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Tag Archives: Utica shale

Fracking waste puts public at risk, study says

chemicals

Weakness in state regulations governing hazardous oil-and-gas waste have allowed the leftovers to be disposed of with little regard to the dangers they pose to human health and the environment, according to a recent study by the environmental organization Earthworks. The report says states disregard the risks because of a decades-old federal regulation that allows oil-and-gas waste to be handled ...

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Drillers’ new techniques, experience gut well costs, boost yields

Ray Walker often invokes a favorite saying when asked how shale gas companies can increase production by 20 percent or more while cutting spending on drilling by more than 40 percent. “The rock rules,” said Walker, executive vice president and chief operating officer at Range Resources Corp., repeating a phrase he used during the Fort Worth-based company’s most recent earnings ...

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Number of drilling rigs in Ohio continues to drop

The number of drilling rigs in Ohio’s Utica Shale region continues to drop. There are 27 rigs drilling in Ohio, as of March 14, the Ohio Department of Natural Resources said. That’s down from 37 rigs Feb. 28 and from 49 rigs Jan. 3, according to state records. The drop in the rig count comes as commodity prices for oil ...

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Shale-themed custody battle paralyzes two companies

The unusual custody battle between North Shore Energy Services and Texas-based Jordan Manufacturing Consulting revolves around two 17-ton boxes that each party has accused the other of kidnapping at various points during their rocky relationship. That conflict culminated with North Shore’s bankruptcy earlier this month, after Jordan asked a federal court to assign possession of the so-called Brine Boxes to ...

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Sinking oil prices also hitting the market for natural gas liquids

liquid natural gas

Plummeting oil prices have not just been hitting oil drillers. They’re also hitting the market for natural gas liquids. The market for ethane, which makes up the largest portion of natural gas liquids production, is oversupplied. In addition, ethane, a feedstock used by the petrochemical industry, is facing stiffer competition from naphtha, a petroleum byproduct, which is cheaper due to ...

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Consol Energy posts $74M profit in fourth quarter

Consol Energy Inc. plans to trim capital spending on natural gas development but avoid the more drastic cuts other shale companies are announcing as it continues to ramp up production. The Cecil-based gas and coal company on Friday said it will spend about $1 billion on development in the Marcellus and Utica shales, a drop of 23 percent from the ...

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Hess cuts Bakken operated rigs, budget

Hess Corporation recently announced that the New York-based company is reducing its 2015 capital and exploratory budget and will cut the number of rigs operating in the Bakken formation by nearly half. The company plans to spend $4.7 billion this year, down 16 percent from the $5.6 billion spent last year. Of the total expenditures, $2.1 billion will be devoted ...

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Utica well activity

ohio

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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Initial Nexus pipeline paperwork submitted to Federal Energy Regulatory Commission

Initial paperwork for a new $2 billion Utica Shale natural gas pipeline that would run through Summit, Stark, Medina and Wayne counties has been filed with a federal agency. The request for the Nexus Pipeline was filed on Dec. 30 with the Federal Energy Regulatory Commission that must approve the new interstate pipeline. The request was filed by Houston-based Nexus ...

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