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NewsLetters

  • Permit Activity.
    • PA – 35 permits; EQT is very active along with Range and Chesapeake
    • OH –1 permit; what’s not going on in OH?

 

  • Expo/Event activity
    • Marcellus-Utica Midstream Conference and exhibition is scheduled January 28-30, 2014, at the David L. Lawrence Convention Center in Pittsburgh, PA. With more than 1,500 attendees and almost 200 exhibitors and sponsors, the Marcellus-Utica Midstream conference is Appalachia's premier midstream event. Each year key decision makers and stakeholders from the financial community, producers, pipeline operators, contractors, and service providers gather to review metrics and options at the Marcellus-Utica Midstream conference. Come to the Marcellus-Utica Midstream to hear the latest on the Appalachian Basin's rapidly evolving infrastructure, its impact on regional and national economies, and the outstanding business opportunities it presents.


Make plans to attend today! Learn more and register at www.marcellusmidstream.com.

Visit member booths at the midstream conference

  • ShaleDirectories.com #725
  • Enerfab #712
  • Beaver Excavating #314
  • Kelchner #713
  • H&H Enterprise #405
  • PPC Natural Gas Solutions #317

The 2013 Northeast Oil & Gas Awards Finalists are Announced

With an unprecedented number of entries received for the Northeast region in the Oil & Gas Awards this year, the organizers are pleased to announce the finalist companies selected by the judges as best in class for the Northeast region.

The Oil & Gas Awards will be holding the “Conference for Excellence” during the day of the gala dinner. The Conference for Excellence will provide a fantastic opportunity for selected finalists to speak on matters important to their business and to the industry. Professionals attending the conference will have further opportunity to network with other finalists and listen to the wide variety of keynote speeches from leaders in the market. There will also be the chance to contribute to panel debates on key topics. Should you wish to attend the conference and dinner, click on the link below.

LINK: http://www.oilandgasawards.com/2013-finalists/

Latest facts and a rumor from the Marcellus and Utica Shale
 

  • Rice does IPO to raise funds for drilling. Natural gas exploration and production company Rice Energy Inc said it expects a price of between $19 and $21 per share for its IPO, valuing the company at up to $2.7 billion.

    At the higher end of the price range, the company would raise $840 million.

    Rice has drilled 34 wells in Greene County as part of a joint venture with VA-based coal producer Alpha Natural Resources. The 2 companies signed a deal in 2010 to develop Alpha’s Marcellus holdings in Green County. Rice was the drilled and received a 50 per cent interest the in joint venture.

    Alpha announced last week that it will sell its 50 per cent interest to Rice, in exchange for $100 million in cash and $200million in Rice stock once that company goes public.
  • Natrium Plant still shut down. Marcellus and Utica shale producers such as Chesapeake Energy and Consol Energy still cannot get their natural gas processed at the Blue Racer Midstream plant because the facility remains shut down in the aftermath of the Sept. 21 fire.

    "We have not restarted the Natrium plant," said Blue Racer spokeswoman Casey Nikoloric. "We are making the repairs needed to restore service."

    Though Dominion Resources originally developed the Natrium plant and the full-time workers at Natrium are considered Dominion employees, Blue Racer now officially owns the facility as part of a $1.5 billion deal between Dominion and Caiman Energy.
  • Aubrey finds a home in Cambridge Guernsey County, OH. AEP is going to build its office in the industrial park in Cambridge which is near the airport. Will they have to make the runway larger?
  • Airport Drilling. Range Resources Corp. and EQT Corp. were given the go-ahead to drill under 135 acres of land on Thursday after the Washington County, PA Commissioners unanimously approved a permit for the land which sits beneath the Washington County Airport.
  • Drilling in the Upper Devonian in Butler County, PA. In Southern Butler County PA, several companies are drilling Upper Devonian wells and getting reasonable wet gas production. And if they drill a couple of UD wells, they often drill Marcellus wells while they are there. With the pads, pipelines, access roads, and all the equipment on site, it makes sense to drill both strata. (Rumor)
  • Attention PA Oil and Gas Producers and Supporting Businesses! We need your help! The Department of Environmental Protection has formally proposed a major revision to Pennsylvania’s oil and gas regulations known as Chapter 78. These changes will have a major impact on ALL oil and gas operations in Pennsylvania, unconventional and conventional drilling alike. No matter how you are involved in the industry here in Pennsylvania, the regulations will impact your business in some way – and not for the better!

    It is essential that you act NOW to tell DEP that these rules are unacceptable as proposed. Here’s what you can do.


 

  1. Attend or speak at one of the public hearings being held across the Commonwealth through January 27. The rulemaking, supporting documents and public hearing schedule can be found by visiting the DEP website at www.depweb.state.pa.us and clicking on “Proposed Oil and Gas Regulations.” We need your support to make your presence known at these meetings and speak up on how these regulations will negatively impact your business or community. Speakers are allotted five minutes apiece at the hearings, and you must register in advance by calling the phone number listed on the DEP rulemaking webpage above.
     
  2. Submit comments to the Environmental Quality Board. This is the most important thing you can do. The state oil and gas trade association, Pennsylvania Independent Oil and Gas Association (PIOGA), has prepared a series of sample letters for members, employees and their families, royalty owners and other industry supporters. If you would like to use a sample letter, please contact info@pioga.org or you can draft your own comments. Comments must be submitted no later than February 12 and can be done so by mail, email or online at www.ahs.dep.pa.gov/RegComments . Again, it is essential that the industry and supporters make their voice heard, because opponents to drilling and energy security will be doing so in droves.

    Help the oil and gas industry to guide the DEP in developing a set of rules that protect human health and the environment but at the same time do not exceed the agency's statutory authority or impose unreasonable burdens on our industry. Please do your part now to assist in this important effort.
  • Gulfport has great 2013. Gulfport Energy Corp. said its production from the Utica shale gas area in Ohio helped make 2013 one of its most successful years on record.

    Gulfport said it reached a record production level of 27,780 barrels of oil equivalent per day on New Year's Eve. Gulfport Chief Executive Officer James Palm said that represents a 340 percent growth rate from the previous year.

    "We ... look forward to substantial growth as a company during 2014 as we continue to develop our Utica shale assets," he said in a statement Monday.
  • Edgemarc Energy looking to expand in Butler County, PA. Edgemarc is drilling in Butler County and looking to purchases leases from Shell in Butler County. (Rumor)
  • Comments from Magnum Hunter’s CEO. This past year's growth in proved reserves was primarily attributable to our success in the Marcellus Shale Play of West Virginia and Southeastern Ohio. We were successful at replacing over 100% of the reserves lost in 2013 due to asset divestitures which included our Eagle Ford Division ($401 million). We had three new Marcellus wells that have been estimated to have over 10.5 Bcfe of proved reserves per well and one of those wells was estimated to have 11.7 Bcfe of proved reserves. Approximately 55% of our Marcellus wells exceed the average estimated cumulative proved reserves of 7.8 Bcfe each. Every year since initiating operations in the Marcellus Shale Play back in 2010, we have been successful at increasing the ultimate recoveries on new drills. This is a testimony of not only the quality of our lease acreage position, but also management's ability to continue improving upon our well completion methods. A significant point to note is that none of the proved reserves announced today include the Utica Shale Play where we hold close to 100,000 net leasehold acres with the exception of one well that had only a partial completion due to downhole issues. Therefore, with our greatly expanded Appalachian drilling budget, we are confident in our ability to continue to grow our proved reserves in both of these two exciting resources plays in a significant way during 2014."
  • Seismic testing to Westmoreland County. The testing which will take place from late January to early February will be done in Murrysville, Export and Delmont. Westmoreland County could start to see increased drilling activity in 2014.
  • Antero on the move. Antero could be moving its offices from Caldwell, OH to Marietta, OH. (Rumor)
  • Shell cracker plant getting closer to reality. Plans for a PA taxpayer-backed $4 billion Shell Corp. ethane fuel plant near Pittsburgh are advancing as Shell cancels other projects, including a $10 billion gas-to-liquids plant in Louisiana, that are potential competitors for capital investment, reports McGraw Hill-Platt's The Barrel, a fuel industry newsletter, here.

    So much ethane liquid is coming up with Pennsylvania's Marcellus Shale natural gas that pipelines are tapping into the state to receive it, The Barrel notes. Ethane is a rich base for producing plastics and other chemicals -- if there are convenient plants to process it. But ethane supplies are building up so fast it may be cheapest to burn as fuel, until Shell or someone else builds a regional plant so it can be converted to useful raw material, the Barrel notes.

Rig Count

  • Baker Hughes Rigs count for the January 10th reporting week.
    • PA Marcellus 52 rigs – down 1
    • PA Utica 3 rigs – unchanged
    • Ohio Utica 35 rigs – unchanged
    • WV Marcellus 34 rigs – up 2

PA Permits for December 9, to January 16, 2014

County Township E&P Company

1. Bradford Albany Chesapeake
2. Bradford Albany Chesapeake
3. Bradford Asylum Chesapeake
4. Bradford Standing Stone Chesapeake
5. Bradford Wilmot Chesapeake
6. Greene Center Alpha Shale Res
7. Greene Center Alpha Shale Res
8. Greene Center Alpha Shale Res
9. Greene Center Alpha Shale Res
10. Greene Morgan EQT
11. Greene Morgan EQT
12. Greene Morgan EQT
13. Greene Morgan EQT
14. Greene Morgan EQT
15. Greene Morris EQT
16. Greene Morris EQT
17. Greene Morris EQT
18. Greene Morris EQT
19. Greene Morris EQT
20. Greene Morris EQT
21. Greene Morris EQT
22. Greene Morris EQT
23. Mercer Pymatuning Hilcorp
24. Washington Amwell EQT
25. Washington Blaine Range
26. Washington Blaine Range
27. Washington Blaine Range
28. Washington Blaine Range
29. Washington Blaine Range
30. Washington Blaine Range
31. Washington Buffalo Range
32. Washington Hanover Range
33. Wyoming Windham Chesapeake
34. Wyoming Windham Chesapeake
35. Wyoming Windham Chesapeake

OH Permits – week ending January 11, 2014

County Township E&P Companies

1. Washington Aurelius Triad Hunter

Take advantage of the bullish outlook and become a member in ShaleDirectories.com now and secure your budget for membership in 2014.
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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

Northeast Supply Enhancement