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Utica Shale News

Shale development slowing due to market prices

Preparing for a slump in natural gas prices, which nosedived in December, a Findlay Township-based shale development company has halted drilling new wells for five months in Butler and Armstrong counties. The company, PennEnergy Resources LLC, has braced itself for reduced profits, which it expected, and it is now waiting for prices to rise from a point that hasn’t been ...

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Companies bid millions to drill under state lands in W.Va.

money roll

CHARLESTON, W.Va. — West Virginia officials have opened millions of dollars in bids to drill for oil and natural gas beneath state-owned lands, including waterways and a wildlife management area. One of the biggest offers the state Department of Commerce opened Friday would let Antero Resources Inc. drill underneath 283 acres of Jug Wildlife Management Area in Tyler County for ...

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Utica well activity


Drilling doesn’t seem to be slowing down in the Utica Shale.  Even with several companies scaling back on spending and rigs, the Utica is still going strong and continuing to provide jobs for Ohio. Over the past years, the unemployment rate in nine Ohio Counties and the entire state has decreased, all thanks to gas operations in the Utica.  The ...

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Energy companies vie for experienced workers with skills in high demand

A worker walks past at an underground gas storage facility in Incukalns

Specialized, experienced engineers are becoming a tough get in Western Pennsylvania as the gas drilling industry outpaces the growth of an experienced talent pool. Stock awards, sign-on bonuses, unlimited vacation and travel stipends are increasingly becoming necessary for companies looking to attract top candidates, recruiters say. “Sometimes, we get so lost in it, they have so much they’re trying to ...

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Refinery at least 2 years away

oil refinery

ASHTABULA TOWNSHIP – It will likely be two years before construction could begin on a $200 million refinery project in Ashtabula, even if the Ohio Environmental Protection Agency approves its permit request. The company’s application to discharge treated wastewater into Lake Erie as part of a natural gas-to-liquids conversion plant on Lake Road was the focus of an information session ...

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New pipeline is in the works

pipeline construction

A new pipeline will transport light oil condensate from Guernsey and Noble counties to the surrounding area, which will serve major customers in the Utica Shale. Ohio River Valley Pipeline, an affiliate of EnLink Midstream companies, is heading the project which will include the compression and stabilization facilities.  The pipeline is expected to be completed in Guernsey and Noble counties ...

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Ohio shale brings down state unemployment rates

ohio shale

Over the past several years, unemployment rates in Ohio counties with shale production have been on the decline. Counties in the Utica production region have shown a 66 percent decline in total unemployment since 2010, the counties are Carroll, Columbiana, Harrison, Belmont, Guernsey, Noble, Jefferson, Mahoning and Trumbull.  The most active county, Carroll, has decreased from 16.1 in 2010 to ...

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Utica well activity

The mast of a large oil and gas drill rig in the rolling October hills of Ohio, drilling for the Utica shale unit deep below the surface that will provide energy for years to come. Getty Images via Newscred

Even though the first week of the new year was a little depressing, things seem to be looking up for the Utica.  The shale formation has seen a slight increase across all boards compared to the last well update. The area has also seen an increase in interest among companies.  TPH Partners and the father-son duo Clark and David Nicklas ...

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Father-son company sets out to explore the Appalachian basin

(Photo: Ruhrfisch via Wikimedia Commons)

A father-son team, along with a private equity firm and energy investment bank, have started a new company to search for and produce Appalachian gas. Pittsburgh-based Laurel Mountain Energy LLC, was formed by energy investment banks Tudor Pickering & Holt Co., private equity firm TPH Partners and Clark and David Nicklas. According to TPH Partners, Laurel Mountain will put most ...

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