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Utica Shale News

XTO strikes deals in Utica Shale and Permian Basin

deal

Fort Worth-based XTO Energy struck a deal in Ohio’s Utica Shale with an affiliate of American Energy Partners, the new venture orgaanized by former Chesapeake Energy CEO Aubrey McClendon. Exxon Mobil, XTO’s corporate parent, also said Monday that it will boost its activity in West Texas’ Permian Basin in a separate deal with Midland-based Endeavor Energy Resources L.P. American Energy-Utica ...

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Driller wants to use rock waste for roads

dark flat surface

Range Resources wants to start using gas well drilling “cuttings” — the waste rock material brought to the surface at well drilling sites — as a paving material to build Marcellus and Utica shale gas drilling pads and access roads. The Range application for a state general permit is the first by a Marcellus Shale gas drilling company under a ...

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Former Pittsburgh Mayor Ravenstahl’s next step is consulting firm

consultant

Former Pittsburgh Mayor Luke Ravenstahl plans on using the connections he made during seven years in office to build his new business, Ravco Consulting, into a success. “The broad range of dealings in that office has really created an opportunity for me to use that in my firm,” he said. Ravenstahl, 33, of Fineview established Ravco Consulting, LLC, on Jan. ...

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Eco-group unveils booklet contending problems tied to shale-gas drilling in Ohio, other states

fear

KENT — Local anti-fracking activists Dr. Ted Voneida and George Sosebee on Thursday helped Environment Ohio unveil a new booklet on shale-drilling horror stories. The booklet on contamination, medical problems and declining property values around drilling sites was presented to the media at a chilly news conference on the banks of the Cuyahoga River in Kent’s Franklin Mills River Edge ...

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Big Oil expects more cuts in renewables

oil vs biofuel

WASHINGTON — The oil industry is increasingly optimistic that it will prevail in a high-stakes battle for a piece of the United States’ declining gasoline market. The Obama administration already yielded to oil companies once, with the Environmental Protection Agency’s November proposal to slash the amount of renewable fuels that refiners must use this year, putting the prospective quota 3 ...

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Need for pipelines cited at Marcellus-Utica Midstream Conference & Exhibition

meeting

Marcellus shale drillers need more pipelines to get their bountiful supply of gas to market, but improving the delivery infrastructure could cause them growing pains. The challenge of growing the delivery network without pressuring prices with more supply is something on the minds of industry officials who are attending a conference in Pittsburgh this week. “All these supplies that we’re ...

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Need for pipelines cited at Marcellus-Utica Midstream Conference and Exhibition

pipeline

Marcellus shale drillers need more pipelines to get their bountiful supply of gas to market, but improving the delivery infrastructure could cause them growing pains. The challenge of growing the delivery network without pressuring prices with more supply is something on the minds of industry officials who are attending a conference in Pittsburgh this week. “All these supplies that we’re ...

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Oil company Hess to sell Utica shale land in Ohio

New York-based Hess Corp. on Wednesday announced it is selling 74,000 acres of leased Utica shale land in eastern Ohio with dry natural gas but no liquids. Hess has agreed to sell the leases to an undisclosed third party for $924 million, the company said. Hess concluded that the Utica wells, although productive for natural gas, would not produce enough ...

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Marcellus shale responsible for $1.14B in deals

shake

A slate of big-dollar deals returned to the Marcellus shale late last year, with more than $1 billion spent on mergers and acquisitions in three months for the first time since the spring of 2012. Companies are looking to capitalize on the steady improvement in the region’s natural gas production and growth in customers. Drillers are benefiting from bountiful wells ...

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Antero Resources reports on three giant natural gas wells in Ohio’s Noble County

natural gas

Colorado-based Antero Resources has unveiled three of the biggest natural gas wells in Ohio — all in Noble County. The Milligan 2H well in Seneca Township is producing 40.2 million cubic feet per day of natural gas equivalents in initial production, the company announced. In addition, the company’s Coal 3H well showed 35.3 million cubic feet of natural gas equivalents ...

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