Anne Carto's Blog (118)

Ohio State Student Sees Future in Shale

OSU Senior Pat Moore guest blogs for EID on the incredible opportunities being afforded to college graduates thanks to shale development:

"My name is Pat Moore and I am a senior civil engineering student and co-founding Vice President of the Buckeye Shale Energy Organization (BSEO) at The Ohio State University. I am from the Cleveland suburb of Chagrin Falls, but…

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Added by Anne Carto on February 19, 2013 at 5:09am — No Comments

The Foundry: Get the Federal Government Out of the Natural Gas Business

Amy Payne, Assistant Director of Strategic Communications, The Heritage Foundation:

"In North Dakota, people have jobs. That state led the nation in job creation last year, and its unemployment rate is only 3.2 percent (compared to the national rate of 7.9 percent). Why?

One word:…

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Added by Anne Carto on February 18, 2013 at 4:52am — No Comments

CONSOL Doing A Different Kind Of Site Prep With Habitat For Humanity

CONSOL Energy is giving back to Noble County by helping the local Noble County Habitat for Humanity build its first home in the county.  CONSOL Energy donated $6,000 to the organization to help them reach their goal of $50,000 to build the home for the needy family.  In addition to the generous donation, members of the CONSOL Energy Utica development team…

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Added by Anne Carto on February 15, 2013 at 7:11am — No Comments

Economists Note Youngstown’s Improved Economy Due to Shale

Economists throughout Ohio are discussing how the Youngstown area is benefitting from a stronger economy than the rest of the state, greatly due to Utica Shale development.  Kenneth Mayland, President of ClearView Economics LLC in Pepper Pike, George Mokrzan, Senior Vice President and Director of Economics at Huntington Banc Shares Inc. in Columbus, and A.J. Sumell, professor of economics at…

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Added by Anne Carto on February 14, 2013 at 5:23am — No Comments

Rex Energy To Develop 11 Wells In The Utica in 2013

EID's Shawn reports on Rex Energy's announcement to develop 11 wells in Ohio's Utica/Point Pleasant formation in 2013:

"According to an investor presentation released yesterday, Rex Energy is looking to invest $85 million in Ohio next year while developing acreage in…

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Added by Anne Carto on February 13, 2013 at 8:39am — 4 Comments

Utica Shale Brings Law Firms to Canton

Utica Shale development has brought many new businesses to Ohio and two of those are law firms.  Steptoe & Johnson PLLC and Jackson Kelly PLLC have both opened offices in Canton in the past year because of Ohio’s growing oil and gas industry.  While both firms have come to specialize in energy, they plan to expand into full service firms in the future.

Steptoe & Johnson’s Canton office is…

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Added by Anne Carto on February 8, 2013 at 5:59am — No Comments

Update: Gulfport Keeps Showing The Promise of Utica With New Results

EID's Shawn provides an update on Gulfport's encouraging results in Ohio's Utica-Point Pleasant:

"UPDATE (02/4/2012, 11:00 am ET): The Stutzman 1-14H, which we reported on in January, has now been quantified and it looks like the well will be posting great revenue for Gulfport and the landowners receiving royalties.  It was recently reported by the Wheeling Intelligencer, the well…

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Added by Anne Carto on February 7, 2013 at 5:33am — No Comments

New Jobs Report Shows Shale’s Promise In Ohio

EID's Shawn blogs on the ODJFS Shale Report highlighting the oil and gas industry's pivotal role in Ohio's economic recovery:

"A recent Ohio Department of Job and Families Services (ODJFS) Shale Report shows Ohioans are benefiting once again from shale development.  Coupling the recent US Chamber…

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Added by Anne Carto on February 6, 2013 at 6:05am — No Comments

Stark County Oil & Gas Partnership Hosts Flagship Event

This week, Energy in Depth attended the Stark County Oil & Gas Partnership’s flagship event.  “Choose Stark County” featured key industry leaders to update the community on the oil and gas industry’s presence and potential opportunities in Stark County.  More than 250 attended the business to business networking opportunity and listened to…

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Added by Anne Carto on February 4, 2013 at 6:16am — No Comments

Utica Shale: By The Numbers For January

Building on strong numbers from 2012, Utica Shale development has been taking off this year in Ohio. It seems we see headlines each week in newspapers all over the Buckeye state indicating new jobs, investments, and…

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Added by Anne Carto on February 1, 2013 at 4:14am — No Comments

Antero Upping Reserves and Activity in the Utica

EID's Shawn provides an update on Antero's involvement in Ohio's Utica Shale:

"Antero Resources out of Denver, Colorado recently announced their capitol budget for 2013.  In their proposal, Antero plans to spend $149.5 million in exploration and production while operating two rigs in the Utica-Point Pleasant over the next year.  In addition to…

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Added by Anne Carto on January 31, 2013 at 4:33am — No Comments

Magnum Hunter Entering Utica-Point Pleasant In 2013

EID's Shawn reports on Magnum Hunter coming to Ohio to develop Ohio's Utica Shale:

"Magnum Hunter Resources is the next company focusing on the Utica-Point Pleasant formation in 2013.  The company, based out of Houston, is an independent exploration and production company active in West Virginia, Kentucky, Ohio, Texas, North Dakota, and Saskatchewan, Canada.  In the Utica/Point Pleasant, Magnum Hunter will be developing a minimum of 4…

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Added by Anne Carto on January 30, 2013 at 8:04am — 5 Comments

Chesapeake Donates Vehicles to County Law Enforcement

Chesapeake Energy Corporation is giving back to the community once again in Utica Shale country.  The company recently celebrated 2013 by donating Chevy Tahoes to law enforcement agencies in Columbiana and Carroll counties.  Both counties are highly involved in the Utica Shale play.

The vehicles are specially customized and will help the departments with costs by filling a need for the K9 and SWAT units. …

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Added by Anne Carto on January 29, 2013 at 4:46am — No Comments

Cleveland’s NatGasCar Makes CNG Transition Safe, Clean

Last week, EID-Ohio visited NatGasCar in Cleveland’s Industrial Innovation Center on the east side of the city.  Founded in 2009, the company designs and manufactures compressed natural gas conversion systems, high pressure fuel systems, and home refueling appliances.  The domestic resource of natural gas, made possible by the expanding development in the Utica-Point Pleasant and Marcellus shale formations, encouraged them to pull together individuals in…

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Added by Anne Carto on January 28, 2013 at 5:29am — No Comments

Port Authority and Marathon Move Closer to $2.4 Million Wellsville Deal

This week, the Columbiana County Port Authority brought Marathon Petroleum Co. closer to building a transfer station at the Wellsville Intermodal Park. The board of directors…

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Added by Anne Carto on January 25, 2013 at 10:28am — No Comments

Gulfport Keeps Showing The Promise of Utica With New Results

EID's Shawn reports on Gulfport's latest encouraging results from Ohio's Utica Shale:

"Gulfport Energy released the results of two new wells in their Utica/Point Pleasant operations.  Following the results of their latest three wells, these two new wells have some large shoes to fill.  The…

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Added by Anne Carto on January 24, 2013 at 4:44am — No Comments

BP’s Energy Outlook 2030 Highlights America’s Shale Resources

EID's Mike reports on the importance of shale development in BP's energy outlook 2030:

"Last week, BP released their third annual Energy Outlook 2030 report, based on up-to-date analysis, and taking into account developments of the past year.

Last year’s outlook led the way in showing how North America…

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Added by Anne Carto on January 22, 2013 at 7:55am — No Comments

CONSOL Energy Increasing Activity In Noble County

EID's Shawn reports on CONSOL's upcoming activity in Ohio's Noble County:

"CONSOL Energy is looking to increase activity in Noble County due in part to some strong numbers coming from their wells in the county.  Consol already has one well online in Noble County near Summerfield in Stock Township.  The initial flow rate on their first well, the…

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Added by Anne Carto on January 21, 2013 at 4:07am — No Comments

Chesapeake Named One of FORTUNE Magazine’s Best Companies to Work For

No surprise here; Chesapeake Energy has been named to FORTUNE Magazine’s Best Companies to Work For list for the sixth consecutive year.  After an incredible 2012, the company ranked #26 in the nation, improving from #32 last year.  Chesapeake has been a vital part of Ohio’s shale development, and the economic and community benefits putting the state back on track.  EID has met countless…

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Added by Anne Carto on January 18, 2013 at 5:25am — No Comments

Dearing Compressor Attracts Attention for Another Plant Expansion

Utica Shale has allowed yet another company to expand. Dearing Compressor & Pump Inc. in Youngstown needs more space, just two years after a previous major expansion.  In the coming year, Dearing plans to add another 25,000 square feet to its 56,000 square foot addition from 2010.  The company manufactures compressor and pump systems for many industries, including oil and gas. The growing business drew the attention of U.S. Senator Rob Portman…

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Added by Anne Carto on January 17, 2013 at 7:36am — No Comments

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