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.
The Ohio Environmental Council, a statewide eco-group based in Columbus.
Earthjustice, a national eco-group.
People's Oil and Gas Collaborative-Ohio, a grass-roots group in Northeast Ohio.
Concerned Citizens of Medina County, a grass-roots group.
No Frack Ohio, a Columbus-based grass-roots group.
Fracking: Gas Drilling's Environmental Threat by ProPublica, an online journalism site.
Pipeline, blog from Pittsburgh Post-Gazette on Marcellus shale drilling.
Allegheny Front, environmental public radio for Western Pennsylvania.
From the Marcellus Drilling News:
At the end of 2011, MarkWest Energy and The Energy & Minerals Group (EMG) announced that MarkWest was buying out EMG’s share in a 3-year-old joint venture deal in the wet gas portion of the Marcellus Shale called MarkWest Liberty Midstream. EMG owned a 49% stake in that JV (see MarkWest Pays $1.8B to Buy Out JV Partner in Liberty Midstream). At the time of the buyout, the two companies announced they would form a new JV to build midstream infrastructure in Ohio's Utica Shale starting in 2012.
The new Utica JV (called MarkWest Utica EMG) ramped up in early 2012 as the pair set out to duplicate their success in building out the Marcellus in the fledgling Utica. The strategy? “Creating a large network of processing complexes connected through an extensive NGL gathering system,” which they immediately began to do by beginning construction on two new processing complexes in Harrison and Monroe counties in Ohio (see MarkWest to Expand/Build NGL Plants on New Agreements). Just one tiny problem: the Utica JV is now running short on cash…
On Tuesday, MarkWest and EMG announced an update to their Utica JV plans: EMG is more than doubling their investment in the Utica JV—from $450 million to $950 million. Normally an increase like that would mean EMG gets a bigger ownership share of the JV, but according to the press release, such is not the case. Interesting.
In the same announcement, MarkWest says they will contribute an additional $150 million to the Utica JV on “a short-term basis.” MarkWest will be reimbursed for its “contribution” out of the new money coming from EMG. Translation: The JV is going well but cash has dried up, so MarkWest is floating the JV a short-term loan until a larger “hit” comes in from EMG.
In addition to the two processing complexes they’re building, the Utica JV is working on gathering pipeline systems and pipelines for natural gas liquids (NLGs). The Utica JV has signed up Antero Resources, Gulfport Energy and Rex Energy as customers for their pipeline/processing plant infrastructure. The JV plans call for pipelines to other processing plants and even a connection from one of their plants to the ATEX ethane pipeline which will carry ethane from the Marcellus and Utica all the way to the Gulf Coast for processing.
Here is the statement from the two companies:
DENVER--(BUSINESS WIRE)--Feb. 5, 2013--
MarkWest and EMG also executed an amendment to the L.L.C. Agreement that provides for MarkWest to contribute up to
The Utica Joint Venture is currently developing a fully-integrated midstream system to support rapidly expanding development plans of producers including Antero Resources,
The anticipated additional capital contributions by EMG will allow the Utica Joint Venture to continue to rapidly expand its presence throughout the
“We are pleased to announce the continued development of our
“We are thrilled to once again leverage our relationship with MarkWest to help meet their liquidity needs with a large scale flexible solution that contemporaneously meets the needs of the producer community for additional capacity given the drilling results experienced to date in the Utica,” stated