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U.S. shale boom: It’s a game changer

Marcellus shale

According to research from a Harvard University economist, fracking-led oil and gas operations are a game changer for the U.S. The report, which was conducted by Harvard Business and Boston Consulting Group, states: “Our analysis shows that developing unconventional resources today is unlikely to delay the rollout of renewables. Instead, it can actually enable their scale-up.”  Other than helping the ...

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New Ascent Resources sells 35,000 acres in eastern Ohio to Gulfport Energy for $407 million

sale price tag

Aubrey McClendon’s American Energy Appalachian Holdings LLC has a new name and has sold off 35,000 acres of Utica Shale holdings in eastern Ohio for $407 million. The company, now known as Ascent Resources LLC, will be a standalone company that will be independent of American Energy Partners LP founded in 2013 by McClendon, the former CEO of Chesapeake Energy. ...

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Editorial: One drilling mistake could prove devastating

Since 2010, the U.S. Environmental Protection Agency has gathered data on one of the most controversial aspects of the oil and natural gas boom in Ohio and other states. The issue, impressed on many people by the documentary Gasland and incidents such as the contamination of aquifers in 2007 in Bainbridge Township, Geauga County, is how the technique of hydraulic ...

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Senate GOP seeks to deepen cuts to state income tax


COLUMBUS – Senate Republicans on Monday proposed cutting income taxes further for individuals and small businesses while asking smokers to pay 40 cents more a pack to help pay for it. The $71.3 billion, two-year plan, tentatively set for a June 17 vote, does not include higher and expanded sales taxes or higher commercial activity taxes on large businesses as ...

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Ohio severance tax is moving at a snail’s pace

According to Ohio’s Governor John Kasich, not much progress has been made regarding the new oil and gas severance tax. Although Gov. Kasich is optimistic about the tax being passed, legislators are moving at a snail’s pace when it comes to passing the tax.  The Governor participated in an interview with radio host Hugh Hewitt and explained there has been ...

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Ohio Senate GOP reveals plan for state budget

COLUMBUS – Senate Republicans today unveiled their take on Ohio’s next budget, further cutting income taxes with a special emphasis on small businesses and raising the cigarette tax by 40 cents a pack to help pay for it. The plan, which could reach a full Senate vote on June 17, does not include a tax hike on horizontal well drilling, ...

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Utica and Marcellus well activity in Ohio


Activity in the Utica and Marcellus Shale formations in Ohio have seen some changes compared to last the well activity update, and hopeful news has come to the state’s steel industry. Arctic drilling has been a hot topic over the last few weeks, and while it has caused some debate between the oil and gas industry and environmentalists, it has ...

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Second pipeline may be in the works


Sunoco Logistics Partners announced that it is considering to building a second pipeline to increase the flow of liquefied natural gas. If Sunoco were to build another pipeline, it would be a part of its already existing Mariner East II project.  The Delaware County Daily Times reports that Sunoco is receiving rights to construct two 350-mile long pipelines that would ...

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And now… Ohio operators top producing wells

natural gas flame

Natural gas production in Ohio for the first three months of the year started off strong despite the cut backs in rigs, and operators in Ohio have definitely proved that the cuts won’t be affecting their production levels. The following is a list of each company drilling in Ohio that recorded natural gas production during the first-quarter of year.  The ...

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