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Tuesday, September 30, 2014

MarkWest Utica EMG, L.L.C. and Ohio Gathering Company, L.L.C. Announce Definitive Agreements with American Energy – Utica, LLC

DENVER--(BUSINESS WIRE)--MarkWest Utica EMG, L.L.C. (“MarkWest Utica EMG”), a joint venture between MarkWest Energy Partners, L.P. (NYSE: MWE) and The Energy & Minerals Group, and Ohio Gathering Company, L.L.C. (“Ohio Gathering”), a joint venture between MarkWest Utica EMG and Summit Midstream Partners, LLC, today announced the completion of definitive agreements with American Energy – Utica, LLC (“AEU”), an affiliate of American Energy Partners, LP, to provide natural gas gathering, processing, and fractionation services in the Utica Shale in Ohio.
“The Utica is one of the fastest growing shale plays in the U.S. and we are excited to support American Energy as they are quickly establishing a significant presence in this premier resource play”
AEU has acquired a significant acreage position in highly prolific Utica Shale and with the agreements announced today, has dedicated more than 60,000 net acres in the rich-gas and condensate windows to MarkWest Utica EMG and Ohio Gathering.
Under the terms of the agreements, MarkWest Utica EMG will provide natural gas processing services at its Cadiz complex in Harrison County, Ohio and its Seneca complex in Noble County, Ohio. Combined, these two large complexes currently provide 725 million cubic feet per day of total processing capacity to eight key producer customers in the Utica Shale. Based on previous announcements, the two complexes will be expanded to more than 1.3 billion cubic feet per day of processing capacity by the second quarter of 2015.
MarkWest Utica EMG will fractionate AEU’s natural gas liquids (“NGLs”) at its jointly owned Hopedale complex, which currently includes 60,000 barrels per day (“Bbl/d”) of propane and heavier NGLs fractionation capacity and will be expanded to 120,000 Bbl/d of capacity by the first quarter of 2015. MarkWest Utica EMG will utilize its 40,000 Bbl/d de-ethanization facility at the Cadiz complex to produce purity ethane on behalf of AEU for delivery to the ATEX pipeline.
Ohio Gathering will provide natural gas gathering and compression services for all of AEU’s gas produced from the dedicated area. Ohio Gathering’s system currently consists of hundreds of miles of low- and high-pressure pipelines and numerous compression facilities throughout southeastern Ohio, including Harrison, Guernsey, Belmont, Noble and Monroe counties.
In addition to AEU, MarkWest Utica EMG and Ohio Gathering have existing long-term, fee-based gathering and or processing and fractionation agreements with the majority of producers operating in the southern core area of the Utica Shale, including Antero Resources Corporation (NYSE: AR), Gulfport Energy Corporation (NASDAQ: GPOR), Rex Energy Corporation (NASDAQ: REXX), PDC Energy, Inc. (NASDAQ: PDCE), and others.
“The Utica is one of the fastest growing shale plays in the U.S. and we are excited to support American Energy as they are quickly establishing a significant presence in this premier resource play,” commented Frank Semple, Chairman, President, and Chief Executive Officer of MarkWest. “Just over two and a half years ago, MarkWest and EMG began developing the most comprehensive and fully integrated midstream system in southeastern Ohio, and, together with Summit, we continue to build critical assets to support our producer customers’ drilling programs for decades to come.”

Company's Facility to Wash Waste-Hauling Trucks Shut Down Pending Permit From ODNR

From The Morning Journal:
The truck washing facility used by Clear Creek at the corner of the M&S Truck Stop on state Route 14 ceased operations following a special Aug. 18 planning commission meeting in which the board determined it would not approve their operations without an ODNR permit, which is required. 
City Manager Lance Willard confirmed on Friday the company has not yet received the permit, and Bob Yallech, who is serving as Clear Creek’s legal counsel, said he is optimistic the company will continue operations there in the future. 
“We are waiting to get permitted. We have an engineer who is doing his work and our due diligence, and we expect once his work is done, to obtain a permit,” he said. 
The engineer he was referring to is one working for the ODNR, who will determine whether a permit should be issued.
You can read more by clicking here.

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Royalty Checks Are Coming in For Columbiana County Residents

From Business Journal Daily:
Bob Crosser thought working 42 years as an Ohio Edison troubleshooter was enough, so in 2011 he chose to retire and spend his time tending the horses he raises on a farm along U.S. Route 30 here. 
But a recent turn of fortune might also have factored in his decision. 
“It’s been a gift, really,” Crosser says as his Chevrolet pickup truck bounces toward an operating natural gas well Chesapeake Energy Corp. drilled on his property almost three years ago. “This well’s been good to us. If it keeps coming in like this, I’ll be making a lot more than what I did at Ohio Edison, that’s for sure.” 
As such, Crosser is among the first residents in Columbiana County who are finally reaping the dividends in the form of hefty royalty checks from oil and gas leases they negotiated nearly four years ago. 
Many energy companies have abandoned the northern portion for more lucrative positions further south in Harrison, Belmont, Monroe and Noble counties.  
The lack of interest and overall poor well production in the north has led companies such as BP America and Halcon Resources to suspend drilling in areas of Trumbull and Mahoning counties. 
But the latest data show that wells in Columbiana County are in step with some of the results seen from wells drilled in the southern tier of the play.
You can click here to read much more about how the northern section of the Utica shale is proving that its demise has been overstated.

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Yet Another Look at the Claims of Shale Boom Being a Bubble That's Soon to Burst

From Reason.com:
A lot of folks are fervently forecasting that shale gas and oil production is a bubble about to pop, possibly producing an economic collapse similar to the one in 2008. Earlier this week, the left-leaning Center for Research on Globalization in Montreal dismissed the shale revolution as a "Ponzi scheme" and "this decade's version of the Dotcom bubble." In a column last year for The Guardian, Nafeez Ahmed of the Institute for Policy Research and Development cited studies predicting that U.S. shale gas production will likely peak in 2015 and oil production in 2017. In a July 2013 report for the Club of Rome—the same folks who brought us 1972's doom-mongering classic, The Limits to Growth—the University of Florence chemist Ugo Bardi declared that the "idea that a 'gas revolution' that will bring for us an age of abundance is rapidly fading" because "the data show that the gas bubble may be already bursting." A month later, Richard Heinberg of the Post Carbon Institute said, "It turns out there are only a few 'plays' or geological formations in the US from which shale gas is being produced; in virtually all of them, except the Marcellus (in Pennsylvania and West Virginia), production rates are already either in plateau or decline." 
So was President Barack Obama wrong in 2012, when he claimed, "We have a supply of natural gas that can last America nearly 100 years"? Perhaps not. 
The renaissance of oil and gas production in the United States has largely been the result of applying the technique of hydraulic fracturing (fracking), which releases vast quantities of hydrocarbons trapped in tight shale formations. The bubble theorists make much of the fact that production tends to drop more rapidly in fracked wells than in conventional ones, forcing the frackers to drill more holes just to keep up. They overlook the fact that drillers are working ever faster and cheaper and that newer wells tend to be more productive than earlier wells. How do we know this? Because the number of drill rigs has not increased in most shale fields, yet production continues to go up. 
So what about Heinberg's claim that "production rates are already either in plateau or decline"? He's just wrong. The September drilling productivity report from the federal Energy Information Administration (EIA) notes that since 2013, that gas production is up in every one of the "plays" cited by Heinberg. Production in the Bakken region of North Dakota grew 8 percent; the Eagle Ford, Permian, and Haynesville regions in Texas increased 15, 7, and 97 percent, respectively; the Niobrara region in Wyoming and Colorado rose by 29 percent; and the Utica and Marcellus regions in Ohio, Pennsylvania, and West Virginia surged 142 and 47 percent. "We've been tracking this for 10 years, and recovery rates have gone up dramatically," says EIA forecaster Philip Budzik.
Read the entire article by clicking right here.

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Ohio's Chief Geologist Talks About Potential of Upper Devonian Shale

From Business Journal Daily:
YOUNGSTOWN, Ohio -- The state's chief geologist says that the future of oil and gas exploration across Ohio might rest with improved technology and other shale plays that appear to have the same sort of rich organic content as the Utica/Point Pleasant shale, today a focal point of the industry. 
"We're investigating the Rhinestreet shale and the Huron shale," said Tom Serenko, Ohio state geologist, Tuesday. "If you look at the cores, you see the similarities to the Point Pleasant. We're dealing with very dark, organic-rich shale." 
The Rhinestreet and Huron plays are intervals that help make up the Upper Devonian shale in Ohio, which rests above the Marcellus shale. The Ohio portion of the Marcellus isn't likely to produce a significant amount of natural gas or oil because of its limited scope, Serenko said, but the Upper Devonian could hold promise.
Read the rest of the article by clicking here.

There have been some rumblings that the Upper Devonian could begin to attract some serious attention.  It will be intriguing to see if those plays can inject even further life into Ohio's shale boom.

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Does the Media Brush Aside Positive Reports on Shale Energy to Focus on Negative Ones?

From Natural Gas Now:
Fracking opponents would have us believe modern hydraulic fracturing technology is unstudied, or has only done so by “frackademics.” The term refers to scientists at universities often tainted solely because they they are located in Texas or because they are geologists. Saying geologists are tainted is like saying doctors are prejudiced in a medical diagnosis and it’s best to get a second opinion from a dentist. Or, in the shale “debate” context, the opinion of a rock star, fashion designer or movie star is as valid  – or greater – than those of scientists. 
Good Shale Gas News Tends to Sink Without A Trace 
No less than four recent academic studies have two things in common: Key parts of their conclusions are positive, and in the “conventional” media and thus to the eyes of the public, they sunk without a trace. This ensured Google News flow, which travels downstream to hundreds of local frack-free sites, remains overwhelmingly negative. 
It’s also worth pointing out how many frack-free locations people are setting up anti frack groups in. This is akin to the “nuclear free” zones of the 1980s rarely anywhere near the problem, but which energized the base and convinced others, sympathetic or not, that the movement was far larger than it actually was. 
When Frack Free this and that (fill in the blank) are set up in locations where olive oil production is equally prospective as petroleum (think Vermont), they have three advantages. Magnifying opposition is one, because internet search robots are unable to distinguish between Harvard or MIT and a cleverly named local group. Sites exist in the cloud, but poison the debate in the real world. 
The second advantage is that if there is no local shale developer, local activists won’t be challenged at all and that leads to the third. Most local papers, are likely to give greater credence to anyone simply because they’re local. This means any idiot can get in the local press and often does. It’s a key issue for the industry world-wide, and needs supra-national initiatives to inform the debate.
Read the whole article by clicking here. 

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GreenHunter Resources Announces Significant New SWD Injection Capacity

GRAPEVINE, Texas--()--GreenHunter Resources, Inc. (NYSE MKT: GRH) (NYSE MKT: GRH.PRC), a diversified water resource, waste management, environmental services, and hydrocarbon marketing company specializing in unconventional oil and natural gas shale resource plays, announced today that it has received permits and has completed downhole performance tests on new wells at its Mills Hunter Facility, located in Meigs County, Ohio. Recent bottom hole integrity tests of these wells indicate injection volume capabilities of between 3,000 to 5,000 barrels of oilfield brine water per day per well. This increase in capacity is in line with earlier projections made by the company to double injection capacity by the end of calendar year 2014. The addition of these wells brings GreenHunter’s SWD well count up to 13 in the Appalachian Basin, with a new total daily injection capacity exceeding 31,000 bbls per day.
The majority of this new oilfield brine water injection capacity at the Mills Hunter Facility has already been committed to several large E&P companies active in the region, secured through long term take-or-pay agreements.
Commenting on the addition of four new SWD wells to the Company’s existing portfolio, Kirk Trosclair, EVP and Chief Operating Officer, stated, “The continued build-out of our Mills Hunter Facility ensures GreenHunter’s firm commitment to its core business for our customers. All SWD wells in this area of Mills Hunter are being connected via underground pipelines, which will significantly improve operating performance, while at the same time greatly reducing our overall trucking expense, including wait times. No other SWD injection facility located in the Appalachia region will have this amount of disposal capacity, along with state-of-the-art equipment and virtually zero trucking wait times. This facility has also been designed to accommodate our future barging plan along the Ohio River, which will include a terminal at this location.”
About GreenHunter Resources, Inc.

ODNR Lifts Ban on 1 of 2 Injection Wells After Finding No Connection to Earthquake

From Business Journal Daily:
The Ohio Department of Natural Resources has lifted its suspension on one of the two American Water Management Services injection wells in Weathersfield Township, the agency announced Thursday. 
In a prepared statement, ODNR spokeswoman Bethany McCorkle said that after analyzing data in the wake of a 2.1 magnitude earthquake that occurred in late August, the agency determined that the shallower well – AWMS #1 -- was not related to any seismic activity. 
"ODNR concluded that with reasonable scientific certainty, injection operations at the shallower of the two wells was not related to the 2.1 seismic event that occurred in August," McCorkle said. "The company may resume injection operations at the AWMS #1 well immediately."
You can read more here.

The other well that was shut down by the ODNR following the earthquake remains offline at this point.

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Videos: Ohio Lawyers Explain How Dormant Minerals Act Connects to Utica Shale Development

The Dormant Minerals Right Act has been popping up as a sticking point for many Ohio landowners as Utica shale leasing and drilling has advanced.  Lawyers from Bricker & Eckler have posted a couple of excellent videos that shed more light on the DMA and what affect it has on Utica shale activity.




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17 New Permits Issued Last Week for Utica Shale Drilling

The Ohio Department of Natural Resources has released the latest weekly update on permitting activity in the Utica shale.  Things remained busy last week.

17 new permits were issued.  Monroe County was the main spot, with 9 of the 17 permits being issued for wells there.  Rounding things out were Belmont County (4), Noble County (2), Carroll County (1), and Guernsey County (1).

With this latest activity, there have now been 1,532 permits issued for horizontal drilling in Ohio's Utica shale.  The report reveals that there have now been 1,092 wells drilled, while 577 are producing.  The Utica rig count is 43.

View the report in its entirety by clicking right here.

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Article: Problem With Fracking is Fossil Fuels, Not the Process

From Scientific American:
Flaming tap water comes from bad wells, and not the drinking-water kind. Folks who live closest to natural gas wells in Pennsylvania suffer ill health. And the uptick in earthquakes in parts of Colorado and New Mexico is entirely human-induced. All of these problems are associated with fracking, yet none of them have anything to do with either the horizontal drilling or cracking rock with high-pressure water that fall under that rubric. 
Instead, all of these bad outcomes are the simple results of an oil and gas addiction—and the need to get the next fix out of the ground fast—just like subsidence and toxic ash floods result from our addiction to coal. The fossil-fuel addiction is, of course, primarily responsible for climate change as well, but that’s another story. 
As more and more research focuses on fracking, the outcome becomes clearer and clearer. It is bad industry practices—poorly finished wells, leaking compressor stations or overdumping of copious wastewater—that lead to trouble. The solution is to either slow industry down or increase its regulation, especially the staff to oversee such operations.
Read the whole article by clicking here. 

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Sunday, September 28, 2014

Kasich Determined to Increase Severance Tax

From The Columbus Dispatch:
The legislature has steadfastly declined to give Gov. John Kasich what he wants regarding a new severance tax on fracking in Ohio, but the governor says he’s only going to push harder if he wins re-election — and end a “rip-off” of consumers at the same time. 
Lawmakers have given Kasich many of his agenda items over three-plus years, but he and GOP legislative leaders, particularly in the House, have butted heads repeatedly over whether, or how much, Ohio should increase severance taxes on the shale fracking industry spreading across eastern Ohio. 
“I think, in the Senate, they want to do something seriously over there,” Kasich told The Dispatch. “The House, I can’t tell you. Give us time to ratchet it up. I need to focus on it.”
Read the rest of the article by clicking here.

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Activity on Latest Report Pushes Utica Shale Over 1,500 Total Permits

The latest report on permitting activity from the Ohio Department of Natural Resources covers the week of September 14 to September 20.  With 23 new permits, the Utica shale passed another milestone number.

The 23 permits were distributed pretty evenly across several counties.  Belmont, Carroll, Columbiana and Monroe counties each were the location of 4 permits.  3 permits were issued in both Guernsey and Harrison counties.  Noble County finishes the report with 1 new permit.

The cumulative total for permits issued now stands at 1,520.  1,081 wells have been drilled, 573 are producing, and the Utica rig count stands at 44.

Check out the report by clicking here.

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Rex Energy Provides Third Quarter Update

From a Rex Energy press release:
Appalachian Basin - Warrior North Prospect 
In the Warrior North Prospect, the company recently placed into sales the six-well Grunder pad. The six wells were drilled with an average lateral length of approximately 4,800 feet and completed with an average of 24 completion stages. In addition, the company tested approximately 600 and 500 foot spacing between the laterals on the six wells. Initial results from the downspacing tests are encouraging and the company will continue to monitor production results going forward. Using an 18/64" choke size, the six-well Grunder pad produced at an average 5-day sales rate per well of approximately 1.2 Mboe/d, comprised of 2.1 MMcf/d of natural gas, 454 bbls/d of condensate and 433 bbls/d of NGLs (assuming full ethane recovery). 
In addition, the company recently placed into sales the three-well Jenkins pad. The three wells were drilled with an average lateral length of approximately 5,350 feet and completed with an average of 33 completion stages. Also utilizing an 18/64" choke size, the three-well Jenkins pad produced at an average 5-day sales rate per well of approximately 1.6 Mboe/d, comprised of 2.7 MMcf/d of natural gas, 609 bbls/d of condensate and 563 bbls/d of NGLs (assuming full ethane recovery). 
"We are pleased with the most recent results from our Warrior North Prospect," said Tom Stabley, Chief Executive Officer of Rex Energy. "With more than 70% of the production from these wells coming from condensate and natural gas liquids, we believe these wells further demonstrate the value of our Ohio Utica assets. In addition, we believe that the restricted choke sizes we are utilizing will lead to better well performance over the life of the assets."
Read the whole release by clicking here. 

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New Study Says Good Well Construction is Key to Avoiding Groundwater Contamination

From USA Today:
Faulty wells, not deep underground fracking, is the main reason that natural gas extraction from shale rock has contaminated drinking water in parts of Texas and Pennsylvania, says a study Monday by researchers from five universities. 
As natural gas production increases in the United States, so, too, have reports of well water contaminated with methane. Now a study, the first to make comprehensive use of "stray gas forensics," not only found pollution in multiple wells but also identifies the culprit. 
"Our data clearly show that the contamination in these clusters stems from well-integrity problems such as poor casing and cementing," says co-author Thomas Darrah, assistant professor of earth science at Ohio State. While a scientist at Duke University, he led the research team, which includes experts from Duke, Stanford, Dartmouth and the University of Rochester.
That whole article is available by clicking here.

Here is the press release from Ohio State University regarding the study:
COLUMBUS, Ohio—A study has pinpointed the likely source of most natural gas contamination in drinking-water wells associated with hydraulic fracturing, and it’s not the source many people may have feared. 
What’s more, the problem may be fixable: improved construction standards for cement well linings and casings at hydraulic fracturing sites. 
A team led by a researcher at The Ohio State University and composed of researchers at Duke, Stanford, Dartmouth, and the University of Rochester devised a new method of geochemical forensics to trace how methane migrates under the earth. The study identified eight clusters of contaminated drinking-water wells in Pennsylvania and Texas. 
Most important among their findings, published this week in the Proceedings of the National Academy of Sciences, is that neither horizontal drilling nor hydraulic fracturing of shale deposits seems to have caused any of the natural gas contamination. 
Thomas Darrah
“There is no question that in many instances elevated levels of natural gas are naturally occurring, but in a subset of cases, there is also clear evidence that there were human causes for the contamination,” said study leader Thomas Darrah, assistant professor of earth sciences at Ohio State. “However our data suggests that where contamination occurs, it was caused by poor casing and cementing in the wells,” Darrah said. 
In hydraulic fracturing, water is pumped underground to break up shale at a depth far below the water table, he explained. The long vertical pipes that carry the resulting gas upward are encircled in cement to keep the natural gas from leaking out along the well. The study suggests that natural gas that has leaked into aquifers is the result of failures in the cement used in the well. 
“Many of the leaks probably occur when natural gas travels up the outside of the borehole, potentially even thousands of feet, and is released directly into drinking-water aquifers” said Robert Poreda, professor of geochemistry at the University of Rochester. 
“These results appear to rule out the migration of methane up into drinking water aquifers from depth because of horizontal drilling or hydraulic fracturing, as some people feared,” said Avner Vengosh, professor of geochemistry and water quality at Duke. 
“This is relatively good news because it means that most of the issues we have identified can potentially be avoided by future improvements in well integrity,” Darrah said. 
“In some cases homeowner’s water has been harmed by drilling,” said Robert B. Jackson, professor of environmental and earth sciences at Stanford and Duke. "In Texas, we even saw two homes go from clean to contaminated after our sampling began." 
The method that the researchers used to track the source of methane contamination relies on the basic physics of the noble gases (which happen to leak out along with the methane). Noble gases such as helium and neon are so called because they don’t react much with other chemicals, although they mix with natural gas and can be transported with it. 
That means that when they are released underground, they can flow long distances without getting waylaid by microbial activity or chemical reactions along the way. The only important variable is theatomic mass, which determines how the ratios of noble gases change as they tag along with migrating natural gas. These properties allow the researchers to determine the source of fugitive methane and the mechanism by which it was transported into drinking water aquifers. 
The researchers were able to distinguish between the signatures of naturally occurring methane and stray gas contamination from shale gas drill sites overlying the Marcellus shale in Pennsylvania and theBarnett shale in Texas. 
The researchers sampled water from the sites in 2012 and 2013. Sampling sites included wells where contamination had been debated previously; wells known to have naturally high level of methane and salts, which tend to co-occur in areas overlying shale gas deposits; and wells located both within and beyond a one-kilometer distance from drill sites. 
As hydraulic fracturing starts to develop around the globe, including countries South Africa, Argentina, China, Poland, Scotland, and Ireland, Darrah and his colleagues are continuing their work in the United States and internationally. And, since the method that the researchers employed relies on the basic physics of the noble gases, it can be employed anywhere. Their hope is that their findings can help highlight the necessity to improve well integrity. 
This research was funded by the National Science Foundation, Duke University, and a gift from Duke alumni Fred and Alice Stanback to the Nicholas School of the Environment. 
And here is the actual report:




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New Posts Are Coming Today

I apologize for the lack of new posts.  I was away on a family vacation, and while I had hoped to have time to update the blog while we were away, it just didn't materialize.  Some updates will be posted today to get caught up from the past week, and then things will get back to normal with frequent updates this week.

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Thursday, September 18, 2014

Activists Urge Army Corps to Reconsider Anti-Drilling Form Letters Protesting Frack Waste Facility

From the Athens County Fracking Action Network:
Over four thousand citizens from the Ohio River basin filed protests of Texas-based GreenHunter’s frackwaste barge dock facility permit application to the U.S. Army Corps of Engineers last month. Because more than 3000 letters were sent through an alert by Food and Water Watch (FWW), the Corps is acknowledging fewer than 1000. Athens County Fracking Action Network (ACFAN) encourages writers who used the FWW tool to e-mail Teresa Spagna of the Corps directly atteresa.d.spagna@usace.army.mil to request that their earlier comments be counted. Sending from your own e-mail account seems to be what the Corps requires to count your letter. Please send a short e-mail to Ms. Spagna requesting your earlier comment be counted. Ms. Spagna has told us that comments will be accepted until a decision is made. She has also stated that the Corps has no deadline for a decision. 
Citizens and public officials are concerned because the facility would permit offloading and aboveground storage of over one hundred million gallons of frackwaste shipped from the Gulf Coast as well as down the Ohio River. The 981 miles of the Ohio River provide drinking water to over 3 million people. Ten percent of the country lives in the Ohio River Basin. Why would the Corps even consider approving this project when the chemical makeup of radioactive frack waste is a guarded secret? Look at ongoing impacts of poisoned water on the cities of Charleston and Toledo and of C8, which after years is still poisoning the very region where this dock is proposed.

ACFAN and a coalition of concerned residents of West Virginia, Illinois, and Ohio have been working to alert the public and encourage letters of protest, joined by Athens County Commissioners and Athens City Council. The calls resulted in an extension of the original July comment period to Aug. 24.
Read the rest of this post here.

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Wednesday, September 17, 2014

Chesapeake Energy Corporation Names Brad Sylvester Vice President - Investor Relations and Communications


OKLAHOMA CITY--(BUSINESS WIRE)--Aug. 21, 2014-- Chesapeake Energy Corporation (NYSE:CHK) today announced that Brad Sylvester will join Chesapeake as Vice President – Investor Relations and Communications. Sylvester joins Chesapeake from Southwestern Energy Company. He will report to Chesapeake’s Chief Financial Officer, Nick Dell’Osso.
Doug Lawler, Chesapeake’s Chief Executive Officer, commented, “Brad is a highly talented and proven investor relations professional with more than 20 years of solid experience in the exploration and production industry. His leadership skills and extensive experience uniquely qualify him to lead our Investor Relations and Communications teams. I look forward to working very closely with Brad as we continue to drive value for our shareholders.”
Dell’Osso added, “Brad has consistently been recognized as one of the industry’s top investor relations officers by both buy-side and sell-side analysts and investors. He will maintain and build those relationships as he highlights the differential investment opportunity available with Chesapeake.”
Sylvester served in various roles at Southwestern Energy Company from 1996 to 2014, most recently as Vice President – Investor Relations. Prior to that, Sylvester worked as a portfolio manager at Greenwood & Associates, Inc. Sylvester holds a CFA designation and received his Master of Business Administration from Texas Christian University and his Bachelor of Science in Business Administration from John Brown University.
Chesapeake Energy Corporation (NYSE:CHK) is the second-largest producer of natural gas and the 11th largest producer of oil and natural gas liquids in the U.S. Headquartered in Oklahoma City, the company's operations are focused on discovering and developing its large and geographically diverse resource base of unconventional natural gas and oil assets onshore in the U.S. The company also owns substantial marketing and compression businesses. Further information is available at www.chk.com where Chesapeake routinely posts announcements, updates, events, investor information, presentations and news releases.

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Latest ODNR Report: Utica Shale Now Up to 1,499 Wells Permitted


The latest weekly Utica shale permitting update from the Ohio Department of Natural Resources is now available.  The southern portion of the play remains the hot spot.

11 new permits were issued last week.  Leading the way: Monroe and Washington counties, each with 4 permits.  Belmont County (2) and Carroll County (1) rounded out the activity.

The 11 permits last week bring the new cumulative total to 1,499.  1,076 wells have now been drilled, 565 are producing, and the Utica rig count is 41.

View the report here.

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Monday, September 15, 2014

Links for 9/15/14: Anti-Fracking Billboard in Ohio is Coming Down, The Media's Anti-Drilling Bias, and More

Bloomberg View:  College Students Can't Defeat Big Oil

Energy in Depth:  How the Media Rushes to Promote Fracking Critics

Akron Beacon Journal:  Anti-Fracking Ohio Billboard is Coming Down

The Motley Fool:  The Utica Shale is Starting to Look "Extraordinary"

Ideastream:  For Some, Shale Gas Boom's a Headache

Gas & Oil:  M3 Midstream Momentum "Trilogy" to Be Open by Mid-October

Penn State University:  Residual Hydraulic Fracturing Water Not a Risk to Groundwater

ScienceDirect:  The Fate of Residual Treatment Water in Gas Shale

Platts:  Utica Shale Q2 Gas Production Up Fivefold From Year Ago

Energy in Depth:  As Natural Gas Provides Environmental Benefits, Bill McKibben Scrambles to Defend Activists’ Stance

Gas & Oil:  Gas, Oil Industry Gives Home Sellers a Boost


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Kent Official Not a Fan of Proposed Fracking Ban

Jim Silver (left)
From Energy in Depth:
Youngstown anti-fracking activists managed to get their “Community Bill of Rights” – which has been overwhelmingly defeated three times already – on the ballot again this November, but they haven’t managed to impress too many people in the community. 
In fact, City of Kent Law Director Jim Silver (who claims to be a “self-described environmentalist”) said last week that the document is “terribly written,” contradictory and overly-broad. As the Record-Courier reported, Silver put it this way: 
“Besides precluding gas/oil harvesting process, the amendment would make it illegal to discharge anything into the air or water, no matter the circumstance, Silver said. If approved, Kent would become a ‘ghost town,’ Silver said, because it would be illegal to drive a car, cut grass with a gas mower or operate a gas heater because of the related emissions.” (emphasis added)
Read the whole article here.

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Shale Driving Economic Turnaround in Ohio Cities

From Planetizen:
Youngstown had been one of those Rust Belt, "shrinking" cities long noted in Planetizen, but thanks in part to fracking and its location on the Utica shale formation, manufacturing has returned and unemployment has dropped by half since 2010.

"The turnaround is part of a transformation spreading across the heartland of the nation, driven by a surge in domestic oil and gas production that is changing the economic calculus for old industries and downtrodden cities alike," writes Nelson D. Schwartz, economics reporter for The New York Times.

Here in Ohio, in an arc stretching south from Youngstown past Canton and into the rural parts of the state where much of the natural gas is being drawn from shale deep underground, entire sectors like manufacturing, hotels, real estate and even law are being reshaped. 
One example provided is Paris-based Vallourec, a manufacturer of products for energy extraction. While it's not the Youngstown of old, it is a turnaround nonetheless.
Click here to read more.

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API Survey Reveals Extent of Economic Growth Behind American Oil and Natural Gas

From API:
API unveiled a new vendor survey today that demonstrates the diverse array of suppliers, service providers, and other small and midsized businesses supporting the U.S. energy renaissance.

“Oil and natural gas companies are only one part of a much larger economic success story that is creating job growth up and down the supply chain,” said API Upstream Group Director Erik Milito. “From the folks who make work gloves to environmental consultants, these businesses represent just a small cross-section of the opportunities created by America’s energy revolution.”

API’s 2014 vendor survey lists nearly 30,000 operators, contractors, service companies, suppliers, and other vendors that support oil and natural gas operations in every state and the District of Columbia. It includes individual state profiles, which detail job gains and salary information for industry-related work, as well as information on survey participants organized by congressional district.

“Thanks to innovations in horizontal drilling and hydraulic fracturing, America’s potential as an energy superpower is growing, and businesses of all types are growing with it,” said Milito. “Even outside of major oil and natural gas producing areas, the industry is creating jobs that pay about double the average salary for all industries. Overall, as of 2011, the oil and natural gas industry directly or indirectly supported 9.8 million U.S. jobs, and many more are expected over the next decade.”

API is the only national trade association representing all facets of the oil and natural gas industry, which supports 9.8 million U.S. jobs and 8 percent of the U.S. economy. API’s more than 600 members include large integrated companies, as well as exploration and production, refining, marketing, pipeline, and marine businesses, and service and supply firms. They provide most of the nation’s energy and are backed by a growing grassroots movement of more than 20 million Americans.
MDN has the Ohio portion of the report separated out.  Here it is:



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