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Tag Archives: Utica shale

EQT announces future operations and midstream investments

EQT Corp. (NYSE: EQT) projects that it will invest $2.3 billion into production operations and various midstream projects in the coming year, according to its latest operational forecast. Of the total investments, $1.95 billion will be devoted to well development, $90 million for exploration and developmental geological surveys, with the remainder going toward overhead costs, well maintenance and compliance. Up ...

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Noble County’s Seneca Township is Ohio’s top oil-producing spot

Noble County is Ohio’s top oil-producing county in the Utica shale area, and Belmont and Monroe counties are the top two counties for natural-gas production from horizontal wells. The Utica shale area is still developing, but the latest production data from the Ohio Department of Natural Resources supports the growing economic impacts of shale drilling on Ohio and beyond as ...

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Rice Midstream prices IPO at $600 million

Rice Midstream Partners, the pipeline spin-out from Canonsburg-based Rice Energy Inc., has priced its IPO at $604 million, or $21 per share. The midstream company is focused on Rice’s shale assets in southwestern Pennsylvania, in Washington and Greene counties. It will collect the gas flowing from its parent firm’s dry gas wells in those areas and offer compression services. Currently, ...

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Ohio Department of Natural Resources released 3Q shale production report

YOUNGSTOWN — Oil and natural-gas production from Ohio’s Utica Shale wells increased significantly in the third quarter of this year. Horizontal shale wells produced more than 3 million barrels of oil and 132 billion metric cubic feet of natural gas in the third quarter of 2014, according to the Ohio Department of Natural Resources’ report issued Friday. Oil production increased ...

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Top 5 stories of the week

Here are the top five stories from Marcellus.com for the week of December 1-5. 1. Feds approve Constitution Pipeline The Federal Energy Regulatory Commission voted Tuesday to approve the $683 million Constitution Pipeline — a 124-mile subterranean natural gas transmission system that would stretch from northeastern Pennsylvania through hundreds of parcels in Broome, Chenango, Delaware and Schoharie counties. Also unanimously approved ...

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Utica Shale sees major production increase in third quarter

The Ohio Department of Natural Resources (ODNR) reports that during the third quarter of 2014, Utica Shale well production rates increased by 49 percent when compared to production in the second quarter, according to EnergyInDepth Ohio. The report states that in the third quarter natural gas production increased by over 43 billion cubic feet while oil production jumped up by ...

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Ohio’s Utica shale likely to be productive for up to 50 years, energy analyst says

CLEVELAND — Ohio’s Utica shale will produce natural gas and liquids for decades, a Texas-based energy analyst predicted Wednesday. Irene Haas of Wunderlich Securities in Houston said the shale under eastern Ohio probably will produce vast quantities for the next 50 years. “Ohio is going to be very, very busy for a very long time,” she said. “It’s very prolific.” ...

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Atlantic Coast Pipeline to provide property tax boon

Dominion Resources has announced that 26 counties in three states could start collecting property taxes from the proposed Atlantic Coast Pipeline in 2016, according to a report by the Triangle Business Journal. If approved, construction of the 550-mile pipeline is anticipated to begin in 2016. The system will run from West Virginia and through Virginia to southeastern North Carolina. Within ...

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Contract to drill under Ohio River being finalized

West Virginia officials are in the process of finalizing plans to allow exploration of the Marcellus and Utica Shale formations beneath the Ohio River, according to a report by The Intelligencer. Gastar Exploration is in the process of negotiating the contractual details for its plans to extract natural gas from 232 acres of state-owned minerals from underneath the Ohio River ...

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American Energy Partners receives $500 million for securing mineral interests

Although falling oil prices are prompting some companies to divest assets, co-founder and former CEO of Chesapeake Energy Corporation Aubrey McClendon, is continuing to invest in mineral interests. On Monday, McClendon’s American Energy Mineral Holdings LLC announced that it has raised about $500 million from equity commitments to obtain mineral rights and royalties in a few different U.S. shale formations, ...

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