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NewsLetters

The last week’s PIOGA conference and expo was viewed as successful by a number of exhibitors which reinforces my premise that “local networking” can be as beneficial for local companies as dealing directly with a producer or major service company like Halliburton, Baker Hughes, Schlumberger, etc.


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

  • Based on discussions at PIOGA with a number of suppliers to the natural gas industry in PA, there is more activity which could lead to increased drilling in the 4th quarter 2012 or early 2013. (Rumor)
  • Houston-based Hilcorp Energy Co. aggressively pursued leases in eastern and southern Mahoning County. Out of 444 leases signed by Hilcorp in Mahoning, all but 11 of them were filed in 2012 and it is considering its options for opening an office in either Ohio or Pennsylvania.
  • Dominion Project to Alleviate WV, PA Bottleneck Comes Online. FERC Friday gave Dominion Transmission Inc. (DTI) the go-ahead to place into service its Appalachian Gateway pipeline, which will loosen a bottleneck to allow for the transportation of shale and conventional natural gas production from West Virginia and southwestern Pennsylvania to growing markets in the Mid\Atlantic and Northeast. The facilities were to begin service on Saturday (Sept. 1).
    Williams plans to invest $1.34 billion and create 100 jobs between now and 2014 in West Virginia's Northern Panhandle to take advantage of unconventional natural gas growth. Between now and 2014 Williams plans to spend $9.8-11.3 billion in North American growth projects, mostly in the Marcellus Shale, where demand for takeaway capacity from producers continues to grow.
  • Chesapeake at a meeting with landowners in Towanda, PA last week informed them that rig count in the area is down as it pursues more wet gas areas. It does anticipate rigs to return to the area in due time once the price of natural gas rebounds. In the meantime, Chesapeake will have five rigs in the area.
  • Baker Hughes Oilfield Services finally closed this month on a multi-million-dollar purchase of 108.8 acres at the Northeast Ohio Commerce Park. Baker Hughes may break ground on its Utica shale gas operations hub in Massillon before the year ends.

Top 9 well operators in PA
Operators
# of wells
Chesapeake 1355
Range 822
Talisman 793
Anadarko 418
Atlas (Chevron) 398
EQT 376
Cabot 368
Chevron Appalachia 315
EOG Resources 295

  • Baker Hughes Rigs count for the August 31 reporting week. Rigs are declining in PA and they continue to inch up in WV
    • PA Marcellus 61 rigs – down one from the previous week.
    • PA Utica 3 rigs – down one
    • Ohio Utica 18 rigs – up 1WV Marcellus 28 rigs – up 1

Call us to give your business a strong presence on the well site, on the pipeline and on the road.

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

Midstream PA