Beaver County | Chesapeake Energy | Columbiana County | Energy Companies | Geopetro | Ohio | Pennsylvania
Chesapeake Energy Sells 37K Acres & 32 Wells in OH Utica
A small Worthington (Franklin County), OH driller, Geopetro, has just purchased 37,000 acres, 27 working shale wells and 5 not-yet-hooked-up wells from Chesapeake Energy for an undisclosed amount of money. The wells are located in Columbiana County, OH and Beaver County, PA. All but one of the wells are Utica wells. One of the wells is drilled to the Upper Devonian layer (above the Marcellus). The purchase is a big deal for the small Geopetro. It converts what until now has been mostly a conventional (shallow, vertical only) drilling company into primarily an unconventional/shale company. Welcome to the shale industry!…
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Turns out anti-fossil fuel protesters, behaving like the petulant children they are, couldn’t stop the adults in the room last night in Philadelphia. You may recall we told you yesterday that wackos from a fringe-left group called 350 Philadelphia threatened to “swarm” a meeting of SEPTA (Southeastern Pennsylvania Transportation Authority) where a vote was scheduled on a plan to build a Marcellus gas-powered electric plant that would provide electricity to SEPTA’s northern Regional Rail lines (see 
Earlier this week we ran the news that Canadian pipeline giant TransCanada’s plan to radically lower the cost to pipe natural gas from the western regions of Canada to the eastern part of the country, in an effort to undercut Marcellus/Utica gas from flooding into the region, failed (see 
Earlier this week MDN brought you the news that the New Jersey Division of the Rate Counsel (NJDRC)–a state government agency responsible for representing the interests of residents, businesses and other rate payers in dealing with regulated public utilities and insurance firms–responded to PennEast Pipeline’s release of a study obliterating the NJDRC’s claims that the pipeline isn’t needed (see 
Last week MDN brought you an article from the Seeking Alpha investors website, written by an analyst/investor pointing out the financial troubles at the world’s fourth largest oilfield services company, Weatherford (see 
It seems old Mom Earth has a major case of flatulence (i.e. farting). Researchers who have been mapping the ocean floor have discovered “an active strip of seafloor called the Cascadia Subduction Zone is bubbling methane like mad” off the coast of Washington, Oregon and California. [Quick, somebody call Cornell prof Bob Howarth! There’s fugitive methane escaping!!] Big Green advocates get their knickers in a twist over fugitive methane because, ‘ya know, it causes global warming. But this time mankind is nowhere to be found as the cause. This massive methane leak off the West Coast is Mom Earth, all by herself, farting away and killing herself without even knowing it. How tragic. And how funny!…
Each year MDN partners with the Oil & Gas Awards to promote their Northeast Awards–a way for companies in the industry that operate with distinction to get recognized by their peers. In March 2017 the Northeast Oil & Gas Awards will celebrate their 5th year. Over the past five years there have been thousands of entries and hundreds of finalists and winners. While the O&G Awards boys keep their ears to the ground to discover stellar performers, they want to know who YOU think are the best companies in the region. We are now 4 weeks out until the submission deadline for the 2017 Northeast Oil & Gas Awards (Dec. 14). Here’s how you can nominate your, or someone else’s, company for this year’s awards…
A quick reminder that MDN editor Jim Willis is hosting a webinar today at 2 pm Eastern. Jim’s special speaker is Alex Epstein, delivering a talk on his book: “The Moral Case for Fossil Fuels.” Jim guarantees you will find what Alex has to say challenging and enlightening. He will help you understand why fossil fuels are BETTER than renewables. Controversial? You bet. What else would you expect from MDN?! Jim has lifted the limit of 100 for the number of attendees. We already have 197 people signed up.
The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading. In today’s lineup: Rockefellers admit paying Columbia J-School to target Exxon; OH production up, but value of production down; US exporting shale gas…to Middle East!; US Silica takes advantage of downturn to buy more assets; green light for UK shale drilling; and more!