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Ohio Utica Shale

Entities seek millions from estate of Aubrey McClendon, former Chesapeake Energy CEO

By Jim Mackinnon Published: August 26, 2016

Duke University is among the entitiesfiling claims against the estate of Aubrey McClendon, former head of Chesapeake Energy Corp., reports via The Associated Press:

"Duke University has filed a $9.9 million claim against the estate of former Chesapeake Energy Corp. CEO Aubrey McClendon for pledges the Duke alumnus made that the university says were unpaid at the time of his death in a fiery highway crash.

"The claim, which the Durham, North-Carolina-based school filed Aug. 12 in Oklahoma County District Court, is among several totaling hundreds of millions of dollars that seek part of the estate. McClendon was one of the founders of the Oklahoma City-based petroleum and natural gas exploration and production company and part owner of the NBA’s Oklahoma City Thunder.

"McClendon, 56, was killed March 2 when his SUV smashed head-on into a bridge wall at nearly 80 mph a day after McClendon was indicted by a federal grand jury for alleged bid rigging"

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Utica Shale rigs unchanged, drilled wells increase

By Jim Mackinnon Published: August 24, 2016

The number of drilling rigs in the Utica Shale and Point Pleasant Shale areas of Ohio totaled 14, the same as a week ago, the Ohio Division of Natural Resources reported Tuesday.
The number of permits for horizontal wells totalled 2,217, while the number of horizontal wells drilled in the state rose to 1,776, up from 1,771 a week ago.

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Here are the dominant companies in the Utica Shale

By Jim Mackinnon Published: August 24, 2016

The Motley Fool investment advice web site takes a look at the major companies tapping the Utica Shale:

"Due to the energy market downturn, Ohio's production will not grow that rapidly in 2016.

"However, the Utica shale boom is far from over, because there's still a tremendous amount of oil and gas trapped within its rocks.

"Several producers are working to extract those hydrocarbons, though five companies stand above the rest as the dominant players in the Utica."

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Windfall profits 10 years ago, now a record $184 billion in debt

By Jim Mackinnon Published: August 24, 2016

Slumping oil prices have led to a record $184 billion in debt for four of the world's largest energy companies.

The Wall Street Journal reports:

"The soaring debt levels are a fresh reminder of the toll the two-year price slump has taken on the oil industry. Just a decade ago, these four companies were hauled before Congress to explain 'windfall profits' but now can’t cover expenses with normal cash flow"

Read the full story here.

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Rising oil prices test 'shale band' theory

By Jim Mackinnon Published: August 24, 2016

The Wall Street Journal writes that the so-called "shale band" theory is being tested:

"The return of oil prices to about $50 a barrel presents a test for an idea that gained currency early after the market’s long swoon began two years ago: the “shale band.”

"The term was coined back in May of 2015 by Olivier Jakob, managing director of Petromatrix, a consultancy based in Switzerland. Mr. Jakob said U.S. oil production trends would be determined by two price points—$45 a barrel, below which oil produced from shale formations would drop off, and $65 a barrel, above which there would be 'massive [shale] production coming online.'

"In between was the shale band, a range where shale supply would be basically steady, according to Mr. Jakob’s theory."

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Large increase in U.S. shale drilling rigs tied to oil price rise

By Jim Mackinnon Published: August 22, 2016

U.S. shale drillers have dramatically increased the number of working rigs as oil prices have gone up, reports. "U.S. producers have put 76 oil rigs back to work in eight weeks, the biggest and longest increases since 101 were added a couple months before the price crash started in mid-2014, Baker Hughes Inc. data released Friday show."

Read the full story here.

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U.S. drilling rigs rise by 10

By Jim Mackinnon Published: August 22, 2016

The number of drilling rigs working in the U.S. as of Aug. 19 rose by 10 from a week ago to 491, according to the latest Baker Hughes report. The number of rigs is down 394 from the same period in 2015.
To read the full report, go here.

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Utica Shale natural gas production to increase for decades

By Jim Mackinnon Published: August 22, 2016

The Utica and Marcellus shales are expected to increase natural gas production through 2040, the federal government reported Monday.

From the Energy Information Administration: "The two Appalachian shale gas plays, the Marcellus and Utica, have factors favorable for production: shallower geologic formation depths and proximity to consuming markets.

"Both Appalachian shale gas plays have remained resilient to the low natural gas prices and are projected to continue to drive total U.S. production in the long term.

"Shale gas production in these plays is expected to reach more than 40 Bcf/d by 2040, providing just over half of U.S. total shale gas production."

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Ohio Oil and Gas Association gives Tom Stewart its Oilfield Patriot Award

By Jim Mackinnon Published: August 18, 2016

Tom Stewart, the former executive vice president of the Ohio Oil and Gas Association, was recently presented with the association's Oilfield Patriot Award.

Here's the news release:

During an August 15 ceremony, the Ohio Oil and Gas Association (OOGA) presented Tom Stewart, former executive vice president of the OOGA and principal at Oilfield Policy Advisors with the Oilfield Patriot Award, an annual honor bestowed by the trade association.

Established in 2006, the award recognizes individuals who have made significant contributions to protect, promote and advance the common interests of those engaged in all aspects of Ohio’s crude oil and natural gas industry. Stewart was honored for his long-time advocacy on behalf of the industry, which has included working with both state and federal legislators and representing the interests of Ohio’s oil and gas producers for more than two decades. Stewart’s advocacy for producers wasn’t limited to actions before the legislature; he was also integral in negotiating a landmark agreement between producers and Dominion East Ohio that benefitted all parties.

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Stark State's ShaleNET program expands

By Jim Mackinnon Published: August 18, 2016

Stark State College is expanding its role in the ShaleNET program:

"Stark State has been awarded $506,483 from Ohio’s Education Innovation program to provide ShaleNET education and training to students at Eastern Gateway Community College and Hocking College.

"The Ohio Department of Higher Education selected the ShaleNET Share project for funding because it meets Governor John Kasich’s higher education strategy of promoting educational excellence and economic efficiency and stabilizing or reducing student tuition rates at colleges and universities.

"Through resource-sharing, the project leverages the equipment and technology in Stark State College’s $3.7 million Well Site Training Lab to provide state-of-the-art, industry-driven oil and gas education and training to students at Eastern Gateway and Hocking, expanding education and training opportunities at the lowest possible cost to students and the state. This collaborative approach will enable up to 80 students annually to earn a ShaleNET Measurement and Mechatronics Technician AAS degree and a ShaleNET Instrumentation and Measurement Technician Certificate by completing 40 hours of core/technical classes at their home institutions and 20 hours of field-specific, hands-on courses at Stark State College.

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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.