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Natural Gas Prices Rising

Natural Gas Prices are at the highest level in 6 months.  If you have not been looking, natural gas prices are now over $3 and could be headed to $8 according to  I strongly suggest you read the article in order to prepare your company for the upcoming surge in oil and gas drilling.

Four companies looking at WV for cracker plant

Secretary of Commerce Keith Burdette says three companies are looking at West Virginia as a potential site for a cracker plant.

Burdette says state officials are in talks with the companies. He's signed non-disclosure agreements with all three.

Media outlets report that Burdette discussed a fourth company after a speech last Monday.

The latest facts and a rumor from the Marcellus and Utica Shale

• The Herald-Star reports that Hess Energy will open its Steubenville field office next week.  Hess Energy is focusing on Guernsey, Belmont, Jefferson and Harrison counties in eastern Ohio. It has about 75,647 acres leased.  It has three drilling rigs working in the Utica shale and expects to have 10 wells completed by Dec. 31.
• Chesapeake has selected Louisville, OH for its regional operations.  Louisville is a small town that borders Canton, OH
• GE is looking for space in Canton, OH
• Range Resources is drilling its first Utica Shale well in Crawford County PA
• NY may be issuing permits for horizontal drilling in August or September.  It looks like the major players in NY could be Shell and XTO/Exxon. (rumor)

• The top five natural gas producers in PA (Thank you, Pittsburgh Business Times)
1. Chesapeake Energy
2. Talisman Energy 
3. Cabot Oil & Gas
4. Range Resources
5. EQT Energy

• Baker Hughes Rigs count for the July 20 reporting week.  WV experiencing a slight decline
o PA Marcellus 73 rigs – unchanged from the previous week
o PA Utica 5 rigs – unchanged
o Ohio Utica 18 rigs – down 1
o WV Marcellus 24 rigs – down 3

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

Joe Barone 610.764.1232
Vera Anderson 570.337.7149

Utica Summit 2019