Bankrupt Waterless Fracking Firm Seeks Buyers as Company Executives Jump Ship

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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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EID Ohio: Permitting in the State Isn't a "Rubber Stamp" Process

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The Columbus Dispatch published an article last week that said: Ohio oil and gas drilling regulations are some of the most industry-friendly around, with short waits for permits and almost no ability for local governments to put up roadblocks, say company officials. The comments, made yesterday at an industry conference in Lewis Center, show some of the contrast between Ohio’s rules and those in other states or on federal land. “Ohio is probably the most regulatory-friendly state I’ve operated in,” said Randy Albert, chief operating officer for gas operations at Consol Energy of Canonsburg, Pa. He said it takes 14 days to obtain an Ohio drilling permit, as opposed to more than 300 days on federal land. Matt Hammond, senior director of Ohio government affairs for Chesapeake Energy, had a similar sentiment. “Ohio is actually a pretty friendly state to operate in as far as permitting,” he said. You can read the whole article here .  Not surprisingly, industry media firm E...
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