Anti-fracking initiatives in Miegs and Summit counties in Ohio have hit serious roadblocks, reports Energy In Depth:
"The Community Environmental Legal Defense Fund (CELDF) has hit another wall as its anti-fracking “Community Bill of Rights” initiative submitted for the November ballot in Meigs County has been ruled invalid by a 4-0 vote by the county Board of Elections.
" ... earlier this week, in Summit County, Judge Paul Gallagher said that an ordinance of the city of Munroe Falls requiring an oil and gas company to apply for a zoning certificate was invalid."
Read the full post here.To read more or comment...
We're not talking pole dancers, folks.
The U.S. Energy Information Administrations says the nation gets a sizeable amount of its natural gas from numerous low-producing wells.
Stripper wells, also known as marginal wells, individually produce small volumes of natural gas or oil but in aggregate have provided 11% to 15% of total U.S. oil and natural gas production over the past decade.
Natural gas stripper wells (so called because they are stripping the remaining natural gas out of the ground) are characterized as producing no more than 90,000 cubic feet per day over a 12-month period.To read more or comment...
An oversupply of gasoline and other factors are driving down crude oil prices, CNBC reports:
"Oil prices are heading lower and could fall into the $30s before the latest shakeout ends sometime during the fall months.
"But analysts say this sell-off is nothing like the one that took West Texas Intermediate crude to $26 earlier this year, and some of the factors behind it are seasonal.
The full story is here.
Houston-based Halcon Resources Corp, which has about 128,000 acres in the Utica and Point Pleasant shales in Ohio, has filed for Chapter 11 bankrtuptcy protection. Here is the press release:
"Halcón Resources Corporation (NYSE:HK) ("Halcón" or the "Company"), and certain of its subsidiaries, today announced that they had filed voluntary petitions under chapter 11 of the Bankruptcy Code to pursue a pre‐packaged plan of reorganization in accordance with its previously announced comprehensive balance sheet restructuring efforts (the "Restructuring Plan").
"Under the Restructuring Plan, the Company will eliminate approximately $1.8 billion in long-term debt and will reduce annual interest expense by more than $200 million. The Restructuring Plan also provides that existing holders of Halcón common stock will receive 4.0% of the common stock of the reorganized Company (subject to dilution set forth in the Restructuring Plan).
For the full release, go here.To read more or comment...
The number of drilling rigs in the Utica Shale and Point Pleasant Shale areas of Ohio totaled 16 as of July 23, the Ohio Division of Natural Resources reported Tuesday.
The number of permits for horizontal wells totalled 2,201, while the number of horizontal wells drilled in the state totaled 1,763.
Higher and more stable crude oil prices are contributing to increased drilling in the United States, which may slow the pace of production declines, the U.S. Energy Information Administration reported Tuesday.
"In addition to having more rigs drilling new wells, the average productivity of rigs continues to increase.
"The new-well oil production per rig through July 2016 averaged 796 barrels per day (b/d) in the Bakken region, 983 b/d in the Eagle Ford, and 470 b/d in the Permian, according to EIA's latest Drilling Productivity Report.To read more or comment...
The number of oil rigs in the United States is bouncing back despite low oil prices, indicating that the shale oil industry is bouncing back, writes The American Interest web site:
"Rig counts were the primary metric seized on by analysts and the media as evidence of the shale boom going 'bust,' but we noted then that this was something of a problematic indicator—the first rigs taken out of operation were naturally the least profitable and least productive.
"n other words, this was more a culling of the herd than evidence of an impending population collapse."
Read the whole thing here.To read more or comment...
The ever-increasing amount of natural gas coming from Ohio's Utica Shale is getting ever-increasing national attention. Take this story from The Daily Caller:
"... The state’s energy production is still surging, as its natural gas production grew 41 percent faster last year than it did in 2014, according to the Energy Information Administration
“'The energy renaissance that’s transforming our nation is bringing great benefits to Ohio including jobs in the state. In fact over 255,000 jobs are supported by the oil and natural gas industry in Ohio,' Jack Gerard, the president of the American Petroleum Institute, wrote in Your Oil And Gas News. 'Over the last decade, natural gas production has increased by more than 1000 percent in the state due in part to the technological advancements in hydraulic fracturing that has contributed to Ohio’s energy revolution.'”
Read the full story here.To read more or comment...
The trade association American Petroleum Institute says the dramatic increase in natural gas production from fracking in the United States has led to an equally dramatic reduction in carbon emissions:
"The United States is leading the world in natural gas production that has increased 46 percent over the past decade. The leadership of the United States in natural gas production has also led to our nation being a global leader in the reduction of carbon emissions which are near 20-year lows."
Read the API story here.To read more or comment...
Gear up for a fall in oil prices, writes FuelFix.com:
"The global oil market is 'severely oversupplied' with gasoline — with stocks at a five-year high — serving as a blow to crude prices from next month, reckon Morgan Stanley analysts led by Adam Longson.
"In a report published on Sunday, the analysts foresee “worrisome trends” for oil supply and demand, led by refineries generating too much gasoline in recent months. Faced with the need to cut back on capacity utilization to protect profit margins, these refineries are set to crimp crude oil purchases and drag prices lower, the analysts say."
The full FuelFix story can be found here.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.