"So, when drillers elsewhere were getting maybe $2.75 per mcf for their gas, in Ohio: “On July 4, I saw Utica gas sell for 64 cents,” said Ohio Oil and Gas Association executive vice president Shawn Bennett in a recent interview.
To be fair, that’s a strikingly painful price, even for the Utica. But that same day in mid-July, Bennett looked up the price of Utica gas while the Henry Hub price was $2.80, and found that Ohio drillers were only getting about $1.12 for their gas. That’s…Continue
Added by Bob Shaw on July 25, 2015 at 5:43am — No Comments
US Department Of Justice http://www.justice.gov/contact-us
1) US Attorney General Lynch
2) Fraud FBI Corporate Fraud Hotline 888-622-0117
3) Report Other Fraud or Public Corruption
Call FBI Hotline 800-CALL-FBI (800-225-5324)
Breeze through the 49 pages of how & why Chesapeake is making ADJUSTMENTS to the Suessenbach Family LP Royalties. Hey, they are doing the same thing at Buck Well 1H. I'm sure this is limited to only a few wells......NOT!!!
IN THE UNITED STATES DISTRICT COURT
FOR THE MIDDLE DISTRICT OF PENNSYLVANIA
THE SUESSENBACH FAMILY
LIMITED PARTNERSHIP, JAMES S.
SUESSENBACH, and GINA M.
SUESSENBACH, individually and on
behalf of all…Continue
Added by Ron Hale on June 29, 2015 at 5:39pm — No Comments
For the last 10 years, the oil industry in Iraq has been under intense pressure from jihadist insurgents and many leading oil producers were force to pull out of the region because of fears of safety for their workers, and the locals that lived in the areas according to Energy in Asia.
However, things have begun to change in the South of Iraq, especially in the oil-rich fields of North Rumaila which,…Continue
Added by Oil & Gas News on February 4, 2015 at 11:35am — No Comments
In researching this subject, I discovered a January 16, 2011 article featured in OilOnLine which provides an interesting alternative to conventional fracking techniques. Virginia based PDN Mountaineer, LLC announded that they have partnered with Utah based Purestream Technology in incorporating their Trilogy system to treat and purify wastewater from their Marcellus operations. Purestream claims to be able to alleviate the environmental impact of hydraulic fracturing by…Continue
Added by John H on November 17, 2014 at 3:36pm — No Comments
The Trenton Limestone:
The Trenton Limestone and accompanying Black River rocks are important in that they serve as the source for much or all hydrocarbon formation in the Appalachian basin. Generally speaking, the Trenton Limestone serves as a cap rock for the underlying Black River source rocks. Because it is not as thick here in Ohio, it has allowed hydrocarbons formed by the Black River group to migrate naturally into the Utica/Pt. Pleasant. To the East, in West Virginia…
Added by John H on July 22, 2014 at 1:17am — No Comments
Added by Bob Perkins on November 20, 2014 at 6:32pm — No Comments
Almost without exception, today’s shale wells are stimulated using water-based fracturing fluids (slickwater). This technique is popular due to its ability to transport proppant effectively at a relatively inexpensive cost. However, it is a magnet for criticism from environmentalists, who are concerned about the incredible volume of water needed as well as the resulting contaminated wastewater which must be treated and disposed of properly. Water use is often cited as one of the…Continue
Added by John H on November 2, 2014 at 8:21pm — No Comments
Hi - Received an offer from Rice Energy which shows 1/2 bonus paid in 75 days and balance paid one-year from signing. Does anyone know if Rice Energy is normally agreeable to other bonus payment schedules that would better benefit the landowner (like maybe 1/2 in 75 days + 1/2 in 3 months)? Am worried they would not pay the second installment when it comes due. Any advice on this is welcomed!
Added by Debra Lynn Pennell on August 16, 2014 at 3:00pm — No Comments
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…
Added by John H on June 1, 2014 at 6:20pm — No Comments
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 Point Pleasant formation has been described as marking the end of Middle Ordovician time. The Ordovician Period is characterized as the greatest submergence of the North American plate because shallow seas covered such an extensive area, including all of Ohio. In this environment, the Acadian mountain-building event occurred whereby sediments high in kerogen were shed from the highlands into a somewhat enclosed basin,…Continue
Admittedly the Utica has come with great hype and promise. Upon the release of Ohio’s 2012 production figures, many pundits were disappointed. Seems many are convinced that it has not lived up to its billing. They apparently had hopes for a huge oil bonanza here and were quite disappointed at the purported oil/gas ratios. But is there really enough data to definitively form opinions, and is the data being interpreted correctly? Let the debate…Continue
Ever since billionaire Carl Icahn bought in last year, speculation has been that he would eventually force a sell-off of Chesapeake. He has already forced a number of divestitures including the recent sell of their pipeline, processing and mid-stream divisions. He is almost single-handedly credited with forcing the reluctant resignation of Aubrey McClendon and has a track record of controlling the company's leadership and…Continue
Added by John H on March 23, 2014 at 6:07pm — No Comments
By Davis Powell and Daniel Simpson
with SHALETRAK ONLINE Royalty Management Software
ShaleTrak often works with owners who are new to the process of receiving revenue from oil and gas production. Below are a few basic tips to help oil and gas royalty owners with the management process:…Continue