Anti-Drillers to Throw a Big Party this Weekend in Youngstown, OH
Calling all fossil-fuel haters–get your “frack” on–it’s time to paaarrrrrttttaaay! Anti-frackers will assemble in Youngstown, OH this weekend for a party in support of a truly stupid ballot measure that will be voted on (for a second time) this November. If passed, the new law would not only ban fracking in Youngstown–but also ban businesses involved with the shale oil and gas industry from operating in Youngstown. Such a measure would be a catastrophe for the economy of the just-starting-to-recover Youngstown, but this bunch will be so high they won’t notice…
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HalcĂłn Resources Corporation, increasingly an important driller in the Utica Shale, released their second quarter update yesterday. HalcĂłn CEO Floyd Wilson also held a conference call for analysts. On that call, Wilson boasted about HalcĂłn’s Utica Shale program–in particular the Kibler 1H well in Trumbull County which has been producing 2,233 barrels of oil equivalent per day–75% of it liquids. HalcĂłn, which concentrates its drilling in “oily” plays like the Bakken and Utica, is currently operating 2 drilling rigs in Ohio/Pennsylvania. They’ve drilled nine Utica wells and are now evaluating the results. HalcĂłn has 142,000 acres leased in the Utica Shale (primarily in Ohio).