Major Utica Shale driller Gulfport Energy refinances $650 million
The Utica Shale's second largest driller, Oklahoma-based Gulfport Energy, is engaging in some major refinancing, Marcellus Drilling News says: " ...Gulfport announced a program to swap out old debt...
View ArticleChesapeake Energy Corp. completes major financial moves
Chesapeake Energy Corp., the Utica Shale's largest driller, this week said it has completed major financial moves, including closing on a private placement of $1.25 billion in convertible senior...
View ArticleU.S. oil drilling rigs continue to increase
The number of drilling rigs working in the U.S. as of Oct. 7 rose by two from a week ago to 24, according to the latest Baker Hughes report. The number of rigs is down 271 from the same period in...
View ArticleUtica shale drilling rigs drop by 3, permits and wells drilled increase
The number of drilling rigs in the Utica Shale and Point Pleasant Shale areas of Ohio totaled 19 as of Oct. 8, down three from a week ago, the Ohio Division of Natural Resources reported. The number...
View ArticleHeartland Institute says report shows shale has been a giant boon to Ohio
The Heartland Institue weighs in on the recent report, "What If ... America's Energy Renaissance Never Happened?" that says Ohio's economy would have been devastated without money generated from...
View ArticleNew Utica Shale productivity report released
The latest Utica Region Drilling Productivity Report, for October, is out from the federal Energy Information Administration. To see the new report, go here.
View ArticleU.S. energy drilling rigs continue to increase
The number of drilling rigs working in the U.S. as of Oct. 21 rose by 14 from a week ago to 553, according to the latest Baker Hughes report. The number of rigs is down 234 from the same period in...
View ArticleNew Chesapeake Energy technique increases fracked well production by 70 percent
Chesapeake Energy, the Utica Shale's biggest driller, figured out how to get as much as 70 percent more production from a fracked well in Louisiana. The company calls it "propageddon". From The...
View ArticleThousands of oil, gas wells are drilled but untapped in U.S.
The Wall Street Journal notes that there are thousands of drilled but untapped oil and gas wells in the United States: "U.S. oil and gas companies have drilled thousands of wells they have yet to tap,...
View ArticleUtica Shale drilling rigs total 16; permits closing on 2,300
The number of drilling rigs in the Utica Shale and Point Pleasant Shale areas of Ohio totaled 16 as of Oct. 22, the Ohio Division of Natural Resources reported Tuesday. The number of permits for...
View ArticleOilfield service company bankruptcies rise in U.S.
Bankruptcies in the U.S. energy field are shifting, fuelfix.com reports: "Fewer and fewer oil exploration and production companies are declaring bankruptcy. "But more oilfield service companies are. "...
View ArticleNorth American operations contribute to Baker Hughes loss
Energy company Baker Hughes lost money for its third quarter largely because of its North America operations, oilprice.com reports: "Oilfield services group Baker Hughes (NYSE:BHI) reported on Tuesday...
View ArticleFederal government OKs leasing part of Wayne National Forest for oil, gas
Parts of Ohio's Wayne National Forest can leased for oil and gas development, reports Energy In Depth: "After four years of study, the federal Bureau of Land Management (BLM) has made a final decision...
View ArticleU.S. oilfield spending could rise 25% to $110 billion next year
Drilling for oil in the United States appears poised for a major comeback, reports fuelfix.com: "If oil prices hold onto recent gains, drillers could pump billions back into U.S. oil fields next year,...
View ArticleCoal company sells 5,900 acres in Ohio Utica Shale counties
There's been another land sale in Ohio's Utica Shale region, Columbus Business First reports: "Ohio coal company Murray Energy Corp. has sold 5,900 acres in the state's Utica shale oil and gas play....
View ArticleAn electric car revolution may cause an oil industry death spiral
Will the electric car industry doom the oil industry? The smart money says it's possible, according to this story in energypost: "Fitch Ratings agency warns that if recent technology trends continue,...
View ArticleWorld Series fever hits the Energy Information Administration
Hey, baseball and fracking fans! Yes, fever over the World Series between the Cleveland Indians and Chicago Cubs has hit the Energy Information Administration. The EIA just took at look at how U.S....
View ArticleUtica Shale drilling rigs drop by one
The number of drilling rigs in the Utica Shale and Point Pleasant Shale areas of Ohio totaled 15 as of Oct. 29, down one from a week ago, the Ohio Division of Natural Resources reported Tuesday. The...
View ArticleShale industry may get boost from OPEC's Algiers deal
OPEC's Algiers deal may turn into just the boost the U.S. shale industry is looking for, writes Justin Jacobs in Petroleum Economist: " ... While low prices led to deep cuts across the sector, they...
View ArticleFuel prices may fall because of 'stunning' increase in oil stockpile
An unexpectly large increase in the U.S. oil stockpile that has led to drop in crude oil prices may mean related fuel prices also are poised to drop, a story in fuelfix.com says: "U.S. crude prices...
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