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Chesapeake Utilities Completes $59M Purchase of OH Midstream Co.
In February MDN told you about Chesapeake Utilities, a diversified energy company with businesses in natural gas distribution, transmission and marketing, electricity distribution, propane distribution and wholesale marketing (nothing to do with Chesapeake Energy) purchasing a small midstream company in Ohio–Gatherco, Inc (see Chesapeake Utilities Buys OH Midstream Co, Targets Shale Industry). Part of the motivation is to target the Utica Shale industry in Ohio by building gathering pipelines. Last week Chesapeake Utilities announced the deal is now done and Gatherco has been renamed and merged with Chesapeake subsidiary Aspire Energy of Ohio…
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The Ohio Dept. of Natural Resources last week ordered the operator of five injection wells–all located in one area in Vienna Township (Trumbull County), OH–to close them all down. That somewhat radical action came following a finding that some of the frack wastewater meant to go down into the wells for injection had instead ended up in a nearby pond and wetland, contaminating both. The operator of the five injection wells is Kleese Development Associates of Warren, OH…
Some astonishing new numbers from the U.S. Energy Information Administration. For the third year in a row, when you add both natural gas and oil together, the United States has been the #1 producer of hydrocarbons in the world. But this is even more astonishing and something MDN’s friends disbelieve when we tell them: for the third year in a row the U.S. has produced more natural gas than another other country in the world (namely Russia, who is #2). And get this: for two years running the U.S. has produced more oil than any other country in the world, including Saudi Arabia. When was the last time you heard that on the evening news? Yeah, NEVER. Fracking is nothing short of a miracle that has radically changed the energy outlook of this country–and it’s a miracle that should be celebrated every chance we get. Here’s the numbers and story from the EIA with news that once again, USA is #1!!!…
In early February, MDN told you that EV Energy Partners, a company with a huge amount of leased acreage in the Ohio Utica Shale region, was looking to sell its 21% interest in Utica East Ohio (UEO)–a midstream/pipeline company operating in Ohio (see 
Last week our favorite government agency, the U.S. Energy Information Administration, published an update to their U.S. Crude Oil and Natural Gas Proved Reserves research. The update/report, titled “Top 100 U.S. Oil and Gas Fields” (full copy below) shows the 100 largest U.S. oil and gas fields by their estimated 2013 proved reserves. That’s the top 100 oil fields, and a second list for the top 100 gas fields–based on 2013 estimates for reserves. It probably won’t surprise you to learn the #1 gas field in the U.S. is the Marcellus. It may (or may not) surprise you to learn the #1 oil field in the U.S. in 2013 was the Eagle Ford (again, based on reserves). It likely will surprise you, as it did us, to not find the Utica/Point Pleasant anywhere in either list! But then we remembered that the Utica was just getting under way in 2013. Still, not even in the top 100? Seems a bit off to us…