Overwhelming Support for Wayne Natl Forest Drilling @ BLM Mtg
On Tuesday, the federal Bureau of Land Management (BLM) held a hearing on the possibility of allowing shale drilling in Wayne National Forest (WNF), the only national forest in Ohio with portions in Athens, Gallia, Hocking, Jackson, Monroe, Morgan, Noble, Lawrence, Perry, Scioto, Vinton, and Washington counties. WNF is a “patchwork” of public land scattered among private land. Some 60% of the mineral rights below WNF are privately owned. Some 250 landowners turned up at a hearing in Marietta (Washington County), OH to show their support for drilling in WNF…
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EdgeMarc Energy is a small driller headquartered in the Pittsburgh area, formed in 2012. The company has leased 50,000 acres in the Marcellus and Utica Shales. On Monday EdgeMarc issued a press release to announce they’ve attracted a new investor–the Ontario Teachers’ Pension Plan–which has promised the company up to $300 million in cash in return for part ownership (called an “equity commitment”). The announcement also says EdgeMarc currently drills and produces natural gas in Monroe and Washington counties in Ohio, and Butler County in Pennsylvania. In checking the latest issue of our
New condensate processing is on the way later this year from Ergon, Inc.–a company headquartered in Mississippi but with refineries and processing facilities in Ohio and West Virginia (and operations that include western Pennsylvania, Kentucky and New York). Ergon announced yesterday the company has spent over $75 million in the past two years to upgrade facilities, and continues to spend. Coming later this year is a 10,000 barrel per day condensate stabilization facility in Marietta, OH. Coming next year, the same kind of facility (also 10,000 bbl/d) in Newell, WV…