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

  • Baker Hughes starting in Massillon. Baker Hughes will build a temporary cement plant in the first phase of Baker Hughes Oilfield Operations Utica Shale regional hub in the Northeast Ohio Commerce Park.
  • Exxon Mobil is making a bigger play in shale.  Exxon Mobile announced it had reached an agreement with Denbury to buy the latter’s Bakken field assets for $1.6 billion and two of Exxon’s own fields in Wyoming and Texas.
  • Utica Shale maps by producer.  Here’s a good map which provides updated Utica Shale Drilling permits & activity by producer.  The maps are from ODNR was updated September 17, 2012.  Thank you ODNR
  • Stone Energy maintains drilling levels.  Barclay stated that to date, Stone Energy has drilled 55 Marcellus Shale wells, of which 25 are online and producing an approximate 56 million cubic feet of natural gas daily. Although they will be using only one drilling rig in the Marcellus region because of its efficiency, they possess another 200 drilling location in Marcellus/Utica wet gas areas.
  • Possibly more ethane cracker plants in the Ohio River Valley. PA Community and Economic Development Secretary C. Alan Walker hints that other major energy companies have had conversations with PA about building ethane cracker plants.  He stated that if the Shell cracker plant in Beaver County, PA is successful, there will be more activity in Ohio River corridor.
  • CNX drilling in Mahoning County, OH. CNX Gas is set to start drilling the third Utica shale well in Ohio's Mahoning County.  It is in the Meander Reservoir watershed west of Youngstown. The reservoir provides drinking water to 300,000 people in and around Youngstown.
  • Natural Gas is going overseas.  Japan’s largest utility company is looking to buy liquefied natural gas from North America, according to the San Antonio Business Journal. Tokyo Electric Power Co. is in negotiations to buy LNG in an effort to reduce the country’s dependence on nuclear power, following last year’s Fukushima nuclear power plant disaster. Four Japanese companies already have deals in place to buy shale gas from North America, the newspaper reports. Ohio’s Utica shale play makes it an important player in the industry. The U.S. government must approve any definitive agreement for Tokyo Electric to buy liquefied natural gas, the newspaper reports.

Canton OH Seminar Featuring Chesapeake Energy and Chevron.

Canton, Ohio October 9, 2012

Ohio businesses should attend the upcoming seminar in Canton Ohio on October 9th.  OOGA, and the Canton Regional Chamber of Commerce will be presenting its third Oil and Gas Business Development seminar which will feature Mark Matusick, from Chesapeake Energy, who will review Chesapeake’s activity in Ohio and Chevron for the first time will provide an overview of its activity in Ohio along with its safety culture.

Click Here for seminar information.

Baker Hughes Rig Counts

  • Baker Hughes Rigs count for the September 21 reporting week.  Turnaround in the PA rig count.  OH and WV rig counts continue to inch up.
    • PA Marcellus 62 rigs – up four from last week
    • PA Utica 3 rigs – Unchanged
    • Ohio Utica 19 rigs – up one
    • WV Marcellus 28 rigs – up one

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

Joe Barone 610.764.1232
Vera Anderson 570.337.7149

Northeast Supply Enhancement