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Ohio Utica Shale

ConocoPhillips to focus on North American shale

By Bob Downing Published: May 12, 2012

According to the Houston Chronicle, ConocoPhillips intends to expand its position in North American shale.

The comments came on Wedneday from new CEO Ryan Lance.

It intends to focus on oils and natural gas liquids in South and West Texas and North Dakota, he said.

"They are going to show strong growth for the industry and for our company," he said. "We're putting a significant amount of our capital investment in that area and generating very high returns."

On May 1, Conoco Phillips' refineries, pipelines and chemical plants spun off to form a separate company, Phillips 66.

ConocoPhillips produces about 1.6 million barrels of oil equivalent per day and plans to expand that to 1.8 million barrels per day.

It has scaled back its investment in dry natural gas as the price has dropped.

North America natural gas makes up 24 percent of the company's portfolio.

Lance predicted that natural gas sales will boom again as it replaces coal as fuel in power plants that generate electricity.

 

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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.

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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.