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Expo/Industry events for the next few months

Utica Upstream 
April 5, 2017
Walsh University
Canton, OH
http://www.uticacapital.com  

Ohio Valley Oil & Gas Regional Expo
April 25-26, 2017
Belmont County Carnes Center
St. Clairsville, OH
http://www.ohiovalleyoilgasexpo.com/ 

Appalachian Storage Hub Conference
June 15, 2017
Hilton Garden Inn
Southpointe, PA
http://www.appastorage.com/ 

Latest facts and a rumor from the Marcellus, Utica, Permian, Eagle Ford, Bakken and Niobrara Shale Plays 

Halliburton to Hire 2000.  Halliburton said last week it’s adding 2,000 U.S. jobs in the first quarter and ramping up activity faster than anticipated to try to match surging gas and oilfield activity, especially in the Permian Basin.

In a rare operations update call, Halliburton Chairman/CEO Dave Lesar said the company is spending more money now to protect market share and ensure stronger profits in the future. The plan to “frontload as much of the costs as we can” will mean weaker profits short-term to better position Halliburton in the future.

“We are coming off a historic trough, so what we have to add back is almost unprecedented,” Lesar said, warning its first-quarter earnings won’t be as strong as previously projected.

At the end of 2016, Halliburton had 50,000 employees after cutting 35,000 positions over two years of an oil price bust, Kallanish Energy reports.

Now, jobs are beginning to return and idled equipment reactivated. Profits will follow later, Lesar said.

The rig count continues rising, but because each drill rig can now drill more wells and each well can produce more oil, Halliburton president Jeff Miller compared current activity to that of 2014, the year before prices fell.

“Nine hundred (rigs) is the new 2,000,” he said.

Because oilfield activity is picking up faster than Halliburton anticipated, the company is losing some market share temporarily and spending more to maintain as much of that market share as possible.

Halliburton also is hurt by supply-chain price increases, like the rising cost of sand for fracking, while the company’s own services pricing hasn’t risen to match its growing costs.

Based on what I’m hearing, Halliburton may have to offer good salaries to attract workers.  All companies in the industry are looking for workers.  Halliburton looking to add 2,000 workers will certainly put more pressure on a tight market.

More Rigs Will Be Drilling.  It’s estimated that 28 rigs will come off the ‘laid-down’ list and become active in the Permian Basin within the next 45 days.  Most of rigs will be Anadarko. Based on the Halliburton information maybe it isn’t a rumor.  Keep looking for updates from ShaleDirectories.com.  (RUMOR)

Eclipse Wins Wayne National Forest Bid in OH.  Pennsylvania-based Eclipse Resources was the big winner in the federal auction for leases in the Wayne National Forest in southern Ohio, Kallanish Energy reports.

The company submitted the winning bids for 987.03 acres of the 1,180 acres auctioned last week by the federal Bureau of Land Management. All of the acreage is in Ohio’s Monroe County, one of the top drilling spots in the Utica Shale.

Eclipse Resources, with offices in State College, submitted winning bids that totaled $3.55 million.

Flat Rock Development submitted winning bids totaling $1.14 million for 120.39 acres and investor Philip White submitted the winning bid of $396,840 for 39.68 acres. In all, 20 parcels were auctioned off for nearly $5.2 million by the BLM.

It was the second auction in the Wayne National Forest. An auction last December on 719 acres raised $1.7 million for the federal government. A third auction is planned in June.

At present, there are 1,200 vertical-only wells in the 240,000-acre national forest that is a mix of federal and private lands.

Trump Moves on EPA Regs.  President Trump, as expected, on Tuesday began tearing down a number of energy regulations imposed by former President Obama, targeting in particular the previous administration’s signature program that was intended to curb carbon emissions.

With an executive order signed at Environmental Protection Agency headquarters, Trump initiated an immediate review of the Clean Power Plan, which restricts greenhouse gas emissions from coal-fired power plants.

Surrounded by coal miners, the president described that plan as a “crushing attack” on workers and vowed to nix “job-killing regulations.”

“We’re going to have safety, we’re going to have clean water, we’re going to have clean air, but so many (regulations) are unnecessary, so many are job-killing,” he said.  

Democrats wasted no time hammering Trump, Kallanish Energy reports. House Minority Leader Nancy Pelosi blasted the administration’s “spiteful assault” on the Clean Power Plan and declared it would not bring coal jobs back.

“President Trump and Congressional Republicans’ contempt for clean air, clean water, and our clean energy future endangers the health of our children and the strength of our economy,” she said, in a statement.

The Clean Power Plan has been the subject of long-running legal challenges by Republican-led states and allies of the oil, coal and gas industries.

Trump’s overall executive order will suspend, rescind or mark for review more than a half-dozen measures in an effort to boost domestic energy production via fossil fuels.

In addition to pulling back from the Clean Power Plan, the administration is lifting a 14-month-old moratorium on new coal leases on federal lands.

The Obama administration had imposed a three-year moratorium on new federal coal leases in January 2016, arguing the $1 billion-a-year program must be modernized to ensure a fair financial return to taxpayers and address climate change.

The order also chips away at other regulations, including scrapping language on the "social cost" of greenhouse gases. It initiates a review of efforts to reduce methane emissions in oil and natural gas production, as well as a Bureau of Land Management hydraulic fracturing rule, to determine whether those reflect the president's policy priorities.

It also rescinds Obama-era executive orders and memoranda, including one that addressed climate change and national security and one that sought to prepare the country for the impacts of climate change.

The power-plant rule at the heart of Trump’s order has been on hold since last year as a federal appeals court considers a challenge by coal-friendly states and more than 100 companies who call the plan an unconstitutional power grab.

Constitution Pipeline Is Still Alive.  Last week MDN brought you the news that a federal judge had dismissed a case brought by the Constitution Pipeline against the New York Dept. of Environmental Conservation (DEC) over the issue of denying water crossing permits for the project (see Federal Judge Rejects Constitution Pipe Request to Bypass NY DEC). What we have since come to understand is that this was one of two lawsuits filed by the Constitution against the NY DEC. In fact, it was the lesser of the two lawsuits. The “biggie” lawsuit is still not yet decided. That decision will come from the U.S. Court of Appeals for the Second Circuit–and is due to arrive within the next two months. The fate of the project hangs in the balance. Lawyers for the Constitution are confident that the court will find the DEC’s denial of permits is capricious and politically motivated, and will strip the DEC of its role in the project. If that happens, it is the equivalent of a 10.0 earthquake. The DEC will no longer play a role in federally regulated pipeline projects. Perhaps if the DEC wants to maintain a role in such projects, they ought to move forward and issue those permits now (i.e. “settle out of court”), before the ruling comes down.

EQT to Drill Longer Laterals.  In December 2016 EQT, one of the largest Marcellus/Utica drillers with its headquarters in the Pittsburgh area, released a forecast for 2017 (see EQT 2017 Forecast: Drilling 119 Marcellus, 81 UD, 7 Utica Wells). At that time, EQT said they would spend $1.5 billion to drill a total of 200 Marcellus and Upper Devonian wells, and 7 exploratory Utica wells. Yesterday EQT released an update to/revision of their 2017 plans. The new plan still shows a budget of $1.5B to drill a total of 207 wells. So what changed? EQT is drilling longer laterals–from 7,000 feet on average to 8,000 feet on average, for their Marcellus wells. EQT finds by doing so their decline curves (how much a well will ultimately produce) has increased by 14% to 2.4 billion cubic feet equivalent per 1,000 feet drilled. Originally EQT forecasted they would produce 810-830 billion cubic feet equivalent (Bcfe) of natural gas. That has gone up. They now plan to produce 835-855 Bcfe of natural gas in 2017. NGLs are going up too. The original forecast was for 13,100-13,700 barrels of liquids, now raised to 17,975-18,575 barrels. The one “negative” in this updated forecast is that EQT has factored in a 15% rise in the cost of oilfield services.

FERC Released Review of WB Express Pipeline.  The Federal Energy Regulatory Commission has released an environmental review of Columbia Gas Transmission’s WB Express Project in West Virginia and Virginia, Kallanish Energy learns.

The federal agency that oversees interstate pipeline projects, said the review by six federal and state agencies found no major problems.

The project, it said in the 597-page report, “would not constitute a major federal action significantly affecting the quality of the human environment.”

Other parties involved in the review were the U.S. Army Corps of Engineers, the U.S. Forest Service, the U.S. Fish and Wildlife Service, the West Virginia Department of Environmental Protection and the West Virginia Division of Natural Resources.

FERC is accepting comments on the environmental assessment through April 24.

The $850 million project calls for the construction of about 30 miles of new pipeline, modifying seven compressor stations, building two new compressor stations and increasing pressure in the pipeline system.

The project would increase capacity by 1.3 million cubic feet per day and boost shipments of Marcellus/Utica natural gas to the Mid-Atlantic and Gulf Coast areas.

The pipeline system is located in eight West Virginia and six Virginia counties. The project is scheduled for completion in Q4 2018.

Columbia Gas filed its FERC application on Dec. 30, 2015.

3rd Thai Acquisition in the Marcellus.  Kalnin Ventures LLC today announced it has signed a Purchase and Sale Agreement (PSA) on its third acquisition of a non-operating portfolio in the northeast Marcellus shale play of Pennsylvania, on behalf of its investor Banpu Pcl.

Banpu Pcl is a Thailand-based coal mining and power-generation company with total assets of around US$6.6 billion.

Valued at US$16 million, the agreement was executed with Radler 2000 LP - Tug Hill Marcellus, LLC as the seller and is comprised of interests in more than 177 wells, operated by seven established Marcellus operators.

The acquisition agreement follows Kalnin's most recent transaction with Chief Exploration and Development LLC and continues Kalnin Ventures' momentum in building a scalable model of acquiring, managing, and monetizing non-operated portfolios for international entities such as Banpu Pcl.

These transactions were preceded by Kalnin Venture's March 2016 purchase of a 29.4% stake from Range Resources - Appalachia, LLC, also in the Marcellus Shale of Pennsylvania.

Once closed, Kalnin Ventures will have an interest in 215 active wells with five waiting on completion. The transactions provide Kalnin Ventures with net production to interest of more than 40 million ft3/day. "This agreement demonstrates our ability to find the attractive opportunities in a rather volatile market, and we expect to announce more transactions in 2017," said Christopher Kalnin, Managing Director and founder of Kalnin Ventures LLC. "It is exciting to see us executing on our goal of increasing core acreage in the Marcellus play. As we expand our foothold in the region, more operators are recognizing us as a potentially strong non-op partner, with ability to add value through our Big Data technology which helps to analyse and drive performance."

Shell and Anadarko Could Be Splitting Up in the Permian.  Royal Dutch Shell Plc and Anadarko Petroleum are discussing ending a 10-year joint venture in the Permian Basin of Texas and split their properties, hoping to speed up development, according to a senior Shell executive.

The split and re-parceling of acreage would let each company drill and develop new wells at its own pace in the Permian, the U.S.'s hottest development area, as crude prices hover at roughly $50 per barrel (Bbl).

Shell and Anadarko have been discussing how to proceed after the partnership agreement expires this summer and are not likely to renew it, Greg Guidry, who oversees the Anglo-Dutch group's shale business, told Reuters.

The talks come as Shell hopes to boost its North American shale output by 140,000 barrels of oil-equivalent per day (BOE/d) in the next three years, a goal that relies largely on the Permian.

Under one proposal, "we could have ideally two 100% owned and operated parcels," Guidry said. "That would be a split that will allow us to manage the flexibilities in terms of capital pace, separate of Anadarko," he said in an interview with Reuters.

A Shell spokesman told Reuters last week negotiations continue between both sides, Kallanish Energy learns. The agreement was first signed in 2007 between Anadarko and Chesapeake Energy. Shell bought Chesapeake's Permian holdings in 2012 and inherited the JV.

If the two sides do nothing, Anadarko would become the operator of the more than 350,000 acres in the Delaware Basin portion of the Permian, with a roughly 60% interest. A breakup would give Shell an opportunity to prove it can grow on its own in the largest American shale oilfield.

Anadarko CEO Al Walker said earlier this month he preferred an arrangement that would give his company majority control over the land once the JV expires, Reuters reported.

"We and Shell, I think, have an extremely attractive position in the (Permian)," he told investors on a conference call. "We think the economics are certainly compelling for us to be operator going forward."

The JV has benefited Shell more than Anadarko given that the latter has more experience in horizontal well development in the Permian, analysts at Bernstein said last month.

The funds have been budgeted and allocated.  Probably, the best news about the Atlantic Sunrise pipeline’s completion is that drilling will pick up even more. 

The Federal Energy Regulatory Commission (FERC) approved the project in early February, but approval is still needed from the Pennsylvania Department of Environmental Protection (PA DEP) and the U.S. Army Corps. Construction on the pipeline is on schedule to begin this summer, pending the receipt of these regulatory approvals.

Atlantic Sunrise Campaign- Support your industry; keep your jobs

Williams has launched an advertising campaign in Pennsylvania to highlight the significant need for the pipeline expansion. The campaign includes appearances on television, radio, newspaper and billboards. Williams Public Outreach Manager Mike Atchie says this is the first time they have done a campaign of this scale, but the effort is necessary to ensure communities understand the value of such natural gas infrastructure projects.

Williams is pushing as hard as it can to make the Atlantic Sunrise happen.

Construction is scheduled to begin later this year pending the receipt of critical approvals. 

It is important that we in the energy community do what we can to help inform the public on the great benefits associated with domestically sourced, affordable natural gas. We know the people of Pennsylvania have enjoyed the freedom of commerce derived from the gift of natural gas, lifting themselves out of poverty, unemployment and even foreclosure simply because the Earth provided this clean, domestic energy.  In fact, 80% of Pennsylvanians support the oil and gas industry.

Click the button below to tell Governor Wolf to support Atlantic Sunrise so Pennsylvanians can realize its benefits for years to come.

Clearly, Atlantic Sunrise would benefit thousands in Pennsylvania and millions throughout the Northeast; once complete, the pipeline will meet the daily energy needs of over 7 million American homes. Please take a moment to help this project come to light.

Tell Governor Wolf you support this critical project. 

Weatherford and Schlumberger Form JV.  Oilfield services firm Weatherford International and world-class oil and gas technology provider Schlumberger, last Friday announced the creation of OneStim, a joint venture to deliver completions products and services for onshore unconventional plays in the U.S. and Canada.

Under the terms of the pact, Schlumberger and Weatherford will contribute all their respective North America land hydraulic fracturing pressure pumping assets, multistage completions, and pump-down perforating businesses.

Weatherford will also receive a one-time $535 million cash payment from Schlumberger, Kallanish Energy reports.

Weatherford will contribute its multi-stage completions portfolio, regional manufacturing capability and supply chain. Schlumberger will provide access to its surface and downhole technologies, efficient operational processes and advanced geo-engineered workflows.

"The joint-venture creates a new industry leader in terms of hydraulic horsepower and multistage completions technologies in North America land which, through its scale, offers a cost-effective and highly competitive service delivery platform,” said Paal Kibsgaard, Schlumberger CEO.

“OneStim is uniquely positioned to provide customers with leading operational efficiency and best-in-class hydraulic fracturing and completions technologies, while at the same time significantly improving full-cycle shareholder returns from this market."

Schlumberger and Weatherford will have 70/30 ownership of the joint venture, respectively. Schlumberger will manage the joint venture and consolidate it for financial reporting purposes.

"The OneStim joint venture creates a leading unconventional products and services provider in North America land,” said William E. Macaulay, Weatherford’s chairman. “This transaction will allow Weatherford to deleverage its balance sheet while retaining a significant exposure to the unconventional market."

The transaction is expected to close in the second half of 2017.

Could we see the eventual purchase of Weatherford by Schlumberger?  With the need for workers and resources as the industry ramps us, this could lead to an outright purchase.

BTU Analytics Thorough Appalachian Basin Analysis.  When discussing natural gas, inevitably the conversation will gravitate towards the Northeast, the Marcellus and Utica, and where one’s thoughts lie around the plethora of opportunities (see: challenges) in producing and selling gas within and around the region.  When does Rover come online, will new pipelines fill quickly or over time, what type curve should I use when forecasting production, do we continue to see technological breakthroughs thus increasing IPs or decreasing well costs, will we ever get a new pipeline into New England?  Answers to these questions are all debatable and require a rigorous approach to the analysis and variables involved that is both highly transparent and easily digestible.

To answer these questions, BTU publishes monthly and quarterly analysis through our Northeast Gas Outlook service.  Seeing as there has been some confusion lately, it’s worth pointing out that our Northeast Gas Outlook is a paid service (we offer numerous others?? Such as regions or plays?? if the Northeast isn’t your thing).  On a monthly basis, we’re updating our clients on any changes in our expectations for in-service dates of greenfield pipelines and also our corresponding production view.  On a quarterly basis we dive into our supply / demand outlook, basis forecasts, regional and operator break evens, regional flow dynamics, and then highlight specific dynamics that are currently affecting the natural gas market and analyze them through multi-page “Spotlight” sections.  Often identified as the most valuable section of our services, the Spotlight sections provide clients with timely analysis on what matters now, and what will matter in the next 12 months. Past topics of our Spotlight sections have included:

Q1 2017

  • Rover Timing and Ramification on Markets (7 pages)
  • Production Growth Expected to be Slower with the Exhaustion of Backlog (2 pages)

Q4 2016

  • Assessing the Impact of Project Risk: Cutting Greenfield Capacity in Half (5 pages)
  • Drilling Activity Has Increased but Must Continue as Backlog Depletes (1 page)

Q3 2016

  • Appalachian Drilling Rebound Needed as Backlog Depletes (5 pages)
  • Natural Gas Power Additions Set to Surpass Current Coal Generation (2 pages)

Q2 2016 

  • Changing Transco Flow Dynamics (4 pages)
  • Effects of Current and Future Pipeline Variable Costs on NE Basis (3 pages)
  • Dry Utica Economics (2 pages)

Q1 2016 

  • Natural Gas S/D Balance Impacted by Associated Gas and Pipe Delays (3 pages)
  • Production Potential from DUCs and COBs by Breakeven (2 pages)
  • Determining the Risk of Pipeline Project Delays in Appalachia (2 pages)

If any of the above sounds like something you wish you had more information on, just click on the link below, fill out the form, and we will be happy to discuss any of our services and subscription options that are available for your company.

CLICK HERE FOR MORE INFORMATION ON BTU’S NE GAS OUTLOOK

Now Total Is Building a Cracker Plant in TX.  French oil supermajor Total said Monday it’s partnering with petrochemical giants Borealis and Nova to build a $1.7 billion ethane steam cracker and a new polyethylene unit on the Texas Gulf of Mexico Coast.

Total said the abundance of available gas in the U.S. as result of the shale revolution provides two competitive advantages for petrochemicals: access to low-cost energy to run the facilities; and competitively priced ethane feedstock.

Specifically, the joint venture, in which Total will hold a 50% interest will include: Construction of a new 1 million metric tonne per year (MTPA) ethane steam cracker in Port Arthur, Texas; and a new 625,000 tonne per year polyethylene plant, near Total’s existing 400,000 tonne per year polyethylene complex in Bayport, Texas.

The JV is expected to be established in late 2017, with the final investment decision on the new polyethylene plant made simultaneously, Kallanish Energy understands.

“After significant investments in U.S. LNG and U.S. shale gas in 2016, this almost $2 billion investment signals our determination to strengthen our presence in the U.S., where we have operated for 60 years and have more than 6,000 employees” said Patrick Pouyanné, chairman and CEO of Total.

“By joining forces with Borealis and Nova, we aim to create a major player in the U.S. polyethylene market.”

The new cracker is scheduled to start up in 2020. The engineering, procurement and construction contract (EPC) for the cracker has been awarded by Total to CB&I. 

The cracker will be built alongside Total’s Port Arthur refinery and Total/BASF existing steam cracker.

Rockwater Energy Merges with Crescent Cos.  Rockwater Energy Solutions Inc. and Crescent Cos. LLC agreed to combine in an all-stock transaction valued at $207 million, the water management service companies said March 28.

Together, Rockwater and Crescent will create one of the largest oilfield water management services companies serving key shale plays across the U.S. and Western Canada, according to the release.

Oklahoma City-based Crescent was founded in 2006 and has more than 400 employees with locations in Oklahoma, Texas, Arkansas, Pennsylvania, Ohio, New Mexico and Wyoming, the release said.

Rockwater currently provides water management services in the Permian Basin, the Midcontinent including the Scoop/Stack plays, the Bakken, Western Canada, the Marcellus and Utica basins, the Rockies and the Eagle Ford.

Holli Ladhani, president and CEO of Rockwater, views the opportunity to merge as a proactive initiative to capture market share as activity increases.

"The result is an even stronger company with more capabilities to meet the fast-paced change in our industry and to deliver value to our customers through cost-effective solutions," she said in a statement.

Ladhani will continue in her role as chairman, president and CEO. The combined company will be headquartered in Houston.

Upon closing, the combined company will retain all current members of Rockwater’s board of directors with the addition of one member, Alexander P. Lynch, partner of White Deer Energy.

When discussing natural gas, inevitably the conversation will gravitate towards the Northeast, the Marcellus and Utica, and where one’s thoughts lie around the plethora of opportunities (see: challenges) in producing and selling gas within and around the region.  When does Rover come online, will new pipelines fill quickly or over time, what type curve should I use when forecasting production, do we continue to see technological breakthroughs thus increasing IPs or decreasing well costs, will we ever get a new pipeline into New England?  Answers to these questions are all debatable and require a rigorous approach to the analysis and variables involved that is both highly transparent and easily digestible.

Complete Information about HIS PA Study.  Team Pennsylvania Foundation Co-Chairs Governor Tom Wolf and Stephen S. Tang, President and CEO of Philadelphia’s University City Science Center announce the release of the report from a comprehensive study conducted by IHS Markit. The study, Prospects to Enhance Pennsylvania’s Opportunities in Petrochemical Manufacturing, forecasts $2.7 to 3.7 billion in investments in natural gas liquid (NGL) assets as well as the opportunity to attract additional cracker plants, and petrochemical and plastics manufacturing.

“Pennsylvania has a once-in-a-generation opportunity to develop and implement a strategy that will cultivate a manufacturing renaissance and transform our economy across the Commonwealth,” said Governor Wolf. “The foundation for building a diverse and robust petrochemical and plastics industry was initiated with the decision by Shell Pennsylvania Chemicals to invest in Pennsylvania – and we must ensure that we make the most of this chance to create good paying jobs for Pennsylvanians.”

According to the study, natural gas from the Marcellus and Utica Shale reserves accounted for a quarter of all natural gas produced in the U.S. in 2015, and is expected to account for more than 40 percent by 2030. Additionally, 40 percent of the natural gas produced is rich in natural gas liquids, or NGLs, more than 70 percent of which is ethane and propane. Ethane and propane are two important and high-value NGLs used in basic petrochemical production and plastics manufacturing.

Pennsylvania has a significant base of existing plastics manufacturers as potential customers which IHS noted will benefit from significant reductions in feedstock costs because of their close proximity to these resources.

“The prospect that the Marcellus and Utica Shale plays can support up to four additional ethane crackers beyond Shell Pennsylvania Chemicals is an exciting opportunity for the commonwealth, as is the IHS forecast that a coordinated strategy has the potential to leverage up to $3.7 billion in investment into NGL assets alone for gas processing facilities, NGL pipelines and storage facilities,” said DCED Secretary Dennis Davin. “The study is a roadmap that will help us jump start our strategy to attract that investment.”

Davin noted the following key priorities: proactively engaging stakeholders to bring the right decision-makers and resources to the table; attracting additional infrastructure investments and petrochemical and plastics manufacturers, as well as retaining and growing Pennsylvania’s existing industry; developing pad-ready sites throughout the state to encourage investment opportunities; streamlining the development timeline and addressing potential critical infrastructure bottlenecks; and training a workforce with the right skill sets to fill future jobs created by the industry.

“The Team Pennsylvania Foundation and our board sponsored the IHS Markit study in partnership with DCED to help Pennsylvania maximize the in-state economic benefits of our natural gas resources by generating new, high-paying manufacturing jobs; attracting investment; growing the supply chain and output in the plastics sector; and generating state and local revenue,” said Ryan C. Unger, President and CEO of the Team Pennsylvania Foundation. “We look forward to participating in the strategic planning process as part of a cross-agency and multi-stakeholder effort to ensure that our natural resources are utilized to create jobs right here in Pennsylvania.”

In addition to Pennsylvania’s abundant supply of low-cost natural gas and NGL resources, the study also cited that Pennsylvania’s other competitive advantages – including location and close proximity to customers, existing plastics manufacturing base, robust transportation infrastructure and experience with Shell – position Pennsylvania to successfully advance this economic opportunity.

IHS Markit (Nasdaq: INFO) is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 key business and government customers, including 85 percent of the Fortune Global 500 and the world’s leading financial institutions. 

Download a copy of the IHS report and the executive summary and visit DCED’s website at dced.pa.gov for more information on Pennsylvania’s natural gas industry and the Shell project.

To produce ethaline for the cracker plants in the aforementioned study supporting four (4) PA cracker plants drilling activity must increase in PA.  More than ever pipelines are needed to move the gas to market.  Voice your support of energy in PA, contact Gov. Wolfe!  

Click the button below to tell Governor Wolf to support Atlantic Sunrise so Pennsylvanians can realize its benefits for years to come.

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Rig Count 

  • Baker Hughes Rig Count the week of March 31, 2017
     
  • PA     
    • Marcellus 33 unchanged
  • Ohio 
    • Utica 21 unchanged
  • WV 
    • Marcellus 11 unchanged
  • TX
    • Eagle Ford 73 up 1
  • TX & NM
    • Permian Basin – 319 up 4
  • ND
    • Williston – 42 down 1
  • CO
    • Niobrara – 23 down 2
       
  • TOTAL U.S. Land Rig Count 798 up 11

PA Permits March 23, to March 30, 2017

       County     Township    E&P Companies

1.    Butler        Adams        Rex

OH Permits for week March 25, 2017

      County        Township      E&P Companies

1.    Belmont        Washington  Gulfport
2.    Belmont        Goshen        Rice
3.    Belmont        Goshen        Rice
4.    Belmont        Goshen        Rice
5.    Belmont        Goshen        Rice
6.    Belmont        Goshen        Rice
7.    Belmont        Goshen        Rice
8.    Belmont        Richland    XTO

Joe Barone jbarone@shaledirectories.com 610.764.1232
Vera Anderson vera@shaledirectories.com 570.337.7149

DUG Technology