Utica shale and fracking news
Utica and Marcellus shale web sitesOhio 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.
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.
A press release received today from the Energy Policy Forum and Post Carbon Institute on the release of two reports looking at shale drilling.
Santa Rosa, CA - February 19 - Energy Policy Forum & Post Carbon Institute have released two groundbreaking reports that belie energy industry claims of U.S. energy independence as a result of newly accessible shale gas and shale (tight) oil.
The report findings are based on an unprecedented analysis of over 60,000 U.S. shale oil and gas wells and an investigation of the role of Wall Street investment banks in the explosive growth of fracking for natural gas.
Drill Baby Drill: Can Unconventional Fuels Usher in a New Era of Energy Independence? by J. David Hughes takes a critical look at the prospects for shale gas, shale/tight oil and other unconventional fuels.
Download PDF: http://shalebubble.org/drill-baby-drill
Shale & Wall Street: Was the Decline in Natural Gas Orchestrated? by Deborah Rogers uncovers the role of Wall Street investment banks in inflating the natural gas bubble to their advantage.
Download PDF: http://shalebubble.org/wall-street
Together, the independent reports reassess current common wisdom about the tight oil and shale gas booms that are sweeping America. The reports comprise a thorough and up-to-date analysis of data on U.S. oil and gas wells and a comprehensive review of the financial status of the companies leading the charge.
What emerges from the data:
- Overall field decline rates are so steep that 30-50% of shale gas production and 40% of shale oil production must be replaced annually to offset declines.
- High productivity shale plays are not ubiquitous. Just six plays account for 88% of shale gas production and two plays account for 80% of shale oil production. Furthermore the most productive areas constitute relatively small sweet spots within these plays.
- Maintaining production requires high rates of high-cost drilling—8,600 new wells annually for shale gas and oil. This will increase as sweet spots are drilled off.
- High drilling rates require extremely high rates of investment—$48 billion a year to maintain shale gas and oil production considering drilling costs alone – much more if full cycle costs are included. These costs will increase dramatically as plays age.
- Wall Street promoted the shale gas drilling frenzy, which resulted in prices lower than the cost of production and thereby profited [enormously] from mergers & acquisitions and other transactional fees.
- Shale gas has become one of the largest profit centers in some investment banks, in direct parallel with the decline of natural gas prices.
- Due to extreme levels of debt, stated proved undeveloped reserves (PUDs) may have been out of compliance with SEC rules at some shale companies because of the threat of collateral default for some operators.
Hughes and Rogers suggest the fracking boom may be a costly, risky, short-term “fix” for America’s long-term dependency on depleting oil and gas. Rather than offering the nation a century of cheap energy and economic prosperity, fracking may instead present us with a short-term bubble that comes with exceeding high economic and environmental costs.