Chesapeake Energy Corporation Reports Financial and Operational Results for the 2013 Full Year and Fourth Quarter

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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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Equinor Finalizes Sale of Bakken Shale Assets

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  Equinor, a Norwegian-owned petroleum company, has finally completed the sale of their onshore assets in the Bakken Shale. Their decision to sell their assets comes after a decade of multibillion-dollar losses and criticism for their bad investment choices. Equinor has sold all its operated and non-operated acreage (along with their midstream assets) in the Bakken region in North Dakota and Montana to Grayson Mill Energy for a total of $900 million.  They will continue to operate their assets for the coming four months, after which they'll hand over all of the operations to Grayson Mill Energy. Despite this significant change of ownership, Grayson Mill Energy has stated that nearly all field staff and many of those in the maintenance teams currently on the Bakken assets will remain after the transition.  What do we know about the Equinor Bakken Shale assets?  Equinor Bakken Shale Asset The Bakken region has dramatically evolved during the last decade's shale boom an...
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