy and chemicals may evolve in coming years.
Click here to read the rest of the release.

Click here to read more and fill out a form to download a copy of the report.

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Permitting Picks Up in Utica Shale



New permits issued last week: 13 (Previous week: 7)  +6
Total horizontal permits issued: 2948 (Previous week: 2935)  +13
Total horizontal wells drilled: 2467 (Previous week: 2462)  +5
Total horizontal wells producing: 2088 (Previous week: 2088)  +-0
Utica rig count: 17 (Previous week: 18)  -1

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December 2018 Shale Activity Maps Released by ODNR






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