Anadarko provided an update on its Utica Shale drilling program yesterday, saying that although it’s still very early, the “strong initial results are encouraging.” To date Anadarko has drilled and is producing from three wells in the Utica Shale. Anadarko has 390,000 leased acres in the Utica, most of it in eastern Ohio. In addition [...]
An update on the two New York lawsuits recently decided in lower courts that upheld local municipal bans on hydraulic fracturing and gas drilling:
Yesterday Anadarko Petroleum announced its 2012 capital plan. Anadarko’s activities in the Marcellus get a brief mention. Anadarko’s lease holdings in the Marcellus are primarily in north-central Pennsylvania, the non-wet gas area. Therefore, they are scaling back drilling in the Marcellus for 2012. From the Anadarko press release:
NOTE: The facts and figures below were cited from a Pittsburgh Tribune-Review article. MDN has been contacted by several of the drilling companies in the list to let us know the numbers in some cases are not at all accurate. MDN is attempting to verify now (Feb 28) and will correct these numbers as soon [...]
An article on the SNL Financial website about the “massive shift” from drilling in dry gas (methane only) shale gas areas to the natural gas liquids (NGLs) areas begins this way:
Coshocton County in eastern Ohio requested Utica Shale lease offers for 436 acres of county-owned land no longer being used for any other purpose. There was only one offer put on the table, by Anadarko. Under the five-year lease offer, the county would receive a $1.3 million signing bonus ($3,000 per acre) and 17.5 percent [...]
At the the Dec. 15 meeting of the Susquehanna River Basin Commission (SRBC) held in Wilkes-Barre, PA, commissioners voted to reject a request from Anadarko Petroleum to withdraw up to 715,000 gallons of water per day from a well near Council Run in Snow Shoe Township (Centre County), PA. The rejection is rare because the [...]
Interest in Ohio’s Utica Shale gas is booming as evidenced by the ramp up in the number of drilling permits issued. More than half of all permits issued have come in the last three months.
ProPublica recently compiled a list of the top 10 natural gas drillers in the U.S. based on daily natural gas production volume. The list includes gas drilled by both “traditional” vertical drilling as well as “non-traditional” horizontal hydraulic fracturing. Or think of it as non-shale gas and shale gas—companies who drill for both are in [...]
Joint ventures are a common way for oil and gas companies to share risk, expertise and resources. Here is a list of recent deals in the Marcellus shale:
The Centre County (PA) Natural Gas Task Force says that drilling for Marcellus gas in the county has slowed down this year, with only about a quarter of the number of new wells being drilled this year vs. last year. Why? According to the task force, the reasons for the slowdown are low gas prices [...]
A group of investment managers who belong to an organization called The Investor Environmental Health Network have banded together (some might call it collusion) to put pressure on energy companies who engage in natural gas drilling by using hydraulic fracturing. Their aim? To stop fracking of course, but that’s not what they say in their [...]
Is Pennsylvania Gov. Ed Rendell pro- or anti-drilling? Darned if I can tell. In some ways he has encouraged and allowed drilling to flourish in PA under his watch, something PA landowners should be thankful for. But it seems he has to keep some in his own party appeased, so he often talks down drilling. [...]
An update on Anadarko’s Marcellus drilling activities from a recent operations report released to investors: Anadarko entered into a joint venture with Mitsui E&P USA LLC. Under the terms of the agreement, Mitsui will participate with Anadarko as a 32.5% partner in Anadarko’s Marcellus Shale assets in exchange for providing a $1.4 billion capital carry [...]
There was a mud spillage at a drilling site on Friday, April 2nd in Pennsylvania. The site is located on state-owned land—the Sproul State Forest in north-central Pennsylvania. The drilling was being done by Anadarko. According to reports: An estimated 8,000 to 12,000 gallons of mud used by Anadarko E&P Company Inc. for drilling operations [...]
Philly.com – Philadelphia Inquirer (Feb 17) Japanese firm to invest $1.4 billion in Marcellus operation The Philadelphia Inquirer has posted a story about the huge investment from Mitsui in Anadarko. As Marcellus Drilling News reported yesterday, Mitsui has purchased a 32.5% stake in Anadarko for $1.4 billion. What was not in the original news release [...]
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