Niles, OH Votes to Lift Frack Ban One Month After Passing It
Well that didn’t last long. One month after Niles, OH City Council voted to spite its face by cutting it’s nose off (i.e., voted to ban fracking), they’ve voted to lift the ban. Why? Because the ban language also bans businesses from selling to the drilling industry–including the city itself (situated in Trumbull County), which sells a lot of water for fracking (see Niles, OH Considers Vote to Rescind Ill-Advised Frack Ban for background).
On Wednesday, Niles City Council voted to lift the ban. Congratulations on wising up!…
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Halcón Resources Corporation, increasingly an important driller in the Utica Shale, released their second quarter update yesterday. Halcón CEO Floyd Wilson also held a conference call for analysts. On that call, Wilson boasted about Halcón’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. Halcón, 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. Halcón has 142,000 acres leased in the Utica Shale (primarily in Ohio).