New York-based Hess Co. is not doing much drilling in eastern Ohio's Utica Shale.
But the company president, Greg Hill, does love Harrison County for being the hot spot in the Utica Shale.
That's what he told analysts last week.
Click here to read more from Columbus Business First.To read more or comment...
From Oklahoma-based Devon Energy today:
Devon Energy Corp. (NYSE: DVN) announced today that its board of directors has elected Dave Hager (58), most recently Devon’s chief operating officer, as the company’s new president and chief executive officer.
Hager succeeds John Richels (64), who announced plans to retire in December 2014. Hager assumed the roles of president and CEO on Aug. 1, the day after Richels’ retirement became effective.
Click here to read more about Hager.To read more or comment...
From Halliburton on Sunday:
HOUSTON – August 2, 2015 – Halliburton Company (NYSE: HAL) today announced that it has certified substantial compliance with the United States Department of Justice’s (DOJ) request for additional information (second request). Baker Hughes Incorporated (NYSE: BHI) previously certified substantial compliance with its second request on July 14, 2015. The companies each received second requests from the DOJ in February 2015 in connection with Halliburton’s pending acquisition of Baker Hughes. The second requests were issued under the notification requirements of the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (“HSR Act”). Both Halliburton and Baker Hughes continue to work constructively with the DOJ on the investigation.
Halliburton also confirmed that the company’s Form CO, the standard notification form required for merger approval by the European Commission, was filed on July 23, 2015. On July 31, Halliburton received notice from the Commission requesting additional information in a few discrete areas. The Commission considers this information necessary to complete the Form CO. Halliburton will work closely and cooperatively with the Commission to provide this additional information in the near future. This will then start the formal review process.
Halliburton is fully committed to a target of closing the acquisition in late 2015, though the acquisition agreement provides that the closing can be extended into 2016, if necessary.To read more or comment...
From Pittsburgh-based EQT Corp. last week:
PITTSBURGH--(BUSINESS WIRE)--EQT Corporation (NYSE: EQT) today announced completion of the flow-back operation on its Scotts Run 591340 dry Utica well located in Greene County, Pennsylvania. Last week, EQT Corporation announced the well’s 24-hour deliverability test of 72.9 MMcf per day, with an average flowing wellhead pressure of 8,641 psi. Following the 24-hour deliverability test, the well produced an average of 27.0 MMcf per day for a period of seven days under restricted choke, with an average flowing pressure of 9,563 psi.
The well is currently shut-in for installation of permanent production facilities that the Company expects to complete next week, after which a choke restricted rate of 25-30 MMcf per day is expected. The BTU content of the well is 1.018 MMBtu/Mcf with 98.5% methane.
Click here to read more.To read more or comment...
A press release from last week from three companies:
Phillips 66, Energy Transfer and Sunoco Logistics Form Joint Venture to Construct Crude Oil Pipeline from Nederland, Texas, to Louisiana Refinery Market
Joint venture will launch expansion open season for service to
St. James, Louisiana
HOUSTON, DALLAS and PHILADELPHIA, July 30, 2015 – Phillips 66 (NYSE: PSX), Energy Transfer Partners, L.P. (NYSE: ETP) and Sunoco Logistics Partners L.P. (NYSE: SXL) announced that they have formed a joint venture to construct the Bayou Bridge pipeline that will deliver crude oil from the Phillips 66 and Sunoco Logistics terminals in Nederland, Texas, to Lake Charles, Louisiana. The joint venture will also launch an expansion open season for service to the market hub in St. James, Louisiana. Phillips 66 holds a 40 percent interest in the joint venture and Energy Transfer and Sunoco Logistics each hold a 30 percent interest. Sunoco Logistics will be the operator of the system.
“The Bayou Bridge pipeline, combined with the storage and logistics capabilities of our Beaumont Terminal, provides enhanced opportunities to deliver North American heavy and light crudes into the Louisiana market that is heavily dependent today on marine and rail delivery of crude oil,” said Greg Garland, chairman and CEO of Phillips 66. “The pipeline also complements other pipeline projects we have underway to deliver Bakken crude oil to the Gulf Coast.”
“Energy Transfer is excited to be part of the Bayou Bridge pipeline with our two joint venture partners,” said Lee Hanse, executive vice president of Energy Transfer Partners. “This project is the logical next step in our development of logistical infrastructure to move crude oil to market centers across the U.S., and we believe that it will be a critical conduit for our shippers to transport multiple grades of crude oil to the major refining market in Louisiana.”
“We are pleased to partner with Energy Transfer and Phillips 66 on the Bayou Bridge pipeline,” said Michael Hennigan, president and CEO of Sunoco Logistics. “We believe being connected to our 25 million barrel Nederland crude terminal on the Gulf Coast greatly benefits this project. Our extensive pipeline system connects our West Texas Permian, southern Oklahoma, Granite Wash, Eaglebine and East Texas systems to our Nederland terminal and now will have enhanced capability to further deliver crude barrels eastward on the Bayou Bridge pipeline into Louisiana.”
Construction is underway on the Nederland to Lake Charles segment of the pipeline, which will be 30-inch diameter and is expected to begin commercial operations in the first quarter of 2016. The companies will also launch a binding expansion open season to assess additional shipper interest for service with connectivity to existing terminal infrastructure and refineries in and around the St. James area. The results of the expansion open season will be used to determine the size of the pipeline to St. James, which has a forecasted in-service date of the second half of 2017.
The binding expansion open season will commence in the third quarter of 2015. Bona
fide potential shippers that would like to receive copies of the expansion open season
documents, the throughput and deficiency agreement, and proposed tariffs must first
sign a confidentiality agreement. More information about the open season will be
available on the ETP website at www.energytransfer.com/ops_lc_sj.aspx upon
commencement of the open season or by email request to firstname.lastname@example.org.
About Phillips 66
Phillips 66 is a diversified energy manufacturing and logistics company. With a portfolio
of Midstream, Chemicals, Refining, and Marketing and Specialties businesses, the
company processes, transports, stores and markets fuels and products globally. Phillips
66 Partners, the company's master limited partnership, is an integral asset in the
portfolio. Headquartered in Houston, the company has 14,000 employees committed to
safety and operating excellence. Phillips 66 had $49 billion in assets as of March 31,
2015. For more information, visit www.phillips66.com or follow us on Twitter
About Energy Transfer Partners
Energy Transfer Partners, L.P. (NYSE: ETP) is a master limited partnership owning and
operating one of the largest and most diversified portfolios of energy assets in the United
States. ETP’s subsidiaries include Panhandle Eastern Pipe Line Company, LP (the
successor of Southern Union Company) and Lone Star NGL LLC, which owns and
operates natural gas liquids storage, fractionation and transportation assets. In total,
ETP currently owns and operates more than 62,000 miles of natural gas and natural gas
liquids pipelines. ETP also owns the general partner, 100% of the incentive distribution
rights, and approximately 67.1 million common units in Sunoco Logistics Partners L.P.
(NYSE: SXL), which operates a geographically diverse portfolio of crude oil and refined
products pipelines, terminalling and crude oil acquisition and marketing assets. ETP
owns 100% of Sunoco, Inc. and 100% of Susser Holdings Corporation. Additionally, ETP
owns the general partner, 100% of the incentive distribution rights and approximately
44% of the limited partner interests in Sunoco LP (formerly Susser Petroleum Partners
LP) (NYSE: SUN), a wholesale fuel distributor and convenience store operator. ETP’s
general partner is owned by Energy Transfer Equity, L.P. (NYSE: ETE). For more
information, visit the Energy Transfer Partners, L.P. website at www.energytransfer.com.
About Sunoco Logistics
Sunoco Logistics Partners L.P. (NYSE: SXL), headquartered in Philadelphia, is a master
limited partnership that owns and operates a logistics business consisting of a
geographically diverse portfolio of complementary crude oil, refined products, and
natural gas liquids pipeline, terminalling and acquisition and marketing assets which are
used to facilitate the purchase and sale of crude oil, refined products, and natural gas
liquids. SXL’s general partner is a consolidated subsidiary of Energy Transfer Partners,
L.P. (NYSE: ETP). For more information, visit the Sunoco Logistics Partners L.P. web
site at www.sunocologistics.com.
From the U.S. Energy Infromation Administration today:
Republished August 4, 2015, 1:00 p.m. to correct the map legend.
Algeria is the third-largest oil producer in Africa, after Nigeria and Angola, and the largest natural gas producer in Africa. However, production of both oil and natural gas has declined over the past decade. This declining production has led the Algerian government to amend its law regarding foreign investment in hydrocarbons in an attempt to attract the investment and technology improvements needed to help stop production declines. In 2014, the national oil and gas company Sonatrach offered 33 blocks located in four sedimentary basins with high shale gas and oil potential. This auction resulted in Sonatrach signing five contracts with Repsol, Shell, Statoil, and Dragon Oil-Enel. By law, Sonatrach takes a mandatory majority share (at least 51%) of any resulting projects.To read more or comment...
Buoyed by its first Utica Shale well in southwest Pennsylvania, Pittsburgh-based EQT Corp. is redirecting its resources from Upper Devonian drilling to focus on the Utica Shale instead.
Click here to read more.
To read more or comment...
Ohio has drilled 1,982 Utica Shale wells, as of Aug. 1.
That includes 1,564 drilled Utica wells and 927 producing Utica wells, says the Ohio Department of Natural Resources.
Ohio has 20 drilling rigs at work.
Three new permits were approved: two in Guernsey County and one in Monroe County.To read more or comment...
From Texas-based Noble Energy on Monday:
Company raises full year volumes while maintaining total capital and cost outlook
HOUSTON, Aug. 3, 2015 (GLOBE NEWSWIRE) -- Noble Energy, Inc. (NYSE:NBL) announced today a second quarter 2015 net loss of $109 million, or $0.28 per diluted share. Excluding the impact of certain items which would typically not be considered by analysts in published earnings estimates, second quarter 2015 adjusted income(1) was $101 million, or $0.26 per diluted share. Discretionary cash flow(1) was $461 million and net cash provided by operating activities was $424 million. Capital expenditures for the second quarter of 2015 totaled $799 million.
David L. Stover, Noble Energy's Chairman, President and CEO, commented, "Although these are challenging times in our industry, Noble Energy has maintained a strong financial position, improved operating efficiencies and continued our strong safety culture and performance. Operational execution again drove volumes above expectations while materially reducing our operating and overhead costs."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.