Shale Gas Market Value May Soon Reach $214 Billion

The sheer number of global shale reserves coupled with the competitive pricing and many uses of its gas could launch the international shale gas market value to $214 billion by 2022, according to the Empowered News. Although only the U.S., Canada and China currently produce shale gas, an uptick of international production could cause this growth. For more, read the full story.

Global

Reliable One Resources Acquires Athens County Disposal Wells Facility

Reliable One Resources recently announced its purchase of a functioning Athens County water disposal and injection facility, ideally located by the Marcellus and Utica Shales, and their oil and gas producing areas, according to NewMediaWire. As coverage on oil and gas wastewater produced by sites like the Marcellus Shale grows, Reliable One hopes to corner the market with regional water mitigation solutions. For more, read the full story.

Ohio

West Virginia joins international Energy Coalition

West Virginia was unanimously admitted to the Energy Council on Sept. 23, an international coalition focused on energy-related issues within states and international provinces, according to The Weirton Daily Times. The council provides a nonpartisan forum for legislators to dialogue on current energy issues and best practices, and is now comprised of 13 states and two Canadian provinces. For more, read the full story

West Virginia

Ohio’s energy industry spurs billions in economic development

Ohio’s unique proximity to the Utica and Marcellus shale formations has made the state a national leader in energy, according to the Morning Star. This positioning has contributed to over $70 billion in private sector energy investments within the state and innumerable benefits within local economies. For more, read the full story

Ohio

Second Circuit follows lead of Seventh: Nuke subsidies upheld

On September 27, 2018, the Second Circuit Court of Appeals issued its decision in Coalition for Competitive Electricity v. Zibelman, 2nd Cir. No. 17-2654, 2018 U.S. App. LEXIS 27605 (Sep. 27, 2018). This decision, which follows the Seventh Circuit’s decision in Elec. Power Supply Assn. v. Anthony M. Star, summarized here, is the second decision in the span of two weeks to affirm a state’s subsidization of nuclear generation facilities. As in Star, the principal issue in Zibelman was whether the Federal Power Act, specifically 16 U.S.C. § 824(b)(1), which provides that the Federal Energy Regulation Commission (FERC) is to regulate the sale of electricity in interstate commerce, and the states are to regulate local distribution and the facilities used to generate power, preempts a state law that seeks to subsidize some of the state’s nuclear generation facilities in the form of zero emission credits (ZEC) credits. Following the Seventh Circuit’s lead, the Second Circuit held that the state program was not preempted by the Federal Power Act; however, the decision differed in two main respects. For more, read the full publication.

National

Shell Chemicals will use two of the largest cranes in the world

Shell Chemicals acquired two of the largest cranes in the world to assist with significant heavy lifting components of its Potter Township ethane cracker plant site construction, according to The Times. The larger crane is 675 feet tall and can lift 3,500 tons at a time, and the other crane is 430 feet tall and can lift 3,000 tons a time, according to Shell Spokesman Joe Minnittee. For more, read the full story.

Pennsylvania

Ohio law requires oil and gas land professionals to hold broker’s license to be compensated

On September 25, 2018, the Ohio Supreme Court issued its decision in Thomas Dundics v. Eric Petroleum, Slip Opinion No. 2018-Ohio-3826, holding that the plain language of Ohio Revised Code 4735.01 does not exclude oil and gas land professionals or oil and gas leases from the definitions of “real estate” and “real estate broker” within the statute. The case considered the specific question of whether “oil-and-gas land professionals, who help obtain oil-and-gas leases for oil-and-gas development businesses, must be licensed real-estate brokers when they engage in the activities described in R.C. 4735.01(A) with respect to oil-and-gas leases,” and “[m]ore specifically, … whether R.C. 4735.21 precludes a person who is not a licensed real-estate broker from bringing a cause of action to recover compensation allegedly owed for negotiating oil-and-gas leases." For more, read the full story

Ohio, Oil & Gas Litigation

LyondellBasell finalizes acquisition

LyondellBasell finalized its acquisition of Ohio plastics maker A. Schulman for $2.25 billion, doubling the size of its plastics compounding business, according to the Houston Chronicle. The acquisition, announced earlier this year, will enable the Houston petrochemicals company to produce a wider range of plastic compounds for use in consumer and industrial products. For more, read the full story

Ohio

New Ohio Oil and Gas Association leader remarks on the industry’s future

The newest leader of the Ohio Oil and Gas Association, Matt Hammond, spoke about “demand opportunities” within the oil and gas industry during a recent visit to Cambridge, according to the Columbus Dispatch. He emphasized the positive effects of the booming industry, and the importance of communicating those. For more, read the full story

Ohio

Bricker partners with Ohio advancement groups to host economic development trainings

Attorneys within Bricker & Eckler's economic development practice have partnered with APEG, JobsOhio and OEDA to design and host EDNow!, an upcoming economic development training program. EDNow! empowers elected and appointed community leaders, especially those within Southern and Eastern Ohio, to guide their local communities’ futures with cutting-edge economic development strategies. Buckeye Hills Regional Council, OVRDC and OMEGA have also assisted with this initiative.

The program will be offered in various Ohio locations on September 26 and October 10. For more information, including the schedule, location details and ticket information, visit the EDNow! event page.

Ohio
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