BusinessCreator, Inc.

NewsLetters

  • Permit Activity.
    • PA – 41 permits; Susquehanna and Washington Counties experiencing significant activity
    • OH –6 permits; finally some activity in Carroll and Monroe Countie
       
  • 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

  • Another certification program. A controversial program to certify Marcellus Shale natural gas producers for adhering to the best environmental practices is set to open for business Tuesday under the leadership of a newly hired executive director from Philadelphia.

    The Center for Sustainable Shale Development (CSSD), which was announced last year as a kind of Underwriters Laboratory of drilling practices, will begin accepting applications Tuesday for its independent third-party certification and verification program.

    In addition to EQT, three other energy companies helped devise the standards and are represented on its board: Chevron Appalachia, Consol Energy, and Shell North America. Those companies are expected to be the first to apply for certification.

    We will have to monitor this program to see if it’s designed to drive smaller producers out of the Marcellus and Utica.
  • Trans Energy hits record well results in WV. Trans Energy has hit record results at its wells in Marshall and Marion counties. The Marion results are extremely promising and could surpass well results in Marshall and Wetzel Counties, WV. Is Marion County, WV the next hot spot?
  • CONSOL spending big in 2014. CONSOL Energy announced plans Tuesday to invest $1.1 billion in drilling operations, much of it targeting natural gas liquids in the Marcellus and Utica Shale.

    The Pittsburgh-based company said it plans to spend $105 million to drill 32 Utica wells with a joint-venture partner. The wells will be in Harrison, Belmont, Guernsey and Noble Counties, OH, areas rich in natural gas liquids, according to a press release.

    CONSOL also plans to spend $24 million in Monroe County, OH, to drill a well in a liquids-rich part of the Marcellus and a dry-gas Utica well from the same pad. That project is outside the joint venture.

    But most of the money will be spent on Marcellus Shale joint-venture projects in Pennsylvania and West Virginia. The company is investing $825 million on 162 gross wells, plus $60 million on a Marcellus gathering system.

    CONSOL predicts production to grow 30 percent in 2014, hitting the equivalent of 215 to 235 billion cubic feet for the year, with five to eight percent coming from natural gas liquids, condensate and oil.
  • CONSOL picks Chesapeake Head. CONSOL Energy has picked the head of Chesapeake's Marcellus and Utica drilling program to lead CONSOL's expanding shale activity in Ohio, Pennsylvania and West Virginia.

    Timothy C. Dugan is CONSOL's new chief operating officer for exploration and production.
  • NiSource could be takeover target. NiSource Inc. (NI), the owner of natural gas pipelines and utilities in the upper U.S. Midwest, is a prime acquisition candidate for companies seeking to profit from the shale-gas boom.

    NiSource shares surged to an all-time high last week amid takeover speculation fueled by a December report that Dominion Resources Inc. was raising money for a purchase.

    Utility owners are looking to boost returns by expanding in shale-gas markets. NiSource, owner of pipelines and storage systems serving producers in the gas-rich Marcellus and Utica formations, is projected by analysts to post record operating profit this year, according to data compiled by Bloomberg. If Dominion isn’t interested in the $10.6 billion company, a deal may make sense for Canadian pipeline owners Enbridge Inc. (ENB) and TransCanada Corp. (TRP) because they’re eager to collect fees for processing and transporting U.S. shale gas.
  • Chief opens new field office. As part of an effort to increase its focus in the Marcellus Shale region, Chief Oil & Gas is set to open its new field office, the Chief Wyalusing Yard, in Wyalusing within the first quarter of the year.

    The new office is a result of the company's growth plan to further take advantage of the natural gas resources in the Marcellus Shale, according to Director of Public Affairs, Daria Fish. In December, Chief, along with its partners Enerplus and Tug Hill, announced the acquisition of MKR Holdings LLC for approximately $500 million, which included about 130,000 cubic feet per day's worth of production, as well as nearly 40 operated wells waiting on completion or pipeline and undeveloped acreage.

    The field office consists of three 20 foot by 60 foot modular buildings that will run a variety of natural gas related operations.

    "The office will contain approximately 12 employees, which will include field employees, production and completions, drilling consultants, well tenders and more," Fish said. "Two of the main features of the office will be its conference room and operations control center."
  • BP pulling out of Trumbull and Mahoning Counties, OH. Many of the leaseholders in these counties feel that BP is going to pulling out. (Rumor)

    We reported that BP would be making announcement about drilling in the Utica Shale in 2014. Will BP pull out? We’ll monitor this closely.
  • Carrizo seeing early success in Guernsey County, OH. Carrizo’s 1H Rector well is seeing positive test results. The company currently plans to bring a drilling rig into the Utica Shale in early Q2 to begin its 2014 drilling program. Carrizo then expects to maintain a 1-rig program in the play for the balance of the year.

Rig Count

  • Baker Hughes Rigs count for the January 17th reporting week.
    • PA Marcellus 53 rigs – up 1
    • PA Utica 3 rigs – unchanged
    • Ohio Utica 36 rigs – up 1
    • WV Marcellus 34 rigs – unchanged

PA Permits for January 16, to January 23, 2014

County Township E&P Company

1.Armstrong West FranklinPennenergy
2.Armstrong West FranklinPennenergy
3.BradfordHerrick Southwestern
4.Bradford Overton Chesapeake
5.Bradford StevensSouthwestern
6.Bradford Stevens Southwestern
7.Butler Clinton Range
8.Butler Middlesex Re Gas
9.Butler Middlesex Re Gas
10.ButlerMiddlesex Re Gas
11.Butler Middlesex Re Gas
12.Butler Middlesex Re Gas
13.Elk Fox EQT
14.Lawrence Mahoning Hilcorp
15.Lawrence Mahoning Hilcorp
16.Lawrence Mahoning Hilcorp
17.Lycoming Cogan House Southwestern
18.SusquehannaAuburn Chesapeake
19.SusquehannaBrooklynCabot
20.SusquehannaChoconut Talisman
21.SusquehannaGreat Bend Southwestern
22.SusquehannaJacksonSouthwestern
23.SusquehannaJackson Southwestern
24.SusquehannaJackson Southwestern
25.SusquehannaNew Milford Southwestern
26.SusquehannaNew Milford Southwestern
27.SusquehannaNew Milford Southwestern
28.SusquehannaSilver Lake Southwestern
29.Washington East Finley CONSOL
30.Washington East Finley CONSOL
31.Washington East Finley CONSOL
32.Washington East Finley CONSOL
33.Washington East Finley CONSOL
34.Washington North FranklinRange
35.Washington North FranklinRange
36.Washington North FranklinRange
37.Washington North FranklinRange
38.Washington North FranklinRange
39.Washington North FranklinRange
40.Wyoming Lemon Chief
41.Wyoming Meshoppen Citrus

OH Permits – week ending January 18, 2014

CountyTownshipE&P Companies

1.Carroll Perry Chesapeake
2.Carroll Perry Chesapeake
3.Carroll Loudon Chesapeake
4.Carroll Loudon Chesapeake
5.MonroeSeneca Antero
6.MonroeSeneca Antero

Take advantage of the bullish outlook and become a member in ShaleDirectories.com now and secure your budget for membership in 2014.
Put your 2014 marketing dollars to work with ShaleDirectories.com; the place where the Oil&Gas industry seeks viable partners.

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

 

Midstream PA