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NewsLetters

 

  • Permit Activity.
     
    • PA – 26 permits; it’s all Fayette, Washington and Wyoming Counties with Chevron, Range, EQT and Chesapeake leading the way
    • OH –13 permits; Gulfport and Chesapeake in Belmont and Harrison Counties
       
  • 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/


    Cintas Newsletter.jpg

    Free Oil and Gas Safety Workshop
    Hosted by Cintas, Bulwark and ShaleDirectories.com

    At the workshop, you will learn:

     
    • What OSHA looks for when conducting a flash fire safety inspection
    • The key compliance elements and what not to forget
    • What you need to protect your employees
    • How to build a Managed FRC Program
    • Make plans to attend today! Learn more and register at

      www.cintas.com/flashfireworkshop

Latest facts and a rumor from the Marcellus and Utica Shale

 

  • Nat Gas over $6! Who would have ever thought that we would see $6 Nat gas in 2014. It appears that the draw downs on inventory are greater than many thought. Nat gas in storage is 24% below its 5-year average. It hit $6.27 on Thursday.
     
  • Chesapeake looking for the “oil window” CHK is looking to hire a Landman in Utica, Ohio. It is interesting that in the small town of Utica there is a plugged Devon Energy well a few hundred yards north of the city limits. A new compressor station being built there with a NGL separator 2 miles to the west. Currently a massive 3D seismic shoot (20,000 acres) yards to the north of the city limits and is home to Knox Energy’s Field office. Is Chesapeake going after the oil that Devon might have missed? (RUMOR)
     
  • PA surpasses 3 trillion cubic in 2013. State regulators report that Marcellus Shale natural gas production in Pennsylvania topped three trillion cubic feet in 2013. That's more than double the previous year's production, and the energy equivalent of over 500 million barrels of oil.
     
  • PA’s most productive wells. Cabot Oil & Gas operates the top 13 wells in the state. All 13 are in Susquehanna County, where the company leases a largely contiguous area. Half of the top 50 wells from July to December 2013 belong to Cabot.

    In November, the company's vice president of operations for its north region, Phil Stalnaker, said that the thickness of the Marcellus Shale layer in Susquehanna County is the main reason for the productivity in this part of the formation.

    Twenty-seven of the top 50 wells are in Susquehanna County, 11 are in Wyoming County, eight are in Bradford County, three are in Greene County and one is in Washington County.
     
  • Snapshot of activity in Indiana County, PA. In the second half of 2013, there were 48 Marcellus Shale wells producing gas between July and December. The top four were all in West Wheatfield Township, all operated by Atlas Resources.

    Cherryhill Township had the most producing wells, nine. Center Township had eight, Young Township, seven; Brush Valley, five; Green Township, North Mahoning Township and West Wheatfield Township, four; Buffington Township, two; Rayne Township, Pine Township, South Mahoning Township, West Mahoning Township, and White Township each had one.

    XTO Energy was the most active driller working in Indiana County, with fourteen wells producing in the last six months of 2013, but they were the fourteen lowest producing wells in the county. CONSOL had eleven producing wells; Chevron Appalachia had eight.
     
  • Aubrey bringing more money for the Utica. The former Chesapeake Energy Corp. leader’s new venture is securing an additional $1.25 billion in financing to spend in the region. That would bring the fundraising haul for American Energy Utica LLC, an affiliate of Oklahoma City-based American Energy Partners LP, to nearly $3 billion since late last year.

    American Energy Partners this month acquired 130,000 acres in eastern Ohio from Hess Corp. Exxon Mobil Corp. and privately held Paloma Partners LLC for $924 million.
     
  • Magnum Hunter hits big dry gas well in the Utica. Magnum Hunter Resources Corporation announced that the Company's first dry gas Utica Shale well, the Stalder #3UH located on the Stalder Pad (18 potential wells) in Monroe County, Ohio, was placed on production earlier this week and has recently tested at a peak rate of 32.5 MMCF of natural gas per day on an adjustable rate choke with 4,300 psi FCP.

    Mr. Gary C. Evans, Chairman of the Board and Chief Executive Officer of Magnum Hunter, commented, "Our first well on the Stalder Pad is the most eastern well and one of the most southern wells drilled to-date in the entire Utica Play of Ohio. The well's production is almost pure methane (97%) and therefore there is no need for processing, making it pipeline quality product.

    Rex Marcellus and Utica projections for 2014. In the Utica, Rex added 1,200 net acres and 21 drilling locations, bringing its Ohio holdings to 21,200 net acres.

    Rex is one of the drillers that is active in Carroll County. Last year, the company drilled nine wells, fracked four wells and placed four wells into service. The company said it is drilling the last well on its six-well Grunder pad and expects to begin production in the second quarter. The wells will average a total measured depth of 12,905 feet, including laterals averaging 4,800 feet.

    Rex also expects to place its recently completed three-well Ocel pad in Carroll County into service during the second quarter.

    To the south, in Guernsey, Noble and Belmont counties, Rex has drilled five wells, fracked five wells and placed eight wells in production.

    The five-well J. Anderson pad in Guernsey County produced at an average 30-day sales rate of 1,721 barrels of oil equivalent per day. The company expects to start drilling its six-well J. Hall pad, also in Guernsey County, during the second quarter. The wells will be drilled with an average lateral length of 5,500 feet, and Rex said they should be in service by the end of the year.

    In the Utica during 2014, Rex plans to drill 11 wells, frack 17 wells and place 11 wells into production.

    By comparison, Rex expects to drill 40 to 45 Marcellus wells next year in Pennsylvania.
     
  • Another Ohio pipeline. A Texas company wants to build a 76-mile pipeline extension to help move natural gas from the Utica and Marcellus Shales to the Gulf Coast.

    Texas Eastern Transmission LP said in a federal filing that it has agreements with four companies to transport natural gas.

    The Ohio Pipeline Energy Network (OPEN) Project, would connect 30-inch pipe from Kensington in southern Columbiana County to an existing pipeline in Monroe County in eastern Ohio. The line would pass under Columbiana, Carroll, Jefferson, Belmont and Monroe counties in eastern Ohio.

    The project’s estimated price tag: $468 million.

    Chesapeake Energy, CONSOL Energy, Total Gas & Power North America and Rice Energy have pledged to transport 550,000 dekatherms a day, Texas Eastern said in a 337-page filing with the Federal Energy Regulatory Commission.

Rig Count
 

  • Baker Hughes Rigs count for the February 14th reporting week.
     
    • PA Marcellus 50 rigs – down 2
    • PA Utica 3 rigs – up 1
    • Ohio Utica 40 rigs – up 1
    • WV Marcellus 30 rigs – up1


PA Permits for Feb 13, to Feb 20, 2014

County Township E&P Company
1. Butler Summit XTO Energy
2. Fayette Washington Chevron
3. Fayette Washington Chevron
4. Fayette Washington Chevron
5. Fayette Washington Chevron
6. Greene Jackson Vantage
7. Lawrence North Beaver Shell
8. Susquehanna Brooklyn Cabot
9. Washington Canton Range
10. Washington Jefferson Range
11. Washington Jefferson Range
12. Washington Union EQT
13. Washington Union EQT
14. Washington Union EQT
15. Washington Union EQT
16. Washington Union EQT
17. Washington Union EQT
18. Washington Union EQT
19. Washington West Finley Range
20. Wyoming Meshoppen Chesapeake
21. Wyoming Meshoppen Chesapeake
22. Wyoming Meshoppen Chesapeake
23. Wyoming Meshoppen Chesapeake
24. Wyoming Windham Chesapeake
25. Wyoming Windham Chesapeake
26. Wyoming Windham Chesapeake


OH Permits – week ending February 15, 2014

County Township E&P Companies

1. Belmont Kirkwood Gulfport
2. Belmont Kirkwood Gulfport
3. Belmont Kirkwood Gulfport
4. Belmont Kirkwood Gulfport
5. Belmont Somerset Gulfport
6. Belmont Somerset Gulfport
7. Belmont Somerset Gulfport
8. Belmont Somerset Gulfport
9. Carroll Perry Chesapeake
10. Harrison Stock Chesapeake
11. Harrison North Chesapeake
12. Harrison North Chesapeake
13. Harrison North Chesapeake
14. Harrison Stock Chesapeake
15. Harrison Stock Chesapeake
16. Monroe Switzerland CONSOL
17. Monroe Seneca Antero

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

 

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