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Ohio Utica Shale

Shale boom is bearish for crude oil prices

By Jim Mackinnon Published: April 12, 2013

Bloomberg Businessweek reports that crude oil prices appear headed downward for at least the first half of this year in part because of the shale boom.

The magazine also reports: "U.S. output of oil and natural gas from shale deposits may rise at a slower rate through 2014 because the developments will require almost 3,000 rigs to drill as many as 65,000 wells, in order to keep up the current pace of expansion, according to an estimate from Sadad al-Husseini, founder of Husseini Energy, an independent consultant based in Dhahran, Saudi Arabia. That’s up from 1,874 rigs last year.

“'Oil shales are great, but scaling it up, that’s a big order,'” Husseini, who retired from Saudi Arabian Oil Co. in 2004, said at the forum."

The Businessweek story is here.



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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.