13 permits issued for Utica shale

For the week ended April 13, 2019, the ODNR issued 13 permits to Ascent Resources-Utica LLC for exploratory drilling in Belmont, Harrison and Jefferson Counties. These were the only permits issued for the week in both the Ohio and Pennsylvania sectors of the Utica, according to the Youngstown Business Journal. 2,179 horizontal wells and 16 rigs are currently in production in Ohio. Read the full story.

Ohio

Potential economic impact of Belmont County cracker plant

According to daily-jeff.com, PTTGC America, the U.S. subsidiary of PTT Global Chemical, is in the process of conducting a site feasibility study in Mead Township to determine its suitability for a petrochemical complex that could “change the economic structure throughout the [Eastern Ohio] region.” PTT Global is looking at the site specifically because of its location on the Utica and Marcellus shale plays and its easy access to transportation infrastructure. Economic development from the proposed plant could benefit Belmont and adjacent counties, attracting business from upstream, midstream and downstream sectors of the petrochemical industry. Read the full story.

Ohio

Utica and Marcellus shale plays drive U.S. natural gas production to record high

The Utica/Point Pleasant and Marcellus shale plays are driving growth in U.S. natural gas production, according to data from the EIA and reported by the Youngstown Business Journal. National production was up 11% in 2018, marking the “largest annual production increase on record” for the second year in a row. Gross withdrawals in Ohio alone were up 34% in 2018; notably, the Appalachian basin is now supplying an increased volume of natural gas to other areas of the country, including the Gulf Coast and Texas. Likewise, export volumes have increased. Billion-dollar investments in pipeline development across the region will continue. For more, read the full story.

National, Ohio

ODNR issues first drilling permits in Columbiana County since August 2018

The Salem News  reports that Hilcorp Energy has been granted four new permits to drill in Columbiana County.

Ohio

Nearly half of U.S. natural gas will come from the Ohio Valley by 2040, expanding development potential

Farm and Dairy reports the results of an IHS Markit study which point to an exponential increase in production from the Marcellus and Utica shale formations. According to the study, Ohio, Pennsylvania and West Virginia will supply nearly half of the nation’s natural gas by 2040. The study also quantifies cost advantages of producing natural gas liquids in the Midwest; projected savings are pushing petrochemical plants to look closely at the region for expansion and construction. Read the full story.

Ohio, Pennsylvania, West Virginia

Cabot Oil to cease drilling in north-central Ohio

Farm and Dairy has reported that Cabot Oil & Gas Corp. will cease operations in Ashland and Richland County. Cabot’s exploratory drilling in the north-central Ohio region yielded poor production results and the company will not allocate any additional capital to exploration there at this time. Landowners in the area have been voicing their concerns about lease language and amendments relative to the Cabot drilling. Read the full story.

Ohio

Hilcorp Energy increases well activity in Columbiana County

Hilcorp Energy Co. has applied for three permits related to horizontal well activity in Columbiana County, according to the Youngstown Business Journal. Two of the permits target the Utica/Point Pleasant shale formation via new drilling at the ElkRun-Auer well pad; the third would allow revision at an existing well. Read the full story, including details on permits awarded for other Utica exploratory wells in Ohio, here.

Ohio

Ohio oil and gas production is up

Production of oil and gas from Utica shale wells in Ohio has hit a new record, according to the Youngstown Business Journal and the ODNR. During fourth quarter 2018 2,241 producing Utica shale wells yielded a 31.9% increase in natural gas and a 38.5% increase in oil compared to fourth quarter 2017. Production is also up from the previous three-month period. For more, read the full story.

Ohio

Natural gas industry boosts local business

Like many small business owners, Denise Wycherley of Attic Pickers in Bridgeport, Ohio credits oil and gas workers for an influx in revenue and anxiously awaits a decision on whether or not the region can expect a new ethane cracker plant, according to The Intelligencer. A new plant would mean more workers spending money at local shops like hers. However, PTT Global has yet to announce a decision on this project, which is estimated to be a multi-billion dollar investment for the area. For more, read the full story

Ohio

Guernsey Power Station on delay until April

Norm Blanchard, executive director of the Cambridge-Guernsey County Community Improvement Corporation, announced on February 23, 2019 that construction on the Guernsey Power Station will not begin until April due to an objection filed by American Electric Power to the FERC, according to The Daily Jeff. The objection arose over AEP’s concern for a switching station being built on potentially unstable grounds due to nearby abandoned mines and who would bear the cost of grouting those mines. On February 21, the Ohio Department of Natural Resources hosted a hearing to gauge public opinion on the future of the project and whether or not the mines would be put into use again. For more, read the full story

Ohio
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