Ashtabula County, OH
This group is for all things related to oil and gas development and leasing in Ashtabula County.
Ashtabula County Utica Development On Hold ? ! ?
Thought to also add this discussion around the comment I left a little earlier.
I'll start it by repeating the comment in discussion format immediately below this intro. :
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A link to another post at the General Forum pages to what I think to be significant reading follows (go to page 3 once there to find pertinent commentary) :
http://gomarcellusshale.com/forum/topics/hope-for-the-ohio-oil-window
Ashtabula County Utica development 'on hold' per politicos and as storied in the Star Beacon.
http://gomarcellusshale.com/forum/topics/hope-for-the-ohio-oil-window
Ashtabula County Utica development 'on hold' per politicos and as storied in the Star Beacon.
Article cites low oil prices, no takeaway systems in place yet, other infrastructure and earthquake concerns.
Oil industry in another linked article indicates development will continue / grow as development costs are falling and in spite of less dollars per barrel pricing.
Takeaway capacity is fixable if you ask me - develop R.O.W. agreements, lease and drop pipe.
Earthquakes are due to waste water injection wells as I've read - not fractured production wells; and that seems fixable to me also by going with Waterless / Gas Fracturing Production Wells where water / waste water disposal aren't even required.
So I think we all need to tell our politicians to step on the gas - prosperity is knocking on our doors.
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What do all of you folks think ?
Joseph-Ohio
http://www.starbeacon.com/news/fracking-on-hold-in-ashtabula-county...
A direct link to the Star Beacon story just above.
Just below a direct link to another article discussing how some producers will accelerate development in spite of lower oil prices.
http://r.smartbrief.com/resp/gjovCqncBeCLaWhACidLahCicNPbFI
Nov 12, 2014
Joseph-Ohio
Well.................who should we believe ?
I don't know.
Dec 9, 2015
Joseph-Ohio
Then also (in most recent history) came O.P.E.C. / S. A. / their $36.00 per barrel oil, that really gums up / throws a big monkey wrench into the works.
Forget those birds.
Develop our own Natural Gas and Oil here at home.
Let Russia and China deal with the jihadis / pay to play and rip off the people in the M.E.
Dec 11, 2015