YOUNGSTOWN, Ohio -- Hilcorp Energy Co. received two new permits for horizontal wells in Columbiana County, as that company continues to develop acreage in the northern Utica shale that it acquired more than a year ago in a lease assignment deal with Chesapeake Energy Corp.
The Ohio Department of Natural Resources awarded Hilcorp two permits to drill at the Nolker site in Fairfield Township, the agency reported. Last month, Hilcorp secured six permits to drill at the McNicol farm in Fairfield Township, which is part of the Brinker Storage Field.
CARROLLTON, Ohio -- No natural gas well has evoked shouts of “Eureka!” that reverberated across Carroll County, a once pastoral place in east central Ohio. Nor is there one well, one drill site, with crude production so staggering that it stops oil barons in their tracks.
WASHINGTON, Pa. -- Range Resources says it believes the company’s Utica/Point Pleasant well in Washington County, has achieved the highest initial production rate of any horizontal well drilled in the Appalachian Basin. The company made the announcement at the same time it released a 2015 capital spending budget of $1.3 billion -- a decrease of 18% from its 2014 budget.
DALLAS -- Summit Midstream Partners and XTO Energy Inc., a subsidiary of ExxonMobil, announced Monday they will develop and operate a $400 million natural gas gathering system servicing XTO’s production from Belmont and Monroe counties in southeastern Ohio.
The gathering system will be owned and developed by Summit Midstream Utica LLC, a new indirect subsidiary of Summit Investments. XTO will be the anchor shipper and has dedicated 29,000 acres to Summit Utica under a long-term, fee-based gathering agreement, the companies said.
NEW YORK -- The continued "shale effect" on U.S. manufacturing could bring an annual cost savings of $22.3 billion by 2030, assuming a high natural gas recovery and low-price scenario, finds a new research report by PwC.
In terms of job creation, continued shale gas activity will create 930,000 shale gas driven manufacturing jobs by 2030 and 1.41 million by 2040, the report adds.
- Summit, XTO Announce $400B Gas Gathering System - December 16, 2014
- US Manufacturers See More Savings from Shale Gas - December 12, 2014
- McClendon Company to Drill More in Guernsey, Harrison - December 10, 2014
- Hilcorp Steps on the Gas at Poland Township Wells - December 8, 2014
- Drilling Down December 5, 2014 - December 5, 2014
- Third Quarter Utica Well Production Is Up 49% - December 5, 2014
- 3 Cracker Plant Projects Advance in Pa., Ohio, W.Va. - December 4, 2014
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