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Ohio Utica Shale

Rice Energy, Gulfport Energy forming new Utica JV

By Bob Downing Published: February 12, 2016

Moving beyond a letter of intent announced last October, Rice Energy Inc. and Gulfport Energy Corp. have agreed to form a joint venture in Ohio's Belmont and Monroe counties.

The new venture is called Strike Force Midstream LLC.

The deal was announced by Rice Energy in a filing earlier this month with the U.S. Securities and Exchange Commission.

Click  here  to read more from NGI's Shale Daily..

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MRC Global to sell off OCTG business for $48 million

By Bob Downing Published: February 12, 2016

From a press release earlier this week:

HOUSTON, Feb. 10, 2016 /PRNewswire/ -- MRC Global Inc., the largest global distributor, based on sales, of pipe, valves and fittings and related products and services to the energy industry, today announced that it has entered into a definitive agreement to sell its U.S. OCTG business to Sooner Pipe, LLC, a subsidiary of Marubeni-Itochu Tubulars America, Inc., for $48 million, subject to certain adjustments. MRC Global's U.S. OCTG sales were approximately $305 million in 2015. As a result of the expected sale, a pre-tax charge of approximately $5.0 million is expected to be recorded in the fourth quarter of 2015. The transaction is expected to close in the first quarter of 2016, subject to customary closing conditions.

Andrew R. Lane, MRC Global's chairman, president and chief executive officer, stated, "The divestiture of our OCTG product line is the culmination of our strategy to reduce our exposure to upstream drilling volatility and to focus on growing our higher margin product lines, particularly our valve, valve automation and instrumentation business. We remain committed to our line pipe business as it has applications across each of the upstream, midstream and downstream end markets. This transaction benefits our U.S. OCTG customers, suppliers and employees by placing the business with the leading OCTG distributor and service provider. We will work with Sooner to ensure a smooth transition of the business."

About MRC Global Inc.

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Ohio drillers using more freshwater to frack Utica Shale wells

By Bob Downing Published: February 12, 2016

Drillers in Ohio's Utica Shale used an additional 36 million gallons of fresh water in 2015 from 2014, the Columbus Dispatch reported.

In 2014, the typical well in Ohio's Utica Shale used 7.6 million gallons of water to hydraulically fracture or frack th rock.

Click  here  to read the full story.

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Pennsylvania DEP offers details on reducing methane leaks

By Bob Downing Published: February 12, 2016

Pennsylvania state environmental regulators on Thursday offered more details about the Wolf administration’s efforts to cut methane emissions from Pennsylvania’s oil and gas industry, NPR's StateImpact Pennsylvania reported.

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Siemens to cut up to 300 jobs at its plant in Mount Vernon

By Bob Downing Published: February 12, 2016

Siemens intends to lay off up to 300 workers at its Mount Vernon plant in central Ohio, due to the downtown in the drilling industry, the Columbus Dispatch reported last week.

The company that manufactures energy components now has 600 workers at the Mount Vernon plant.

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Devon Energy to sell off non-core assets to reduce debt

By Bob Downing Published: February 12, 2016

Oklahoma-based Devon Energy Corp said on Tuesday it has hired the U.S. investment bank Jefferies Group LLC to market assets across four major shale basins to raise cash and slash debt.

In December, the large driller said it was looking to raise $2 billion to $3 billion from selling non-core oil assets as well as its 50-percent interest in the Access pipeline in Canada as crude prices plumbed new lows.

The target value for the divestiture program has remained unchanged even as oil futures have fallen further ,said the company, a former player in Ohio's Utica Shale.

Click  here  to read more from Reuters.

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New EIA data boosts Oklahoma's crude oil production

By Bob Downing Published: February 12, 2016

From the U.S. Energy Information Administration today:

EIA's Petroleum Supply Monthly, published on January 30, includes crude oil production estimates for Oklahoma based on EIA monthly survey data. The new estimates are roughly 100,000 barrels per day more than those generated by the previous EIA methodology, which was informed by state-reported data.

Read More ›

Tags: crude oil , liquid fuels , oil/petroleum , Oklahoma , production , states

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Massive four-month California natural gas leak is plugged

By Bob Downing Published: February 12, 2016

From the Associated Press:

LOS ANGELES (AP) — The massive gas leak that spewed uncontrollably for nearly four months drove thousands of Los Angeles residents to pack up and leave their homes, while others rode it out.

Vicky Walker did both, turning her life upside down shuttling between hotels and home every few days, where she lived like a shut-in and stopped walking her dog to avoid the foul stench of gas.

While others blamed the leak for nosebleeds, nausea, headaches and other woes, Walker said she developed a persistent cough and packed on at least five pounds.

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Lenders offer $500 million for Alpha's coal, natural gas assets

By Bob Downing Published: February 11, 2016

From the Associated Press:

Alpha Natural Resources said it has received a $500 million offer from existing lenders for the potential sale of the bankrupt coal producer's core assets.

A filing Monday in U.S. Bankruptcy Court in Richmond said the unspecified lenders agreed to serve as the lead bidder. The offer would set the floor for an auction process that lets competitors make higher bids.

Bristol, Va.-based Alpha filed for Chapter 11 protection in August. Since the filing, the company has announced plans to lay off hundreds of workers in central Appalachia, citing tough market conditions.

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Shell postpones LNG decision, defers on shale investments

By Bob Downing Published: February 11, 2016

Royal Dutch Shell plc has moved back a decision on a major LNG project in Canada and is also deferring possible future shale investments, according to media reports.

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Utica and Marcellus shale web sites

Ohio Department of Natural Resources' Division of Oil and Gas Resources Management State agency Web site.

ODNR Division of Oil and Gas Resources Management. State drilling permits. List is updated weekly.

ODNR Division of Geological Survey.

Ohio Environmental Protection Agency.

Ohio State University Extension.

Ohio Farm Bureau.

Ohio Oil and Gas Association, a Granville-based group that represents 1,500 Ohio energy-related companies.

Ohio Oil & Gas Energy Education Program.

Energy In Depth, a trade group.

Marcellus and Utica Shale Resource Center by Ohio law firm Bricker & Eckler.

Utica Shale, a compilation of Utica shale activities.

Landman Report Card, a site that looks at companies involved in gas and oil leases.FracFocus, a compilation of chemicals used in fracking individual wells as reported voluntarily by some drillers.

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.

National Geographic's The Great Shale Rush.

The Ohio Environmental Council, a statewide eco-group based in Columbus.

Buckeye Forest Council.

Earthjustice, a national eco-group.

Stop Fracking Ohio.

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.

Penn State Marcellus Center.

Pipeline, blog from Pittsburgh Post-Gazette on Marcellus shale drilling.

Allegheny Front, environmental public radio for Western Pennsylvania.