ODNR proposes changes for spacing of oil and gas wells

The Ohio Department of Natural Resources’ Division of Oil and Gas Resources Management has posted draft rules for changing well spacing for both conventional and horizontal oil and natural gas wells, reports Marcellus Drilling News. The news site says the proposed rules, which the public can comment on through April 10, 2018, will establish new minimum distances that horizontal wells may be drilled from the boundaries of drilling units and new minimum distances from other horizontal wells. Click here to read more.


Study: Appalachia ethane ‘crackers’ hold cost advantage over ones on Gulf Coast

A new study from IHS Markit and Shale Crescent USA “is pressing the case that building more ethane “crackers” in the [Appalachia) region is cheaper for the industry than a similar new facility on the Gulf Coast,” reports the Pittsburgh Business Times. The newspaper says the study finds the pre-tax cash flow of an Appalachian ethane cracker over its 20-year life span would be $11.5 billion, compared with $7.9 billion on the Gulf Coast for a “world-scale cracker” that would have about 1 million metric tons of annual output. The study says the reason for the difference is that the cost of ethane and transporting it to and from a processing plant provides a significant advantage to crackers in Appalachia. For more, read the full story.

National, Ohio, Pennsylvania, West Virginia

U.S. tariffs on Chinese goods could hurt LNG exporters

New U.S. tariffs on Chinese goods could make it more difficult for U.S. liquefied natural gas (LNG) exporters to tap into China's booming energy market and get investors to put money into LNG projects, reports the Houston Chronicle. The newspaper says the Trump administration’s proposed policy, which calls for tariffs targeting roughly $60 billion in Chinese goods per year, “could exacerbate U.S. investors' anxiety over signing long-term LNG contracts with trading partners they already consider unreliable." For more, read the full story.

Global, National

Rex Energy sells some Pennsylvania oil and gas assets to XPR Resources

Rex Energy has announced the sale of some non-operated oil and natural gas interests in three Pennsylvania counties to XPR Resources for $17.2 million, according to Kallanish Energy. The news site says the deal includes associated production and ancillary assets, as well as 61 gross wells that are producing approximately 8.2 million cubic feet of natural gas per day. Rex Energy has operations in western Pennsylvania and eastern Ohio. For more, read the full story.


EV Energy Partners expected to file for bankruptcy

EV Energy Partners, the publicly traded business of Houston energy investment firm EnerVest, plans to file for bankruptcy to restructure and reduce its debt, reports the Houston Chronicle. The newspaper says the upstream oil and natural gas business, which has operations in the Appalachian basin, has agreed to a bankruptcy plan with “a majority of its lenders to renegotiate its debt and restructure its ownership in order to avoid a financial default.” The Chronicle notes EnerVest, the parent firm, is not filing for bankruptcy. For more, read the full story.

National, Ohio, Pennsylvania, West Virginia

Ohio Oil and Gas Association hires Matt Hammond as new executive vice president

The Ohio Oil and Gas Association (OOGA) has named Matt Hammond as its new executive vice president, reports the Columbus Dispatch. The newspaper says Hammond will serve as one of the point people for lobbying on behalf of OOGA before the state government. For more, read the full story.


Halliburton has ‘giant growth spurt’ as oil and gas drilling rebounds

Oilfield services company Halliburton, which has operations in Ohio's Utica shale play, has grown its fleet of pressure pumping equipment by 700,000 horsepower over the past year in what the Houston Chronicle calls “a giant growth spurt” that comes as U.S. drillers pump more oil and natural gas from shale plays. Citing a report by Norwegian research firm Rystad Energy, the newspaper says the increase brings Halliburton’s high-pressure pumping equipment to more than 4 million horsepower. Rystad believes U.S. oil and gas companies expanded their pumping fleets by 3.3 million horsepower in 2017 and could add another 3.3 million horsepower this year as demand rises for hydraulic fracturing in shale plays. For more, read the full story.

National, Ohio

Columbus company lands $1.7 million for natural gas compressor development

Columbus-based Simple-Fill Inc. has raised $1.7 million from Worthington Industries Inc. and other investors toward making its next generation of lower-cost natural gas compressors, reports Columbus Business First. The newspaper says the funding will go toward building and installing four to five compressors at customer sites. Simple-Fill, an Ohio State University spinoff, has also moved its operations to the Columbus plant of Parker Hannifin Corp., which produces several components and has helped with engineering for the compressor, according to Business First. For more, read the full story.


West Virginia issues cease-and-desist order on Rover pipeline project

West Virginia regulators have issued a cease-and-desist order on the Rover natural gas pipeline project, citing multiple water pollution violations, reports the Charleston Gazette-Mail. The newspaper says the West Virginia Department of Environmental Protection conducted inspections on four days in February, during which the agency said it found 14 violations in Doddridge, Tyler and Wetzel counties. The 713-mile pipeline, owned by Energy Transfer Partners, would transport 3.25 billion cubic feet of natural gas per day from processing plants in West Virginia, Ohio and Pennsylvania. For more, read the full story.

Ohio, Pennsylvania, West Virginia

Natural gas growth shifts to southwestern Pennsylvania

The Pittsburgh Business Times reports there has been a geographic shift in natural gas development since 2014 from the northeast section of Pennsylvania, which has historically produced the most gas, to the southwest part of the state. Ten counties, including six in the southwest, were identified as major winners in this shift, with the newspaper noting there was a 99.7% increase in production from 2014 to 2017 in Allegheny, Beaver, Butler, Greene, Lawrence and Washington counties. For more, read the full story.

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