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EnLink Midstream introduces leadership team, board

By Bob Downing Published: February 28, 2014

From Crosstex energies today:

DALLAS – February 28, 2014 -- Crosstex Energy, L.P. (NASDAQ: XTEX) and Crosstex Energy, Inc. (the “Corporation”) (NASDAQ: XTXI) (collectively “Crosstex”) today announced the members of the Boards of Directors and the executive leadership team of EnLink Midstream that are expected to be appointed upon completion of Crosstex’s previously announced transaction with Devon Energy Corporation (“Devon”) and certain of its subsidiaries (the “Transaction”).

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Colorado judge rules that Broomfield fracking ban is valid

By Bob Downing Published: February 28, 2014

A Colorado judge on Thursday ruled that a five-year ban on fracking passed last November by the city of Broomfield is valid.

The issue had passed by 20 votes and was under legal challenges, but the ban is in effect and will remain in place, said Judge Chris Melonakis.

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Exxon Mobil proving critics of XTO Energy purchase wrong

By Bob Downing Published: February 28, 2014

From Bloomberg News on Thursday:

By Joe Carroll

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Workers finally cap two damaged wells in Greene County

By Bob Downing Published: February 28, 2014

Two damaged Chevron wells in southwest Pennsylvania were capped this week, after a Feb. 11 explosion and fire.

The wells in Dunkard Township in Greene County were finally capped last Sunday and last Tuesda, respectively.

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Access Midstream adds compression assets in Utica, Marcellus

By Bob Downing Published: February 28, 2014

From Access Midstream today:

OKLAHOMA CITY--(BUSINESS WIRE)--Feb. 28, 2014-- Access Midstream Partners, L.P. (NYSE:ACMP) today announced it has agreed to acquire certain midstream compression assets from MidCon Compression, L.L.C (“MidCon”), a wholly owned subsidiary of Chesapeake Energy Corporation, for $160 million. The planned acquisition adds natural gas compression assets, historically leased from MidCon, in the rapidly growing Utica Shale and Marcellus Shale regions. This transaction provides the opportunity to insource a key cost element of the Partnership’s business model at an approximate 8x forward EBITDA multiple and adds future organic growth to the portfolio. The assets include more than 100 compression units with a combined capacity of approximately 200,000 horsepower.

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Chesapeake sells midstream compression assets for $520 million

By Bob Downing Published: February 28, 2014

From Chesapeake Energy today:

OKLAHOMA CITY--(BUSINESS WIRE)--Feb. 28, 2014-- Chesapeake Energy Corporation (NYSE:CHK) announced today the execution of two agreements to sell midstream compression assets for total proceeds of approximately $520 million. Access Midstream Partners, L.P. (NYSE:ACMP) and Exterran Partners, L.P. (NASDAQ:EXLP) have agreed to purchase an aggregate of 437 compression units and related assets from Chesapeake subsidiary MidCon Compression, L.L.C. in two separate transactions which, subject to certain closing conditions, are expected to close before the end of the 2014 second quarter.

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Water stewardship subject of March 6 meeting in Carrollton

By Bob Downing Published: February 28, 2014

From the Carroll Concerned Citizens, a grass-roots group in Carroll County:

 

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Federal action could lead to new seismic testing off Atlantic coast

By Bob Downing Published: February 28, 2014

From the Associated Press on Thursday:

By STEVE SZKOTAK

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Tuscaloosa Marine Shale is in Southern drilling spotlight

By Bob Downing Published: February 28, 2014

From the Associated Press today:

By JEFF AMY

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Cartasite touts new system to monitor Colorado tanks, emissions

By Bob Downing Published: February 28, 2014

From Cartasite, a Colorado-based company::

DENVER, Feb. 27, 2014 /PRNewswire/ -- Colorado's new oil and gas well site emissions regulations will get a boost from technology developed by Cartasite, a Denver-based firm focused on realtime monitoring of remote sites and assets.

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Analyst says Gulfport grows production, disappoints investors

By Bob Downing Published: February 27, 2014

From analyst Tim Rezvan of New York-based Sterne Agee today on Gulfport Resources financial, operations report:

GULFPORT ENERGY CORP. (NASDAQ: GPOR) Flash Note
RATING: BUY

Price: $59.93
Price Target: $84.00

Our Call
We expect a mixed reaction to earnings that highlight Gulfport's unique ability to simultaneously grow production 28% q/q and disappoint investors. 4Q earnings offered fodder for bulls and bears: earnings missed on expenses (-), full-year production/spending/expense guidance is unchanged (+), a March production spike is needed to hit 1Q14 guidance (-), a search firm was hired for the CEO search (+) and for Board expansion (+), and a large bolt-on acquisition was announced at a full price.

• 4Q Earnings Come in Light. 4Q adjusted EBITDA of $53 million lagged us at $60 million and consensus of $62 million. 4Q adjusted EPS of $0.05 lagged us at $0.16 and consensus of $0.18. Higher than estimated interest expense and cash/non-cash G&A led to the shortfall to our estimates.

• No Change to Full-Year Production Guidance, But 1Q14 Production Guidance Depends on a Big March Spike. Full-year production guidance is unchanged. The company reported January production of 21.7 mboe/d and February production of 25.8 mboe/d. This implies March production of 35.6 mboe/d is needed to hit 1Q14 production guidance of ~27.8 mboe/d. With seven rigs running, the ramp seems feasible, but it represents a large hurdle when we don't expect much contribution from prolific dry gas wells until 2H14.

• Expense and Spending Guidance Unchanged, and 4Q Results Show Strong Traction on Expense Reduction. Cash unit costs decreased 37% y/y to $18.22/boe and LOE continued to trend down, averaging $5.45/boe for the quarter, 46% below the year-ago level. With seven rigs drilling a pad-focused development program, we expect further efficiencies and believe full-year cash unit costs of less than $10/boe is reasonable.

• Announcement on CEO Search and Board Additions is Important Positive Catalyst. The company hired a search firm to help with the CEO search and to find seasoned executives to expand the Board. The small, relatively unseasoned Gulfport Board has been a real issue for investors for several years, a large enough one to keep some long-only money on the sidelines. We are supportive of initiatives to bring in strong independent voices that can address the perceived Board deficiency.

• Large Bolt-on Acquisition Announced. The company announced a deal to acquire 8.2K net acres from Rhino Resources LP for $185 million. The position has 1 mboe/d of net production. The acreage is essentially working interests in existing Gulfport-operated properties, so the acquisition is an easy bolt-on, albeit at a full price. Wexford Capital owns 39.8% of the LP units in Rhino and its founder Charles Davidson owns 2.9% of the LP units. While the acquisition makes sense, the timing/price (a year after Gulfport took out Wexford working interests in its wells at $10K/acre) raises questions about the Wexford-Gulfport relationship.

 

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Mark West Energy Partners looks at Utica, Marcellus operations

By Bob Downing Published: February 27, 2014

From Mark West Energy Partners today:

4

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Antero has 80 wells nearing completion in Utioca, Marcellus

By Bob Downing Published: February 27, 2014

From Antero Resources:

DENVER , Feb. 26, 2014 /PRNewswire/ --

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Halcon Resources provides fourth-quarter, year-end results

By Bob Downing Published: February 27, 2014

From Texas-based Halcon Resources today:

HOUSTON, Feb. 26, 2014 (GLOBE NEWSWIRE) -- Halcón Resources Corporation (NYSE:HK) ("Halcón" or the "Company") today announced its fourth quarter and full year 2013 results.

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New seismic surveys may be possible on Atlantic Outer Shelf

By Bob Downing Published: February 27, 2014

From the American Petroleum Institute today:

WASHINGTON, February 27, 2014 – A soon-to-be released report from the Department of the Interior could move the government closer to allowing new seismic surveys to explore for oil and natural gas in the Atlantic Outer Continental Shelf, API Director of Upstream and Industry Operations Erik Milito told reporters on a conference call today:

“The Department of the Interior is about to take a critical step impacting American energy production, job creation and energy security in the years ahead.

“Seismic surveys are an advanced exploration technique used to locate potential oil and natural gas reserves. A positive environmental impact statement, or EIS, would move the government closer to allowing new exploration for oil and natural gas in the Atlantic.

“The energy we have today results from plans set in motion years ago. To continue America’s energy renaissance in the future, we must explore and plan for the future now.

“According to the study conducted by Quest Offshore Resources, oil and natural gas development in the Atlantic OCS between 2017 and 2035 could create nearly 280,000 new jobs along the East Coast and across the country.

“By permitting seismic surveys in the Atlantic and including Atlantic lease sales in the next five-year leasing plan, the Obama administration can build a long-term path to new jobs for American workers, new revenue for the government, and greater energy security for all of us.”

API represents all segments of America’s oil and natural gas industry. Its more than 580 members produce, process, and distribute most of the nation’s energy. The industry also supports 9.8 million U.S. jobs and 8 percent of the U.S. economy.

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Path to U.S. energy independence will be harder that it seems

By Bob Downing Published: February 27, 2014

From Bloomberg News:

By Asjylyn Loder
 

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Gulfport hails Utica shale results, expands lease holdings

By Bob Downing Published: February 27, 2014

From Gulfport Energy today:

OKLAHOMA CITY , Feb. 26, 2014 (GLOBE NEWSWIRE) -- Gulfport Energy Corporation (Nasdaq:GPOR) today reported financial and operational results for the quarter and year ended December 31, 2013 and provided an update on its 2014 activities.

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Colorado governor hails new air pollution rules on drilling

By Bob Downing Published: February 27, 2014

From the Associated Press:

By Kristen Wyatt
 

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Williams agrees to name two to its board of directors

By Bob Downing Published: February 26, 2014

From Williams on Tuesday:

Williams (NYSE: WMB), Corvex Management LP ("Corvex") and Soroban Capital Partners LLC ("Soroban") today announced that they have reached a mutual agreement under which, subject to the terms and conditions of the agreement, Eric Mandelblatt, Managing Partner of Soroban, will be promptly appointed to the Williams Board of Directors, and Keith Meister, Managing Partner of Corvex, or, at Mr. Meister's option a mutually-agreeable industry expert, will be appointed to the Williams Board of Directors at the regularly scheduled November 2014 board meeting.

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Ohio has 747 Utica drilled wells with 384 wells are in production

By Bob Downing Published: February 26, 2014

Ohio has approved 1,099 Utica shale permits, as of Feb. 22.

Of that total, 747 wells have been drilled and 384 are in production, the Ohio Department of Natural Resources reported.

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Value of natural gas net imports has dropped dramatically

By Bob Downing Published: February 26, 2014

From the U.S. Energy Information Administartion todAY:

Feb 26, 2014

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Chesapeake misses analysts' profit estimates

By Bob Downing Published: February 26, 2014

From Bloomberg News today:

Chesapeake Energy Corp., the second-largest U.S. natural gas producer, missed analysts’ profit estimates by the biggest margin in almost two years as energy prices fell and costs to exit leases and cut jobs rose.

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Chesapeake Energy updates Utica, Marcellus operations

By Bob Downing Published: February 26, 2014

From Chesapeake Energy Corp. today:

Utica Shale (eastern Ohio, Pennsylvania, West Virginia): Utica net production averaged approximately 189 mmcfe per day (345 gross operated mmcfe per day) during the 2013 fourth quarter, an increase of 309% year over year and 15% sequentially from the 2013 third quarter.

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Ohio Supreme Court hears arguments in Munroe Falls drlling case

By Bob Downing Published: February 26, 2014

Who will control gas and oil drilling in Ohio?

That was the central question today when the Ohio Supreme Court heard arguments in a Summit County case that could have major ramifications for drilling across Ohio.

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Ohio University's new report on Utica shale impacts

By Bob Downing Published: February 25, 2014

Click  here  to access the full Utica shale impacts report from Ohio University.

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Ohio University survey finds positive Utica shale impacts

By Bob Downing Published: February 25, 2014

Shale gas and oil development in eastern Ohio counties has increased tax revenues, sparked hotel development, beefed up restaurant business and led to migration of workers into the state.

In the first survey of elected officials in counties where gas and oil producers are drilling horizontal wells, installing pipeline and building processing plants, Ohio University found few environmental concerns.

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Carrizo Oil and Gas to drill second Utica well in March

By Bob Downing Published: February 25, 2014

From Carrizo Oil and Gas today:

HOUSTON, Feb. 25, 2014 (GLOBE NEWSWIRE) -- Carrizo Oil & Gas, Inc. (Nasdaq:CRZO)today announced the Company's financial results for the fourth quarter of 2013, proved oil and gas reserves for year-end 2013 and provided an operational update, which included the following highlights:

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McClendon company eying Oklahoma acreage for lease

By Bob Downing Published: February 25, 2014

A new Aubrey McClendon company has arranged $680 million to acquire leases in Oklahoma's Woodford shale and Mississippi lime.

The financing was announced by American Energy- Woodford.

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Connecticut considers ban on drilling waste storage, recycling

By Bob Downing Published: February 25, 2014

From the Associated Press on Monday:

By STEPHEN SINGER

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Magnum Hunter Resources offers Utica, Marcellus updates

By Bob Downing Published: February 24, 2014

From Magnum Hunter Resources today on its Utica-Marcellus shale operations:

Marcellus and Utica Shale

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Chesapeake seeks alternatives for oilfield services division

By Bob Downing Published: February 24, 2014

From Chesapeake Energy today:

OKLAHOMA CITY--(BUSINESS WIRE)--Feb. 24, 2014-- Chesapeake Energy Corporation (NYSE:CHK) announced today that it is pursuing strategic alternatives for its oilfield services division, Chesapeake Oilfield Services (COS), including a potential spin-off to Chesapeake shareholders or an outright sale. COS’ operations are currently conducted through Chesapeake’s wholly owned subsidiary, Chesapeake Oilfield Operating, L.L.C. COS had revenues in 2013 of approximately $2.2 billion, and its service offerings include drilling, hydraulic fracturing, oilfield rentals, rig relocation, and fluid handling and disposal.

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Ohio's Utica Shale Academy is slowly taking shape

By Bob Downing Published: February 24, 2014

A new charter school, the Utica Shale Academy, is taking shape in eastern Ohio.

The school for grades 9 to 12 is planned in Salineville in Columbiana County.

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Gates Mills mayor wants village to form land trust for drilling

By Bob Downing Published: February 24, 2014

The mayor of Gates Mills in eastern Cuyahoga County wants village residents to create a land trust that would negotiate Utica shale elases with drillers.

Such a scenario might give village residents more say in drilling, said Mayor Shawn Riley.

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Proposed West Virginia unitization rules die in committee

By Bob Downing Published: February 24, 2014

From the West Virginia Natural Gas Blog on Thursday:

"Horizontal producers likely will have be wait another year to get a drilling unitization law enacted by the West Virginia Legislature. Yesterday the House Energy Committee adjourned without taking any action on H.B. 4558, the proposed fair pooling act that was developed jointly by WVONGA and IOGA. The committee had received a full briefing on the provisions of the proposal from its staff counsel and had barely gotten into asking questions on various aspects of the bill when the chairman announced that, because there was a meeting of a major committee (Health), he was obligated to adjourn his meeting. There were numerous members of the committee who wanted to ask questions, and there were already seven amendments that had filed with the chairman. However, due to the lateness of the current 60-day session and other procedural rules, H.B. 4588 is not expected to receive further consideration."

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Chesapeake to re-enter Haynesville shale as gas prices climb

By Bob Downing Published: February 24, 2014

Climbing natural gas prices could help Chesapeake Energy profit off a plan to revive the nearly forgotten shale reservoir it had gambled billions of dollars on six years ago.

And the seven to nine rigs Chesapeake expects to deploy to the Haynesville shale in Louisiana this year could boost daily rates for U.S. land drilling companies, analysts say.

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Binding commitments for new Marcellus pipeline expansion

By Bob Downing Published: February 24, 2014

From Williams Partners on Thursday:

 

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Tiny Williston, N.D., has sky-high rents in Bakken shale

By Bob Downing Published: February 24, 2014

Tiny Williston, N.D., may be one of the most expensive places to live in the United States.

A 700-square-foot, one-bedroom apartment will cost about $2,400, according to the Houston Chronicle's FuelFix blog.

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Shale gas, NGLs trigger $100 billion U.S. chemical boom

By Bob Downing Published: February 24, 2014

From the American Chemical Council on Thursday:

WASHINGTON (February 20, 2014) – The American Chemistry Council (ACC) announced today that potential U.S. chemical industry investment linked to plentiful and affordable natural gas and natural gas liquids from shale formations has topped $100 billion. As of this month, 148 projects valued at $100.2 billion have been announced. These projects—new factories, expansions and process changes to increase capacity—could lead to $81 billion per year in new chemical industry output and 637,000 permanent new jobs by 2023. More than half of the investment is by firms based outside the United States.

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Exxon Mobil's CEO troubled about tower, neighborhood fracking

By Bob Downing Published: February 24, 2014

Rex Tillerson, chairman and CEO of Exxon Mobil Corp.,and some of his neighbors filed a lawsuit last year against a suburban Dallas water utility to stop construction of a 160-foot water tower, The Wall Street Journal reported Friday.

The suit alleges that the water tower is diminishing neighbors' property values and "causing unreasonable discomfort and annoyance to persons of ordinary sensibilities," the Huffington Post reported.

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Cabot Oil announces sales agreement, pipeline project

By Bob Downing Published: February 24, 2014

From Cabot Oil & Gas on Thursday:

HOUSTON , Feb. 20, 2014 /PRNewswire/ -- Cabot Oil & Gas Corporation (NYSE: COG) today reported the execution of a definitive Gas Sale and Purchase Agreement with a subsidiary of WGL Holdings (NYSE: WGL) and the execution of a binding Precedent Agreement with Transcontinental Gas Pipe Line Company, LLC (Transco) for a new pipeline with committed takeaway capacity from Cabot's acreage position in Susquehanna County , Pennsylvania. "This project is very unique in that the producer, the pipeline and the market have collectively combined resources to accomplish the individual goals of each party," stated Dan O. Dinges , Chairman, President and Chief Executive Officer. "Specifically for Cabot, we secure the optimal path for our previously announced Cove Point volumes (350,000 MMBtu per day) and add another sizeable agreement to our portfolio of long-term sales contracts, while utilizing a portion of our future anticipated free cash flow to invest in another infrastructure project."

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Cabot Oil has record-settting year in Marcellus shale

By Bob Downing Published: February 24, 2014

From Cabot Oil and Gas on Thursday:

HOUSTON, Feb. 20, 2014 /PRNewswire/ -- Cabot Oil & Gas Corporation (NYSE: COG) today reported its financial and operating results for the fourth quarter and full year ended December 31, 2013. Highlights for the full year include:

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Cabot Oil boosts reserves by 42 percent over year-end 2012

By Bob Downing Published: February 24, 2014

From Cabot Oil and Gas on Thursday:

HOUSTON , Feb. 20, 2014 /PRNewswire/ -- Cabot Oil & Gas Corporation (NYSE: COG) today reported year-end proved reserves of 5.5 trillion cubic feet equivalent (Tcfe), an increase of 42 percent over year-end 2012. "This level represents a doubling of our proved reserves in just three years from a 100 percent organic drilling program, despite an active divestiture program that has seen 380 Bcfe removed during this time period," stated Dan O. Dinges , Chairman, President and Chief Executive Officer. "Also of note is that this step change increase occurred while holding the undrilled proved undeveloped (PUD) percentage flat at 36 percent and the drilled PUD percentage flat between 4 and 5 percent." Total reserve replacement from all-sources was 522 percent for 2013 with an equally impressive all-sources finding cost of $0.55 per million cubic feet equivalent (Mcfe). "This finding cost achievement is the lowest figure reported by Cabot since 1992 and includes the impact of our oil initiatives throughout the Company," commented Dinges. "When looking at the all-sources finding cost for the Marcellus only, the figure drops to a truly remarkable $0.40 per Mcf."

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Shale gas boom is just beginning, ConocoPhillips chief says

By Bob Downing Published: February 24, 2014

The Houston Business Journal reported on Friday that ConocoPhillips chairman and CEO Ryan Lance said the America's shale revolution is just beginning.

He said shale gas development is in the first inning of a nine inning baseball game.

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Getting U.K. drilling permit slowing down shale boom

By Bob Downing Published: February 24, 2014

AFrom Bloomberg News on Thursday:

By Nidaa Bakhsh

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Cold weather in U.S. boosts petroleum demands in January

By Bob Downing Published: February 24, 2014

From the American Petroleum Institute lastweek:

WASHINGTON, February 20, 2014 ─ Total U.S. petroleum deliveries (a measure of demand) grew by 3.0 percent from January 2013 to 19.2 million barrels per day last month.

“Last month’s cold weather created high demand for propane and heating oil,” said API Chief Economist John Felmy. “Domestic crude oil production remains strong, and both gasoline and distillate production reached record highs for the month of January.”

Distillate deliveries increased by 0.5 percent from January 2013 and 9.0 percent from the prior month due to strong high sulfur distillate (HSD) demand. Deliveries of HSD, now used almost exclusively for heating oil, grew 63.1 percent from December 2013 and 12.4 percent compared to the prior year. “Other Oils” including liquid petrochemical feedstocks, naphtha, gasoil, and propane were 27.0 percent of total deliveries. Propane demand helped drive up deliveries of “other oils” by 10.3 percent over year-ago levels and 5.5 percent from the prior month.

Demand for gasoline moved up 1.1 percent from January 2013 but dropped 5.2 percent from December 2013 to average 8.3 million barrels per day. Deliveries of residual fuel oil decreased by 18.3 percent from the prior year to reach a record January low. Jet fuel demand increased by 7.6 percent from last year to the highest January level since 2008.

Crude oil production rose 15.1 percent from January 2013 to average close to 8.1 million barrels per day. This was the highest January output in 26 years. Natural gas liquids (NGL) production, a co-product of natural gas production, rose 16.6 percent from last year to average an all-time record of nearly 2.8 million barrels per day. According to the latest reports from Baker-Hughes, Inc., the number of oil and gas rigs in the U.S. in January was 1,769, down from December’s count of 1,771 but was up from January 2013’s count of 1756.

Total petroleum imports in January fell 7.9 percent from the prior year to 9.3 million barrels per day while refined product imports fell 18.1 percent over the same period. Both figures reached their lowest levels in 19 years. With increased crude production, crude oil imports in January fell to 5.2 percent from last year to 7.5 million barrels per day, the lowest level in 17 years.

Crude oil stocks ended in January at 361.1 million barrels. This was the second highest January inventory level in 32 years but a 4.4 percent drop from the prior year. Motor gasoline stocks fell 2.6 percent from January 2013, to 228.4 million barrels. Meanwhile, distillate fuel stocks ended at an 11-year low, down 11.1 percent from year ago levels to 116.7 million barrels. This was the lowest January inventory level since 2003. Jet fuel stocks were down 8.3 percent from January 2013 and stocks of “other oils” dropped 6.7 percent from year ago levels.

U.S. gross refinery inputs moved up by 5.7 percent from January 2013 to reach a new high for the month at 15.8 million barrels per day. Exports of refined petroleum products increased by 36.3 percent from the prior year to average 3.9 million barrels per day. This was the highest January export level ever, and was just 70 thousand barrels below last month’s record level of nearly 4.0 million barrels per day.

At 9.0 million barrels per day, gasoline production in January rose 4.5 percent from the prior year. Distillate fuel production rose 7.2 percent from last year to average nearly 4.8 million barrels per day. Both figures mark record highs for the month of January.

At a nine-year high for the month of January, the refinery capacity utilization rate averaged 88.6 percent in January, up 4.8 percentage points from the prior year, but was down by 3.7 percentage points from the prior month. API’s latest refinery operable capacity was 17.816 million barrels per day.

API is a national trade association that represents all segments of America’s technology-driven oil and natural gas industry. Its more than 550 members – including large integrated companies, exploration and production, refining, marketing, pipeline, and marine businesses, and service and supply firms – provide most of the nation’s energy and are backed by a growing grassroots movement of nearly 20 million Americans. The industry also supports 9.8 million U.S. jobs and 8 percent of the U.S. economy, delivers $85 million a day in revenue to our government, and, since 2000, has invested over $2 trillion in U.S. capital projects to advance all forms of energy, including alternatives.

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U.S. EPA approves injection well in Pa.'s Clearfield County

By Bob Downing Published: February 24, 2014

Federal environmental regulators  on Feb. 14 issued a permit for a new injection well in Pennsylvania's Clearfield County that will be used to dispose of oil and gas waste liquids.

The U.S. Environmental Protection Agency approved the permit for Windfall Oil and Gas of Falls Creek, Pa. to build and operate a disposal well in Brady Township.

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Mule Sidetracks buys Ohio short-line railroad for $3 million

By Bob Downing Published: February 23, 2014

Sale of the assets of Youngstown & Southern Railroad, the short line that runs from Youngstown to Darlington, Pa., to Mule Sidetracks LLC is complete, the Columbiana County Port Authority announced on Feb. 13.

Mule Sidetracks, an affiliate of Denver-based MarkWest Energy Partners LP, paid the port authority $3 million to complete the deal.

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NiSource advancing infrastructure-focused strategy

By Bob Downing Published: February 23, 2014

From NiSource last Tuesday:

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Rex Energy reports on Ohio, Pennsylvania wells

By Bob Downing Published: February 22, 2014

From Rex Energy on Wednesday:

STATE COLLEGE, Pa. , Feb. 19, 2014 (GLOBE NEWSWIRE) -- Rex Energy Corporation (Nasdaq:REXX) today announced its fourth quarter and full year 2013 operational and financial results.

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Pennsylvania high court rejects reargue request on Act 13

By Bob Downing Published: February 22, 2014

The Pennsylvania Supreme Court late Friday  denied a request from Gov. Tom Corbett’s administration to reargue the Act 13 case concerning the state’s oil and natural gas drilling law.

The court voted 5-1  to deny a request made by the state Department of Environmental Protection and Public Utility Commission, which argued that more evidence should be considered by the court.

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PDC Energy has 200 Utica shale sites targeted for drilling

By Bob Downing Published: February 22, 2014

From PDC Energy last week:

PDC Energy, Inc. (“PDC” or the “Company”) today reported its 2013 fourth quarter and year-end financial and operating results from continuing operations.

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Ohio is up to 737 drilled Utica wells, 367 wells in production

By Bob Downing Published: February 20, 2014

Ohio has approved 1,093 Utica shale permits, as of Feb. 15.

Of that total, 737 wells have been drilled and 367 wells are in production.

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Stewart envisions major boost in Ohio's Utica shale in 2014

By Bob Downing Published: February 20, 2014

MAYFIELD HEIGHTS: Ohio’s Utica shale is likely to get a "dramatic ramp-up" in 2014 and may get an even-bigger boost if technologies can be developed to tap its crude oil in the future, said the head of the Ohio Oil and Gas Association.

The Utica shale in eight eastern Ohio counties is an "attractive play" for natural gas and liquids, although efforts to find its crude oil have not been successful, said Tom Stewart, chief executive officer and executive vice president of the statewide trade group,

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Devon Energy announces $2.8 billion deal to sell Canadian assets

By Bob Downing Published: February 19, 2014

From Devon Energy:

 

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Devon Energy reports on 4Q 2013 earnings

By Bob Downing Published: February 19, 2014

From Devon Energy:

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Dozen governors pushing for state control over drilling

By Bob Downing Published: February 19, 2014

From Bloomberg News today:

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Natural Gas Pipeline looking at Gulf Coast mainline expansion

By Bob Downing Published: February 19, 2014

From Kinder Morgan today:

HOUSTON, Feb. 19, 2014 – Natural Gas Pipeline Company of America LLC (NGPL) announced the launch of a 14-day non-binding open season to gauge interest in the potential expansion of its Gulf Coast mainline system, which would increase NGPL’s capability to flow by up to 750,000 dekatherms per day of incremental volume from the Rockies Express Pipeline (REX) interconnection at Moultrie, Ill., to points south on its pipeline system. This expansion project will provide for incremental firm transportation service from the existing interconnect with REX to existing and growing markets along the Texas and Louisiana Gulf Coast. The project will source gas from the REX Moultrie receipt point and transport gas south to the Texok, South Texas and Louisiana delivery zones. The potential expansion would include the reversal of compressor stations, and minor pipe replacement and upgrade activities along NGPL.

“This project will help satisfy the needs of both producers and end-use customers as gas production increases in the Utica and Marcellus shale, and markets continue to grow in Louisiana and South Texas,” said Kinder Morgan Natural Gas Pipelines Central Region President David Devine.
The non-binding open season began on Feb. 18, and ends at 4 p.m. CT on March 4, 2014. Non-binding declarations of interest should be sent to Jim Lelio, director of Business Development for Kinder Morgan Natural Gas Pipelines Central Region, at jim_lelio@kindermorgan.com. Those interested in obtaining more detailed information about this open season can visit the Kinder Morgan web site.

NGPL is one of the largest interstate pipeline systems in the country with approximately 9,200 miles of pipeline, more than 1 million compression horsepower and 280 billion cubic feet of working gas storage. Kinder Morgan, Inc. (NYSE: KMI) operates NGPL and owns a 20 percent interest in the pipeline company. Myria Holdings Inc. owns the remaining interest.

Kinder Morgan is the largest midstream and the third largest energy company in North America with a combined enterprise value of approximately $110 billion. It owns an interest in or operates approximately 80,000 miles of pipelines and 180 terminals. Its pipelines transport natural gas, gasoline, crude oil, CO2 and other products, and its terminals store petroleum products and chemicals and handle such products as ethanol, coal, petroleum coke and steel. Kinder Morgan, Inc. (NYSE: KMI) owns the general partner interests of Kinder Morgan Energy Partners, L.P. (NYSE: KMP) and El Paso Pipeline Partners, L.P. (NYSE: EPB), along with limited partner interests in KMP and EPB and shares in Kinder Morgan Management, LLC (NYSE: KMR). For more information please visit http://www.kindermorgan.com/.

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Chevron catching flack for pizza coupons after explosion, fire

By Bob Downing Published: February 19, 2014

From the Associated Press:

DILLINER, Pa. (AP) — Chevron is drawing criticism on social media for giving out free pizza coupons to people who live near a Pennsylvania gas well that exploded and burned for days, leaving one worker missing and presumed dead.

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Pennsylvania DEP fines Halliburton $1.8 million for violations

By Bob Downing Published: February 19, 2014

From the Associated Press on Tuesday:

PITTSBURGH (AP) — The Pennsylvania Department of Environmental Protection has reached a $1.8 million settlement with Halliburton Energy Services over solid waste management violations.

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U.S. gas-to-liquids plants faces big challenges, EIA says

By Bob Downing Published: February 19, 2014

From the U.S. Energy Information Administration today:

Feb 19, 2014

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Anadarko announce $1.075 billion China divestiture

By Bob Downing Published: February 19, 2014

From Anadarko on Monday:

 

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Kasich reverses position, now against drilling in state parks, forests

By Bob Downing Published: February 19, 2014

Ohio Gov. John Kasich has reversed his position and is now aganst drilling for natural gas in Ohio state parks and forests, the Columbus Dispatch reported.

Click  here  to read the full story..

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Food & Water Watch against LNG exports, additional drilling

By Bob Downing Published: February 19, 2014

From Food and Water Watch:

Washington, D.C.— “The Obama administration’s intention to export liquefied natural gas (LNG) will sacrifice the well-being of U.S. communities to the oil and gas industry’s relentless thirst for profits. Promoting LNG also contradicts the administration’s claims that drilling and fracking for oil and natural gas will make the United States more energy secure. Rather than touting the so-called benefits of fracking and LNG, Energy Secretary Ernest Moniz should be looking for ways to transition the U.S. to truly sustainable sources of energy like wind and solar power.

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Crosstex offers guidance for new Enlink midstream companies

By Bob Downing Published: February 19, 2014

From the Crosstex Energy companies today:

DALLAS – February 19, 2014– Crosstex Energy, L.P. (NASDAQ: XTEX) and Crosstex Energy, Inc. (the “Corporation”) (NASDAQ: XTXI) (collectively “Crosstex”) today provided preliminary 2014 financial guidance for EnLink Midstream Partners, LP (MLP) and EnLink Midstream, LLC (GP) (collectively “EnLink Midstream”), assuming the completion of the previously announced merger and contribution transactions in the first quarter. The projections provided herein include financial synergies.

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Athens County group files appeal on new injection well

By Bob Downing Published: February 19, 2014

From the Athens County Fracking Action Network today:

Athens, Feb. 19, 2014––Attorney Richard Sahli submitted a brief Tuesday on behalf of Athens County Fracking Action Network (ACFAN) to the Ohio Oil & Gas Commission opposing the state’s motion to dismiss ACFAN’s appeal of a K&H Partners’ injection well. The well was permitted by Ohio Department of Natural Resources (ODNR) Oil and Gas Division, December 9, 2013, in Athens County, just weeks after a 3.5 M. earthquake, the first in the county in at least a century, and in spite of hundreds of letters and calls opposing the permit, including from the County Commission. The state’s motion seeks to prevent all appeals of injection well permits issued in Ohio. (ACFAN brief at acfan.org/injection-wells)

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Ohio activists alarmed by state connections in Utica shale patch

By Bob Downing Published: February 18, 2014

Ohio activists are up in arms over the close ties between Gov. John Kasich, drillers and the Ohio Department of Natural Resources.

Click  here  to read the EcoWatch account.

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Ohio Fracktion responds to Ohio campaign against eco-groups

By Bob Downing Published: February 18, 2014

From Ohio Fracktion:

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Air pollution from Eagle Ford fracking is problem, study says

By Bob Downing Published: February 18, 2014

From Americans Against Fracking:

 

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Two Ohio legislators seek hearings on Kasich, ODNR, drillers

By Bob Downing Published: February 18, 2014

From Ohio State Representatives  Nickie J. Antonio & Robert F. Hagan:

 

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Greene County well fire burns itself out after four days

By Bob Downing Published: February 17, 2014

A four-day-old  fire at a drilling site in Southwest Pennsylvania burned itself out over the weekend.

The site is in Greene County.

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Youngstown activists again collect signatures for May ballot

By Bob Downing Published: February 17, 2014

From Youngstown's Community Bill of Rights Committee on Friday:

 

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Activists to rally on Feb. 24 in Medina at Kasich's speech

By Bob Downing Published: February 17, 2014

From Medina County grass-roots groups:

 

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Company wants to build pipeline to take Utica gas to Gulf Coast

By Bob Downing Published: February 17, 2014

A Texas company wants to build a 76-mile-long, $468 million pipeline extension to move natural gas from the Utica and Marcellus shales to the Gulf Coast.

Texas Eastern Transmission LP said in a federal filing that it has agreements with four companies to transport natural gas.

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North American gas, oil production increasing, ICF report says

By Bob Downing Published: February 17, 2014

From ICF International:

North American Gas and Oil Production Continues to Accelerate, Says New ICF

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EnergyPoint Research releases satisfaction survey results

By Bob Downing Published: February 17, 2014

From EnergyPoint Reserach:

HOUSTON (Feb. 13, 2014) – EnergyPoint Research announces 2013 results for its Oilfield Products & Services Customer Satisfaction Survey, which has been conducted annually for the last decade to track the performance of oilfield suppliers in meeting the needs of the industry. The survey rates customer satisfaction levels of suppliers in four industry segments including offshore drilling, oilfield products, oilfield services and onshore drilling.

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Two injured in Kentucky gas pipeline explosion in Adair County

By Bob Downing Published: February 17, 2014

A 30-inch natural gas pipeline exploded last Thursday in Adair County, Ky.

The blast destroyed two homes and damaged a third. Two people were slightly injured.

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Three companies fined $93,000 for Bakken classification error

By Bob Downing Published: February 17, 2014

Three companies operating in North Dakota's Bakken shale were fined $93,000 in early February  for wrongly classifying crude oil being hauled from the field to tank car trains.

The U.S. Department of Transportation said Hess Corp., Marathon Oil Corp. and Whiting Oil and Gas Corp were cited for wrongly classifying cargo tanks that were delivering crude to rail facilities from the field.

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Bakken oil spill may take two years to clean up, North Dakota told

By Bob Downing Published: February 17, 2014

An oil spill in the Bakken shale near Tioga, N.D., will take up to two years to clean up, North Dakota state officials were told last week

Click  here  to read the story from the Bismark Tribune..

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Researchers say industrial wastes can be turned into proppants

By Bob Downing Published: February 17, 2014

From Penn State University:

UNIVERSITY PARK, Pa. -- Industrial and domestic waste materials are viable alternative sources of raw materials for engineering proppants -- particles used to open rock fractures -- for use in shale gas and oil recovery, according to Penn State material scientists John Hellmann and Barry Scheetz.

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Fairmont Supply opening location in Tuscarawas County

By Bob Downing Published: February 17, 2014

From Pennsylvania-based Fairmont Supply:

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Kasich's office in 2012 campaign to promote drilling in Ohio parks

By Bob Downing Published: February 17, 2014

A new document released on Monday indicates that Ohio Gov. John Kasich’s office was involved in drafting a 2012 state plan to promote hydraulic fracturing or fracking in Ohio state parks and forests, complete with a Nixon-style enemies list.

On Aug. 20, 2012, Wayne Struble, Kasich’s director of policy, sent invitations to eight of Kasich’s senior staffers, plus top administrators in the Ohio Department of Natural Resources.

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Wayne County businessman troubled by Ohio propane shortage

By Bob Downing Published: February 16, 2014

Wayne County’s Matt Kilbourne is frustrated and troubled by Ohio’s easing statewide propane crisis.

Kilbourne, part owner of the Pine Tree Barn and Farms off state Route 226 in Wooster Township, has seen his annual propane heating bill jump from $30,000 to $80,000.

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Corbett challenges Chesapeake Energy on royalty payments

By Bob Downing Published: February 15, 2014

Pennsylvania Gov. Tom Corbett and a state senator from northeastern Pennsylvania are calling for an investigation of how Chesapeake Energy deducts costs from natural gas royalty payments owed to landowners.

In a letter Thursday to Chesapeake CEO Robert Lawler, Mr. Corbett said he was disappointed that complaints of Pennsylvania landowners had not been heeded. He went on to ask state Attorney General Kathleen Kane to "examine this issue" and promised the support of his administration.

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Cleanup begins after crude oil train derails northeast of Pittsburgh

By Bob Downing Published: February 15, 2014

From Bloomberg News on Friday:

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Law firm suggests that Chesapeake Energy could be up for sale

By Bob Downing Published: February 15, 2014

The gas and oil team at the Ohio law firm, Benesch Friedlander Coplan & Arnoff LLP, is suggesting that Chesapeake Energy, a major player, in Ohio's Utica shale, could be up for sale.

It reports that activist investor Carl Icahn is seeking a cash bid of perhaps $40 a share for the Oklahoma-based company that had a financially challenged 2013.

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New York landowners sue state over Marcellus drilling delays

By Bob Downing Published: February 15, 2014

From Bloomberg News on Friday:

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Gastar, Gulfport get boost from Magnum Hunter's new well

By Bob Downing Published: February 14, 2014

From analyst Tim Rezvan of New York-based Sterne Agee  today:


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Member of 'Athens Eight' to get Ohio stewardship award

By Bob Downing Published: February 14, 2014

From Appalachian Resist today:

Kip Rondy, co-owner of Green Edge Gardens, and one of those recently arrested for blocking the K&H Injection Well in Athens County's Troy Township, is this year’s recipient of the Ohio Ecological Food and Farm Association Stewardship Award.

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Drilling companies continue to invest in Ohio's Utica shale

By Bob Downing Published: February 14, 2014

Shawn Bennett of Energy in Depth-Ohio is pleased with the continuing investment major drilling companies are making in the Utica shale in eastern Ohio.

Click  here  to read his story.

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Activist banned from 312.5 square miles of Pennsylvania

By Bob Downing Published: February 14, 2014

Pennsylvania anti-fracking activist Vera Scroggins has been legally banned from 312.5 squre miles of land in the state.

She is banned by a judge from any land leased by Cabot Oil and Gas, one of the biggest players in the Marcellus shale.

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Two energy firms in court fight over Texas-Oklahoma pipeline

By Bob Downing Published: February 14, 2014

From Bloomberg News:

By Tom Korosec and Andrew Harris

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Rice Energy acquires natural gas-gathering assets in western Pa.

By Bob Downing Published: February 14, 2014

From Rice Energy Inc. this week:

CANONSBURG, Pa., Feb. 12, 2014 /PRNewswire/ -- Rice Energy Inc. (NYSE: RICE) (the "Company") today announced the execution of a purchase and sale agreement whereby Rice Poseidon Midstream LLC, a wholly owned subsidiary of the Company, has agreed to acquire gathering assets in eastern Washington and Greene Counties, Pennsylvania, from M3 Appalachia Gathering LLC, a wholly owned subsidiary of M3 Midstream LLC, for $110 million in cash, subject to customary purchase price adjustments.

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Magnum Hunter unveils big natural gas well in Monroe County

By Bob Downing Published: February 14, 2014

From Magnum Hunter Resources:

HOUSTON, TX -- (Marketwired) -- 02/14/14 -- Magnum Hunter Resources Corporation (NYSE: MHR) (NYSE MKT: MHR.PRC) (NYSE MKT: MHR.PRD) (NYSE MKT: MHR.PRE) ("Magnum Hunter" or the "Company") announced today that the Company's first dry gas Utica Shale well, the Stalder #3UH located on the Stalder Pad (18 potential wells) in Monroe County, Ohio, was placed on production earlier this week and has recently tested at a peak rate of 32.5 MMCF of natural gas per day on an adjustable rate choke with 4,300 psi FCP. The well is still producing significant amounts of frac water at a current rate of 1,400 Bbls/d. The well is continuing to clean up, and the Company believes that the actual gas sales rate will likely increase further over the next several days as this water production declines. The Stalder #3UH well was drilled and cased to a true vertical depth of 10,653 feet with a 5,050 foot horizontal lateral, and successfully fraced with 20 stages. Triad Hunter, LLC, a wholly-owned subsidiary of the Company, is the operator with a 47% working interest. Other non-operated partners include Eclipse Resources, Statoil and Northwood Energy Corporation.

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Bloomberg offers look at Daniel J. Rice III of Rice Energy

By Bob Downing Published: February 14, 2014

From Bloomberg News:

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EQT proved reserves increase 39 percent to 8.3 TCFE

By Bob Downing Published: February 13, 2014

From Pittsburgh-based EQT Corp. on its Marcellus and Utica shale reserves today:

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CONSOL Energy to export ethane to Europe for processing

By Bob Downing Published: February 13, 2014

From CONSOL Energy today:

PITTSBURGH , Feb. 13, 2014 /PRNewswire/ -- CONSOL Energy Inc. (NYSE: CNX) announced today that it has entered into agreement with Ineos Europe AG , part of the Ineos Group , to export ethane via Sunoco Logistics' Mariner East infrastructure and the Marcus Hook Delaware River port for use in Ineos' European cracker complexes.

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Fire still burning at Chevron well in southwest Pennsylvania

By Bob Downing Published: February 13, 2014

From the Associated Press on Wednesday:

PITTSBURGH (AP) — One worker was injured and another went missing after a Tuesday morning explosion and fire at a natural gas well in southwestern Pennsylvania, near the West Virginia border.

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Grass-roots group to fight Belmont County frack waste project

By Bob Downing Published: February 13, 2014

A press release received last week from Freshwater Accountability Project Ohio:

GRAND RAPIDS, Ohio -- The Freshwater Accountability Project Ohio (FWAPOH), an organization of activists dedicated to water protection and opposed to oil and gas drilling via hydraulic fracturing (called “fracking”) today filed a legal challenge with the Ohio Gas and Oil Commission in Columbus, questioning the legality of a proposed 200-acre fracking waste disposal project on undeveloped government land in Belmont County, near Barnesville, Ohio.

Relying on a law that went into effect last September, the Ohio Department of Natural Resources (ODNR) approved the project application in less than one week for EnerGreen Holding Company LLC of Columbus to dump a projected 600,000 tons per year of drill cuttings and sludge from the fracking process. The process will include mixing radioactive and chemically-contaminated waste from fracking of gas and oil wells with coal ash and other ingredients to make hardened slabs for roadbeds and frack pads and to develop an industrial park on the port authority land.

Under a section of environmental law that allows the of solidification of oil and gas drilling wastes to be called, “beneficial use,” huge concrete-like pads of this material will be poured onto open fields for conversion to industrial sites. Classification of drilling wastes as “beneficial use” material allows the party disposing of the material to avoid paying state-imposed fees levied according to tonnage being dumped.

Industry insiders and scientists have known for some time that fracking waste can be radioactive. Drill cuttings, drilling muds and sludge are laden with heavy metals and chemical agents used to extract gas and oil from deeply-buried underground shale layers. Other toxic materials such as arsenic and Uranium 238 once buried safely more than a mile below ground are brought to the surface due to fracking.

EnerGreen LLC states in its application for the ODNR permit that it will dispose of “vertical drill cuttings” and some liquids. A typical fracked well in the Utica shale zones of Ohio requires over five million gallons of water which becomes contaminated, laden with toxins added to facilitate withdrawal of the gas and oil and those brought back to the surface from deep underground. An average 1,500 to 2,000 tons of additional waste is brought up in the drilling from deep underground which can include arsenic, barium, strontium and water-soluble radionuclides. The ODNR has permitted EnerGreen to proceed without any governing standards to plan and commence a project to dispose of more than 13,000,000 tons of contaminated waste over the next decade at the Barnesville site.

“By the stroke of a pen, the ODNR has issued a temporary permit on an expedited basis

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Appplications available for 2014 Ohio oil, gas scholarships

By Bob Downing Published: February 13, 2014

From the Ohio Oil and Gas Energy Education Program:

The Ohio Oil and Gas Energy Education Program (OOGEEP) and the Ohio Oil and Gas Energy Education Foundation (Foundation) are offering scholarships to students pursuing careers in Ohio’s natural gas and crude oil industry.

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Analyst expects more LNG export facilities to win approval in 2014

By Bob Downing Published: February 13, 2014

From New York-based analyst Michael Dudas of Sterne Agee on proposed LNG export facilities:

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Study says U.S. should re-examine global energy policies

By Bob Downing Published: February 13, 2014

From the Center for a New American Security last week:

 

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Federal report looks at rail transport of crude oil in U.S.

By Bob Downing Published: February 13, 2014

The Congressional Research Servide has released a new 25-page report looking at rail transport of crude oil in the United States.

It is entitled "U.S. Rail Transportation of Crude Oil: Background and Issues for Congress.:

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Eco-groups against Anadarko drilling in Pennsylvania state forest

By Bob Downing Published: February 13, 2014

From the Environmental Integrity Project last week:

PITTSBURGH AND WASHINGTON, D.C.///February 6, 2014///A plan by Andarko Petroleum Corporation for major drilling and development of natural gas in Pennsylvania’s unspoiled Loyalsock State Forest should raise major caution flags given the company’s long list of pollution and compliance problems over the last five years, according to a new report by the Environmental Integrity Project (EIP).

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Carroll group asks ODNR to halt Rosebud coal mine permits

By Bob Downing Published: February 12, 2014

From Carroll Concerned Citizens:

Rosebud Link to Freedom Industries Drives Request to Hold Coal Permits

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Pennsylvania eco-groups want drilling at least 1 mile from schools

By Bob Downing Published: February 12, 2014

From the Pennsylvania-based grass-roots group, Marcellus Outreach Butler, received today:

BUTLER, PA – As a partner in Protect Our Children, a coalition of organizations and citizens concerned about the risk posed to children by natural gas drilling and gas related infrastructure, Marcellus Outreach Butler is calling for such activity to be kept at least one mile away from schools. The gas well explosion and fire that began Tuesday, February 11 near Dunkard, Greene County, PA, which injured one worker and left another missing, feared dead, prompted the State Police to set a half-mile perimeter around the burning well.

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Ohio has 735 drilled Utica wells, 310 producing Utica wells

By Bob Downing Published: February 12, 2014

Ohio has approved 1,077 Utica shale permits, as of Feb. 8.

That includes 735 drilled wells and 310 producing wells, according to the Ohio Department of Natural Resources.

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EIA: Short-term uncertainties for global oil supply

By Bob Downing Published: February 12, 2014

From the U.S. Energy Information Administartion today:

Feb 12, 2014

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ANGA names a new executive vice president/government affairs

By Bob Downing Published: February 12, 2014

From America's Natural Gas Alliance today:

ANGA President and Chief Executive Officer Marty Durbin today announced that Frank J. Macchiarola has been named ANGA’s Executive Vice President, Government Affairs.

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Drillers unlikely to re-negotiate expiring Utica shale leases

By Bob Downing Published: February 12, 2014

Initial Utica shale leases in eastern Ohio will start to expire in the next few yeares, and it appears unlikely that drillers will re-negotiate most leases with landowners, says WKSU-FM's Tim Rudell.

Click  here  to read his full story.

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Antero reduces EURs for Utica condensates, analyst notes

By Bob Downing Published: February 12, 2014

On February 4, Antero Resources provided a summary of its year-end 2013 reserves.

As anticipated, the report showed strong overall proved reserve additions and an increase in Estimated Ultimate Recovery estimates in the Marcellus driven by the success of short stage length (SSL) completions.

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Bellaire gets signing bonus of $7,250 an acre from Gulfport

By Bob Downing Published: February 12, 2014

A village in Belmont County in eastern Ohio has signed a lease with Gulfport Energy that will pay $7,250 an acre.

Bellaire signed the lease that covers 66 acres owned by the village of 4,300.

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Crosstex sets March 7 vote on midstream merger with Devon Energy

By Bob Downing Published: February 12, 2014

From Crosstex Energy companies last week:

DALLAS—February 5, 2014—Crosstex Energy, Inc. (the “Corporation”) (NASDAQ: XTXI) and Crosstex Energy, L.P. (the “Partnership”) (NASDAQ: XTEX) (collectively, “Crosstex”) today announced that the Corporation will hold a special meeting of its stockholders on March 7, 2014, for stockholders of record as of the close of business on February 5, 2014 (the “record date”), to consider and vote upon the previously announced merger agreement entered into with Devon Energy Corporation (“Devon”) on October 21, 2013, pursuant to which Devon will combine substantially all of its U.S. midstream assets with Crosstex’s assets to form a new midstream business, EnLink Midstream.

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Crosstex Energy companies expands Permian operations

By Bob Downing Published: February 12, 2014

From the Crosstex Energy companies last week:

DALLAS, February 6, 2014 – The Crosstex Energy companies, Crosstex Energy, L.P. (NASDAQ: XTEX) (the “Partnership”) and Crosstex Energy, Inc. (NASDAQ: XTXI) (the “Corporation” and, together with the Partnership, “Crosstex”), today announced that the Partnership is continuing to expand its gas gathering and processing capabilities in the Permian Basin through a new long term, fee-based agreement with a major oil and gas producer in the region. This agreement builds upon the approximately $210 million in investments that Crosstex has already made in the Permian Basin to take advantage of growing production in the region, including its joint venture with Apache Corporation, the Mesquite fractionator and the Bearkat gathering and processing complex.

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EPA approves steps for using diesel fuels in shale drilling

By Bob Downing Published: February 11, 2014

From Bloomberg News:

By Mark Drajem

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Eco-group displeased with EPA guidance on diesel fuel use

By Bob Downing Published: February 11, 2014

From Environment America today in the wake of the EPA guidance on fracking with diesel fuels:

Washington, D.C. – Today, as we learn more every day about the chemicals used in fracking that threaten our environment and health, the U.S. Environmental Protection Agency released a long-awaited guidance for regulating the use of diesel fuel in fracking fluid under the Safe Drinking Water Act.

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EPA issues new guidance on fracking with diesel fuels

By Bob Downing Published: February 11, 2014

From the U.S. EPA today:

WASHINGTON-- Today, the U.S. Environmental Protection Agency (EPA) released revised underground injection control (UIC) program permitting guidance for wells that use diesel fuels during hydraulic fracturing activities. EPA developed the guidance to clarify how companies can comply with a law passed by Congress in 2005, which exempted hydraulic fracturing operations from the requirement to obtain a UIC permit, except in cases where diesel fuel is used as a fracturing fluid.

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Cooper hails federal approval of Louisiana LNG export terminal

By Bob Downing Published: February 11, 2014

From the Center for Liquified Natural Gas:

Washington, D.C.: Following today’s order from the U.S. Department of Energy (DOE) conditionally approving Cameron LNG’s non-free trade agreement application to export liquefied natural gas (LNG) from Hackberry, La., Center for Liquefied Natural Gas President Bill Cooper issued this statement:

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Ohio Petroleum Council has new name: API Ohio

By Bob Downing Published: February 11, 2014

The Ohio Petroleum Council has a new name.

It is now American Petroleum Institute (API) Ohio, according to Crain's Cleveland Business and the marcellus Drilling News.

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FERC orders more propane shipments to Midwest, Northeast

By Bob Downing Published: February 11, 2014

From the Federal Energy Regulatory Commission on Friday:

FERC Acts to Help Alleviate Propane Shortages in Midwest, Northeast

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U.S. rig total drops by 14 last week, according to Baker Hughes

By Bob Downing Published: February 11, 2014

From Bloomberg News:

Rigs targeting oil and natural gas in the U.S. declined by 14 last week to 1,771, according to Baker Hughes Inc. (BHI)

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ANGA pleased with federal ruling on Louisiana LNG terminal

By Bob Downing Published: February 11, 2014

From America's Natural Gas Association today:

Background: Following is a comment by Erica Bowman, Vice President, Research and Policy Analysis on the Department of Energy's (DOE) decision to conditionally authorize the Cameron LNG Terminal in Louisiana to export domestically produced natural gas.

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Gulfport Energy adds to land holdings in eastern Ohio

By Bob Downing Published: February 11, 2014

From the Oil and Gas Journal today:

Oklahoma-based Gulfport Energy Corp. signed an agreement to buy 22,000 net acres in the Utica shale in eastern Ohio from Windsor Ohio LLC, an affiliate of Wexford Capital LP, for $220 million.

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Demand, low-priced natural gas fueling domestic plastic boom

By Bob Downing Published: February 11, 2014

From the U.S. Energy Information Administartion last week:

Feb 5, 2014

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EPA Inspector General to look at drilling impacts to water

By Bob Downing Published: February 11, 2014

U.S. EPA's Office of Inspector General has published a "project notification" indicating that it too wants to get in on looking at drilling impacts on water.

That notice came out last week.

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API pleased with federal approval of LNG exports in Louisiana

By Bob Downing Published: February 11, 2014

From the American Petroleum Institute:

WASHINGTON, February 11, 2014 ─ API Director of Upstream and Industry Operations Erik Milito welcomed today’s authorization by the Department of Energy of liquefied natural gas (LNG) exports from Cameron Parish, Louisiana and urged the agency to quickly process over 20 remaining applications.

“It’s a positive sign for the U.S. economy that the Department of Energy has continued to work through these export applications,” said Milito. “The faster these terminals are approved, the faster Americans can enjoy the full benefits of the U.S. energy revolution brought about by advancements in hydraulic fracturing and horizontal drilling. LNG exports represent an immediate opportunity to create thousands of jobs, grow the economy, and reduce our trade deficit. This facility alone promises a potential investment of over $4 billion, and each export approval strengthens our competitive position in the international market. We urge Energy Secretary Moniz to ensure that 2014 is the year we lock down America’s trade advantage as the world’s leading producer of natural gas.”

Milito noted that the DOE’s analysis utilizedthe latest projections from the U.S. Energy Information Administration, which show that expectations for U.S. LNG exports have jumped by 160 percent since last year. According to the EIA’s 2014 Early Release Annual Energy Outlook, the U.S. will be a net exporter of LNG in 2016, as rising production creates new export opportunities while keeping domestic prices low.

Milito also cited a recent study of U.S. job gains and economic growth associated with future exports of LNG. According to the report, by ICF International, the economic benefits of LNG exports will extend far beyond natural gas-producing states, driving national job growth and increasing demand for U.S. steel, cement, equipment, and other goods.

API is the only national trade association representing all facets of the oil and natural gas industry, which supports 9.8 million U.S. jobs and 8 percent of the U.S. economy. API’s more than 580 members include large integrated companies, as well as exploration and production, refining, marketing, pipeline, and marine businesses, and service and supply firms. They provide most of the nation’s energy and are backed by a growing grassroots movement of more than 20 million Americans.

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Lupo faces wastewater pollution trial in federal court on April 8

By Bob Downing Published: February 11, 2014

From the Associated Press:

The former senior official of a northeast Ohio wastewater company charged with violating the federal Clean Water Act goes on trial April 8.

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One injured, one missing in Pennsylvania well explosion, fire

By Bob Downing Published: February 11, 2014

From the Associated Press:

One worker has been injured and another is missing after a natural gas well explosion and fire in southwestern Pennsylvania, within miles of the West Virginia border.

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Pipeline information meeting on Feb. 15 in Portage County

By Bob Downing Published: February 10, 2014

From Concerned Citizens Ohio:

 

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Boardwalk Pipeline drops after slashing quarterly payments

By Bob Downing Published: February 10, 2014

From Bloomberg News today:

Boardwalk Pipeline Partners LP (BWP), the natural gas transporter majority owned by Loews Corp., tumbled the most in almost four years after slashing quarterly payments to investors 81 percent as cash flow drops.

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Shale fracking may create golden age of natural gas

By Jim Mackinnon Published: February 10, 2014

International Energy Agency Executive Director Maria van der Hoeven thinks the world could be entering a "golden age of gas" because of fracking in this Oilprice.com interview re-printed by the web site Financial Sense.

van der Hoeven: "We didn’t predict a golden age of gas in 2011, we merely asked a pertinent question: namely, are we entering a golden age of gas? And we found that the potential for such a golden age certainly exists, especially given the scale of unconventional gas resources and the advances in technology that allow their extraction. But the potential for a golden age of gas hinges on a big “if,” and we elaborated on this in 2012 in a report called 'Golden Rules for a Golden Age of Gas'. Exploiting the world’s vast resources of unconventional natural gas holds the key to golden age of gas, we said, but for that to happen, governments, industry and other stakeholders must work together to address legitimate public concerns about the associated environmental and social impacts. Fortunately, we believe that unconventional gas can be produced in an environmentally acceptable way."

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CONSOL Energy reports 1.63 TCFE of proved reserves

By Bob Downing Published: February 10, 2014

From CONSOL Energy late last week:

PITTSBURGH , Feb. 6, 2014 /PRNewswire/ -- During 2013, CONSOL Energy Inc. (NYSE: CNX) added 1.63 Tcfe (net to CONSOL) of proved reserves through extensions and discoveries. Drilling and completion costs incurred during 2013 directly attributable to extensions and discoveries was $679.7 million . When divided by the extensions and discoveries of 1.63 Tcfe, this yields a drill bit finding and development cost of $0.42 per Mcfe. This is the fifth consecutive year that CONSOL Energy achieved sub- $0.50 per Mcfe drill bit finding and development costs. The company

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Rex Energy outlines 2013 total estimated energy reserves

By Bob Downing Published: February 10, 2014

From Rex Energy late last week:

STATE COLLEGE, Pa. , Feb. 3, 2014 (GLOBE NEWSWIRE) -- Rex Energy Corporation ("Rex Energy") (Nasdaq:REXX) today announced its total estimated proved oil, NGL and natural gas reserves as of December 31, 2013 .

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Antero Resources plans IPO for new midstream business

By Bob Downing Published: February 10, 2014

From Antero Resources late last week:

DENVER , Feb. 7, 2014 /PRNewswire/ -- Antero Resources (NYSE: AR) ("Antero" or the "Company") today announced the filing of a Registration Statement on Form S-1 with the Securities and Exchange Commission for the initial public offering of its midstream business as a master limited partnership (the "MLP"). The number of common units to be offered and the price range for the offering have not been determined. Antero intends to apply for a listing of the common units on the New York Stock Exchange under the symbol "AM." The Company intends to contribute substantially all of its midstream assets to the MLP and expects to retain a substantial portion of the MLP's common and subordinated units. The MLP's general partner interest and incentive distribution rights will be owned by Antero Resources Investment LLC , the Company's primary stockholder.

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U.S. oil, gas production help make 2013 record year for trade

By Bob Downing Published: February 10, 2014

From late last week from the American Petroleum Institute:

WASHINGTON, February 6, 2014 ─ API welcomed a report from the U.S. Department of Commerce revealing that rapid growth in the U.S. oil and natural gas industry helped to make 2013 a record year for U.S. trade. In 2013, the total U.S. trade deficit for goods shrank by $38.3 billion, while the trade deficit in petroleum products dropped by $56.2 billion, due to lower energy imports and increased exports.

“America’s energy revolution is the driving force behind a rapidly improving balance of trade,” said API Chief Economist John Felmy. “Innovations in hydraulic fracturing and horizontal drilling have put the U.S. in a position of strength, and we’re seeing that translate into more jobs, more exports, and less dependence on imported energy. Domestic oil and gas production also is powering a resurgence in U.S. manufacturing, as businesses take advantage of affordable and abundant energy supplies here in the U.S. To accelerate this growth and help meet the President’s goal of doubling exports, the Department of Energy should work quickly to address the backlog of applications to export liquefied natural gas and create thousands of new jobs.”

Recently, API unveiled a study demonstrating U.S. job gains and economic growth associated with future exports of liquefied natural gas.

API is the only national trade association representing all facets of the oil and natural gas industry, which supports 9.8 million U.S. jobs and 8 percent of the U.S. economy. API’s more than 580 members include large integrated companies, as well as exploration and production, refining, marketing, pipeline, and marine businesses, and service and supply firms. They provide most of the nation’s energy and are backed by a growing grassroots movement of more than 20 million Americans.

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EIA expands energy-mapping system to include gas, oil wells

By Bob Downing Published: February 10, 2014

From the U.S. Energy Information Administration today:

Today, the U.S. Energy Information Administration (EIA) expanded its U.S. energy mapping system tool to include the location of producing crude oil and natural gas wells developed across the United States. The new feature is the first of its kind, and allows users to see most crude oil and natural gas wells developed in the United States.

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Ohio has 707 drilled Utica wells, 300 in production, state says

By Bob Downing Published: February 10, 2014

Ohio has approved 1,074 Utica shale permits.

Of that total, 707 wells have been drilled and 300 are in production, as of Feb. 1, the Ohio Department of Natural Resources said.

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Eagle Ford production targeting oil-rich areas in Texas

By Bob Downing Published: February 10, 2014

From the U.S. Energy Information Administration today:

Feb 10, 2014

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Chesapeake has high hopes for Utica shale holdings

By Jim Mackinnon Published: February 7, 2014

Chesapeake Energy expects to double its Utica shale processing capacity by the end of the year, the Akron Beacon Journal reports.

Akron Beacon Journal: "The capacity increase will come even as Chesapeake on Thursday announced it was reducing overall 2014 capital spending by about 20 percent compared to 2013 levels.

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Chesapeake to cut back spending this year as production increases

By Jim Mackinnon Published: February 6, 2014

Chesapeake Energy Corp. says it will spend 20 percent less money on drilling and other capital expenditures in 2014 compared to 2013 while producing more natural gas and oil products..

Utica shale capital expenditures will be about 15 percent of total in 2014, the company said Thursday. Chesapeake is the number one driller in Utica shale in Ohio.

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Fracked natural gas to power trucks, buses and more, IBD story says

By Jim Mackinnon Published: February 5, 2014

James Detar at Investors Business Daily reports that large trucks, buses and even trains will be switching to natural gas instead of diesel in large part because of fracking and related fuel pricing trends.

Detar: " ... if natural gas prices stay below diesel, as expected, about 40% of the nation's new heavy trucks will run on natural gas by 2045, a National Petroleum Council report in 2012 projected.

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Shale gas not a game changer, column argues

By Jim Mackinnon Published: February 5, 2014

Michael Vickerman in a column in Midwest Energy News isn't buying into the argument that shale natural gas is a "game changer."

Vickerman, of RENEW Wisconsin, says natural gas production as well as current winter withdrawals point to something quite different.

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ExxonMobil announces major move into Utica shale

By Jim Mackinnon Published: February 4, 2014

ExxonMobil is increasing its Utica shale presences, the energy giant announced.

A company press release says: "Exxon Mobil Corporation (NYSE:XOM) today announced enhancements to its U.S. oil and natural gas portfolio managed by subsidiary, XTO Energy Inc., through separate agreements in the Permian Basin in Texas and Utica shale in Ohio.

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Aubrey McClendon doubles size of Utica shale holdings

By Jim Mackinnon Published: February 4, 2014

Aubrey McClendon continues to bet big on Ohio's Utica shale, Reuters reports.

Reuters: "Former Chesapeake Energy Corp CEO Aubrey McClendon's American Energy Partners said on Monday that it had struck three deals in Ohio's Utica shale region, doubling its holdings there.

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Higher natural gas prices helping energy industry

By Jim Mackinnon Published: February 4, 2014

Natural gas prices have been spiking and that is good news for the gas industry, although consumers will be paying more, reports RealClearEnergy.

RCE: " ... the higher price for gas makes drilling and marginal wells more economical.

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Shale energy reviving small 'teapot' refineries in U.S.

By Jim Mackinnon Published: February 3, 2014

The shale energy boom is reviving smaller mothballed refineries called "teapots" and leading to plans to build new refineries in the United States, Bloomberg News reports.

Bloomberg: "(Energy companies) Blue Dolphin, Valero Energy Corp. (VLO), Kinder Morgan (KMI) Inc. and others are trying to capitalize on the biggest boom in U.S. history by building new crude-processing equipment, reviving mothballed plants and opening new refineries."

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Shale energy boom also created a rail boom

By Jim Mackinnon Published: February 3, 2014

Rail shipments of oil are up more than 8,000 percent since 2006 in the United States largely because of the tapping of shale energy, reports RealClearEnergy.

Yes, that's right: More than 8,000 percent.

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Iraq's oil is a bigger story than shale, says Forbes

By Jim Mackinnon Published: February 3, 2014

The heck with shale energy. The real global energy story is the oil that will be gushing from Iraq in ever-increasing amounts in upcoming years, writes William Pentland at Forbes magazine.

Forbes: "'The emergence of Iraq as an oil power of the nature of Saudi Arabia is the big thing in the future of the oil business,' said Henry Groppe, a seasoned oil and gas analyst from Texas, in an interview on Wednesday with Toronto’s Globe & Mail. 'It dwarfs everything else. It’s the thing that everybody ought to be watching and following as closely as possible'

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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.