Archive for February 23rd, 2012

Chesapeake Lowers Production 1 BCF/D & Dry Gas Drilling 70%

Chesapeake Energy released fourth quarter 2011, and full year 2011 numbers on Tuesday. About one month ago Chesapeake announced they were curtailing 0.5 billion cubic feet (bcf) of gas production per day because of low commodity gas prices. At the time they threatened to up that number to 1.0 bcf. According to Tuesday’s announcement, they […]

Hess to Lease OH City Landfill for Drilling – $5,400/Acre

Steubenville, Ohio is about to close a lease deal on a former city landfill. Hess has agreed to pay $5,400 per acre for a signing bonus on the 110 acre site, and 19 percent royalties.

Steubenville Selling 700K Gallons of Water/Day to Chesapeake

The city of Steubenville in Jefferson County, Ohio has struck a deal to sell Chesapeake Energy treated wastewater, untreated river water and potable water—700,000 gallons of it a day for five years.

Rex Energy 2011 Review, Looks Ahead to 2012

Rex Energy, a prolific driller in the Marcellus Shale, reported its 2011 financial and operational results along with 2012 capital budget projects on Tuesday. In what has become a near unanimous refrain from drilling companies, Rex also says less drilling in the dry gas areas and more drilling in the natural gas liquids areas. From […]

Marcellus & Utica Shale Story Links: Thu, Feb 23, 2012

The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading:


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