New Study: Ethane Production Could Support 3 Large Cracker Plants in Appalachian Region

By -
From Gas & Oil:
A new study conducted by Cleveland State University indicates enough ethane is estimated to be produced to support three large cracker plants in the Appalachian Region — and, just as importantly, current plans for plant construction specifically target Ohio, Pennsylvania and West Virginia. The information was brought forward during a Utica Summit II, held in mid-October at Stark State College, in Canton. 
Ethane cracker plants would be a tremendous boon to the area in terms of further manufacturing development. An ethane cracker facility creates ethylene, a compound used in the manufacture of plastic. Some estimates predict between 400 to 600 jobs in each cracker plant, with another 2,000 plus in indirect jobs and more than 8,000 additional jobs in the ripple effect that would follow with downstream manufacturers who rely on ethane and other products that will be created at the plants. 
Huge economic benefits to the Appalachian Basin region were projected when the plans for a cracker plant to be built by Odenbrecht/Brazkem across the River in Parkersburg, West Virginia, were released. So, one can only imagine the impact the smaller cracker plant now planned for possible construction by Appalachian Resins Inc. in Salem Township, located in Monroe County, Ohio, will have on the state and the region. There is another large facility slated to be built in Pittsburgh, Pa., by Shell Oil Company, which would round things out by placing a large cracker plant in each of the three states that are part of Marcellus and Utica natural gas production, Ohio, Pennsylvania and West Virginia.
Click here to read more.

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 a whole lot of film editing going on there to fi
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 dividend on closing the deal while offering a quarterly variable div
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