Who’s the Biggest Fracker in the World?
If you’ve been around the shale gas drilling debate for long, you know that most of the opposition to drilling focuses on a little-understood, decades-old technology called hydraulic fracturing, or “fracking” for short. If you’re a science fiction fan, you may also recognize the word fracking from the Battlestar Galactica television series. The word is used as a curse word substitute for another “f” word to avoid being censored.
Fracking’s closeness in spelling, and sound, to the other “f” word has not gone unnoticed by those who oppose drilling. They’ve used the word fracking in all sorts of double entendres with signs like like “Don’t Frack Me” and hundreds of other variations. Just attend a protest meeting and you’ll see what we mean.
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A rather generic story put out by Reuters yesterday refers to Exxon Mobil’s interest in acquiring acreage in the Utica Shale in Ohio as a new source of oil drilling. Details are sparse about Exxon’s plans, but it points out the white-hot interest there is in Ohio’s Utica Shale since Chesapeake announced in July they have struck oil, as well as natural gas and gas liquids, in Eastern Ohio (
Early today, Norse Energy, a Norwegian company with gas drilling operations in New York State, issued an interesting press release about laying off half of their employees (see the full release below). Norse holds some 180,000 net acres of natural gas leases in New York, of which 130,000 are in the Marcellus and Utica Shale zones.
Chevron is the latest large energy company to purchase leases in the Ohio Valley for shale gas drilling. Recently, Hess paid $1.34 billion to acquire acreage in eastern Ohio, and Exxon Mobil subsidiary XTO Energy is now signing up landowners in Belmont County, OH for Utica Shale drilling (
A number of landowners from Belmont County, Ohio made the trip to Wheeling, WV last week to sign leases to allow drilling in the Utica Shale on their property. The leases were signed with XTO Energy, now a subsidiary of Exxon Mobil. The price landowners got for Utica leases rivals the highest prices MDN has heard of for any Marcellus Shale lease, in no small part because of Chesapeake Energy’s recent discovery of natural gas liquids and even oil in the Utica Shale in Ohio.