More development on the horizon for the tri-state area

The Tri-State area (Ohio, Pennsylvania and West Virginia) will continue to grow as an oil and gas production hotspot in the coming years, Bryce Custer recently speculated to the Herald-Star, because the area is extremely attractive to investors. For example, the recent JSW Steel of India acquisition in the region may prompt the return of a steelmaking. For more, read the full story.

Ohio, Pennsylvania, West Virginia

Shale Crescent USA proposes rebranding Appalachia as the “Shale Crescent”

At a recent Wheeling Area Chamber of Commerce event, Shale Crescent USA Marketing Director Greg Kozera shared his company’s vision of rebranding the region as the “Shale Crescent” to promote economic development, according to the Wheeling News-Register. Along with rebranding itself, Kozera also suggested constructing a petrochemical storage hub and keeping gas and oil industry taxes low. For more, read the full story

West Virginia

Appalachian Storage Hub Conference speakers agree now is the time to build

The petrochemical industry in Appalachia is currently booming with the Shell ethane cracker under construction and other projects planned in the tri-state area. The Gulf Coast has many large storage hubs for the petrochemical industry, but industry experts at the Appalachian Storage Hub Conference agreed the Appalachian region needs its own storage areas to reach full output potential, according to the Pittsburgh Business Times. The payoff associated with an Appalachian storage hub is massive reports a recent American Chemistry Council study; it could spur billions of dollars in investment and create nearly 100,000 jobs.  For more, read the full story

Ohio, Pennsylvania, West Virginia

Leaders See Wheeling Opportunity Zone As ‘Good Tool’

West Virginia lawmakers recently announced that five zones in Wheeling, Weirton and in Wetzel, Tyler and Marshall counties have been certified ‘Opportunity Zones’. The Intelligencer reported that the newly certified zones will be beneficial for energy projects in the area and a good tool for business development. For more, read the full story

West Virginia

FERC allows start of Atlantic Coast Pipeline construction in West Virginia

Marcellus Drilling News reports that the Federal Energy Regulatory Commission (FERC) has given permission to Dominion Energy to begin construction of the Atlantic Coast Pipeline in West Virginia. The news site says the $6.5 billion natural gas line will run from West Virginia through Virginia and into North Carolina. Click here to read more.

National, West Virginia

Rex Energy plans to file for bankruptcy

Rex Energy Corp., a Pennsylvania-based oil and natural gas company, plans to file for bankruptcy, reports the Pittsburgh Post-Gazette. The newspaper says Rex, which operates in the Marcellus and Utica shale plays, disclosed in its quarterly report with the Securities & Exchange Commission that it could not come to an agreement with lenders after missing a debt payment in April 2018, and would be seeking protection under Chapter 11 of the bankruptcy code. For more, read the full story.

Ohio, Pennsylvania, West Virginia

Thrasher: Steel tariffs should not hurt China Energy investments in West Virginia

West Virginia Commerce Secretary Woody Thrasher said President Donald Trump’s proposed 25% tariff on steel imports should not derail China Energy Investment Corp.’s plan to build $83.7 billion worth of ethane “crackers,” power plants and related natural gas infrastructure in the state, according to the Wheeling Intelligencer/News-Register. “We don’t think those tariffs are going to impact the situation,” Thrasher said during a West Virginia Oil and Natural Gas Association conference in Wheeling. “We feel like it’s a fundamentally, really good, win-win situation for both China Energy and our country.” For more, read the full story.

Global, National, West Virginia

Executive order by West Virginia governor may benefit oil and gas industry

West Virginia Governor Jim Justice has signed an executive order intended to streamline the permitting process for businesses and industries in the state, calling for expedited permitting for all projects and prioritization for ones of “critical economic concern,” according to WVNews.com. Charlie Burd, executive director of the Independent Oil and Gas Association of West Virginia, told the news site that the governor’s order might be a boon to the oil and natural gas industry if it speeds up the process for getting environmental permits for pipeline construction. For more, read the full story.

West Virginia

MarkWest settles air pollution claim for facilities in Appalachian basin

MarkWest, which operates natural gas facilities across the Appalachia basin, has agreed to pay $610,000 and spend several million dollars to install emissions control technology to settle an air pollution claim brought by the federal government and state of Pennsylvania, reports the Pittsburgh Post-Gazette. The newspaper says the U.S. Department of Justice announced that MarkWest Liberty Midstream Resources and its operation in Ohio, Ohio Gathering Co., will spend about $2.4 million to install equipment to reduce air emissions at facilities in eastern Ohio and western Pennsylvania. For more, read the full story.

Ohio, Pennsylvania, West Virginia

Deep Well Services acquired by private equity firm

Deep Well Services, an oilfield services company that operates in the Appalachian basin, has been acquired by Houston-based private equity firm White Deer Energy, reports the Pittsburgh Business Times. Financial terms were not disclosed. The newspaper says Deep Well Services, based in Zelienople, Pennsylvania, has more than 200 employees and specializes in the completion of natural gas wells. For more, read the full story.

National, Ohio, Pennsylvania, West Virginia
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