Belmont County, OH has Top 10 Most Productive Utica Wells in 4Q15
Last week MDN reported on Ohio’s Utica Shale production numbers for 2015–which more than doubled (see Ohio Utica Shale Production Doubles in 2015! Top 5 Counties & Drillers). We gave you a bit of analysis on the top counties and drillers. Today we bring you more analysis of those numbers. Specifically, during the last quarter of 2015, the top 10 most productive Utica wells in Ohio were found in one county: Belmont. Eight of the top 10 wells in 4Q15 were drilled by a single driller: Rice Energy. Here’s more juicy details about Ohio’s Utica production in 4Q15 and for all of 2015…
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Another piece of the puzzle slides into place with respect to the $5.7 billion ethane cracker project in Belmont County, OH planned by Thailand-based PTT Chemical and financial partner Marubeni Corp. from Japan (see
In 2012, Barnesville (Belmont County), OH signed a contract with Gulfport Energy to sell Gulfport water from the Slope Creek Reservoir for 1 penny per gallon. Earlier this year Gulfport wanted to begin drilling in the area, following a joint venture agreement with Antero Resources. But Barnesville said the water level in the reservoir is too low and wouldn’t sell any to Gulfport, so Gulfport sued and in March the whole matter ended up in federal court (see
An expert speaking at the Utica Summit III yesterday in Stark, OH said he believes the Marcellus/Utica region will see three, possibly four, ethane crackers built. Tom Gellrich of consulting firm TopLine Analytics, a company that “closely follows ethane markets,” said he thinks the first ethane cracker to get built will be the Shell cracker plant in Beaver County, PA…
Yesterday Rice Energy announced that the company’s subsidiary, Rice Midstream, has signed a joint venture agreement with competitor Gulfport Energy to develop a pipeline gathering and water delivery system for Gulfport’s Utica Shale drilling program in Ohio’s eastern Belmont County and Monroe County. Rice will be 75% owner and in charge of the jv. Rice and Gulfport plan to invest a combined $640 million into the jv over the next six years. Construction begins immediately and the first gas (and water) will begin to flow through the new system by middle of next year. Here’s the details…
One of the arguments sometimes trotted out by anti-drillers is that heavy trucks lumbering up and down rural roads will destroy them. And indeed, sometimes it does–when the road is old or not constructed to handle heavy truck traffic. Typically drillers will repair the roads to better-than-new condition–we’ve seen it in some PA counties. But here’s something you don’t often hear: Gulfport Energy is about to spend $8 million on road repairs to roads BEFORE they use them, not after. The repairs will be done over the next six weeks in Belmont County, OH, and it delights Belmont County Commission members. Somebody else footing the bill for rebuilt roads will put a smile on any county commissioner’s face…
Hey anti-drillers who like to lie about the benefits of fracking: Tell us again how there’s no positive economic impact from the shale industry. It’s all just smoke and mirrors and the only ones who make money are Big Oil & Gas. Tell us how the jobs are “temporary” and the money from the industry illusory. Then we’ll tell you about the Wheeling Metropolitan Statistical Area, comprised of Belmont County, OH along with Marshall and Ohio counties in WV. The Wheeling MSA’s gross domestic product grew by 9.5% from 2013 to 2014, according to data provided by the U.S. Department of Commerce. That’s the fifth fastest growing MSA in the country–out of 381 MSAs. Oh, and the reason it’s growing so fast? Yep–the Marcellus and Utica Shale boom happening in the region…
MPR Transloading & Energy, part of MPR Supply Chain Solutions, operates a 20-acre transloading site on the shores of the Ohio River in Belmont County, OH, just across the river from Wheeling, WV. MPR is working hard to finish a new, large sand hopper at the site so trucks hauling frac sand can pull under it to quickly load and head off to drill sites in the region. There’s just one small problem: There are only 35 rigs operating in eastern Ohio and West Virginia today, half of the number that were operating just a year ago when the sand hopper was planned. That is, there’s less demand for sand…