Oil and Gas Industry Information


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There is considerable information and misinformation being distributed regarding natural gas industry relative to the Marcellus, Utica and Upper Devonian Shales. It is our goal to work with the gas companies to post the latest information relative to their drilling activities and other developments. We encourage you to visit this page regularly to stay abreast of the various shale plays. You should seriously consider signing up for our RSS feeds to get this information as it is posted.

 

Chesapeake Moving Rigs from PA to Ohio

WHEELING - Looking to find more ethane to feed a cracker plant and oil to refine for gasoline instead of low-value natural gas, Chesapeake Energy plans to refocus much of its Marcellus and Utica shale drilling this year.
Click here to read the full article at The Intelligencer / Wheeling News-Register.

 

Industry study touts large economic impact of shale-gas drilling

December 06, 2011 | By Andrew Maykuth, Inquirer Staff Writer

A new national study asserts that the shale-gas revolution is having deep, sustained economic benefits by creating jobs, reducing consumer costs, and stimulating growth.

The industry-sponsored study by IHS Global Insight found that natural gas production in formations such as Pennsylvania's Marcellus Shale supported more than 600,000 jobs nationwide in 2010 and is projected to grow to nearly 870,000 by 2015. The embargoed report will be released Tuesday.

The study says that the impact of shale gas is felt far beyond the regions where drilling takes place. It says that savings from lower gas and electricity prices, as well as lower prices for other consumer purchases, equate to $926 in additional disposable income per American household in 2012. It estimates that number will increase to more than $2,000 per year in 2035.
Click Here for the PDF.


Fast Facts on the Natural Gas Industry

While the most the media reporting has focused on the issue of “fracking” and the demonstrations associated with it, a number of significant business announcements provide evidence to the impact and the scope of the Marcellus and Utica Shale plays on Pennsylvania, West Virginia, Ohio and New York.
Click Here for the PDF.

 

ICYMI – New Tests Confirm Marcellus Development Not Impacting Pa. Waterways
Canonsburg, PA – This week, Pennsylvania American Water – one of the commonwealth’s largest water utilities – released data determining that its water has “not been impacted by radioactive materials” from Marcellus Shale development and the water is safe to drink. As you may recall, the New York Times made a series of claims regarding the impact Marcellus development is having on drinking water -- the Pittsburgh Post-Gazette and Philadelphia Inquirer even used the Times’ questionable reporting as a foundation for editorials.
Cilck Here to read the whole article in a PDF.

 

CHESAPEAKE ENERGY CORPORATION REACHES MILESTONE IN NATURAL GAS FLEET CONVERSION PROGRAM
Click Here for the 800th Vehicle Converted Keeps Company on Track to Transition PDF.

 

Click Here for Chief Oil & Gas Supports Pennsylvania DEP Efforts to Reduce Water Pollution PDF.

 

Click Here for a Chesapeake Energy presentation. The Chesapeake Energy presentation is a PDF.