Equitrans Midstream finalizes “spin-off” from EQT Corporation

Equitrans Midstream Corporation, a prominent natural gas gatherer and pipeline operator with a significant hold in the Marcellus and Utica Shale region, has officially “spun-off” from EQT Corporation and has begun “regular-way” trading, according to the Cincinnati Business Courier. Thomas F. Karam, president and CEO of Equitrans Midstream expressed much optimism for Equitrans Midstream, given its strong fundamentals and potential. For more, read the full story

Ohio

Shale Crescent recognizes regional goals

Greg Kozera, the director of marketing for Shale Crescent USA, recently penned an op-ed for The State Journal detailing his team’s progress towards achieving their dreams for the once economically depressed Shale Crescent Region. He chronicled their motivations, increased respect from the 2017 to 2018 World Petrochemical Conferences, and future actions. For more, read the full story.  

Ohio, Pennsylvania, West Virginia

Chesapeake sells Utica Shale assets to Encino Acquisition Partners

Chesapeake Energy, the pioneering Utica Shale drilling company in Ohio, completed its asset sale of 900,000 acres, approximately 900 wells, and related property and equipment within the Shale to Encino Acquisition Partners for $2 billion, according to the Times Reporter. The company then closed its quarter with a profit of $60 million. For more, read the full story

Ohio

NEXUS Gas Transmission pipeline begins operations

The NEXUS Gas Transmission pipeline began operations in its mainline facilities Sat., Oct. 13, and informed the Federal Energy Regulatory Commission of its commencement in a letter sent Tuesday, according to the Times Reporter. The pipeline crosses Stack, Summit and Wayne counties. For more, read the full story.   

Ohio

Anticipated TEAL Natural Gas Pipeline project begins some service

A company filing by Enbridge Inc. with U.S. federal energy regulators revealed that the Canadian energy company’s Texas Eastern Appalachian Lease natural gas pipeline project began some service in early October, according to Reuters. The Ohio pipeline will connect Marcellus and Utica Shale product from the tristate with other regions in the U.S. and Canada. For more, read the full story.

Ohio

Guernsey Power Station Groundbreaking Set For March

Although the Guernsey Power Station project start date has been delayed several times, Cambridge-Guernsey County Community Improvement Corporation Executive Director Norm Blanchard recently revealed that a March groundbreaking is underway, according to The Daily Jeffersonian. The natural gas fueled power station will employ 300 to 500 construction workers and 25 permanent highly skilled employees. For more, read the full story.

Ohio

Reliable One Resources Acquires Athens County Disposal Wells Facility

Reliable One Resources recently announced its purchase of a functioning Athens County water disposal and injection facility, ideally located by the Marcellus and Utica Shales, and their oil and gas producing areas, according to NewMediaWire. As coverage on oil and gas wastewater produced by sites like the Marcellus Shale grows, Reliable One hopes to corner the market with regional water mitigation solutions. For more, read the full story.

Ohio

Ohio’s energy industry spurs billions in economic development

Ohio’s unique proximity to the Utica and Marcellus shale formations has made the state a national leader in energy, according to the Morning Star. This positioning has contributed to over $70 billion in private sector energy investments within the state and innumerable benefits within local economies. For more, read the full story

Ohio

Ohio law requires oil and gas land professionals to hold broker’s license to be compensated

On September 25, 2018, the Ohio Supreme Court issued its decision in Thomas Dundics v. Eric Petroleum, Slip Opinion No. 2018-Ohio-3826, holding that the plain language of Ohio Revised Code 4735.01 does not exclude oil and gas land professionals or oil and gas leases from the definitions of “real estate” and “real estate broker” within the statute. The case considered the specific question of whether “oil-and-gas land professionals, who help obtain oil-and-gas leases for oil-and-gas development businesses, must be licensed real-estate brokers when they engage in the activities described in R.C. 4735.01(A) with respect to oil-and-gas leases,” and “[m]ore specifically, … whether R.C. 4735.21 precludes a person who is not a licensed real-estate broker from bringing a cause of action to recover compensation allegedly owed for negotiating oil-and-gas leases." For more, read the full story

Ohio, Oil & Gas Litigation

LyondellBasell finalizes acquisition

LyondellBasell finalized its acquisition of Ohio plastics maker A. Schulman for $2.25 billion, doubling the size of its plastics compounding business, according to the Houston Chronicle. The acquisition, announced earlier this year, will enable the Houston petrochemicals company to produce a wider range of plastic compounds for use in consumer and industrial products. For more, read the full story

Ohio
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