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Baker Hughes Rig Counts Hit New Low, But There’s More to Story…
Energy analyst and Seeking Alpha blogger Richard Zeits has authored a new “required reading” article titled, “Natural Gas: Sharp Recent Drop In Baker Hughes Gas Rig Count Explained.” In his new article, Zeits says that although the Baker Hughes rig count (number of active drilling rigs in the U.S.) has reached a new low as of last Friday—only 375 active rigs—the rig count itself does not tell the whole story. With a series of stunning charts, Zeits explores the big change from rigs drilling for natural gas to rigs drilling for oil…
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At the recent winter meeting of the Ohio Oil and Gas Association, OOGA presented the DeBrosse Memorial Report: 2012 Oil and Gas Activity in Ohio. Chock-full of interesting charts and maps showing who drilled wells in Ohio, where they drilled them and how far (distance) the wells were drilled, the report (full copy embedded below) is a must-read if you have an interest in the Utica Shale.
Yesterday morning the new acting CEO of Chesapeake Energy, Steve Dixon, delivered his first investors talk as CEO. One of the primary parts of that talk—indeed we would say the centerpiece—were remarks about the Utica Shale and its importance for Chesapeake as they move forward. According to Dixon, Chesapeake’s production in the Utica for 2012 will show lower numbers than otherwise possible because of lack of pipelines and processing plants. Dixon says that will soon change, and so too will their production numbers.
Saying that “so far” Ohio has not seen any violence from extremist anti-drilling environmentalist groups—but that they do expect violence—the Ohio State Highway Patrol’s (OSHP) Central Intelligence Unit is now monitoring groups like Earth First! and Appalachian Resist. The OSHP says: “…some of these groups are considered domestic terrorists or vandals.”