Friday Links - Chesapeake Lease Sale Ends Today, ODNR Rules Criticized, Crosstex Energy Anticipating Utica Shale Growth, and More

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Chesapeake land sale ends Friday






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Pennant Midstream, LLC, Announces Construction of New Natural Gas Liquids Pipeline

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NEW MIDDLETOWN, Ohio ,  Sept. 30, 2013  /PRNewswire/ -- Pennant Midstream, LLC, today announced the construction of a 12-inch, 38-mile natural gas liquids (NGL) pipeline, an approximately  $60 million  investment. The line will connect the Hickory Bend Cryogenic Processing Plant in  New Middletown, Ohio , to the UEO Kensington facility near  Kensington ,  Columbiana County  and will have the capacity to initially deliver approximately 90,000 barrels a day. NiSource Midstream Services, LLC, operates Pennant Midstream, which is jointly owned by Harvest Pipeline (an affiliate of Hilcorp Energy Company) and NiSource Midstream Services. "The construction of new infrastructure is critical to unlocking the potential of the Utica Shale play in  Ohio ," said  Jimmy D. Staton , Columbia Pipeline Group and NiSource Midstream Services CEO. "This partnership will not only provide a key link in that infrastructure, it will provide economi...
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Do You Know The History of Fracking?

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  In 2018, 59% of total oil production in the U.S came from hydraulic fracking, which means it accounted for more than two-thirds of domestically manufactured gas. By 2024, fracking will reach an astounding $68 billion market value! Of course, fracking is not a new drilling method as you can trace it back hundreds of years. That's why we want to consider the history of hydraulic fracturing (fracking). We will be stating historical facts about it and focusing on the major historical occurrences that have influenced modern-day fracking. Pre-Fracking Days The idea of fracking started back in 1862 when Edward A.L. Roberts (Civil War veteran) witnessed Confederate soldiers exploding artillery rounds into a canal that obstructed a battlefield. At the time, Edward A.L. Roberts called it superincumbent fluid tamping. On April 26th, 1865, Edward A.L. Roberts began experimenting with exploding torpedoes, which consisted of lowering a torpedo containing an amount of powder from fifteen to tw...
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Pennsylvania Operator To Acquire Three Natural Gas Producers

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  Last week, American Energy Partners Inc. stated its plans to acquire three oil and natural gas producers. The deal is valued at almost $11 million and includes companies in western Pennsylvania and West Virginia. American Energy Partners said it would obtain all of the stock and units of the three undisclosed companies. CEO Brad Domitrovitsch says: “ This transaction furthers our commitment to acquiring steady cash-flowing businesses while enhancing our ability to develop alternative green energy opportunities with the vast amount of acreage included in the package.”  The sale involves 467 wells currently yielding 1.25 Bcfe/d and midstream assets spread over 695 acres (includes 100% owned surface and mineral rights). Additionally, there are no drilling commitments or obligations for the properties. American Energy controls several subsidiaries, including:  Oilfield Basics LLC Hickman Geological Consulting LLC American Energy Solutions LLC Hydration Company of PA Gilbert...
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