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From NewsOutlet.org
Utica shale and fracking news
- Ohio injection well operator fights state action
- Muskingum district sells more water from reservoir for use in fracking
- Utica shale analyzed in Ohio
- Oil ventures could tap Utica shale in Stark, Tuscarawas counties
- Ohio is getting first cryogenic processing plant at Cadiz for natural gas from Utica shale
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Injection wells are efficient for liquid waste disposal from drilling, supporters say
- Gulfport aggressive on Ohio drilling prospects
- Anti-fracking amendment rejected in Youngstown
- New natural gas pipeline could run from Utica shale region through Akron area to Detroit, Ontario
- Anti-fracking amendment on ballot in Youngstown
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.
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.
Chesapeake Energy completes midstream sale
From Chesapeake Energy Corp.:
Chesapeake Energy Corporation : Announces Agreement to Sell a Substantial Majority of Its Remaining Midstream Assets for $2.16 Billion
12/11/2012| 05:40pm US/EasternRecently Completed Midstream Transactions Yield Additional Proceeds of $175 Million; Additional Midstream Sales of $425 Million Anticipated by the End of the 2013 First Quarter, Bringing Total of Current and Anticipated Midstream Asset Sales to $2.75 Billion
Combined with $2.125 Billion of Midstream Sales Completed in the 2012 Second and Third Quarters, Chesapeake to Net a Total of $4.875 Billion from its Midstream Exit
Chesapeake Energy Corporation (NYSE:CHK) today announced it has entered into a definitive agreement to sell a substantial majority of its remaining midstream assets to Access Midstream Partners, L.P. (NYSE:ACMP) for approximately $2.16 billion. These midstream assets are located primarily in the company's Marcellus, Utica, Eagle Ford, Haynesville and Niobrara shale plays. The transaction with Access includes new market-based gathering and processing agreements covering various acreage dedication areas and is expected to close by the end of 2012.
Additionally, the company has recently completed the sale of other midstream assets in Oklahoma and Texas during the 2012 fourth quarter for approximately $175 million.
Finally, Chesapeake anticipates completing the sale of its remaining midstream assets, including Mid-Continent and other assets, by the end of the 2013 first quarter for approximately $425 million, bringing the total of current and anticipated midstream asset sales to $2.75 billion. Including the approximate $2.125 billion of midstream asset sales completed in the 2012 second and third quarters, the proceeds from the company's midstream exit are anticipated to total approximately $4.875 billion.
Jefferies & Company, Inc. and Goldman, Sachs & Co. are serving as financial advisors to Chesapeake on its midstream transactions.
Management Comment
Aubrey K. McClendon, Chesapeake's Chief Executive Officer, stated, "We are pleased to announce further progress towards our asset sale goals for 2012-13. We look forward to completing additional asset sales and achieving our goals of strengthening our balance sheet, tightening our asset focus and increasing returns to shareholders."
