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

  • Drilling in the Meadville, PA area.  Kastle Resources Enterprises is in Crawford County; Shell has two rigs there.   Hilcorp Energy has one in Lawrence County. In Portage County Ohio, Mountaineer Keystone LLC has one rig.
  • DTE, Enbridge and Spectra to Develop Utica Gas Pipeline.  These companies will spend $1.2 to $1.5 billion to build pipelines to the Midwest and Canada from Ohio.
  • Many more shale wells will need to be drilled.  John Hofmeister, the former chief of U.S. operations for Shell, is challenging current thinking on production in shale.  Mr. Hofmeister said he believes forecasts also understate the "decline" rate of shale fields. The hydrocarbons tend to flow robustly in the first months of drilling, then decline before plateauing at lower levels.   To sustain growth, companies will need to drill many wells at a rate "beyond the capacity of the industry as currently defined," he says. "Those who ballyhoo oil shale and say that this will take care of us—no, it won't," says Mr. Hofmeister.
  • Carrizo drilling Utica Shale well in Mercer County. Carrizo is drilling its first Utica Shale well in Mercer County, PA.  The well is on South State Line Road, Greenville, PA.
  • Permitting is moving to some of the Western PA counties.  PA August permits by county

County          # of Permits
Bradford            29
Washington       25
Lycoming           15
Susquehanna    15
Forest                 9
Sullivan               8
Butler                  6
Allegheny            5
Armstrong           5
Cameron             4
Greene                4
Potter                  4
Venango              2
Clarion                 1
Centre                 1
Lawrence             1

  • At the Youngstown EXPO on September 6 it was announced the following companies plan to set up locations in OH:
    • Schlumberger – Tuscarawas County
    • Exteran – Mahoning County
    • BP – Trumbull County
    • Halliburton – Muskingum
    • TOTAL, France’s national oil company – in eastern OH
  • Baker Hughes Rigs count for the September 7 reporting week.  Rigs are declining in PA and the continue to inch up in WV
    • PA Marcellus 59 rigs – down two from the previous week.
    • PA Utica 3 rigs – Unchanged
    • Ohio Utica 18 rigs – unchanged
    • WV Marcellus 27 rigs – down 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

 

Utica Summit 2019