UGI expands midstream portfolio with acquisition

UGI Energy Services, a subsidiary of UGI Corporation, has announced that it has entered into an agreement with TC Energy to acquire the equity interests of Columbia Midstream Group from one of TC Energy’s subsidiaries. The deal is worth roughly $1.25 billion, and will allow UGI to “expand [their] midstream capabilities in the prolific…Southwest Appalachian Basin,” according to UGI president and CEO John L. Walsh.  Other “compelling financial and strategic benefits,” according to UGI and reported by BusinessWire, include diversification, expansion of revenue, portfolio-building and an expanded footprint in the midstream asset market across Utica and Marcellus. Read the full story, including financing and closing details, here.

Ohio

Permit for proposed injection well, RUMA stalled by township trustees

The Intelligencer: Wheeling News-Register has reported that the Richland Township (Belmont County) trustees have tabled indefinitely two key items which would allow Omni Energy Group to drill and operate at the intersection of U.S. 40 and Ohio 331: the permit for the proposed well and the road use maintenance agreement for Omni’s ongoing operations in relation to the well. Likewise, the trustees have requested the involvement of the county and state and federal representatives. Concerns are running high among residents, some citing fears of health threats, some the noise and disruption of construction; some are skeptical of wastewater well technology in general. The discussion is ongoing; the next trustees’ meeting is August 7. Read the full story.

Ohio

Marietta official, Ohio Oil and Gas Association weigh in on water studies

A team from Yale University and MIT will be conducting a new drinking water study in Belmont and Monroe Counties, reports The Intelligencer: Wheeling News-Register. Researcher Nicole Deziel, who did a pilot study in Belmont County in 2016, will spearhead this new effort, collecting data and samples and speaking with residents. Her research follows the EPA’s 2016 report stating the need for more data to determine the ultimate impact of oil and gas development on public health. Deziel’s stated intention is threefold: to develop a predictive model of contamination, perform data analyses of screenings for contamination and study neonatal health outcomes. Jeffery Kephart, Marietta’s water superintendent, pointed out that some of the chemicals thought to cause health issues may turn up in water from sources not related to fracking. Mike Chadsey of the Ohio Oil and Gas Association noted that Ohio’s “strong well casing standards” are a key to protecting the drinking water. Read the full story.

Ohio

Bechtel will build Belmont County cracker

Thai petrochemical giant PTT Global Chemical has selected Bechtel Oil, Gas & Chemicals to build the Belmont County ethane cracker plant, according to S & P Global. Bechtel is also building a Shell cracker in Monaca, Pennsylvania. Ethane cracker plants could spur economic growth in the region; two large-scale projects in close proximity could encourage workers to relocate here rather than coming in to work on a project-by-project basis. Utica and Marcellus could support four additional cracker plants, according to the U.S. Department of Energy, further increasing development potential. The Belmont County plant will site on a former coal-fired power plant in Mead Township.

Ohio

Construction begins on critical Ashtabula County pipeline

Construction of the Ohio portion of the Risberg Line has begun, reports the Ashtabula Star Beacon. Once complete, the Risberg Line will flow 55 million cubic feet per day (MMcf/d) of gas from Pennsylvania to the northern tip of Ohio in Ashtabula County. It is expected that the pipeline will help address Ashtabula County’s natural gas needs. The county has suffered from a shortage of natural gas in the past which has impacted its ability to attract certain industries. RH energytrans, the company that will build and own the line, plans to finish construction in early summer. Read the full story.

Ohio, Pennsylvania

New PJM report demonstrates potential costs of FirstEnergy nuclear bailout

A new study shows that Ohio House Bill 6, which subsidizes FirstEnergy Solutions’ two Ohio nuclear plants, could cost Ohio ratepayers even more than the hundreds of millions of dollars in direct charges proposed to prop up the nuclear plants and two older coal plants. The analysis from grid operator PJM concludes that keeping FirstEnergy’s nuclear plants open could, in addition, cost ratepayers as much as $16 million per year in lost savings by discouraging cheaper gas generation from coming online. Read the full story.  

Ohio

Another step up in Ohio shale well activity

The Youngstown Business Journal reports that the ODNR granted 17 new permits last week: two to Hillcorp Energy in Columbiana County, eight to Ascent Resources Utica LLC in Jefferson and Belmont counties and seven to Rice Drilling LLC in Belmont County. Read the full story.

Ohio

Ohio's top shale oil and gas producers

Ohio’s top ten shale oil and gas producers for 2018, according to Columbus Business First:

1.       Ascent Resources Utica LLC

2.       Gulfport Energy Corp.

3.       Rice Drilling D LLC

4.       Chesapeake Exploration LLC

5.       Antero Resources Corp.

6.       Eclipse Resources I LP

7.       CNX Gas Company LLC

8.       Equinor USA Onshore Properties

9.       XTO Energy Inc.

10.     Gulfport Appalachia LLC

Production wells on this list are concentrated in the east-central and southeast Ohio counties of Belmont, Monroe, Harrison, Jefferson, Carroll, Columbiana, Noble and Guernsey. Rankings were determined by production in thousands of cubic feet; production information was obtained from the ODNR.

Ohio

ODNR permitting process under way for injector wells in Richland Township

Omni Energy Group has filed for a permit to site two saltwater injection wells near the intersection of U.S. 40 and Ohio 331 near St. Clairsville, the Intelligencer Wheeling News-Register reports. Residents voiced concerns about pollution, noise and increased truck traffic related to the potential siting. The CEO of Omni stated that “[Omni wants to] be the best neighbor and best part of the community we can be.” The permitting process is ongoing with no finite deadline. Read the full story.

 

Ohio

Findlay-based Marathon Petroleum merger could benefit midstream growth in Ohio basin

A planned merger of Marathon entities MPLX and Andeavor Logistics will expand “[Marathon’s] geographic footprint” in the Ohio basin, the Dayton Daily News reports. Marathon’s CEO anticipates growth and value-creation opportunities as a result. Likewise, low oil prices may spur consolidation between Anadarko Petroleum and Occidental Petroleum. 

Ohio
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