Mouse Over to Stop Rotation & Read Ad

Wednesday, October 17, 2018

Rig Count Up One, But Permitting Remains Slow in Utica

New permits issued last week: 3  (Previous week: 4-1
Total horizontal permits issued: 2900 (Previous week: 2897+3
Total horizontal wells drilled: 2424 (Previous week: 2421+3
Total horizontal wells producing: 2033 (Previous week: 2033+-0
Utica rig count: 18 (Previous week: 17)  +1

Connect with us on Facebook and Twitter!

Utica Shale Academy Seeing Uptick in Enrollment

From The Herald Star:
Enrollment in the Utica Shale Academy is increasing, members of the governing board of the Jefferson County Educational Service Center board learned Wednesday.

Tony Delboccio, principal of the Salineville campus, said enrollment is up at the academy’s locations in Salineville and Columbiana. 
“It’s good,” he said. “There are a a couple of days we are packed in there like sardines, but it’s a good thing.” 
Delboccio reported the enrollment in the schools is up to 49 students at the Salineville campus and 14 at the Columbiana campus. 
He said the school now is providing the students with lunches. 
“They were spending $20 at the vending machines and it was taking away from instruction time,” Delboccio said. 
He also told the board there is more than $55,000 worth of rollover funds that can be used for the new school year.
Click here to read more.

Connect with us on Facebook and Twitter!

Past, Present and Future of Shale Activity in Ohio All Part of Event at Belmont College

From The Times Leader:
Future job creation and a large investment in the economy are expected to stem from the natural gas boom in Eastern Ohio.

That was part of the message shared Thursday when more than 100 people gathered at Belmont College to learn about the status of the Utica Shale play in Ohio. The St. Clairsville Area Chamber of Commerce worked with the Columbus-based Ohio Oil and Gas Association to coordinate the event, which also featured speakers from the Ohio Gas Association and the American Petroleum Institute — Ohio, Ascent Resources and EQT Corp. Those industry insiders addressed a large crowd in the newly renovated Horizon Hall in a Lunch and Learn format. 
Mike Chadsey, public relations director for OOGA, educated the audience on the history of oil and gas development in the Buckeye State. While the first successful drilling operation got underway in Pennsylvania in the mid-19th century, Chadsey said oil was first discovered in Ohio in 1814 in Noble County near present-day Caldwell. He added that during the “Rockefeller days,”referring to Standard Oil founder John D. Rockefeller, Ohio was the world’s largest crude oil producer. 
Today, natural gas is being pumped from wells in the same region where the first oil strike occurred, with nearly 3,000 wells permitted across the state. He provided the following figures regarding the number of permitted wells in local counties: 
∫ Belmont — 585 wells
∫ Harrison — 423 wells
∫ Monroe — 413
∫ Jefferson — 194
Read on by clicking here.

Connect with us on Facebook and Twitter!

Utica Summit in Canton Hears Update on Cracker Plant in PA

From the Akron Beacon Journal:
Shell Appalachia’s “cracker plant” in western Pennsylvania is years away from making plastic pellets, but thousands of workers are busy building the $6 billion project. 
Michael Marr, Shell Appalachia’s business integration lead, gave his first presentation on the Pennsylvania Chemicals Project to an Ohio audience at Utica Summit VI presented Wednesday by the Canton Regional Chamber of Commerce and at Walsh University. 
Shell is building its Pennsylvania Chemicals Project on the site of a former zinc smelter next to the Ohio River in Beaver County. 
Shell chose to build the plant about 30 miles northwest of Pittsburgh because the site is close to ethane-producing Marcellus Shale wells and is within 700 miles of 70 percent of the North American market for polyethylene pellets. 
The plant consists of a cracker that uses heat and pressure to turn ethane into ethylene. Three other units then turn the ethane into polyethylene resin that other companies use to make packaging, film, pipe and other goods. 
Shell exercised its option on the property in 2015 and had to move 7.2 million cubic yards of dirt to prepare the site.
Continue reading by clicking here.

Connect with us on Facebook and Twitter!

Wastewater Disposal News: Nuverra Announces Acquisition of Clearwater

From a press release:
Nuverra Environmental Solutions, Inc. (NYSE American: NES) today announced it has acquired Clearwater Solutions, a leading operator of saltwater disposal wells (SWDs) in the Marcellus and Utica Shale areas, for $41.9 million, subject to customary purchase price adjustments. 
This purchase more than doubles Nuverra’s SWD capacity in the region and will add value for each of its customers with more strategically located disposal capacity. Clearwater’s disposal wells at the Clearwater Three and Clearwater Five locations offer several offloading lanes and disposal capacity of 17,500 barrels per day. Its locations are in Guernsey County, Ohio, which is in the heart of the regional oil and gas activity. 
Charlie Thompson, Interim Chief Executive Officer said, “The Clearwater acquisition significantly improves our competitive position in the Northeast marketplace due to the added capacity of the new wells and logistical advantages for our trucking business. Based on recent volume statistics, Nuverra will be the second largest commercial operator of SWDs in the region. Clearwater’s 2018 forecasted normalized EBITDA is approximately $8 million before synergies. Synergies expected to be realized through integration with our trucking operations would reduce the post-synergy acquisition multiple to less than four times EBITDA.” 
In connection with this transaction, Nuverra’s two largest shareholders have provided financing of $32.5 million in the form of a bridge loan that will be repaid with proceeds from a planned offering to shareholders of common stock purchase rights. The rights offering will be made available to all shareholders on a pro rata basis and bridge loan lenders have committed to purchase the shares underlying any rights that are not exercised by other holders. In addition, the Company amended its first lien term loan to extend its maturity and received an additional $10 million of term loan proceeds that funded a portion of the Clearwater purchase price and made various other modifications to give the Company additional flexibility.
Click here to read the entire press release.

Connect with us on Facebook and Twitter!

Lordstown Energy Center Comes Online

From a press release:
Lordstown Energy Center (LEC), a 940-megawatt, gas-fueled electricity generation plant, announced today that it has begun commercial operation. LEC uses locally sourced natural gas to generate safe, clean and efficient energy that serves approximately 850,000 households. 
“We are excited to serve customers with this state-of-the-art, environmentally friendly facility,” said Robert Haley, LEC operations director. “Our team is well-equipped and highly trained, and I’m pleased that we have begun 24/7 operations.” 
“We’re very grateful for the support we’ve received from our investors, employees, suppliers, local and state government leaders and the residents of our community, including hundreds of construction workers. Their cooperation and hard work were critical to our ability to achieve today’s milestone.” 
James Dignan, president and CEO of Youngstown Warren Regional Chamber, added, “We are happy to have helped bring this nearly $1 billion investment to the Mahoning Valley. The Lordstown Energy Center has already proven itself to be a good corporate citizen. We look forward to having the company be a part of our community for decades to come.”
Read the rest of this release by clicking here.

Connect with us on Facebook and Twitter!

Injection Well in Athens Has a New Owner

From a press release:
Reliable One Resources, Inc., a provider of innovative water disposal and water recycling services, today announced the purchase of an existing, operating, water disposal and injection facility in Athens County, Ohio, a key milestone in the company’s strategy to collect and treat produced and flowback water for oil and gas operators throughout the United States. The purchase was made by Reliable One’s wholly-owned Reliable Enterprises, Inc. subsidiary, which does business in the state as Reliable Enterprises Ohio, Inc.

The Athens County facility has current contracts with oil and gas producers and water haulers in the Marcellus Shale region. As a result, an existing supply of water is already committed to the site, and operations at the facility will be maintained throughout the ownership change. Existing management has agreed to stay on to ensure a seamless transition with uninterrupted operations at the site. 
The location of the facility is considered ideal due to its proximity to operators in the Marcellus Shale as well as those in the Utica Shale and adjoining oil and gas producing areas. 
Near-term plans for the facility include expanding water storage with the installation of additional tanks, which is projected to increase capacity by 30%, followed by the drilling of a second well that will allow for even faster processing of incoming water supplies. 
The company’s broader operational plan includes securing larger amounts of produced and flowback water for delivery to the Athens County facility as well as for processing at Reliable One’s future water recycling facility in the Marcellus region.

To that end, Reliable One also expects to complete the pending purchase of multiple trucking companies that currently haul produced and flowback water from Marcellus-area oil and gas operations.
Read the whole release by clicking here.

Connect with us on Facebook and Twitter!

Friday, October 12, 2018

ODNR Posts Latest Updated Utica and Marcellus Shale Activity Maps

Connect with us on Facebook and Twitter!

Follow by Email