Halcon Resources Corp. has a few Utica Shale wells in Ohio's Trumbull and Mahoning counties and in western Pennsylvania. It suspended its Utica Shale drilling in March 2014.
Here is a statement issued by the firm on Monday in an apparent effort to reassure jittery investors:
Houston, TX, Feb. 08, 2016 (GLOBE NEWSWIRE) -- Halcón Resources Corporation (NYSE: HK) ("Halcón" or the "Company") today provided an update on its balance sheet initiatives.To read more or comment...
From a release today:To read more or comment...
From a press release:
DENVER, Feb. 09, 2016 (GLOBE NEWSWIRE) -- Warren Resources, Inc. (Nasdaq:WRES) (“Warren”) today announced year-end 2015 total net estimated proved reserves as appearing in its reserve report prepared by Netherland Sewell and Associates (“NSAI”). Warren also announced its full year 2016 forecast and the initiation of efforts to restructure its outstanding debt.
Year-end 2015 vs Year-end 2014 Reserves using SEC Pricing
As of December 31, 2015, Warren had estimated net proved reserves of 241.3 Bcfe, which included 12.9 MMbls of oil and 163.7 Bcf of gas. The PV-10 value of these reserves was approximately $96 million, based on the SEC mandated price deck of $42.81 per barrel of oil and $1.74 per Mcf of gas. This compares with year-end 2014 total net estimated proved reserves of 428.1 Bcfe, which included 16.8 MMbls of oil and 327.3 Bcf of gas. The PV-10 value of these reserves was $609.1 million, based on the SEC mandated price deck of $86.71 per barrel of oil and $3.22 per Mcf of gas. Reserves declined dramatically year over year due to significant decreases in commodity pricing, which resulted in totally eliminating some reserves and reduction in the life span of many others that were included in the 2014 report.To read more or comment...
From the Ohio Oil and Gas Association, a statewide trade group:
Last week, the Concerned Citizens of Carroll County held a public meeting in the Village of Carrollton to reveal the results of a three-year long study conducted in order to determine if natural gas drilling has had an effect on the quality of water coming from the wells in Carroll County. The Ohio Oil and Gas Association, national group Energy In Depth and other industry folks have attended the meetings over the years to listen to the guest speakers, talk with the media and see the concerns over what is happening in the area.
On this particular night, the guest speaker was a Dr. Amy Townsend-Small a geologist from the University of Cincinnati. Amy and her team had been in the area over the past 3 years testing private water wells to determine if thermogenic methane was present (the kind of methane found in natural gas). The project was funded from two foundations providing grants; one was the Deer Creek Foundation in St. Louis and the other was the Alice Weston foundation from Cincinnati. They have since cut off funding but more on that in a minute. The idea of the study was to take baseline water well testing before much, or in some instances any drilling had taken place in the area near the water wells.
Over the course of the study, which included taking almost 200 samples from 23 water wells in 5 counties, it was reported that natural gas development has had no effect on the water quality. Amy spoke with the local Times Reporter after the meeting and said:To read more or comment...
Pennsylvania Governor Tom Wolf wants the state’s natural gas drillers to pay a 6.5 percent tax on Marcellus Shale production, which he estimates will bring in $217.8 million dollars for fiscal year 2016/2017 to the state's general fund, NPR's StateImpact Pennsylvania reports.
Click here to read more..To read more or comment...
From a Tuesday press release::
The Woodlands, Texas (February 9, 2016) – Summit Midstream Partners, LP (NYSE: SMLP) announced today that
it has commenced operations of the Stampede Lateral crude oil transmission pipeline in North Dakota and is
currently in the final stages of completing the nearby Little Muddy crude oil transmission pipeline, which includes
an interconnect with Enbridge’s North Dakota Pipeline System. These crude oil development projects provide
customers on the Polar & Divide gathering system with two new delivery points and enhanced optionality to access
additional downstream markets via rail and pipeline infrastructure. Prior to the commissioning these projects, crude
oil on the Polar & Divide system was delivered exclusively to the Colt Hub rail terminal in Epping, North Dakota.
The Stampede Lateral connects SMLP’s Polar & Divide crude oil gathering system with Global Partners LP’s
(“Global”) Basin Transload rail terminal located near Columbus, North Dakota. The Stampede Lateral provides
Global and other producers in the region with up to 60,000 bbls/d of crude oil throughput capacity. The 46-mile,
10-inch diameter transmission pipeline originates at SMLP’s newly-built, Divide Station, which offers truck unloading
capabilities and 75,000 barrels of crude oil storage capacity. The Stampede Lateral is underpinned by a long-term,
fee-based contract with Global, including minimum volume commitments. Crude oil on the Stampede Lateral is
delivered to Global’s Basin Transload rail terminal which offers single line haul rail access to Global’s Albany, New
The Little Muddy pipeline will connect SMLP’s Polar & Divide crude oil gathering system with Enbridge’s North
Dakota Pipeline System in Williams County, North Dakota via Enbridge’s Little Muddy Facility located near Marmon,
North Dakota. This development project includes 14-miles of 10-inch diameter crude oil transmission pipeline with
throughput capacity of 27,000 bbls/d. Crude oil delivered to the Little Muddy Interconnect will gain pipeline access
to various downstream markets including Chicago, Patoka, Cushing, Eastern Canada, and the Gulf Coast.
Steve Newby, President and Chief Executive Officer of SMLP commented, “The start-up of the Stampede Lateral
and Little Muddy Interconnect significantly diversifies our downstream takeaway options for our customers on our
crude oil gathering systems in the Bakken. We are excited to enhance the interconnectivity of our crude gathering
system and to provide our customers with to access multiple downstream markets”.
About Summit Midstream Partners, LP
SMLP is a growth-oriented limited partnership focused on developing, owning and operating midstream energy
infrastructure assets that are strategically located in the core producing areas of unconventional resource basins,
primarily shale formations, in the continental United States. SMLP currently provides natural gas, crude oil and
produced water gathering services pursuant to primarily long-term and fee-based gathering and processing
agreements with customers and counterparties in four unconventional resource basins: (i) the Appalachian Basin,
which includes the Marcellus Shale formation in northern West Virginia; (ii) the Williston Basin, which includes the
Bakken and Three Forks shale formations in northwestern North Dakota; (iii) the Fort Worth Basin, which includes
the Barnett Shale formation in north-central Texas; and (iv) the Piceance Basin, which includes the Mesaverde
formation as well as the Mancos and Niobrara shale formations in western Colorado and eastern Utah. SMLP owns
and operates more than 2,600 miles of pipeline and is headquartered in The Woodlands, Texas with regional
corporate offices in Denver, Colorado and Atlanta, Georgia.
About Summit Midstream Partners, LLC
Summit Midstream Partners, LLC (“Summit Investments”) directly and indirectly owns a 44.0% limited partner
interest in SMLP and indirectly owns and controls the general partner of SMLP, Summit Midstream GP, LLC, which
has sole responsibility for conducting the business and managing the operations of SMLP. Summit Investments
owns, operates and is developing various natural gas, crude oil and produced water-related midstream energy
infrastructure assets in the Utica Shale in southeastern Ohio, the Bakken Shale in northwestern North Dakota, and
the DJ Basin in northeastern Colorado. Summit Investments also owns a 40% interest in a joint venture that is
From the U.S. Energy Information Administration today:
Mining and exploration investment declined 35% in 2015, the second largest year-over-year decline since the U.S. Bureau of Economic Analysis (BEA) began reporting the series in 1948. Most mining and exploration investment reflects petroleum exploration and development, but the category also includes natural gas, coal, and other minerals. Mining and exploration investment declined from $135 billion in 2014 to $87.7 billion in 2015, weighing down investment growth more than any other segment of nonresidential investment. Total private fixed investment, of which mining and exploration is a small subset, grew 4% in 2015 to $2.7 trillion. Low commodity prices remain a significant factor in U.S. firms' investment decisions.To read more or comment...
From a Tuesday press release:
Frackfree Mahoning Valley and Buckeye Forest Council release new information, call for the injection wells near fracking waste-related earthquake epicenters in Weathersfield/Niles to remain closed, and call for the Ohio Department of Natural Resources to deny an injection permit for a newly drilled Vienna airport area injection well near family homes saying the well is close to an “area of known seismic activity”:
Frackfree Mahoning Valley will hold rallies at two local injection wells on Wednesday, February 10, 2016, and host a Friday, February 12, 2016 “Film Night and Town Hall – Style Meeting” on why these injection wells and others must stop. Both the film screening of “Oklahoma Shakedown” and town hall will be held on Friday, February 12, 2016 at 7 PM to 9 PM, at The First Unitarian Universalist Church of Youngstown, located at 1105 Elm St., Youngstown, Ohio. (Elm & Illinois.)
To read more or comment...
From a Tuesday press release:
U.S. Silica Introduces InnoProp® PLT Polyurethane Low-Temperature Resin-Coated Proppant
New Resin-Coated Sand Outperforms Competing Low-Temperature Proppants
FREDERICK, Md., Feb. 9, 2016 /PRNewswire/ -- U.S. Silica Holdings, Inc. today announced the introduction of InnoProp® PLT, a newly formulated resin-coated proppant designed specifically for enhancing the recovery of oil and gas in low-temperature reservoirs. Independent test results show this proprietary polyurethane-based formula delivers best-in-class bond strength, crush resistance and conductivity. U.S. Silica's broad network of strategically located transload facilities served by Class I railroads allows InnoProp PLT to be delivered to locations within 100 miles of more than 80% of today's active drilling rigs.To read more or comment...
From a Tuesday press release:
QUA® Wins Contract to Supply FEDI® Fractional Electrodeonization Technology for Water Treatment Plant at Cheniere Energy's Sabine Pass LNG Terminal
CANONSBURG, Pa., Feb. 9, 2016 /PRNewswire/ -- QUA® has been awarded a contract to supply its FEDI® Fractional Electrodeionization technology for the RO permeate polishing demineralizing process to support Cheniere Energy's addition of liquefaction services to its Sabine Pass LNG Terminal.
This project is the third phase of expansion to supply water to the facility's liquefaction operations and will add an additional 30% capacity to the water plant. FEDI was also used in the previous two phases. This brings the total water flow rate at this plant to 4,185 gpm (951m3/hr) making it one of the largest electrodeionization (EDI) systems installed in the world.To read more or comment...
Chesapeake Energy Corp,the Oklahoma-based firm is the No. 1 driller in Ohio.
Rig Count Interactive Map by Baker Hughes, an energy services company.
Shale Sheet Fracking, a Youngstown Vindicator blog.
The Ohio Environmental Council, a statewide eco-group based in Columbus.
Earthjustice, a national eco-group.
People's Oil and Gas Collaborative-Ohio, a grass-roots group in Northeast Ohio.
Concerned Citizens of Medina County, a grass-roots group.
No Frack Ohio, a Columbus-based grass-roots group.
Fracking: Gas Drilling's Environmental Threat by ProPublica, an online journalism site.
Pipeline, blog from Pittsburgh Post-Gazette on Marcellus shale drilling.
Allegheny Front, environmental public radio for Western Pennsylvania.