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Ohio Utica Shale

Higher natural gas prices mean less use of gas-fired boilers

By Bob Downing Published: April 29, 2013

From SNL Energy:

SNL ENERGY REPORT: DATA SHOW HIGHER GAS PRICES RESULT IN LESS USAGE OF PJM GAS-FIRED UNITS

SNL Energy looks at utilization rates for a subset of natural gas-fired power plants in the PJM region, finding an overall reduction in usage over a 12-month period ending March 31.

Excerpts:

"The utilization rates declined as the price of natural gas generally increased over the period. Utilization rates for regulated power plants decreased by 62.4%, while utilization rates for merchant plants dropped by 54.6%, according to SNL Energy data."

"SNL Energy data show that March 2012 appears to be the peak in utilizing natural gas-fired capacity in PJM, with regulated units reaching a roughly 50% utilization rate and merchant plants at nearly 39%. According to a January report by FBR Capital Markets & Co., use of combined-cycle gas turbines rose to 49% in 2012 from 37% the prior year."

Referenced Tickers: Tenaska Capital Management LLC, D, National Power Cooperative Inc, ITOCHU Corp., Dayton Power and Light Co., Equipower Resources Corp., CPN, PJM, Tyr Energy Inc., Buckeye Power Inc., MFC, Tenaska Energy, Conectiv Mid Merit LLC, DUK, Virginia Electric & Power Co., Tenaska Inc, GenOn Energy Inc, AEP, RRI Energy Wholesale, DPL Energy, Wabash Valley Power Assn Inc, Duke Energy Indiana Inc., Energy Capital Partners LLC, Chubu Electric Power Co. Inc., Electric Power Development Co, Hoosier Energy Rural Electric, J-POWER USA Investment Co Ltd, Dominion Energy, Hopewell Cogeneration LP, NRG, Duke Energy Ohio Inc., Ohio Power Co., GDF Suez SA, Dynegy Power, DYN, John Hancock Life Insurance Co, AES

Read the full report and analysis here: http://www.snl.com/InteractiveX/Article.aspx?cdid=A-17472371-12590

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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.