Posts Authored by Matt Warnock

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

Bill protecting oil and gas producers from new tax policy passes Ohio legislature

An Ohio Department of Taxation audit led the state agency to conclude that oil and gas producers are no longer exempt from sales taxes on several necessary capital expenditures, according to Columbus Business First.  House Bill 430, which was crafted to protect producers from these taxes passed the Ohio House and Senate, and recently received Gov. John Kasich’s signature for approval. State Rep. Tim Schaffer, R-Lancaster, said he introduced the bill to protect mom-and-pop production companies and hundreds of jobs. For more, read the full story

Ohio, Oil & Gas Litigation

U.S. Department of Transportation railway grant would support proposed PTT ethane cracker plant

Recently, Belmont County was awarded $16 million in federal grant funds to improve the rail system near the proposed site of the PTT ethane cracker plant. U.S. Rep. Bill Johnson, R-Ohio, said the funding indicates a positive direction for economic development in the region, supporting the proposal for a PTTGCA-Daelim ethane cracker plant nearby at Dilles Bottom, according to The Times Leader. PTT spokesman Dan Williamson and Belmont County Commissioner J.P. Dutton also acknowledged the possible positive impacts of the grant, which are anticipated to improve the county’s infrastructure and job growth. For more, read the full story.

Ohio

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

EV Energy Partners emerges from bankruptcy court as Harvest Oil & Gas

After spending two months in bankruptcy court and shedding $355 million in debt, the original EV Energy Partners (EVEP) became Harvest Oil & Gas, according to Marcellus Drilling News. EVEP was originally a master limited partnership (MLP), but Harvest Oil & Gas is now a corporation. For more, read the full story.

National

Mining officials announce $5M land remediation project in Harrison County, Ohio

State mining officials announced a $5 million land remediation project in Harrison County, reports The Times Leader. The newspaper says the site, planned for Sally Buffalo Park, will involve building a retaining wall that will redirect runoff from old surface mines, making the park safer and a “great economic driver.” For more, read the full story.

Ohio

Private equity owner could combine Appalachian oil and gas companies

Pittsburgh Business Times reports that EnCap Investments, the private equity owner of Penn Energy Resources LLC and Eclipse Resources, is considering merging the oil and gas companies. Click here to read more.

Pennsylvania

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

ETF Asks FERC for Service Authorization on Rover Laterals

Natural Gas World reports that Energy Transfer Partners (ETF) has asked FERC to issue several in-service authorizations for Rover Pipeline laterals in eastern Ohio. ETF has also agreed to complete restoration work along their pipeline route by the end of July.  For more, read the full story

Ohio

EIA expects major increase in Northeast natural gas takeaway capacity this year

Assuming all projects come online by their scheduled in-service dates, the U.S. Energy Information Administration expects more than 23 billion cubic feet per day (Bcf/d) of natural gas pipeline takeaway capacity to be online in its Northeast region, which includes Ohio, Pennsylvania and West Virginia, by the end of 2018. The agency says that will be up from an estimated 16.7 Bcf/d at the end of 2017 and more than three times the takeaway capacity at the end of 2014. EIA notes that the growth of natural gas production in the Marcellus and Utica shale basins is “constrained by the lack of available takeaway pipeline capacity to move it to new markets,” and new projects will create an outlet for increased production. For more, read the full EIA report.

National
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