So, is the following another way of saying that U.S. shale won? A story at oilprice.com reports that the new OPEC production deal acknowledges a permanent shift in oil markets:
"OPEC appears to have finally given up the dream of crushing U.S. production and returning to a world in which the Cartel controlled the market.
"US producers may not be the lowest cost producers, but could well be the most flexible producers.
"OPEC’s actions did succeed in stalling new investment in future reserves development, but this hit both unconventional and conventional production in nearly equal measure."To read more or comment...
The number of drilling rigs in the Utica Shale and Point Pleasant Shale areas of Ohio totaled 22 as of Oct. 1, the Ohio Division of Natural Resources reported Tuesday.
The number of permits for horizontal wells totalled 2,259. The number of horizontal wells drilled in the state totaled 1,807.
There may be a heckuva lot more natural gas to tap in the Utica and Marcellus shales, a new Forbes story suggests:
"The Utica and Marcellus shale natural gas plays based respectively in Ohio and Pennsylvania have provided 85-90% of U.S. shale gas production growth since start of 2012. Their ongoing drilling efficiency is a key driver.
"In fact, increases in shale drilling efficiency have contributed to the breakdown of traditional methods that use rig counts to estimate oil and natural gas production. Frequently mentioned is how renewables continue to evolve, but so does the oil and gas industry.
"The shale business in particular continues to advance: rig mobility, multi-pad drilling, and other rapid evolutions mean more gas using less rigs and resources.To read more or comment...
The number of drilling rigs working in the U.S. as of Sept. 23 rose by five from a week ago to 511, according to the latest Baker Hughes report. The number of rigs is down 327 from the same period in 2015.
To read the full report, go here.
Anyone looking to buy land on top of the Utica Shale in Ohio, including in Portage and Stark counties? Oil and Gas Investor says there is property available:
"Dorfman Production Co. is selling operated interest in producing Appalachia assets in a negotiated transaction through The Oil & Gas Asset Clearinghouse.
"The assets are located in Mahoning, Columbiana, Portage, Stark and Carroll counties, Ohio. The offer includes development opportunities in the horizontal Clinton Play and the Utica Shale, according to Clearinghouse."
Read the full story here.To read more or comment...
Energy companies tapping the Utica Shale are increasingly going for natural gas, the federal government reports today. The Energy Information Administration said:
"Production of oil and natural gas in the Appalachian Basin's Utica play—which includes both the Utica and Point Pleasant formations—has increased significantly since 2012.
"Monthly natural gas production from Utica wells increased from 0.1 billion cubic feet per day (Bcf/d) in December 2012 to more than 3.5 Bcf/d in June 2016. Oil production increased from 4,400 barrels per day (b/d) to nearly 76,000 b/d over the same period."
Read the full report, with charts, here.To read more or comment...
The Nexus Gas Transmission Co. can go onto private land in Ohio and conduct surveys for a natural gas pipeline in the state, an appeals court has ruled.
The decision by the 9th District Court of Appeals can be found here.
Landowners have not yet decided whether to appeal to the Ohio Supreme Court, according to a story in the (Cleveland) Plain Dealer newspaper.
Here's what law firm Bricker & Eckler, which represented the pipeline company, had to say on the decision:To read more or comment...
Ohio would have been out billions of dollars and nearly 115,000 jobs if not for fracking, according to an analysis from the U.S. Chamber of Commerce.
According to the Daily Caller, the Chamber report in part says:
" ... Ohio, for instance, would have lost nearly $10 billion in state GDP, $6 billion in wages, and 114,500 jobs, according to the group’s report, had anti-oil activists like Vermont Sen. Bernie Sanders and Bill McKibben found a way to wipe out the expansion in domestic energy.
" ...The U.S. would have bled millions of jobs and the economy would have contracted by $548 billion were it not for explosion in oil and gas development, according to a report by an energy industry group.To read more or comment...
The huge amounts of natural gas from U.S. shale has lead to the first shipments of ethane to Europe, the federal government reports.
From the U.S. Energy Information Administration:
"Increased production of ethane in the United States has led to increased ethane exports, first by pipeline to Canada and more recently by tanker to overseas destinations. Ethane is used domestically and internationally as a key feedstock for plastics production and other industrial uses.
"The first U.S. ethane export terminal, located in Marcus Hook, Pennsylvania, about 20 miles southwest of Philadelphia, has an export capacity of 35,000 barrels per day (b/d) and began shipping ethane cargos in March 2016. The second U.S. ethane export terminal, opened by Enterprise Products Partners in Morgan's Point, Texas, recently sent its first shipment to Norway. This 200,000 b/d-capacity facility, located on the Houston Ship Channel, is the first ethane terminal in the Gulf Coast region."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.