A new pipeline connection is allowing Colorado-based Antero Resources to ship natural gas from Ohio's Utica shale west to higher-priced Midwest markets for the first time.
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A new 80-room hotel has opened in Carrollton in Ohio's Carroll County in the heart of the Utica shale drilling.
It was developed by New York-based Drill Capital Inc. that has another Ohio hotel in the works.
The Carrollton facility is a Microtel Inn and Suites, part of the Wyndham Hotel Group.
For more details, read the story in Columbus Business First. Click here.To read more or comment...
From Access Midstream Partners today:
OKLAHOMA CITY--(BUSINESS WIRE)--Jul. 29, 2014-- Access Midstream Partners, L.P. (NYSE:ACMP) today announced financial results for the 2014 second quarter. The Partnership’s adjusted EBITDA for the 2014 second quarter totaled $275.1 million, an increase of $68.5 million, or 33.2%, from 2013 second quarter adjusted EBITDA of $206.6 million. Net income attributable to the Partnership totaled $67.5 million in the 2014 second quarter, a decrease of $1.7 million, or 2.5%, from the 2013 second quarter net income of $69.2 million. Distributable cash flow (DCF) for the 2014 second quarter totaled $200.4 million, an increase of $47.7 million, or 31.2%, from 2013 second quarter DCF of $152.7 million and resulted in a distribution coverage ratio of 1.45. Financial terms are defined on pages two and three of this release.
Throughput for the 2014 second quarter totaled 356.6 billion cubic feet (bcf) of natural gas, or 3.92 bcf per day, an increase of 6.8% from 2013 second quarter throughput of 3.67 bcf per day. Throughput increased in the Partnership’s Marcellus, Utica, Eagle Ford and Niobrara Shale regions. Partnership revenue for the 2014 second quarter totaled $292.9 million, an increase of $45.7 million, or 18.5%, compared to 2013 second quarter revenue of $247.2 million. Revenues in both periods exclude revenues attributable to the Partnership’s equity investments as those revenues are accounted for as part of the Partnership’s investments in unconsolidated affiliates. If the Partnership’s proportional share of revenue from equity investments was included, revenue for the 2014 second quarter would have totaled $378.0 million, an increase of $71.4 million, or 23.3%, compared to the 2013 second quarter.
Capital expenditures during the 2014 second quarter totaled $307.7 million, including maintenance capital expenditures of $32.5 million. These capital expenditures included $113.4 million for the Partnership’s share of capital expenditures in entities accounted for as equity investments.To read more or comment...
Columbus-based American Electric Power is seeing an increase in industrial electric demand in eastern Ohio's Utica shale region.
Click here to read reporter Tom Knox's story in Columbus Business First.
To read more or comment...
From Anadarko Petroleum Corp. today:
SECOND-QUARTER 2014 HIGHLIGHTS
"Anadarko delivered exceptional operating performance during the second quarter, with an increase of 65,000 barrels of oil per day over the second quarter of 2013 led by our U.S. onshore assets and the El Merk development in
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.