Posted by Debra Lynn Pennell on August 16, 2014 at 3:00pm
Houston and the rest of the U.S. Gulf Coast have more crude oil than the region can handle.
Stockpiles in the region centered on Houston and stretching to New Mexico in the west and Alabama in the east rose to 202 million barrels in the week ended April 4, the most on record, Energy…Continue
Chesapeake released some quite interesting news during their first quarter 2012 conference call. Apparently they discovered, entirely by accident, another factor impacting production numbers on their OH Utica completions. When the Buell Well was drilled in Harrison County, a minor problem prohibited them from immediately completing it. The unintended resting period allowed much of the water and frack fluid to dissipate prior to completion. Their Carroll County wells, drilled…Continue
On November 4, 2011, Chesapeake announced a joint venture agreement whereby they agreed to sell part of its holdings in the Utica Shale for $2.3 B. The announcement claimed that CHK would get $649 M from an undisclosed buyer in exchange for a 25% interest in 650,000 acres in Ohio's wet gas and volatile oil window. It's partner, Enervest, would receive $90 M in cash. Further, the buyer, now disclosed as France's TOTAL SA, agreed to pony up $1.5 B toward Chesapeake's drilling…
Posted by John H on June 1, 2014 at 6:20pm
Drillers like Ohio for more than just geological reasons. Ohio is ideally located to take advantage of development and commercial networks in both the Midwest and on a national scale. Ohio is within 600 miles of 60% of the US population and more than half of the Canadian population. It has considerable existing infrastructure and one of the most favorable tax/business climates in America. Ohio has zero tax on inventory or corporate income, no tax on investments for inventory or equipment, no…Continue
The European Autumn Gas Conference (EAGC) 2014 will attract business leaders operating within Europe’s gas supply chain who are looking to adapt and overcome the commercial, geopolitical and macro-en…