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NewsLetters

  • Permit Activity. 
    • PA – 18 permits; Susquehanna continues to be hot spot
    • OH – 2 permits; big drop off in OH permitting
  • Oil and Gas Seminar in Columbus, OH on September 12th  with Gulfport Energy and Caiman Energy; contact me for details
  • Expo activity.
    • PIOGA Expo August 27 & 28 in Monroeville.  Visit us at booth #501 which is same both we’ve had the last 2 years.
    • Great Lakes Truck Expo – September 18 & 19 in the new Cleveland Convention Center. Learn about converting your fleet to LNG or CNG.  See the latest technology for LNG and CNG conversions. https://gltexpo.theregistrationsystem.com/en/1723
    • PA Energy Games – September 7 in Lycoming County PA.  Click to register, sponsor and become a part of the event http://energy.adverteria.com/sponsorship.html
  • Advertising in Facts & Rumors – because of the strong demand, we have decided to accept advertising in Facts & Rumors.  Our newsletter goes to over 2500 businesses in the oil and gas industry in the Marcellus & Utica Shale region.  If you are interested in placing a banner ad in the newsletter, please contact me

Latest facts and a rumor from the Marcellus and Utica Shale

  • A bullish winter for Natural Gas (Thank you Seeking Alpha). A startling prediction that the world would enter a mini-ice age in 2014 was made in 2010 by Russian scientist Dr. Habibullo Abdussamatov, head of space research at Pulkovo Astronomical Observatory in St. Petersburg, Russia. His prediction was that sun activity would enter another Grand Minimum was made at the Heartland Institute's Fourth International Conference on Climate Change. The famous Maunder Minimum was a period of very low sunspot activity between AD 1645 to AD 1715. It occurred in the heart of what is known as the Little Ice Age. NASA defines the Little Ice Age as a period of global cooling between AD 1550 to AD 1850.

    Sunspot activity has been below normal since Dr. Abdussamatov's prediction in 2010. Solar Cycle 24, the current Cycle which began in 2000, is believed to have the weakest amount of sunspot activity since Solar Cycle 14. While the sun is a key variable in global temperatures, it is not clear whether or not sunspot activity will remain below normal. It is also difficult to know how big an influence the solar cycles will have versus the increase in man-made CO2 emissions. Dr. Abdussamatov is predicting sunspot activity will remain very low and therefore the sun will dominate global temperatures in the coming century.

    Interestingly, according to Andrew at The Weather Centre Blog, the measured temperatures in the Arctic this summer are the lowest measured since 1958 when modern temperature measurements began.
  • 18 wells on one well pad.  Magnum Hunter Resources Corp. has spudded the first well on its Stalder pad in eastern Monroe County, Ohio. The pad has been designed and permitted to drill as many as 18 wells, 10 to the Marcellus shale and eight to the Utica shale, using the company’s new Schramm T500XD robotic drilling rig.
  • Halcon active in PA.  Halcon Operating Co., a division of Halcon Energy Corp., continues brisk permitting activity in western Pennsylvania, according to records provided by the Pennsylvania Department of Environmental Protection.

    The Pennsylvania DEP shows that Halcon was granted in August five new permits for horizontal wells in Mercer County.

    Four of those wells are located in Otter Creek Township at the Reges pad, records show. A fifth well permit, issued on Aug. 12, is slated for the Phillips property in West Salem Township.
  • McClendon back in the Utica.  Aubrey McClendon is back with a mission and prowling Ohio’s Utica shale. The wildcatting landman and former CEO of Chesapeake Energy has tapped his deep-pocketed pals and raised $1 billion to buy up at least 50,000 acres (and perhaps more than 70,000 acres) in Ohio’s Utica shale.

    According to a story in Upstream newspaper,  McClendon’s American Energy Partners put up the high bid for 50,000 acres offered by Shell in the Ohio portion of the Utica. A Shell spokeswoman says the company has no comment to add to the speculation and rumors.

    McClendon is also thought to have acquired 22,000 acres of Utica acreage from EnerVest, one of Chesapeake’s partners in Ohio, for more than $250 million. EnerVest disclosed the deal here, but did not mention McClendon or AEP.

    McClendon’s coming back to the Utica will certainly increase the drilling activity level.  A couple of things to remember about McClendon are that he seems to know how to access funding and he knows the Utica Shale region. 

    I’m sure a number of you are aware of the staff reductions at Chesapeake.  Some of these people are returning to Chesapeake.   Additionally, AEP is advertising heavily in Oklahoma City.  I’ve heard that some people are leaving Chesapeake and moving to AEP.  It’ll be interesting to see how this unfolds.  We’ll keep you in the loop.
  • The hiring environment will more competitive.  Companies operating in the Marcellus and Utica Shale region say it's been a challenge to fill openings in engineering, geology, environmental health and other professional fields.

    A gas drilling-industry trade group released a workforce survey Wednesday of more than 100 of its members. The survey indicates that about half of the industry's new hires in 2012 were equipment operators or work in operations and maintenance. Companies say professional and management jobs are the most difficult to fill. The companies that took part in the survey say they plan to add 4,000 jobs in 2013.


Rig Count

  • Baker Hughes Rigs count for the August 16 reporting week. 
    • PA Marcellus 49 rigs – unchanged
    • PA Utica 2 rigs – unchanged
    • Ohio Utica 36 rigs – up 1
    • WV Marcellus 37 rigs  – down 1

PA Permits for August 15 to August 22, 2013

    County              Township          E&P Company

1. Bradford             Herrick               Southwestern
2. Bradford             Herrick               Southwestern
3. Bradford             Herrick               Southwestern
4. Butler                 Butler                 XTO (Exxon)
5. Butler                 Butler                 XTO (Exxon)
6. Butler                 Butler                 XTO (Exxon)
7. Lycoming            Upper Fairchild   Inflection Energy
8. Lycoming            Gamble               Inflection Energy
9. Susquehanna     Franklin              WPX Energy
10. Susquehanna   Franklin              WPX Energy
11. Susquehanna   Franklin              WPX Energy
12. Susquehanna   Franklin              WPX Energy
13. Susquehanna   Franklin              WPX Energy
14. Susquehanna   Hartford             Cabot
15. Susquehanna   Hartford             Cabot
16. Susquehanna   New Milford        Southwestern
17. Susquehanna   New Milford        Southwestern
18. Susquehanna   New Milford        Southwestern

 OH Permits – week ending August 17, 2013

    County          Township    E&P Companies

1. Carroll            Perry           Chesapeake
2. Columbiana    Hanover      Chesapeake

The second half of 2013 is going to be active.  Become a member of ShaleDirectories.com to tap into this future growth.

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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