Ohio's Upper Devonian shales hold great potential, says Ohio state geologist Tom Serenko.
That includes the Rhinstreet and Huron shales, he told the Youngstown-based Business Journal.
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From Penn State University last week:
UNIVERSITY PARK, Pa. -- Drilling in Pennsylvania's Marcellus Shale region led to a rapid increase in both the number of hotels and hotel industry jobs, but Penn State researchers report that the faltering occupancy rate may signal that there are now too many hotel rooms.
"Demand is still high in many of the counties in the Marcellus Shale region, but the occupancy rate is starting to come down," said Daniel Mount, an associate professor in hospitality management. "The case could be made that this is a sign that hotels were overbuilt."
Marcellus drilling operations generated approximately $685 million in hotel revenues and added an extra 1,600 new hotel jobs since 2006, according to the researchers, who report their findings in the International Council on Hotel, Restaurant, and Institutional Education Penn State Research Reports. However, the latest figures show that demand for rooms may be decreasing. For example, in 2012, demand was flat and occupancy was down 4.1 percent.To read more or comment...
From PDC Energy on Friday:
Under the proposed settlement agreement, the class action will be dismissed with prejudice and all claims will be released. The Company's settlement obligation consists of two components: first, an up-front cash payment by PDC of approximately
One injection well in Trumbull County has been cleared of causing earthquakes, but a second injection well remains under investigation, according to the Ohio Department of Natural Resources.
Both wells were shut down in August after a 2.1 earthquake occurred.
The shallower well only goes down about a half mile and it is unlikely that it caused the quake, the state said on Thursday.
The second well is deeper. It remains shut down.To read more or comment...
From Gastar Exploration on Thursday:
Gastar intends to use the net proceeds from the offering to repay all of the outstanding borrowings under its revolving credit facility, to fund its drilling and development program and for general corporate purposes. Gastar expects the offering to close on
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.