A Pennsylvania-based drilling company, PennEnergy Resources LLC, wants to build a pipeline to transport water from the Ohio River to Beaver County, Pa., for hydraulic fracturing or fracking.
Click here to read more.To read more or comment...
From EXCO Resources this week:
DALLAS--(BUSINESS WIRE)--EXCO Resources, Inc. (NYSE: XCO) (“EXCO” or the “Company”) on Wednesday announced that the Company is executing on its disciplined capital allocation approach to ensure the highest and best uses of capital. EXCO will be selectively developing its asset base during the first six months of 2016, while deferring a significant amount of the Company’s drilling inventory until commodity prices improve.
Capital Budget Overview
EXCO’s Board of Directors has approved an operated drilling and completion capital budget of $70 million for drilling nine gross wells through June 2016 and completing 18 gross wells through August 2016, a reduction of $101 million, or 59%, as compared to operated drilling and completion capital expenditures of $171 million through August 2015. Development during 2016 will be focused on natural gas drilling and completion activities in North Louisiana and East Texas where EXCO is targeting 20% to 35% rates of return.To read more or comment...
From the Associated Press:
WASHINGTON — A proposal to build the largest oil train terminal in the Pacific Northwest could result in a derailment every two years and an oil spill from a derailment once every 12, according to a draft analysis by a Washington state agency.
The document, released Tuesday, indicates that most fire departments along the oil trains’ rail route are not prepared for a spill or fire that could accompany a derailment. Out of the 12 departments that responded to the survey request, only one indicated its firefighters are trained and equipped for such an incident.
Further, only half the departments said they knew the locations of BNSF Railway’s specialized firefighting equipment closest to their jurisdiction. And while three-quarters of them reported having access to personal protective equipment, firefighting foam and foam applicators, only a quarter said they had access to oil spill containment booms.To read more or comment...
Fom the Associated Press this week:
Williston’s City Commission has set a July 1 deadline for the elimination of oil field crew camps or man camps within city limits, but the issue still might not be resolved.
Commissioners on Tuesday voted 3-2 to approve an ordinance setting the deadline, after debate about its impact on the energy industry. However, Mayor Howard Klug said he will push for an amendment that could allow some temporary housing.
“It will be at the direction of the mayor, because I made a promise to get it done,” he told the Williston Herald after the meeting.To read more or comment...
From the Associated Press earlier this week:
State regulators are working on new rules that will guide the transportation of crude oil across Washington state.
The Department of Ecology is developing a rule that will require facilities to give the state advance weekly notice about crude oil shipments they receive. Pipelines would be required to provide biannual notice.
The agency is also figuring out what type of information the state will disclose to emergency responders, local and tribal governments and the public.To read more or comment...
From the U.S. Energy Information Administration today:
U.S. retail regular-grade gasoline prices continue to decline, averaging $2.09 per gallon (g) as of November 23, 73 cents lower than this time last year and the lowest heading into a Thanksgiving holiday weekend since 2008.To read more or comment...
From Energy in Depth-Ohio, a pro-drilling trade group:
by Jackie Stewart
email@example.com, Canfield, Ohio
Ohioans have much to be thankful for this year. Not only has shale investment brought over $33 billion to the state (creating thousands of jobs and millions in tax revenues), but this holiday season, travelers can be especially thankful for cheap prices at the pump.
Today, drivers from across the state have seen gas prices have fall to six year lows, dipping under $1.50 in some areas, a drop of more than 20 cents in just one week. In the Cincinnati area, gas prices have dropped 62 percent! That’s not the only good news this holiday season, either. The drop in gas prices means consumers will save a reported $7 billion at the pump during this holiday season, or about $40 per driver. So, feel free to invite your in-laws over for Thanksgiving, as this saving means Thanksgiving dinner for 8 people, according to the Farm Bureau. The Cincinnati Enquirer quoted Patrick DeHaan, a petroleum analyst for Gasbuddy, who said,To read more or comment...
From a recent press release:
ScottMadden, Inc., one of North America’s leading energy consulting firms, recently released its latest edition of The Energy Industry Update. This semi-annual publication offers our inside view of major events and emerging trends in the energy industry.
This edition of ScottMadden’s Energy Industry Update looks at the natural gas industry, in particular how ever-increasing gas resources can find adequate infrastructure to make their way to market.To read more or comment...
From Energy in Depth-Ohio on federal hearings to allow drilling in the Wayne National Forest in southern Ohio:
by Jackie Stewart
firstname.lastname@example.org, Canfield, Ohio
Last week, the Bureau of Land Management (BLM) held three public meetings regarding leasing federal minerals located in the Wayne National Forest (WNF). The meetings were held over a course of three days: the first meeting took place in Marietta, followed by Athens, and Ironton, Ohio. EID attended all three meetings in their entirety and witnessed, firsthand, how radical activists made a mockery of the opportunity to give public comment.
If the BLM thought the Athens meeting would go similarly to the first meeting in Marietta, where impacted citizens took the time to ask questions and submit public comment, they were sadly mistaken. In fact, the second meeting in Athens, a known anti-fracking activist hot bed, was the exact opposite of the previous night in Marietta. In fact, activists’ behavior got so out of hand at the Marietta meeting that BLM had to shut down the meeting early.To read more or comment...
From a press release today:
Egypt’s Zohr Gas Field Could Boost Other East Mediterranean Projects, says GlobalData
LONDON, UK (GlobalData), 24 November 2015 - With the giant Zohr gas field in Egypt expected to come online by 2018, and President Abdel Fattah Al-Sisi agreeing to remove any political obstacles to Eni commercializing the field, the stage is being set for a wider regional development plan catalyzing other projects in the east Mediterranean, according to research and consulting firm GlobalData.
The company’s latest analysis indicates that Zohr will yield an internal rate of return of 25%, assuming a flat gas price of $5.88 per thousand cubic feet and recoverable reserves of 22 trillion cubic feet (tcf), justifying a fast-track development.To read more or comment...
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.