Monroe County

American Energy Partners | Ascent Resources | Belmont County | Energy Companies | Gulfport Energy | Jefferson County (OH) | Monroe County | Ohio | Utica Shale

Big McClendon News: Sells 35K Utica Acres, Creates New Company
June 10, 2015June 10, 2015

We have major news coming from Aubrey McClendon’s American Energy Partners (AEP). A lot of news. So buckle in. First we’ll tell you the news, then we’ll give you our take on that news–what it means. In brief, the news coming from AEP HQ in Oklahoma City is this: (1) AEP’s Marcellus/Utica AEP subsidiary, American Energy Appalachia Holdings, has been spun out into a 100% standalone company and has changed its name to Ascent Resources; (2) the CEO of Ascent is the same guy who was the CEO of American Energy Appalachia Holdings–trusted McClendon lieutenant Jeffrey A. Fisher; (3) Ascent has cut a deal with Gulfport Energy to sell 35,000 prime Utica Shale acres for $407 million; and (4) Ascent has just sold shares in the company and taken out new loans for $977 million, giving them $700 million in cash after they pay off certain other loans. Whew! Here’s the details, along with a little news of our own about AEP…
Read More “Big McClendon News: Sells 35K Utica Acres, Creates New Company”
American Energy Partners | Ascent Resources | Belmont County | Energy Companies | Gulfport Energy | Jefferson County (OH) | Monroe County | Ohio | Utica Shale

Details on Gulfport’s Purchase of 35K AEP Utica Acres + New Stock
June 10, 2015June 10, 2015

As we report in our lead story today, Aubrey McClendon’s American Energy Partners has decided to spin out it’s Marcellus/Utica operation into a brand new, 100% independent company. That new company, formerly called American Energy Appalachia Holdings, is now called Ascent Resources. Ascent has turned around and immediately sold 35,325 net acres in prime Utica Shale country–Monroe, Belmont and Jefferson counties in Ohio–to one of AEP’s chief competitors in the Utica, Gulfport Energy. In addition, Gulfport has just announced they are floating another 10 million shares of stock. If the new shares sell for anything close to today’s current share price, that will net the company another $440+ million. Below we have the details (from Gulfport) on the deal with AEP to purchase prime Utica acreage complete with four drilled wells and a pipeline gathering system, along with Gulfport’s announcement about the new stock offering…
Read More “Details on Gulfport’s Purchase of 35K AEP Utica Acres + New Stock”
Eclipse Resources | Energy Companies | Monroe County | Ohio | Utica Shale

Eclipse Resources Update: Squeezing More Wells in Smaller Space
June 3, 2015June 2, 2015

Eclipse Resources, a Marcellus/Utica driller headquartered in State College PA, but drilling mainly in the Ohio Utica Shale, issued an operational update yesterday. The company says by the end of the second quarter they expect to be producing around 180 million cubic feet of natural gas per day–the high end of the previous estimated range. The company is spending less money than it expected, which keeps the investors happy. Eclipse recently completed drilling a 3-well pad in Monroe County, OH with the well spacing just 730 feet apart–the first time they’ve tried spacing wells below 1,000 feet apart. All eyes are on the outcome of that experiment. (If successful, it means they can drill more wells in the same amount of space–by their estimates, 20% more wells.) Eclipse had wanted to put those 3 wells into sales in December of this year–which now looks like it will slip into January of next year. Here’s the update with details about their Utica drilling program…
Read More “Eclipse Resources Update: Squeezing More Wells in Smaller Space”
Belmont County | Guernsey County | Monroe County | Noble County | Ohio | Statewide OH

Top 6 Utica Natgas & Top 6 Utica Oil Wells by Production in 1Q15
June 2, 2015June 2, 2015

Yesterday the Ohio Dept. of Natural Resources (ODNR) released their first quarter production numbers for both oil and natural gas (see our companion story today). Below are details for the top 6 natural gas producing wells, and the top 6 oil producing wells in the state. Rice Energy and Antero Resources split the top 6 natural gas wells with three apiece. Of note, Rice’s wells took the top 3 slots. Aubrey McClendon’s American Energy drilled the most top oil wells (4 of the top 6), followed by one apiece for Antero Resources and PDC Energy…
Read More “Top 6 Utica Natgas & Top 6 Utica Oil Wells by Production in 1Q15”
Allegheny County | CONSOL Energy | Energy Companies | Greene County (PA) | Marshall County | Monroe County | Noble County | Ohio | Pennsylvania | Utica Shale | Washington County | West Virginia | Westmoreland County

CONSOL Energy Narrows Future Marcellus/Utica Dev to 5 Counties
April 30, 2015April 30, 2015

CONSOL Energy released its first quarter 2015 update on Tuesday. Like virtually every other Marcellus/Utica driller, CONSOL’s 1Q15 profits dropped quite a bit–in this case 32%. But there was plenty of good news in Tuesday’s update. CONSOL reports Marcellus Shale production was up an impressive 75% year over year for the first quarter. They cut their costs in the Marcellus–from $3.18 per Mcfe in 1Q14 to $2.62 per Mcfe in 1Q15–$0.56 per Mcfe improvement (18%). The company achieved all-in cash costs of only $1.67 per Mcfe in the Marcellus Shale, which “continues to be the growth engine of the company.” Meanwhile, CONSOL continues to ramp up their Utica program. The company is currently drilling Utica wells in four counties: Greene and Westmoreland counties in PA; Monroe County, OH; and Marshall County, WV. CONSOL says the Utica wells they are currently drilling will come online in the second half of this year. However, given the current low price climate and cutbacks, CONSOL streamlined both its Marcellus and Utica operations in 1Q15. They’ve narrowed future Marcellus development to primarily Greene, Washington and Allegheny counties in PA; wet Utica development to Noble County, OH; and dry Utica development to Monroe County, OH…
Read More “CONSOL Energy Narrows Future Marcellus/Utica Dev to 5 Counties”
Appalachian Resins | Energy Services | Ethane | Industrywide Issues | Monroe County | Ohio | Processing Plants

Ohio “Baby Cracker” Plant Still a Go – 2018 Startup Date
April 21, 2015April 21, 2015

Lots of cracker plant talk today on MDN. Last October, MDN told you about potential plans for a “baby” ethane cracker plant–smaller than the typical project–to be built (potentially) in Monroe County, OH (see Ohio to Get “Baby” Ethane Cracker Originally Slated for WV). The company behind that project is Appalachian Resins (AR). Their plan is to build an ethylene/polyethylene production facility rather than a full-blown cracker plant. Although smaller, it would still be a huge (really huge) economic boom for the region. A few weeks ago DownstreamToday learned that AR is still committed to moving forward with their plans to build the baby cracker in Monroe County, even though some of the economics have changed…
Read More “Ohio “Baby Cracker” Plant Still a Go – 2018 Startup Date”
Belmont County | Economic Impact | Energy Services | Energy Transfer Partners | Harrison County | Industrywide Issues | Jefferson County (OH) | Jobs | Monroe County | Ohio | Pipelines

List of Towns in 4 SE OH Counties Getting ET Rover Pipeline
February 26, 2015February 26, 2015

Southeast OH will soon see a lot of new pipelines being laid, and along with it, a lot of new jobs. Energy Transfer Partners recently briefed Monroe County Commissioners on the ET Rover pipeline project, an 800-mile, $4.4 billion pipeline that will connect the Marcellus and Utica Shale region to Canada (see ET Rover Pipeline’s 800-Mile Journey Begins with FERC Filing). If the pipeline is laid as currently planned in the southeastern portion of Ohio, the pipeline will traverse 46.31 miles in Monroe County, 34.99 miles in Belmont County, 20.06 miles in Jefferson County and 17.7 miles in Harrison County. Here’s a list of the lucky townships in those four counties where the pipeline is due to go…
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Belmont County | Energy Companies | Energy Services | Industrywide Issues | Jobs | Monroe County | Ohio | Pipelines | Rice Energy | Rice Midstream

Rice Midstream Building New “Zeus” Pipeline in Belmont/Monroe OH
February 10, 2015February 10, 2015

MDN picked up on a bit of news we had not previously heard about. Rice Midstream, the newly formed subsidiary of Rice Energy launched in December (see Rice Midstream IPO Falls Short of Goal by Approx. $134M), is busy at work. They are building eight miles of 30-inch pipeline through portions of Belmont and Monroe counties (in Ohio) as part of their “Zeus” project. This is the first time we’d heard of Zeus (the pipeline). The project will last four months and employ 350 temporary union workers–welders and construction workers…
Read More “Rice Midstream Building New “Zeus” Pipeline in Belmont/Monroe OH”
Accidents | Energy Companies | Industrywide Issues | Monroe County | Ohio | Triad Hunter

ODNR Still Investigating Triad Hunter Well Blowout in Ohio
January 20, 2015January 20, 2015

On December 13, 2014, Triad Hunter’s Stalder 3UH well in Monroe County, OH experienced a blowout (see Triad Hunter Well Blowout in Monroe County, OH – No One Injured). Some 50 residents in 28 homes were displaced–too dangerous to be close to a well venting methane that might explode if an ignition source is close by. Those residents were out of their homes for 10 days but finally returned on Dec. 23 (see Triad Hunter Well Blowout in Ohio Fixed, Residents Go Home). It’s now been five weeks since the blowout. What do we know about the cause? According to the Ohio Dept. of Natural Resources, the “accident” that caused the plugged well to start flowing uncontrollably is still not known…
Read More “ODNR Still Investigating Triad Hunter Well Blowout in Ohio”
Antero Resources | Energy Companies | Lease & Royalty Payments | Monroe County | Ohio | Utica Shale

Antero Resources 4Q14: Just Paid $20K/Acre for More Utica Leases
January 16, 2015January 16, 2015

Antero Resources, one of the biggest Marcellus/Utica Shale drillers, issued their fourth quarter operations and hedging report on Wednesday. The report includes a lot of 2014 summary information. It’s an important update with a lot of juicy information contained in it. Perhaps the juiciest is buried near the end: Antero closed on a deal to pick up another 12,000 Utica acres, most of it located in Monroe County, OH, from an undisclosed third party. Antero paid an eye-popping $240 million–or $20,000 per acre! The land does have five producing shale wells and an 8-mile pipeline. Figure the wells are worth $8M each (the cost to drill them) and the pipeline is worth $1M per mile, another $8M (this is very rough, back of the envelope stuff). Deducting that from the price you still get $16,000 per acre for the undeveloped land. Yikes. Here’s the other things that caught our eye about the update…
Read More “Antero Resources 4Q14: Just Paid $20K/Acre for More Utica Leases”
Accidents | Blue Ridge Mtn Res/Magnum Hunter | Energy Companies | Industrywide Issues | Monroe County | Ohio | Triad Hunter

Triad Hunter Well Blowout in Ohio Fixed, Residents Go Home
December 24, 2014December 24, 2014

On Monday we noted that it had been 10 days since a well blowout at a Triad Hunter Utica Shale well pad in Monroe County, OH with some 50 area residents still displaced from their homes (see Residents Near Leaking Triad Hunter Well in OH Still Displaced). Good news: residents near the well pad will be home for Christmas. Magnum Hunter (parent of Triad Hunter) reports as of yesterday Wild Well Control has successfully replaced the well head and temporarily capped the well. Residents are now home, just in time for the holidays. We sense a new Hallmark Christmas movie coming…
Read More “Triad Hunter Well Blowout in Ohio Fixed, Residents Go Home”
Accidents | Blue Ridge Mtn Res/Magnum Hunter | Energy Companies | Industrywide Issues | Monroe County | Ohio | Triad Hunter

Residents Near Leaking Triad Hunter Well in OH Still Displaced
December 22, 2014December 22, 2014

It’s now 10 days since Triad Hunter, a division of Magnum Hunter, lost control of a Utica Shale gas well in Monroe County, OH (see Triad Hunter Well Blowout in Monroe County, OH – No One Injured). The problem is, for the 28 homes (50 or so people) who live nearby, they are still displaced–evacuated from their homes. They’ve been allowed back for a few hours at a time, periodically. But the wellhead needs to be replaced and until that’s done, it’s not safe for them to return full-time. Triad Hunter is hoping that Wild Well Control will have the wellhead replaced so that residents can return home tomorrow–December 23rd–and spend Christmas at home instead of at the friends, family and hotel rooms they’re staying in now…
Read More “Residents Near Leaking Triad Hunter Well in OH Still Displaced”
Accidents | Blue Ridge Mtn Res/Magnum Hunter | Energy Companies | Industrywide Issues | Monroe County | Ohio | Regulation | Triad Hunter

ODNR Weighs in on Triad Hunter Well Blowout in Monroe County, OH
December 16, 2014December 16, 2014

Yesterday MDN brought you news that Triad Hunter had a well blowout in Monroe County, OH at their Stalder 3UH well (see Triad Hunter Well Blowout in Monroe County, OH – No One Injured). We have a brief update from the Ohio Dept. of Natural Resources on that incident…
Read More “ODNR Weighs in on Triad Hunter Well Blowout in Monroe County, OH”
Accidents | Blue Ridge Mtn Res/Magnum Hunter | Energy Companies | Industrywide Issues | Monroe County | Ohio | Triad Hunter | Utica Shale

Triad Hunter Well Blowout in Monroe County, OH – No One Injured
December 15, 2014December 15, 2014

On Saturday, Triad Hunter, wholly-owned drilling subsidiary of Magnum Hunter Resources, lost control of a Utica Shale well in Monroe County, OH. The well had been drilled and temporarily plugged as the company planned to drill three more wells at the pad. However, “the well began to flow uncontrollably while recommencing production operations” according to a statement released by Magnum Hunter. Well pad personnel along with 28 homes located within a mile and a half were evacuated. Wild Well Control of Houston has been contacted and (presumably) now on site to contain the well. No injuries have been reported…
Read More “Triad Hunter Well Blowout in Monroe County, OH – No One Injured”
Columbiana County | Energy Services | Industrywide Issues | Monroe County | Ohio | Pipelines | Regulation | Spectra Energy | Statewide OH

FERC Approves OPEN Pipeline in Eastern OH, Gas Goes to Gulf Coast
December 5, 2014December 5, 2014

Christmas continues to come a few weeks early for some of our biggest midstream (pipeline) companies. MDN told you earlier this week that the Federal Energy Regulatory Commission (FERC) had approved the Constitution Pipeline from NEPA up into NY. We now have word that FERC has approved Spectra Energy’s OPEN (Ohio Pipeline Energy Network) project in Ohio. Spectra originally announced the project in December 2011, a project that will build 76 miles of new pipeline from Columbiana County to Monroe County to connect to the Texas Eastern Pipeline, and then reverse the flow–make it bidirectional–on the Texas Eastern in order to carry Marcellus and Utica Shale gas from eastern Ohio to the Gulf Coast. Spectra finally filed a full, official application with FERC in February of this year (see Spectra Energy Files Formal Request with FERC for OPEN Pipeline). On Tuesday, FERC gave its final blessing for the OPEN project…
Read More “FERC Approves OPEN Pipeline in Eastern OH, Gas Goes to Gulf Coast”
Industrywide Issues | Monroe County | Ohio | Sand/Proppant | Supply Chain

Center Port Transload Facility Already Up & Running in OH
November 3, 2014November 3, 2014

MDN reported last Friday about an auction happening this week in Hannibal, OH at the old Ormet aluminum smelting plant (see Out with Old Ormet Plant, In with New Center Port Transload Facility). Niagara Worldwide is converting the old plant into a new transload facility that will accept and redistribute frac sand, pipes and other materials and equipment used in the Marcellus and Utica Shale. As part of that story we floated some questions to Eric Spirtas, president of Niagara Worldwide about what they have planned (and the timing) for the facility. Here are those questions and his responses…
Read More “Center Port Transload Facility Already Up & Running in OH”