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  • Permit Activity.
    • PA – 16 permits; Washington County is where the action is
    • OH –3 permits; a light week in OH
  • Expo/Event activity
    • Alternative Fuel Conference
      • The first‐ever Tri‐State Alternative Fueling Expo & Conference will be held February 19 and 20, 2014 at the Monroeville Convention Center in Monroeville, PA. The event will tie together two vital regional industries: the natural gas industry with the growing alternative fuels trade.
    • This will be the best expo to learn the latest developments with alternative fuels. It’s a market that is developing quickly and it’s under the radar for most companies. If you are interested in alternative fuels, I encourage you to go.

    • 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.


Latest facts and a rumor from the Marcellus and Utica Shale

  • Nat Gas prices staying around $5.00 Nat Gas prices continue to stay higher than last year with a spot price of 5.352. Some on Wall Street think that $5.00 could be a floor for Nat Gas for a while.
  • Consol sending ethane to Europe. Consol Energy Inc. announced Thursday an agreement to export Marcellus Shale ethane to Europe through the Port of Philadelphia.

    Financial terms of the deal between Consol and Ineos Europe AG, the largest producer of ethane products in Europe, weren't announced. But its part of a longer-term strategy by Consol to sell ethane derived from its holdings in the Marcellus Shale elsewhere.

    The Ineos-bound ethane would go through the Mariner East pipeline from Sunoco Logistics and the Marcus Hook port on the Delaware River in Philadelphia.

    "This agreement, and others like it, signify a vote of confidence that the Marcellus Shale resource base represents a long-term, reliable energy supply for industrial users both at home and abroad," said Consol President Nick DeIuliis in a prepared statement. "We are pleased to partner with Ineos as we continue to expand upon opportunities to diversify end-user markets for our region's natural gas products."
  • 2014 could be an active year. 10 new rigs will be moving into PA. (RUMOR)
  • Rice buying pipeline. Rice Energy Inc. today announced the execution of a purchase and sale agreement whereby Rice Poseidon Midstream LLC, a wholly owned subsidiary of the Company, has agreed to acquire gathering assets in eastern Washington and Green Counties, Pennsylvania, from M3 Appalachia Gathering LLC, a wholly owned subsidiary of M3 Midstream LLC, for $110 million in cash, subject to customary purchase price adjustments.

    The assets to be acquired consist of a 28-mile, 6"-16" gathering system in eastern Washington County, Pennsylvania (the " northern system "), and permits and rights of way in Washington and Greene Counties, Pennsylvania, necessary to construct an 18-mile, 30" gathering system connecting the northern system to the Texas Eastern pipeline . The northern system is supported by long-term contracts with acreage dedications covering approximately 20,000 acres from third parties.
  • New E&P signing up landowners. Inflection Energy is signing leases now with projections of drilling in the summer of 2014 and is bringing another rig into PA. (RUMOR)
  • Gulfport buying more leases. Oklahoma-based Gulfport Energy Corp. signed an agreement to buy 22,000 net acres in the Utica shale in eastern Ohio from Windsor Ohio LLC, an affiliate of Wexford Capital LP, for $220 million.

    That will increase Gulfport's leasehold interests in the Utica shale to 137,000 gross (128,000 net) acres.

    This acquisition excludes Windsor Ohio's interest in 14 existing wells and 16 proposed future wells and certain acreage surrounding these wells.

    The proposed transaction, which is expected to close by Feb. 28, will increase Gulfport's working interest in the acreage to 93.8%.

    Last year, Gulfport acquired 37,000 net acres in the Utica shale from Windsor Ohio LLC
  • Top 10 E&P Companies by permits in OH. The list illustrates the number of new E&P’s moving into OH.

    1. CHESAPEAKE: 582
    2. GULFPORT: 108
    3. ANTERO: 62
    4. HESS: 46
    5. CNX GAS: 37
    6. REX: 28
    t-7. HG ENERGY: 23
    t-9. ENERVEST: 17
    t-9. PDC: 17
  • Spectra pipeline update. Spectra Energy officials on Wednesday updated the company's Utica and Marcellus shale pipeline projects, including the proposed NEXUS pipeline that would cross Stark County as it carries natural gas to Michigan and Canada.

    Initially planned to be in service by 2016, the large diameter NEXUS pipeline now is expected to start carrying Utica and Marcellus natural gas by 2017. The 250-mile project is a partnership between Spectra, Enbridge and DTE, and is expected to carry 1 billion cubic feet of gas a day.

    Two other Spectra pipelines will be in service by 2015. The Houston-based company is planning the 70-mile, $500 million Ohio Pipeline Energy Network project to carry gas for Chesapeake and other Appalachian producers.

    The 30-inch diameter OPEN pipeline will cross Columbiana, Carroll, Jefferson, Belmont and Monroe counties to deliver 550 million cubic feet per day of natural gas to lines running as far south as Louisiana, said Bill Yardley, president of Spectra's U.S. transmission and storage operations, during a presentation with analysts.

    Another project, the Uniontown to Gas City pipeline, will flow gas from Uniontown, Pa., to Ohio and Indiana at a rate of 425 million cubic feet per day. The pipeline is estimated to cost $60 million and users will include Range Resources, CONSOL, EQT and Rice Energy, Yardley said.

    The OPEN and Uniontown to Gas City pipelines are among nine projects representing $4 billion in investment.
  • Chesapeake production up in 2014 Chesapeake Energy expects to double its Utica shale processing capacity by the end of the year.

    The capacity increase will come even as Chesapeake on Thursday announced it was reducing overall 2014 capital spending by about 20 percent compared to 2013 levels.

    Oklahoma-based Chesapeake is the largest energy operator in Ohio’s Utica shale.

    The company said it has drilled more than 450 Utica shale wells to date. they expect to see a very strong ramp up in the production of the Utica.

    In December, Chesapeake said it was producing the equivalent of 35,000 barrels of oil per day — including natural gas and related liquids — from its Utica holdings. By comparison, Chesapeake said it was producing the equivalent of 193,000 barrels of oil a day, primarily natural gas, from its Marcellus shale holdings.

Rig Count

  • Baker Hughes Rigs count for the February 7th reporting week.
    • PA Marcellus 52 rigs – down 1
    • PA Utica 2 rigs – unchanged
    • Ohio Utica 39 rigs – up 1
    • WV Marcellus 29 rigs – down 4

PA Permits for Feb 6, to Feb 13 2014

County Township E&P Company
1. Armstrong Greene MDS Energy
2. Greene Jefferson Energy Corp of Am
3. Greene Jefferson Energy Corp of Am
4. Greene Jefferson Energy Corp of Am
5. Greene Jefferson Energy Corp of Am
6. Washington Amwell Range
7. Washington Amwell Range
8. Washington Amwell Rice
9. Washington Amwell Rice
10. Washington Amwell Rice
11. Washington Buffalo Range
12. Washington Smith Range
13. Washington Smith Range
14. Washington Union EQT
15. Washington Union EQT
16. Washington Union EQT

OH Permits – week ending February 8, 2014

County Township E&P Companies

1. Carroll Perry Chesapeake
2. Carroll Washington R E Energy
3. Harrison North Chesapeake

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

Joe Barone 610.764.1232
Vera Anderson 570.337.7149
Andrea Bagnell 610.256.1898


Northeast Supply Enhancement