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Thursday, July 31, 2014

Links for 7/31/14: Company Opens Office in Ohio, Utica Shale Draws Comparison to Eagle Ford, and More

Marcellus Drilling News:  Towns that Ban Fracking Could be Bankrupted by Takings Lawsuits (subscription required)   -   "One study mentioned in the NARO announcement says that bans and moratoria in Boulder County, CO could result in more than one billion dollars of “takings” lawsuits by landowners. In other words, the lawsuits will bankrupt the towns and villages stupid enough to enact a ban. Are you listening..."

PRWeb:  All Over the Map: Fenstermaker Extends Locational Reach to the Ohio Region   -   "Fresh on the heels of announcing the ribbon cutting ceremony for its office in Lakes Charles, Louisiana, Fenstermaker confirms that a new location has been established in Cambridge, Ohio. Providing energy services to a growing number of clients in the Utica Shale Play since October 2013, the company..."

Columbus Business First:  Utica shale production comparable to Eagle Ford’s startup, EIA says   -   "Initial natural gas production from the Utica shale mirrors that of the Eagle Ford shale in Texas and is slightly higher than the Haynesville formation in Louisiana, according to a recent Energy Information Administration report. But compared to..."

Seeking Alpha:  EQT's (EQT) CEO David Porges on Q2 2014 Results - Earnings Call Transcript   -   "As we discussed at the time of the first quarter call, we were revisiting our geologic and engineering analysis of the dry Utica/Point Pleasant potential on our acreage. As we look at the initial results of the wells drilled so far in the play by other operators, our technical teams are very encouraged that the results are basically in line with what our models would predict. Until now, we've been hesitant to drill our own well based solely on those models, given the lack of well control. But we think it is now time to drill a test well..."

The Plain Dealer:  Two drilling companies sue Broadview Heights over ban on oil and gas wells   -   "Two drilling companies with natural gas and oil wells in Broadview Heights have sued the city over its prohibition against future wells. Bass Energy Co. Inc., of Fairlawn, and Ohio Valley Energy, of Austintown, said the state of Ohio, not Broadview Heights, has sole authority to permit or deny drilling and..."

Columbus Business First:  Stark State’s oil and gas job-training center on track for January launch   -   "A training center for oil and gas jobs in northeast Ohio is on track to start classes in January. Stark State College, a community college in North Canton that has embraced training workers for the nearby Utica shale, is requesting $2.6 million in state funding ..."

Marcellus Drilling News:  Exclusive: Breakthrough Tech Cleans Frack Wastewater <30 Minutes   -   "What if you were convinced an invention IS the greatest thing since sliced bread–at least as it applies to the world of shale drilling? And what if that invention could clean thousands of gallons of frack wastewater right on site and turn it into DRINKABLE water–in less than 30 minutes? And what if..."

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