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ShaleDirectories.com Visiting Wells Sites

We are committed to helping oil and gas workers find businesses easily from the well, on the road, in the office and even at home.

To continue to monitor the needs of the oil and gas industry, we’ve spent the last two weeks visiting wells sites in Lycoming, Bradford, Tioga, and Indiana counties. We visited 11 well sites in all. Comments from our visits:

  • “We need to watch our costs.” We are being told by the company men on the rigs they need to revisit their vendor lists.
  • “We want everyone to make money (off the shale play) just like us; but we know there’s some unfair pricing.” As the result of “unfair pricing,” company men are looking for alternative vendors.
  • “We like to see natural gas to be at least $5/ but with gas as low as it is we need to watch all our costs and that starts with our vendors.”

With that the company men looked at ShaleDirectories.com for alternative vendors to use on the site.

What we learned:

  • Most companies have been directed by senior management to re-evaluate all of the vendors pricing and performance. This will be an opportunity for companies that may have missed the out when the industry started in PA to tap into the industry
  • Safety is more important than ever. As you all know, oil and gas companies cannot afford to have an incident. Consequently, safety performance by vendors and sub-contractors is under considerable scrutiny.
  • The Bottom Line. If you company has fair pricing and an outstanding safety record. The oil and gas companies probably want to know about your company.

The latest facts form the Marcellus and Utica Shale

  • Consol Energy drilled 17 wells in the Marcellus Shale the second quarter of this year. We know Consol has stated that it will drill 14 wells in the Utica Shale in 2012. We’ll be looking for information about projected wells to be drilled in the Marcellus Shale.
  • BP is advancing a plan to acquire seismic surveys and prepare a development plan and survey lands for initial wells to be drilled next year. BP purchased the leases for 80,000 acres in Trumbull County, OH in March.
  • Caiman Energy is looking to the Utica Shale with plans to build $800 million in natural gas pipelines and other infrastructure in Ohio and Pennsylvania.

 

  • Rigs count for the July 13 reporting week. Rig counts have remained constant.
    • PA Marcellus 73 rigs – down 1 from the previous week
    • PA Utica 5 rigs – up 1 from the previous week
    • Ohio Utica 19 rigs – up 1
    • WV Marcellus 27 rigs – unchanged

With all this activity, call us to give your business a presence on well sites.


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

M5 Properties