U.S. has thousands of drilled but uncompleted oil and gas wells
There are more than 5,000 drilled but uncompleted oil and gas wells in the United States, which has major implications not just for supply but also price, reports Oilprice.com: "Along with its monthly...
View ArticleUtica Shale drilling rigs drop by two
The number of drilling rigs in the Utica Shale and Point Pleasant Shale areas of Ohio totaled 14 as of Sept. 10, down two from a week ago, the Ohio Division of Natural Resources reported Tuesday. The...
View ArticleUtica Shale drilling rigs drop by two
The number of drilling rigs in the Utica Shale and Point Pleasant Shale areas of Ohio totaled 14 as of Sept. 10, down two from a week ago, the Ohio Division of Natural Resources reported Tuesday. The...
View ArticleOil may hit $60 a barrel by end of year, investor says
A prominent energy investor thinks oil prices are going up by the end of the year, CNBC reports: "Oil investor T. Boone Pickens believes the price of oil will rise to a range of $55 to $60 a barrel by...
View ArticleU.S. shale making up for drop in conventional oil discoveries
Conventional oil discoveries have hit a low point, Fuelfix.com reports: "Companies have never discovered as little conventional oil and gas as they did last year, according to a new report from energy...
View ArticleFrack sand is the unsung hero of the OPEC-shale price war
The resilience of U.S. shale is largely about sand, reports Oilprice.com: "Sand has been the most significant innovation on the US shale playing field. “'North American producers are rapidly...
View ArticleBillionaire investor cuts holdings in Chesapeake Energy
Billionaire investor Carl Icahn has drastically reduced his holdings in Chesapeake Energy Corp, according to SEC filings. From MarketWatch.com: "Icahn and associated partners reduced their stake in...
View ArticleFirst U.S. shale-derived ethane shipments reach Europe
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...
View ArticleShale fracking added nearly 115,000 jobs, $10 billion in Ohio, study says
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...
View ArticleNexus crews can go on private land for pipeline survey, court rules
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...
View ArticleOhio's Utica Shale increasingly tapped for natural gas
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...
View ArticlePortage, Stark counties land listed in Utica Shale property sale
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...
View ArticleU.S. oil drilling rigs rise by five
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...
View ArticleJim Mackinnon out of the office
Beacon Journal staff writer Jim Mackinnon is out of the office this week. The Utica Shale Blog will go live again next Monday.
View ArticleIncreasing production from Utica, Marcellus shales defies skeptics
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...
View ArticleUtica Shale drilling rigs total 22; wells drilled hit 1,807
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...
View ArticleOPEC blinks: New production agreement acknowledges U.S. shale strength
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...
View ArticleMega oil discovery in Alaska may hold billions of barrels of oil
A major discovery means the amount of oil that can be taken out of Alaska just increased by at least 2 billion barrels, oilprice.com reports: "A small company just announced that it has made a...
View ArticleGreat Britain gives OK to start shale fracking
Great Britain just gave the go-ahead to do some test fracking, the first work of its type allowed in five years, oilprice.com reports: " ... the UK Department of Communities and Local Government...
View ArticlePennsylvania enacts stricter rules, regs for shale drilling
Pennsylvania has tightened rules and regulations for drilling in the Marcellus Shale, the Pittsburgh Post-Gazette's PowerSource site says: "An array of stricter environmental regulations for...
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