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We need help in WV.  If you have not noticed, we do have any info on permits or wells in WV.  In spite our relentless searching, we have not been able to find any reliable information.  We ask any of you that may have information on permits or wells in WV please share it with us.  I’m sure we and our  readers will appreciate it.

Warrior South is in Noble, Guernsey, and Belmont Counties.  Last week, we reported that Rex Energy had leased land would be drilling in Warrior South.  I thought it was in Carroll County, but two of our readers were kind of enough to me that Warrior South is in the Noble, Guernsey and Belmont Counties.

Latest facts and a rumor from the Marcellus and Utica Shale

  • Now NY wells have been identified.  The first Marcellus wells to be drilled in New York State have been identified.

    But this doesn't necessarily mean fracking is going to be approved in the Empire State.

    The New York Department of Environmental Conservation recently updated their "notices of intent to issue well permits" web page.

    In the list of well permits they "intend" to issue, are 43 Marcellus shale wells and 1 Utica shale well.

    There's only one problem --- a statewide moratorium on Hydro-fracking... the process used to drill in the Marcellus Shale... has now been in effect for 4 years, 6 months and 28 days.

    I doubt if there will be drilling in NY in 2013.  Can anyone give me a reason to think otherwise?\

  • What we are bringing to America’s energy future.  The US Energy Information Administration (EIA) is the arm of the Department of Energy (DOE) that collects and analyzes statistical energy data and provides this information for sound policymaking, efficient markets, and general understanding of energy and its role in the world.  An Annual Energy Outlook (AEO) report is issued that reviews factors, trends and outlooks that may shape the US energy markets through the next few decades.  Major highlights of the report discuss the following trends based on current laws and regulations remaining generally unchanged throughout the projection period:
  1. Crude oil production, particularly from tight oil plays, rises sharply over the next decade – with continuing improvement of crude oil technologies, domestic supplies are expected to increase before declining gradually about 2020 as the sweet spots are developed before moving to less productive or less profitable areas.
  2. Natural gas production is expected to be higher than reported in last year’s Outlook, with natural gas being used more in the industrial and electric power sectors and in exportation – while natural gas will be used more in electricity generation, power plant consumption won’t increase as sharply due to new plants being more efficient.
  3. Motor gasoline consumption is expected to be lower due to more stringent corporate average fuel economy standards, but diesel fuel consumption is moderated by increased use of natural gas in heavy-duty vehicles.
  4. US exports of natural gas expected to be more than projected in last year’s Outlook – due to dry natural gas production increasing and outpacing domestic consumption.
  5. Industrial production expands in response to the initial competitive advantage of low natural gas prices – strong shale gas production and lower natural gas prices lower costs of raw materials and energy for production through 2025.
  6. Renewable fuel use grows at a much faster rate than fossil fuel use
  7. With improved efficiency of energy use and the move toward lower-carbon fuels, CO2 emissions may be 5% below their 2005 level through the year 2040.
  • Japan want U.S. LNG  Japanese Prime Minister Shinzo Abe will ask U.S. President Obama to allow shale gas exports as the world’s third-largest economy grapples with soaring energy costs after 2011’s nuclear disaster closed reactors.

    Japanese Prime Minister Shinzo Abe wants Obama to share the benefit of surging output from shale fields, which has depressed the cost of U.S. gas to about 20 percent of Asian prices, by approving export terminals.

    The switch from nuclear to gas-fired generation after the accident at Fukushima forced Japan to increase LNG imports 11 percent last year. Some U.S. politicians oppose shipments overseas because the lower energy costs are making manufacturers more competitive, helping to create factory jobs
  • Chesapeake will rig count consistent.  The company is operating 14 drilling rigs in Ohio and plans to average 14 rigs in 2013. It said it expects production growth from the Utica shale to jump significantly this year with the completion of two natural gas-processing complexes other companies are operating in eastern Ohio.

    We had heard a rumor that Chesapeake could have 20 rigs in Ohio by the end of the year.  It doesn’t look that Chesapeake will be adding to its rig count which understandable considering all the corporate changes.
  • Support LNG  http://energynation.org/action/export-lng/?goback=.gde_4099374_member_215144026

Baker Hughes Rig Counts

  • Baker Hughes Rigs count for the February 15 reporting week. 
    • PA Marcellus 69  rigs – up 6
    • PA Utica 3 rigs – 0 unchanged
    • Ohio Utica 28 rigs – up 1
    • WV Marcellus 23 rigs  – up 1
  • Seeing an uptick of Oil&Gas rigs in the following location
    • PA – Forrest and Westmoreland Counties, one (1) each
    • OH – Guernsey 1, Monroe 2, Portage 1, Coshocton 1, Columbiana 1, Harrison 3, Trumbell 1, 
    • Belmont, Noble 2
    • WV – Harrison 1, Wetzel 1, Marshall 1 Dodd-Ridge 1

Take advantage of a bullish 2013 and become a ShaleDirectories.com member.

Joe Barone jbarone@shaledirectories.com 610.764.1232
Vera Anderson
vera@shaledirectories.com 570.337.7149
Andrea Bagnell
andrea@shaledirectories.com 610.256.1898

 

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