Last week, Chesapeake Energy announced (via it’s quarterly earnings statement) a major revelation—that it has struck oil as well as natural gas liquids and natural gas, in the Utica Shale of eastern Ohio. Columbiana County, OH is in the hot zone and stands to reap millions in revenue.
In the run-up to the announcement, Chesapeake has been busy signing deals with landowners in Columbiana County, including leases with local municipalities and school districts:
Ohio’s Gov. John Kasich is jazzed about Chesapeake Energy’s announcement of striking oil in the Utica Shale in eastern Ohio. But he also has issued a warning to Chesapeake and other drillers about the makeup of the work crews who will be populating well pads:
New York State Democratic Party Chairman Jay Jacobs wants to see hydraulic fracturing for natural gas in the Marcellus Shale in New York State begin. From today’s New York Post:
Last week the Commonwealth Foundation released a policy briefing paper titled “The Great Frack Attack: The War On Natural Gas” (full copy of the paper embedded below). The policy paper names names and outlines the big money behind groups critical of drilling in the Marcellus Shale.
From the introduction: