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Tag Archives: Marcellus shale formation

Market Realist: Marcellus Shale production stays steady

The Energy Information Association (EIA) estimates that the Marcellus Shale’s natural gas production totaled 18.1 Bcf (billion cubic feet) per day in October, says Market Realist. That’s only marginally lower than September but up 9 percent from October 2015. Month-over-month, natural gas production growth in the Marcellus Shale has been relative steady in the past year. While the rig count ...

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Ohio’s Harrison County is No. 1 for Utica oil; Belmont County is tops for natural gas, new report says

Harrison County is Ohio’s top oil-producing county from the Utica Shale in the third quarter of 2015, according to new production data from the Ohio Department of Natural Resources. Ohio really has four counties producing oil: Harrison, Carroll, Guernsey and Noble. Production falls off dramatically after those four counties. Locally, Stark County produced 1,785 42-gallon barrels of oil and Portage ...

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EQT promotes Schlotterbeck to president

EQT Corp. this week promoted the leader of its natural gas exploration and production business to company president in what the Downtown producer called a realignment of executive duties. Steven Schlotterbeck, an executive vice president since 2013 and president of exploration and production (E&P) since 2010, assumes the corporate president role from David L. Porges, who remains chairman and CEO, ...

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Hand recount confirms defeat of anti-fracking charter amendment

YOUNGSTOWN — A hand recount of an anti-fracking charter amendment, the so-called Bill of Rights, confirmed that the issue was indeed defeated in the Nov. 3 general election. During a special meeting Tuesday, the Mahoning County Board of Elections certified a new vote total — 6,151 against and 5,852 for the amendment. The official result on election night was 6,143 ...

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Conventional oil and gas producers band together to survive

pumpjack

Stan Berdell says his company, BLX Inc., is like a barrel of water. “It’s got a leak in it and it’s dripping every day. If we don’t do something, it’s going to be empty one day.” Conventional oil and gas producers are experts at pessimistic metaphors. They’ve been edged off their perch by large companies tapping the Marcellus and Utica ...

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What is going on in the Marcellus?

Marcellus shale

While Pennsylvania Governor Tom Wolf is trying with all hit might to hang on to his proposed budget plan and the state’s economic future in natural gas, it is hard to ignore rumors about natural gas selling for only 60 cents per thousand cubic feet (MCF). According to Penn State Marcellus Center for Outreach and Researcher Director Tom Murphy, there ...

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Magnum Hunter could bring in some serious cash

magnum

If Magnum Hunter Resources Corp. can close two deals, the company would be bringing in some major cash. The company has the potential to close two major deals by the end of August, and one of the deals would bring in over $500 million.  Magnum Hunter is looking to sell its interests in its Eureka Hunter Midstream pipeline system, which ...

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Utica and Marcellus activity in Ohio

odnr

Activity in the Utica and Marcellus Shale formations in Ohio have seen some changes compared to the last the well activity update, and according to a new report, the Utica Shale formation might just be larger than the Marcellus Shale formation. The Appalachian Oil and Natural Gas Research Consortium, a program of the National Research Center for Coal and Energy ...

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Utica bigger than Marcellus

ohio shale

CANONSBURG, Pa. – It’s been known for some time that the Marcellus shale is just the beginning of the natural gas horizontal fracking boom for this part of the country. More than 200 industry members got a look at the next big thing Tuesday: The Utica shale. A variety of experts presented highlights of the Utica Shale Play Book Study, ...

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Study estimates Utica shale holds gigantic amount of recoverable gas

utica

The amount of natural gas trapped in the Utica shale might rival what drillers hope to extract from its more famous neighbor the Marcellus, a group of geologists said Tuesday. “It’s comparable to the highest number I’ve seen for the Marcellus,” said Doug Patchen, head of the Appalachian Oil and Natural Gas Research Consortium at West Virginia University and lead ...

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