Many people eagerly await Ohio’s annual production numbers, which will (hopefully) be out sometime later this week. Drillers had to file their production numbers no later than yesterday, Mar. 31. MDN has brought you some of the recent “idle” speculation that inevitably happens while waiting. The speculation lately has been along the lines of, “Is [...]
Corporate raider Paul Singer is pushing Hess Corp. to get out of shale drilling. Singer’s company, Elliott Management Corp., is one of Hess’ largest investors owning 4% of company stock. On Jan. 25, Elliott Management gave notice it’s buying another $800 million of company stock and would make a play to replace some board members [...]
So far, more than $1.2 billion (that we know of) has been budgeted by Ohio’s Utica Shale drillers for 2013. A whopping $7 billion has been allocated for pipelines and processing plants over the next several years. Here’s a quick rundown on the plans for a few of the Utica’s major drillers and what they [...]
The permits to allow Utica Shale drilling in eastern Ohio continue to roll out from the Ohio Dept. of Natural Resources (ODNR). Here are the details on the 17 new permits issued in Ohio last week:
Hess Corporation announced its plans for 2013 yesterday. Among those plans—drill a lot more unconventional (i.e. shale) wells. Some of the drilling they’ve budgeted for 2013 includes “appraisal wells” in the Ohio Utica Shale. From the Hess announcement:
Energy giant Hess Corp. announced yesterday it is buying the natural gas marketing division of Delta Energy. Delta is based in Dublin, Ohio. What Hess is buying are energy contracts—the right to sell natural gas to a certain list of commercial and industrial customers. Hess is a huge company with operations that span upstream (drilling [...]
It’s idle speculation, but hey, we all love to idly speculate, right? An article in yesterday’s Wall Street Journal speculates that Chevron, with a heaping mound of cash—$21 mind-blowing billion to be exact, is in the hunt to buy a smaller company, or two. Among the names speculated about is none other than Chesapeake Energy. [...]
Akron Beacon Journal reporter Bob Downing reports some interesting facts about the Utica Shale from a recent conference. Well worth your time to review. Among the interesting facts, MDN found these most interesting:
Hess will open its Steubenville, Ohio field office next week, a million dollar investment. The grand opening will be a low-key affair with a few area politicians and invited guests. Hess likes to avoid publicity. Hess Operations Manager Joaquin Martinez, speaking at Tuesday’s Partners in Progress meeting in Steubenville about the grand opening, said that [...]
The latest stats for Utica Shale drilling in the three-county region of Muskingum, Guernsey and Noble in Ohio: Guernsey County now has 12 permits, 2 of which are already producing natural gas. Muskingum County has 3 permits. And Noble County has 12 permits, 7 of which are currently being drilled. Statewide, the Ohio Dept. of [...]
An attorney in Belmont County, Ohio—Rebecca Bench—is suing to end a lease deal she and her husband signed in 2008, originally with Mason Dixon Energy for $100 per acre. Mason Dixon later sold the lease to Hess Corp. The $100 per acre Bench and her husband were paid is a fraction of recent transactions, some [...]
CONSOL Energy’s drilling in Ohio’s Utica Shale is now under way and ramping up rapidly, according to CONSOL’s Harry Schurr who spoke Wednesday at a workshop on the campus of Kent State University. They’ve already drilled their first Utica well in Tuscarawas County, and they plan to drill 15 more this year. CONSOL also has [...]
Rebecca Bench, a landowner in Belmont County, Ohio is representing herself in a lawsuit she has brought against Hess. The lawsuit alleges that Mason Dixon Energy, whom she signed a lease with (that lease was eventually purchased by Hess) had no legal standing to conduct business in Ohio at the time they convinced Rebecca and [...]
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.
A second joint venture that CONSOL has announced in recent months has just been completed. Yesterday, CONSOL received an initial $60 million of a total $594 million from Hess to develop 200,000 Utica Shale acres in Ohio. Previously, CONSOL entered another joint venture with Noble Energy for $3.4 billion to develop 663,350 acres in western [...]
Recently released data on drilling violations from the PA Department of Environmental Protection show that problems continue with the cemented steel casings that are designed to protect groundwater from methane and the fluids used to frack wells. The violations do not mean methane or fluids escaped into local groundwater aquifers—but the potential exists when a [...]
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