Ohio oil production gains outpaced natural gas gains for third quarter of 2019

While oil and natural gas production in Ohio’s shale region saw gains in the third quarter of last year, oil production gains were higher than natural gas on both a percentage and annual basis for that period, according to a recent article in The Daily Reporter. Horizontal wells “produced more than 7.2 million barrels of oil and nearly 673.97 billion cubic feet of natural gas for the quarter compared with more than 5.54 million barrels of oil and 605.71 billion cubic feet of natural gas for the third quarter of 2018,” the article reports. Those numbers “reverse the script” from 2018, “when oil production trailed natural gas on a percentage basis.” Ohio’s shale region has produced “more than 18 million barrels of oil and more than 1.9 million cubic feet of natural gas” in the first three quarters of 2019. For more, read the full article.

Ohio

Ohio’s natural gas and oil production jumped again in third quarter of 2019

The Ohio Department of Natural Resources (ODNR) Division of Oil and Gas Resources Management’s quarterly report released in December showed natural gas and oil production in Ohio “jumped up again” in the third quarter of last year, Farm and Dairy reports. Horizontal wells “produced 673,962,146 Mcf, or 673 billion cubic feet, from the beginning of July to the end of September,” a 9-percent increase over second-quarter production. Third-quarter oil production was up 24 percent. The report listed 2,419 horizontal shale wells in production. For more, read the full article.

Ohio

Utica Shale’s third-quarter production sets new state records

Figures released by the Ohio Department of Natural Resources (ODNR) show Ohio’s horizontal shale wells produced a record 7,200,304 barrels of oil and 673,962,146 Mcf (674 billion cubic feet) of natural gas in the third quarter of 2019, The Daily Jeff reports. These totals, which represent increases of 29.84 percent and 11.27 percent for oil and natural gas production respectively over the same quarter last year, set new state records for quarterly production. The ODNR report lists 2,470 horizontal shale wells, with 2,419 of those reporting production during the quarter. For more, read the full article.

Ohio

Ohio’s shale industry generated $78B in investment over the past decade

The Utica and Marcellus shale formations “account for more than 85 percent of U.S. shale gas production growth since 2011,” and a recent JobsOhio report finds proximity to them in eastern Ohio “is the greatest contributing factor to the tens of billions” of investment dollars plugged into the state’s economy during the past decade, according to an Akron Legal News editorial. The JobsOhio report, a byproduct of a Cleveland State University study, covers investment through 2018 and finds total investment in Ohio’s shale energy sector “has reached $78 billion since tracking began in 2011,” according to the article. Energy officials “expect an uptick in midstream and downstream investment for the near-term given the billions of dollars in projects” in late planning stages or that have broken ground as of 2019. For more, read the full article.

Ohio

Commission that oversees fracking to recommend changes to law

Ohio Oil and Gas Leasing Commission members are recommending changes in state law “governing fracking on public land and the size and operations of the commission,” The Columbus Dispatch reports. The Ohio Department of Natural Resources (ODNR) staff proposed changes and presented them to the commission, which includes ODNR Geological Survey Division Chief Mike Angle, “two members representing oil and gas interests, attorneys Matt W. Warnock and Michael W. Wise,” former Ohio EPA director Richard Shank representing the environment, and a public representative, former state Bureau of Workers’ Compensation CEO Steve Buehrer.

Proposed changes include ensuring “there are no conflicts of interest involving commission members when it comes to mineral rights,” adding members to the commission, and clarifying language “to allow state agencies to make lease stipulations,” among others. There are 2,142 wells on or beneath public property in Ohio; 64% of them are active, including 503 in wildlife areas, 31 in state parks, 20 in preserves and 10 in state forests. For more, read the full article.

Ohio

10 permits for horizontal drilling in Utica-Point Pleasant Shale issued

The Ohio Department of Natural Resources (ODNR) issued 10 permits for horizontal well drilling in the Utica-Point Pleasant for the week ending October 5, 2019, The Business Journal reports. Five permits were awarded to Antero Resources Corp. for wells in Seneca Township. Three were granted to Equinor USA Onshore Properties Inc. for Salem Township sites, and two were issued to EAP Ohio LLC for wells in German Township. ODNR had issued 3,177 horizontal drilling permits as of October 5, with 2,707 wells being drilled, 2,339 of which are active. For more, read the full article.

Ohio

Ohio’s Q2 shale production up from last year

Production totals from the Ohio Department of Natural Resources (ODNR) show the state’s horizontal shale wells “produced 5.8 million barrels of oil and 614 billion cubic feet of natural gas during the second quarter” of 2019, CantonRep.com reports. Oil production increased nearly 30 percent from a year ago, and natural gas production increased almost 11 percent. ODNR reported production from 2,317 Utica and Marcellus wells during the second quarter. For more, read the full article.

Ohio

15 drilling permits issued in Utica-Point Pleasant shale

The Ohio Department of Natural Resources (ODNR) approved 15 permits for horizontal well drilling in the Utica-Point Pleasant shale for the week ending August 31, 2019, The Business Journal reports. Nine permits were awarded to Ascent Resources Utica LLC, five were awarded to EAP Ohio LLC, and one was awarded to Triad Hunter LLC. The ODNR reported 2,684 wells had been drilled in Ohio, with 2,266 active as of August 31. For more, read the full article.

Ohio

Ohio loses natural gas investments because of nuclear power subsidies

The Columbus Dispatch reports that two companies have canceled plans to build or expand natural gas power plants in Northern Ohio in the wake of the fees levied on consumers by HB 6. The fees will subsidize coal and nuclear plants, and according to some oil and gas spokespersons, disincentivize natural gas interests.  The president of Clean Energy Future estimates an economic loss of $29 billion over the 50-year life of one shelved plant in Lordstown. Read the full story.

Ohio

Rice addresses town hall

Toby Rice, the new CEO of EQT, addressed a town hall meeting that drew nearly 200 landowners to Union Local High School in Belmont, Ohio, reports The Intelligencer Wheeling News-Register. Rice discussed his recent election to CEO and the change in leadership at EQT, and sought to assure those present that the deficiencies in EQT’s operations were a thing of the past. Rice is quoted, “We want to be the operator of choice…we’re going to continue treating our landowners with respect.” He outlined EQT’s plans surrounding the $1.5 billion investment in natural gas in Belmont County, including their partnership with Gulfport Energy and the proposed cracker plant. Landowners voiced some concerns but were generally receptive to Rice. Read the full story.

Ohio
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