Archive for February 29th, 2012

New Study Predicts 65K Jobs in Ohio by 2014 from Utica Shale

The Ohio Shale Coalition released a new economic study yesterday prepared researchers from Cleveland State University, Ohio State University and Marietta College. The study projects annual production of oil and gas from the Utica Shale in the state will reach $9.6 billion by 2014 along with an eye-popping 65,000+ jobs. And those jobs will have […]

Baker Hughes to Build $64M Facility in Ohio; Create 700 Jobs

Baker Hughes is planning to build a $64 million facility in Massillon (Stark County), Ohio. The announcement comes just a month after Baker Hughes announced they are building a new $40 million facility in Harrison County, West Virginia (see this MDN story). The company plans to employ 700 people at the Massillon facility when it’s […]

NYT: Environmental Defense Fund is OK with Fracking

An interesting editorial in the New York Times authored by Joe Nocera, a business writer for the NYT, begins this way:

Ohio Landowners Sue to Break Utica Lease Contract

A group of landowners in Columbiana County, Ohio have filed a lawsuit seeking to dissolve lease agreements they say were improperly transferred from Anschutz Exploration to Chesapeake.

Cabot Oil & Gas to Donate $2M to Build New Hospital in NE PA

Cabot Oil & Gas is donating an initial $1 million to help build a new hospital in Montrose (Susquehanna County), PA. Not only will they donate $1 million now, but Cabot is trying to enlist other companies to donate and so will match any other donations and give up to an additional $1 million to […]

Antero Sells WV Midstream Operation to Crestwood for $375M

Antero Resources announced yesterday that they have sold their Marcellus Shale midstream gathering system in Harrison and Doddridge counties, WV to Crestwood Holdings for $375 million with a sweetener of an extra $40 million if certain production targets are met in 2012 and 2013. From the Crestwood/Antero press release:

Southwestern Energy Increases Marcellus Budget for 2012

Southwestern Energy just released their fourth quarter and year-end financial and operating results, along with a revised 2012 capital budget. In the Marcellus Shale, Southwestern spent $332 million to drill 45 wells in 2011. They have budgeted an increase in their Marcellus budget for 2012 to $526 million with plans to drill 80-85 wells. From […]

Marcellus & Utica Shale Story Links: Wed, Feb 29, 2012

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

 

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