Chesapeake Re-Signs Expiring Utica Leases in Columbiana County OH
Although Chesapeake Energy under Doug “the ax” Lawler has sold off everything but the kitchen sink (see Potential Buyer for Chesapeake’s Dry Gas Utica Acreage?), and fired everyone but the janitor (see The Great Chesapeake Massacre II: Lawler Fires Another 740 People), in a turnaround, Chesapeake has decided to re-sign leases with at least some landowners in the Utica Shale in Columbiana County, OH where leases are expiring this year. Go figure! So far this year Chessy has re-signed 63 leases in Columbiana County…
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MDN told you back in April that OH Gov. John Kasich’s insistence that the state budget include a higher severance tax would not happen as part of the 2015 budget (see 
It’s not often it happens, so we like to make a big deal out of it when it does–praise for a group of Democrats! Kudos to the Mahoning County Democrat Party for their stand AGAINST the no fracking ballot initiative on the November ballot–otherwise known as the Youngstown Community Bill of Rights initiative. As we’ve previously reported, this is the fifth time this idiotic ballot measure has come up for a vote in the City of Youngstown. The OH Supreme Court ruled it should be on the ballot in November (for a fifth time), even though the same Supreme Court ruled against such “home rule” laws earlier in the year (see 
MDN has just published Volume 2 of the 
In January 2014 Hess Corporation sold 74,000 of its 95,000 100%-owned Utica Shale acreage leases to Aubrey McClendon’s American Energy Partners for $924 million (see 
There are some 408 parks that are part of the National Park System in the United States. The National Park Service (NPS) is the government agency charged with managing those parks. The NPS has just put everyone on notice that new regulations for oil and gas drilling on and under those parks is coming. In some cases mineral rights are not owned by the government and drilling does happen on or under the parks. Oil and gas drilling currently happens in 12 of the 408 parks, including drilling operations in the Cuyahoga Valley National Park between Akron and Cleveland in Northeast Ohio. Just over half of the drilling operations happening in those 12 National Parks is exempt from NPS regulations. In an annoucement (below), the NPS said (1) we’re about to make drilling regs more strict, and (2) the new regs will apply to all drilling in all National Parks, including the places where it’s currently exempt from NPS rules–even if the mineral rights are not owned by the NPS. It is another power grab by the federal government. The Bureau of Land Management (BLM) tried this tactic with non-park federal lands–a move that landed it in court (see 
Floridian Jeb Bush is running for President as a Republican–necessary to state the obvious because many are likely not aware of Jeb’s candidacy since his poll numbers are in the single digits. Jeb was a guest at Rice Energy near Pittsburgh in September to unveil his energy policy plan (see 
The Obama war on coal continues. So far Obama has put around a half million people working for coal companies in the unemployment line. His solution? If you live and/or have worked in coal mines in Ohio and are now out of work, Obama is giving the state a $2 million Band-Aid grant (of taxpayer’s money) for “retraining” so the out-of-work coal miners can go to work in the Marcellus/Utica shale gas fields. One small problem: the gas companies are laying people off too. In record numbers. Government at its finest: retrain someone out of work in one industry for jobs that don’t exist in another industry. Here’s the details on the retraining program coming to the Buckeye State for out-of-work coal miners…
With President Obama’s war on coal in full swing, so-called renewable energy sources like wind and solar can’t possibly pick up the slack from coal-powered electric generating plants shutting down. Coal-fired electric plants are shutting down at an alarming rate–we’ve lost 11 million megawatts of coal-fired electric capacity in the past year alone. That situation spells opportunity for natural gas. One reason that natgas is making inroads in the electric generating space is because it’s a whole lot cheaper today than it was just a few short years ago to use clean-burning natural gas to power electric plants. In 2008 the price of natural gas sold for an average of $13 per thousand cubic feet (Mcf). Today? The price of gas has been bumping along at around $2.75/Mcf. In places like southwest Pennsylvania and eastern Ohio Marcellus and Utica gas sells for around $1.50-$1.75/Mcf. So it’s no wonder electric plants powered by natural gas are springing up all over the place. Below is a quick look at six such plants in eastern Ohio and West Virginia…
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 
Are you a farmer in Ohio with concerns, or perhaps a general interest, in whether or not pipelines running across your property will negatively affect crop productivity? If you are, Ohio State University wants to talk to you. OSU is looking for 20 to 30 farmers with pipelines in their fields over a period of three to five years to participate in a new research study. Here’s the details of the study and how to participate…
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…
Quick: According to the U.S. Energy Information Administration, which three states are responsible for 85% of the increase in natural gas production since 2012? If you answered Pennsylvania, Ohio and West Virginia, you would be correct. The Marcellus/Utica Shale has been the number one economic stimulus and jobs creator in the northeast for the past three years. At times, PA, OH and WV have competed for the same investments, like ethane cracker plants. (All three states have a serious proposals for ethane crackers.) Realizing it may be better to work together rather that compete against each other, all three states have agreed to cooperate to develop shale gas in the Appalachian region. Yesterday political representatives from all three states–Gov. Tom Wolf from PA, Gov. Earl Ray Tomblin from WV and Lt. Gov. Mary Taylor from OH–signed a tri-state regional cooperation agreement at the Tri-State Shale Summit held in Morgantown, WV. There are four main areas the three states have pledged to work together on…
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…