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Ohio Utica Shale

French energy company writes down value of U.S. shale assets

By Bob Downing Published: October 10, 2012

From Bloomberg News:

Total SA, Europe's third-biggest oil company, has for the first time written down the value of its U.S. shale assets.

Total's depreciation on its Barnett shale holdings in Texas amounted to 700 million euros or $911 million after taxes n the third quarter.

Total recognized a charge of 800 million euros of special items in financial results released today. That's mostly from U.S. shale assets and a one-off 4 percent tax on crude and refined oil product inventories imposed by French President Francois Hollande.

The shale markets have been hit by a supply glut that has driven down prices paid for natural gas.

Total has a joint venture in Texas with Oklahoma-based Chesapeake Energy Corp.

The two companies also have a partnership in the liquid-rich Utica shale in eastern Ohio.. 





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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.