Tuesday, December 18, 2012

BP Moves into New Facility, Announces Trumbull County Plans for 2013, Says Existing Pipelines Aren't Enough

From the Tribune Chronicle:
The limited pipeline infrastructure of Trumbull County and northeast Ohio will quickly be overwhelmed by the development expected in the natural gas and oil industry, BP officials said Monday.
Some existing pipelines can be accessed, but the energy giant, which plans to begin drilling 10 experimental wells by April in Trumbull County, is spending time determining what is necessary for the long term.
''We would have to look to expand the existing infrastructure in order to manage the product,'' said BP's Ohio Operations Manager Joe Uppercue.
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From Business Journal Daily:
 Abbuhl made the comments during a press event announcing BP's new hub for its Utica operations – a 43,000-square-foot building at the Youngstown Commerce Park once occupied by FedEx.
The prospective well sites in Trumbull County were selected because BP holds a significant amount of contiguous leasehold acres in these areas, Abbuhl said. That makes it easier to combine the acreage into larger units, which is necessary when energy companies conduct horizontal drilling. 
Most of the initial work would be on land leased as part of the Associated Landowners of the Ohio Valley, or ALOV. Earlier this year, BP leased some 84,000 acres from more than 1,000 landowners in Trumbull County. The company continues to conduct due diligence on many of these land titles, Abbuhl said.
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