Links for 7/31/14: Company Opens Office in Ohio, Utica Shale Draws Comparison to Eagle Ford, and More

By -
Marcellus Drilling News:  Towns that Ban Fracking Could be Bankrupted by Takings Lawsuits (subscription required)   -   "One study mentioned in the NARO announcement says that bans and moratoria in Boulder County, CO could result in more than one billion dollars of “takings” lawsuits by landowners. In other words, the lawsuits will bankrupt the towns and villages stupid enough to enact a ban. Are you listening..."

PRWeb:  All Over the Map: Fenstermaker Extends Locational Reach to the Ohio Region   -   "Fresh on the heels of announcing the ribbon cutting ceremony for its office in Lakes Charles, Louisiana, Fenstermaker confirms that a new location has been established in Cambridge, Ohio. Providing energy services to a growing number of clients in the Utica Shale Play since October 2013, the company..."

Columbus Business First:  Utica shale production comparable to Eagle Ford’s startup, EIA says   -   "Initial natural gas production from the Utica shale mirrors that of the Eagle Ford shale in Texas and is slightly higher than the Haynesville formation in Louisiana, according to a recent Energy Information Administration report. But compared to..."

Seeking Alpha:  EQT's (EQT) CEO David Porges on Q2 2014 Results - Earnings Call Transcript   -   "As we discussed at the time of the first quarter call, we were revisiting our geologic and engineering analysis of the dry Utica/Point Pleasant potential on our acreage. As we look at the initial results of the wells drilled so far in the play by other operators, our technical teams are very encouraged that the results are basically in line with what our models would predict. Until now, we've been hesitant to drill our own well based solely on those models, given the lack of well control. But we think it is now time to drill a test well..."

The Plain Dealer:  Two drilling companies sue Broadview Heights over ban on oil and gas wells   -   "Two drilling companies with natural gas and oil wells in Broadview Heights have sued the city over its prohibition against future wells. Bass Energy Co. Inc., of Fairlawn, and Ohio Valley Energy, of Austintown, said the state of Ohio, not Broadview Heights, has sole authority to permit or deny drilling and..."

Columbus Business First:  Stark State’s oil and gas job-training center on track for January launch   -   "A training center for oil and gas jobs in northeast Ohio is on track to start classes in January. Stark State College, a community college in North Canton that has embraced training workers for the nearby Utica shale, is requesting $2.6 million in state funding ..."

Marcellus Drilling News:  Exclusive: Breakthrough Tech Cleans Frack Wastewater <30 Minutes   -   "What if you were convinced an invention IS the greatest thing since sliced bread–at least as it applies to the world of shale drilling? And what if that invention could clean thousands of gallons of frack wastewater right on site and turn it into DRINKABLE water–in less than 30 minutes? And what if..."

Connect with us on Facebook and Twitter!

Popular posts from this blog

Fracktivist in Dimock Releases Carefully Edited Video, Refuses to Release the Rest

By -
Image
From Energy in Depth: There is something very strange going on along Carter Road, in Dimock, Pennsylvania, and I’m not speaking of natural gas, methane migration, contamination, litigation or even the extensive water testing there by the EPA and others.  No, I’m talking about a new “Watergate” conspiracy, complete with 18 minutes of missing tape (well, video, actually). It seems the ever-present Green Party member and  naturist   Vera Scroggins  (a/k/a  Vera Duerga ) has posted a video of Craig Sautner meeting with the EPA.  Mysteriously, the video is but 14 seconds in length, cutting off conversation in what is obviously mid-stream.  It raises a question Craig Sautner, like  Ronald Reagan in Kings Row , might have asked, “Where’s the rest of me?’  Carter Road, isn’t Kings Row, of course, (at least not until you arrive at  the mansion Scott Ely, one of the Dimock litigants, is building with his royalty money ), but there appears to be...
Read more

The Second Largest Oil and Gas Merger - Cabot and Cimarex

By -
Image
       Due to investor pressure, the U.S shale drillers are being pushed to improve financial and operational performance after a few years of poor returns. Even though the industry has improved its numbers, when compared to last year, investors still want more to be done for them to earn more money.      That's why two mid-tier shale drillers, Cabot and Climarex, have decided to merge in order to eliminate $100 million in annual costs, which means more money for the investors. This all-stock transaction is valued at about $7.4 billion, which is relatively high for the oil and gas sector.      The new entity will be renamed and the headquarters located in Houston, Texas. Cabot shareholders will own 49.5 percent of the new entity, and Climarex the rest.       The Cimarex-Cabot merger will address the investor's demand for a higher amount of returning cash. The initial plan is to pay a 50-cent-per-share special dividen...
Read more

Do You Know The History of Fracking?

By -
Image
  In 2018, 59% of total oil production in the U.S came from hydraulic fracking, which means it accounted for more than two-thirds of domestically manufactured gas. By 2024, fracking will reach an astounding $68 billion market value! Of course, fracking is not a new drilling method as you can trace it back hundreds of years. That's why we want to consider the history of hydraulic fracturing (fracking). We will be stating historical facts about it and focusing on the major historical occurrences that have influenced modern-day fracking. Pre-Fracking Days The idea of fracking started back in 1862 when Edward A.L. Roberts (Civil War veteran) witnessed Confederate soldiers exploding artillery rounds into a canal that obstructed a battlefield. At the time, Edward A.L. Roberts called it superincumbent fluid tamping. On April 26th, 1865, Edward A.L. Roberts began experimenting with exploding torpedoes, which consisted of lowering a torpedo containing an amount of powder from fifteen to tw...
Read more