COLUMBUS, Ohio -- American Energy Utica LLC, a division of Oklahoma City-based American Energy Partners LP, was awarded six new permits to drill horizontal wells in eastern Ohio's Utica shale play last week, according to the Ohio Department of Natural Resources.
The company, founded last year by former Chesapeake Energy CEO Aubrey McClendon, secured all six permits for sites in Harrison County, records show. Four of the wells are slated for the Cravat Coal pad, while two others are targeted for the Triplett FRK pad.
COLUMBUS -- The Ohio Department of Natural Resources issued 14 new horizontal permits for oil and gas exploration in eastern Ohio's Utica shale for the week ended Oct. 11, the agency reports.
All of the wells permitted are located in what is considered the central and southern tiers of the oil and gas play, first developed by energy companies in 2010.
PDC Energy, based in Bridgeport, W. Va., was awarded seven new permits for wells in Noble County, ODNR reported, while Denver-based Antero Resources secured three more in the county.
HOUSTON -- Southwestern Energy Co. today announced that it has agreed to pay Chesapeake Energy Corp. $5.375 billion to acquire 413,000 net acres in West Virginia and southwest Pennsylvania. The acquisition covers oil and gas assets in the Upper Devonian, Marcellus and Utica shales. It includes 256 operated and producing Marcellus and Utica horizontal wells and an additional 179 non-operated or non-producing wells.
YOUNGSTOWN, Ohio -- Gas production in eastern Ohio and western Pennsylvania could reach record levels next year because more pipeline capacity is coming on line across the country, allowing more natural gas from the region to be extracted.
“Once November hits there should be an uptick,” because if the additional pipelines, said Sami Yahya, an energy analyst with Bentek LLC, a Denver-based energy market analytics company.
- Chesapeake Sells Marcellus, Utica Acres to Southwestern - October 16, 2014
- Uptick in Natural Gas Production with Pipelines - October 16, 2014
- Drilling Down October 10, 2014 - October 10, 2014
- Shell Plant Not the Only Cracker in the Pipeline - October 10, 2014
- Taxing Drillers at Issue in Pa. Governor's Race - October 7, 2014
- Business Leaders to Hear About Shale Opportunities - October 6, 2014
- ODNR Issues New Permits for Southern Utica - October 1, 2014
Copyright 2014 Youngstown Publishing Co. DBA The Business Journal
Developed by Tyler Clark.