Halcón Resources Corporation, increasingly an important driller in the Utica Shale, released their second quarter update yesterday. Halcón CEO Floyd Wilson also held a conference call for analysts. On that call, Wilson boasted about Halcón’s Utica Shale program–in particular the Kibler 1H well in Trumbull County which has been producing 2,233 barrels of oil equivalent per day–75% of it liquids. Halcón, which concentrates its drilling in “oily” plays like the Bakken and Utica, is currently operating 2 drilling rigs in Ohio/Pennsylvania. They’ve drilled nine Utica wells and are now evaluating the results. Halcón has 142,000 acres leased in the Utica Shale (primarily in Ohio).
Remarks about Halcón’s Utica program from the conference call, and the Utica portion of yesterday’s 2Q13 report: Continue reading
In July 2012 MDN told you about a one-year study of air quality in and around Chartiers Township in Washington County, PA being conducted by the PA Dept. of Environmental Protection (see PA DEP Announces 1 Year Study on Air Quality in Marcellus). The aim of the study is to determine whether or not Marcellus drilling, pipelines and the MarkWest natural gas processing plant in the Chartiers area causes an unhealthy increase in various air pollutants for residents.
What has the research found? The DEP says testing so far shows “no levels of any pollutant that would violate federal ambient air quality standards.” However, they’ve decided to extend the study until the end of this year. The one-year study has turned into a one-and-a-half year study. The DEP now expects to file a final report in “Spring 2014″… Continue reading
More than 1 1/2 years ago MDN told you about a planned new 70-mile pipeline and compressor station to connect Utica and Marcellus wells in eastern Ohio to Spectra Energy’s Texas Eastern pipeline system (see Chesapeake Investing in New 70-Mile Ohio Pipeline). Called the Ohio Pipeline Energy Network (OPEN), the project is a $500 million joint venture between Chesapeake Energy, American Electric Power and Spectra Energy. Not since December 2011 have we heard any news about the project–until now.
Even though there’s been no media coverage, Spectra has been hard at work planning and holding public meetings for feedback on eight different proposed pipeline routes. The Federal Energy Regulatory Commission (FERC) has given Spectra until Sept. 20 to tell them which alternative is their preferred route. FERC will then make a decision and (presumably) issue a permit that will allow Spectra to begin construction. An update on the OPEN project… Continue reading
We noted our sadness in March when then-PA Sec. of the Dept. of Environmental Protection, Michael Krancer, announced he was resigning (see Developing… PA DEP Sec. Krancer Resigns). Krancer was tough but fair–someone with a sharp wit (and sometimes a sharp tongue). He knew how to dish it back to anti-drillers–and they hated it. At the time of Krancer’s resignation, Gov. Tom Corbett named his deputy chief of staff, E. Christopher Abruzzo, as Acting Secretary for the DEP. Abruzzo’s appointment was panned by Democrat John Hanger, who wants to run against Corbett in the next election, calling the appointment “bizarre and irresponsible” (see Former PA DEP Sec. Hanger Blasts Interim Replacement for Krancer).
We haven’t read much in the media about Abruzzo since his appointment six months ago, however, yesterday Abruzzo addressed the Washington County, PA Chamber of Commerce’s annual energy symposium. Contrary to what political opponents would have you believe, he sounded and acted quite responsible and un-bizzare… Continue reading
The Washington County, PA fourth annual energy symposium, sponsored by the Chamber of Commerce, was held yesterday in Southpointe, PA. The event was emceed by state Sen. Tim Solobay (a Democrat, surprisingly). The recurring theme from drillers and others who spoke: When it comes to the Marcellus Shale, we’re just getting started. It’s still early innings… Continue reading
Chesapeake Energy’s new CEO, Doug Lawler, like Chessy’s founder and first CEO Aubrey McClendon, positively gushes when it comes to the Utica Shale. On a conference call with analysts yesterday, Lawler said, “The Utica is outstanding,” and he sees the Utica as “…a very strong asset going forward.”
More details on Chessy’s Utica Shale drilling program in Ohio from Lawler: Continue reading
Canadian-based Talisman Energy is a major Marcellus Shale driller in Pennsylvania. They’re also a company in financial trouble–in the midst of attempting to turn the company around in the direction of profitability. A story out of Canada about Talisman’s latest turnaround efforts talks about the company putting certain assets on the auction block, including their considerable assets in Norway. Tucked in the article is this very brief mention that some of Talisman’s Marcellus assets may also go on the auction block: Continue reading
Southwestern Energy has a sizable drilling operation in the Pennsylvania Marcellus Shale. In their second quarter 2013 update, posted yesterday, Southwestern reports they have 129 Marcellus wells now in production and another 99 being drilled. As of June 30, Southwestern’s Marcellus wells were producing an average 503 million cubic feet of natural gas per day–just over the half billion per day mark.
Who knew that there’s a shale layer under much of New Jersey–called the Newark Basin–that may one day yield natural gas worth fracking? Delicious irony, because anti-drilling sentiment in the state runs strong and deep. But don’t hold your breath that fracking will arrive any time soon in NJ–there hasn’t been active oil and gas drilling in the state for decades–at least since 1985 when a law was passed directing the state Dept. of Environmental Protection to draw up regulations for drilling. They never did draft drilling regs because no one was interested in drilling in the state.