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NewsLetters

  • Permit Activity. 
    • PA – 57 permits in the last two weeks; there seems to have been a reporting error last week.  Considerable permitting in Bradford, Susquehanna and Washington counties
    • OH – 12 permits; Carroll and Harrison Counties continue to be the hotbeds of activity
  • Expo activity.
    • WV Oil and Gas Expo – October 2 in Morgantown, WV.  http://www.wvoilandgasexpo.com/registration.php Come visit us @ booth #4.
    • Cabot Sporting Clay – Hidden Hallow  Sporting Clays in Friendsville, PA on Friday, Oct 4 from 8 am to 2:30 pm
      http://www.eventbrite.com/event/7750352513/mcivte
    • Utica Summit 2014 – October 23 in Canton, OH. Join us at Utica Summit 2014, a summit of business leaders to envision a future where natural gas is a competitive transportation fuel, and where manufacturing, plastics and chemicals grow in an environment rich with Utica energy.
      www.uticasummit.com
  • Advertising in Facts & Rumors – due to many inquiries, 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

  • Chesapeake Observation – my perspective.  As many of you know there have been a number of layoffs at Chesapeake.  In the Marcellus and Utica Shale region, it seems a number of layoffs were community outreach and PR personnel.  There may have been more in other job titles.  I am just not aware of them. 

    Gas Business Briefing reported that Chesapeake CEO Greg Lawler acknowledged 86 “separations” (Chesapeake’s wording) of former employers.  I assume that could mean vendors, but I do not know.  If it is vendors, it could mean opportunities for some local companies.

    From the layoffs and “separations,” it could seem that Chesapeake is pulling back from its activities in the Marcellus and Utica Shale.  Quite the opposite is true.  In the last 6 weeks, Chesapeake has been the #1 permitting E&P company in OH.  During the same time period, Chesapeake has been securing a few permits, but in this week’s report, Chesapeake was the #1 permitting E&P company in PA with 11 permits.

    Lawler seems to keep everyone’s head down and solely focusing on production.
  • Additional rigs coming from small E&P companies.  Rigzone is reporting that the additional rigs coming in the Northeastern part of the U.S. are coming from smaller E&P companies.

    Just looking at the permitting information weekly, you can see new companies securing permits.  For instance this week, there a few new companies – E M Energy and E M Energy OH, HG Energy, Triana and Cameron Energy
     
  • Aubrey McClendon’s looking to move into Monroe and Noble Counties, OH.  American Energy Partners are running ads in the local newspaper looking to lease land.
  • Shell cracker plant a step closer. The Keystone Opportunity Expansion Zone on the site of Shell Oil Co.’s proposed $2.5 billion petrochemical plant is now a reality.

    The Potter Township Supervisors passed two ordinances regarding the KOEZ Wednesday, the final piece of the KOEZ puzzle.

    Both Central Valley School District and the Beaver County Commissioners already approved the KOEZ. The state issued its approval last year after Shell expressed interest in the site, the current home of the Horsehead Corp. zinc smelter.

    While the KOEZ doesn’t mean Shell is definitely moving in, it's certainly another step in the right direction, officials said.

    We might see that announcement before Thanksgiving.
     
  • Anadarko putting more emphasis on the Eagle Ford.  Anadarko is pulling two rigs out of PA and will be sending them to TX. (Rumor) 

    We know a small producer would like to acquire some of Anadarko’s leases.
  • Top 6 PA producing counties.  New records released by the Pennsylvania Department of Environmental Protection on Friday revealed over 85% of state's shale gas production is now coming from just 6 of the 67 counties that make up Pennsylvania which are Bradford, Tioga, Susquehanna, Lycoming, Washington and Greene.
  • ExxonMobil bullish on ethylene and LNG.  For ExxonMobil Chemical Co. President Stephen Pryor two key markets that can’t be forgotten in the natural gas discussion are chemicals and liquefied natural gas (LNG).

    The market for ethylene is growing — ethylene is made from ethane which can be pulled out of “wet” natural gas, like that found in Southwest Pennsylvania and it is used as a raw material for plastics — as is the market for LNG, particularly in overseas markets.

    “Since most of this (LNG) demand growth is outside the U.S. this presents an outstanding opportunity to boost America’s exports. If U.S. producers and the nation as a whole will make the most of shale resources investments in petrochemicals and LNG must be allowed to move ahead,” he said.

    ExxonMobil owns XTO Energy.
  • Out of Office Obama cabinet members praise fracking and natural gas. Two former high-profile members of President Obama's cabinet are reassuring the public that hydraulic fracturing —fracking — is a safe technology for extracting oil and natural gas.

    "This is something you can do in a safe way,” former Secretary of Energy Steven Chu said while speaking in Columbus, Ohio, on Sept. 18. He also said that it was a “false choice” to say that the country can either preserve the environment or acquire cheap natural gas.

    “I would say to everybody that hydraulic fracking is safe,” Salazar said during a conference in Las Cruces, N.M. He said that fracking was “creating an energy revolution in the United States.”

    Chu and Salazar joined current Secretary of Energy Ernest Moniz, who in early September praised fracking as “a big contributor to our carbon reduction” and “a huge economic benefit.”

    Where were these comments when Chu and Salazar were in the cabinet?  Do you think they are looking for opportunities in the oil and gas industry?

Rig Count

  • Baker Hughes Rigs count for the September 20 reporting week.  
    • PA Marcellus 49 rigs – down 4
    • PA Utica 1 rig – unchanged
    • Ohio Utica 35 rigs – up 1
    • WV Marcellus 37 rigs  – up 1

PA Permits for September 13 to September 26, 2013

    County               Township          E&P Company

1. Beaver                Greene             Chesapeake
2. Bradford             Albany               Chesapeake
3. Bradford             Albany               Chesapeake
4. Bradford             Asylum               Chief
5. Bradford             Asylum               Chief
6. Bradford             Asylum               Chief
7. Bradford             Asylum               Chief
8. Bradford             Asylum               Chief
9. Bradford             Herrick                Southwestern
10. Bradford           Herrick                Southwestern
11. Bradford           Herrick                Southwestern
12. Bradford           Leroy                   Chesapeake
13. Bradford           Standing Stone   Chesapeake
14. Bradford           Standing Stone   Chesapeake
15. Bradford           Stevens               Southwestern
16. Bradford           Terry                    Chesapeake
17. Bradford           Terry                    Chesapeake
18. Bradford           Tuscarora             Chesapeake
19. Bradford           Ulster                   Chesapeake
20. Butler               Oakland                E M Energy
21. Butler               Oakland                E M Energy
22. Butler               Oakland                E M Energy
23. Butler               Oakland                E M Energy
24. Greene             Center                  Alpha Shale Res
25. Greene             Center                  Alpha Shale Res
26. Greene             Center                  Alpha Shale Res
27. Lycoming          Cogan House       Anadarko
28. McKean             Bradford              Triana
29. Susquehanna   Auburn                Chesapeake
30. Susquehanna   Brooklyn              Cabot
31. Susquehanna   Jessup                 Cabot
32. Susquehanna   Jessup                 Cabot
33. Susquehanna   Lenox                  Chief
34. Susquehanna   New Milford          Southwestern
35. Susquehanna   Springville            Cabot
36. Susquehanna   Springville            Chief
37. Susquehanna   Springville            Chief
38. Susquehanna    Springville           Chief
39. Susquehanna   Springville            Chief
40. Susquehanna   Thompson            Southwestern
41. Susquehanna   Thompson            Southwestern
42. Tioga                Gaines                  Ultra Res
43. Warren             Sheffield               Cameron Ener
44. Washington      Donegal               Chesapeake
45. Washington      Donegal               Range
46. Washington      Fallowfield            Rice
47. Washington      Fallowfield            Rice
48. Washington      Fallowfield            Rice
49. Washington      Fallowfield            Rice
50. Washington      Fallowfield            Rice
51. Washington      Morris                  CONSOL
52. Washington      Morris                  CONSOL
53. Washington      Morris                  CONSOL
54. Washington      Morris                  CONSOL
55. Washington      Morris                  CONSOL
56. Washington      West Finley          Range
57. Washington      West Finley          Range

OH Permits – week ending September 21, 2013

     County         Township          E&P Companies

1. Carroll              Union              Chesapeake
2. Carroll              Union              Chesapeake
3. Carroll              Union              Chesapeake
4. Carroll              Washington    Rex
5. Carroll              Washington    Rex
6. Columbiana      Hanover         Chesapeake
7. Guernsey         Washington    Carrizo
8. Harrison           North              Chesapeake
9. Harrison           North              Chesapeake
10. Harrison         North              Chesapeake
11. Monroe          Washington    HG Energy
12. Washington   Salem             E M Energy OH

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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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