Carroll County 13 - Marcellus Drilling News

Chesapeake’s Troubles Mean a Slowdown for Ohio

May 17, 2012May 17, 2012

Carroll County, Ohio is starting to feel the negative effects of Chesapeake Energy’s troubles, as noted in a story yesterday in the Cleveland Plain Dealer. Because of recent revelations of debt financing, private hedge funds and other practices by Chesapeake CEO Aubrey McClendon, and a resulting fall in Chesapeake’s stock price and credit rating, drilling industry activity in Carroll County has slowed down—a lot.

Chesapeake Talks About Pipelines for OH Processing Complex

March 22, 2012March 22, 2012

Last week, Chesapeake Energy announced it was partnering with M3 Midstream and EV Energy Partners to build a new $900 million gas processing complex in Ohio’s Harrison and Columbiana counties by the middle of next year (see this MDN story). At an industry conference this week, Chesapeake and its partners spoke about the pipelines they will run to the plants and between the plants:

Drilling Heats Up with New Permits in Ohio’s Utica Shale

March 2, 2012March 2, 2012

Although new drilling activity is lessening in the Marcellus, it’s red hot in the Utica Shale. The Ohio Department of Natural Resources (ODNR) just issued another permit to Chesapeake to drill a horizontal well in Columbiana County, Chesapeake’s 18th permit in Columbiana. In Mahoning County, ODNR granted a permit for a new well in Goshen Township, making it seven wells for that township so far. Chesapeake holds 49 permits in Carroll County with 10 wells waiting to be fracked.

Carroll County | Hydraulic Fracturing | Industrywide Issues | Ohio | Utica Shale

Carroll County – The Center of Ohio’s Utica Shale Boom

February 20, 2012February 20, 2012

Carroll County, OH is at the center of Ohio’s Utica Shale drilling boom. There have been 127 drilling permits issued in Ohio to tap both oil and gas in the Utica and Marcellus Shales. One-third of those permits are for sites in Carroll County.

Chesapeake Investing in New 70-Mile Ohio Pipeline

December 23, 2011December 23, 2011

Chesapeake Energy, American Electric Power and Spectra Energy are joining forces to build 70 miles of new pipeline in Ohio that will connect Utica and Marcellus gas wells in eastern Ohio to Spectra’s Texas Eastern pipeline system, which runs from Texas to New York. The new joint project is called the Ohio Pipeline Energy Network (OPEN). The estimated cost for the project is $500 million according to Spectra Energy.

Carroll County | Lease & Royalty Payments | Ohio | Utica Shale

Companies Offer to Buy Royalty Rights from Ohio Landowners

October 24, 2011October 24, 2011

Carroll County, Ohio is in the midst of a shale gas whirlwind. Signing bonus offers are being made to landowners in the $3,000-$5,000 range. But that’s not all. For landowners who previously signed, several years ago, some companies are offering to purchase royalty rights from landowners, even for wells that are not drilled and may never be drilled. Here’s the story from one such landowner:

Ohio Utica Shale Permits Double in Last 3 Months

October 13, 2011October 13, 2011

Interest in Ohio’s Utica Shale gas is booming as evidenced by the ramp up in the number of drilling permits issued. More than half of all permits issued have come in the last three months.

Chesapeake Energy Slated to Start Drilling in the Utica Shale in Columbiana County, OH this Fall

August 1, 2011August 1, 2011

Last week, Chesapeake Energy announced (via it’s quarterly earnings statement) a major revelation—that it has struck oil as well as natural gas liquids and natural gas, in the Utica Shale of eastern Ohio. Columbiana County, OH is in the hot zone and stands to reap millions in revenue.

In the run-up to the announcement, Chesapeake has been busy signing deals with landowners in Columbiana County, including leases with local municipalities and school districts:

Carroll County | Columbiana County | Lease & Royalty Payments | Ohio

Carroll County, OH Landowners Offered $3200 Per Acre for Shale Gas Leases

May 25, 2011May 25, 2011

A Rotary meeting in East Liverpool, Ohio discussed shale gas drilling in Columbiana and Carroll Counties for both the Marcellus and Utica shales. Among the things learned at the meeting: