Anne Carto's Blog – January 2013 Archive (21)

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 10:33am — 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 2:04pm — 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 10:46am — 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 11:29am — 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 4:28pm — 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 10:44am — 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 1:55pm — 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 10:07am — 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 11:25am — 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 1:36pm — No Comments

Utica Shale Increasing Sales Tax Revenue For Local Governments

EID's Shawn shows how local governments around Ohio are benefitting from shale development through increases in sales tax revenue:

"Shale production is rejuvenating economies through out eastern Ohio.  Over the past year, counties with shale development have seen their sales tax increase by as much as 25%, another indicator of the incredible, positive impact the Utica Shale is bringing to the region.  From…

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Added by Anne Carto on January 16, 2013 at 10:59am — No Comments

Matt Damon’s “Promised Land” Twists the Facts

Michael Sandoval, Investigative Reporter, The Heritage Foundation, outlines the misleading agenda surrounding "Promised Land":

"What happens when ideology and facts go their separate ways in Hollywood?

Stick to the ideology — and that’s just what happened in Matt Damon’s newest film, “Promised Land,” according to documentary filmmaker Phelim…

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Added by Anne Carto on January 15, 2013 at 10:01am — No Comments

#ShaleBenefits: After 59 Years, Buckeye Water Services Seeing Growth

EID's Shawn interviews Fred Badertscher, of Buckeye Water Services. At 84 years of age, he is seeing growth to his business from Ohio's Utica Shale:

"Fred Badertscher has been in the oil and gas business for over 59 years and has no plans on slowing down anytime soon.  With the development of the Utica Shale, Buckeye Water Services has retooled their business to become one of the premiere hauling and servicing companies in the Utica.  This success…

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Added by Anne Carto on January 14, 2013 at 10:01am — No Comments

Utica Shale Development is Improving Our Economy and Providing Jobs for Ohioans

Jerry James, Immediate Past President of the Ohio Oil & Gas Association and President of Artex Oil Company, responds to recent comments made by Governor John Kasich and talks about the benefits of shale development in Ohio:

"At a recent event honoring the Ohio State University football team, Gov. John Kasich noted “deep…

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Added by Anne Carto on January 11, 2013 at 11:22am — No Comments

Chesapeake Celebrates their Two Year Anniversary in Ohio

Anyone who has heard about Ohio’s Utica Shale, has heard of Chesapeake Energy.  The Oklahoma-based company started developing the Utica in December of 2010, marking last month its two-year anniversary in Ohio.  Since coming to the Buckeye State, Chesapeake has spent $3.3 billion in capital expenditures and has acquired an industry leading…

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Added by Anne Carto on January 10, 2013 at 9:00am — No Comments

Steel And Chemical Industries Eye Ohio Thanks to Shale

EID's Shawn reports on the revitalization of the the steel and chemical industries in Ohio thanks to shale development:

"Steel and chemical companies are both eying Ohio thanks to Utica Shale development.  In recent weeks both industries have been touting the fact that due to shale development, their industries are seeing brand…

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Added by Anne Carto on January 9, 2013 at 9:00am — No Comments

Shale Development Leads to Economic Growth in the Mahoning Valley

EID's Mike reports on recent positive economic growth in Ohio's Mahoning Valley thanks to shale development:

"Things in Mahoning Valley are trending in the right direction after years of economic stagnation. Shale development is playing a large role in the comeback story of the decade. According to the Youngstown/Warren Regional Chamber, the unemployment rate, the total number of jobs in the…

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Added by Anne Carto on January 8, 2013 at 9:00am — No Comments

Canton Industrial Park Begins to See Growth from Shale

One good way to gauge the positive impact shale development is having on Ohio’s economy is observing the growth and investment in its industrial parks.  EID has reported on the incredible gains of the Wellsville Intermodal Park and several Mahoning Valley…

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Added by Anne Carto on January 7, 2013 at 10:48am — 2 Comments

Top 12 Utica Investments For 2012

EID's Shawn reports on 2012's Top 12 Utica Shale investments:

"In 2012, Utica Shale development brought Ohio significant investments from companies looking to make our state its home.  With the year winding down, it seemed fitting to recap some of the bigger announcements that happened over the past year.  Giving a look to what we’ve seen here in the past 12 months, we can expect 2013 to bring even more exciting news for eastern Ohio.

V&M Star Produces First Tubular Pipe…

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Added by Anne Carto on January 4, 2013 at 10:59am — 1 Comment

UPDATE: Cracking the Nut on OSU’s Jobs Report

EID's Mike updates our break down on the report from Ohio State researchers predicting “only” 20,000 new jobs from Utica Shale development:

"Update (12/27/12): It has been just over a year since the release of the Partridge-Weinstein report, and over fifteen months since the Ohio Oil and Gas Energy Education Program released their…

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Added by Anne Carto on January 3, 2013 at 1:07pm — No Comments

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