US Gas Shales Attract Worldwide Investors
January 9, 2012 | Bloomberg
In just the past few weeks companies from China, France and Japan have purchased large holdings in the Eagle Ford, Utica and Marcellus Shales. |
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Another Big Chinese Purchase of US Shale Plays
January 4, 2012 | Business Week
Sinopec, a major Chinese oil and gas company also known as China Petroleum & Chemical Corporation Limited, will purchase a 1/3 share of Devon Energy’s holdings in five shale plays in the United States for $900 million in cash and contribute $1.6 billion towards future drilling expenses. Properties in the Utica Shale, Tuscaloosa Marine Shale, Niobrara Shale are included. |
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Declining Royalty Payments from Natural Gas Wells
January 3, 2012 | Geology.com
Many property owners are very surprised when the royalties that they receive from a natural gas well on their property decline sharply. They are learning about production decline curves. |
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Total Spends $2.32B for Utica Shale Assets
January 3, 2012 | San Francisco Chronicle
Total has an agreement to purchase a 25% stake in 619,000 acres of Utica Shale in eastern Ohio from Chesapeake Energy for $2.32 billion. That is an average price per acre of $14,991. |
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Electric Power from the Marcellus and Utica Shales
December 23, 2011 | The Intelligencer / Wheeling News-Register
As environmental regulations hasten the closure of coal-fired power plants American Electric Power plans to build a 1bcf/day pipeline to deliver gas from wells in the Marcellus and Utica Shales. |
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Refinery for Utica Shale Crude Oil
December 14, 2011 | West Virginia Business Journal
Marathon Petroleum is preparing to refine oil produced from the Utica Shale of eastern Ohio and western Pennslyvania. The Ohio Department of Natural Resources estimates that the Utica Shale could yield between 1.3 and 5.5 billion barrels of crude. |
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The Era of Aggressive Natural Gas Leasing is Ending
December 6, 2011 | Bloomberg
Some industry experts believe that onshore natural gas leasing is winding down and major plays like the Marcellus and Utica are unlikely to be found in the future. |
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Competition for Acreage in the Utica Shale of Ohio
December 6, 2011 |
Chesapeake Energy, Exxon Mobil and Hess are all working to acquire acreage in the Utica Shale of eastern Ohio. |
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Learning about Oil and Gas Leases
December 5, 2011 | New York Times
An article in the New York Times reviews some potential rewards and problems that occur when a landowner decides to lease his property for oil and and gas development.
Related: Mineral Rights |
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Supersized Topographic Maps
December 4, 2011 | MyTopo.com
The folks at MyTopo.com are now printing supersized topo maps – large enough make a huge 5′ x 8′ (or 8′ x 5′) map that will look fantastic on the wall of your office, conference room, lobby, cabin or den. These maps are custom-centered on any location that you pick using their online map-making tool. Lots of smaller sizes are also available.
We are affiliates of MyTopo.com and receive a commission on sales. |
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Podcast: Who Should Regulate Natural Gas Drilling?
November 30, 2011 | National Public Radio
Some local governments would like to have greater control over where, when and how natural gas drilling can be done in their areas of jurisdiction. This podcast explores the division of regulation between state and local governments in Pennsylvania. |
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States Compete for Natural Gas Drilling?
November 22, 2011 | PittsburghLive.com
An article on the PittsburghLive.com website explains how regulations and costs of doing business in neighboring states can stimulate or deter the development of a resource such as natural gas. Not mentioned in the article is how a moratorium on Marcellus Shale drilling moved drilling out of New York and into Pennsylvania. |
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Utica Shale Gas Boom in Eastern Ohio
November 11, 2011 | Geology.com
Natural gas companies have drilled a number of highly successful wells into the Utica Shale of eastern Ohio. Now, drilling, permitting, and acquisition activity is starting to boom.
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Natural Gas Liquids are Hitting the Bottom Line for Drillers
November 8, 2011 | Chesapeake Energy Quarterly Report
Chesapeake Energy reports that natural gas liquids contributed 17% of their total production but 40% of their natural gas and liquids revenue. This is part of what is fueling interest in plays such as the Utica Shale and Eagle Ford Shale. |
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$15,000/Acre – Utica Shale Deal
November 7, 2011 | FuelFix.com
An article on the FuelFix.com website explains how Utica Shale Formation assets in eastern Ohio are being valued at up to $15,000/acre. Just a few years ago landowners were leasing for just $10/acre. |
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Huge “No Drilling” Buffers Around New York’s Waterways?
October 25, 2011 | Reuters.com
Proposed drilling regulations in New York could take enormous amounts of land that has already been leased out-of-play for natural gas development. |
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Who Will Get the Marcellus and Utica Shale Ethane?
October 17, 2011 | Reuters
Parts of the Marcellus Shale and Utica Shale contain worthy amounts of ethane which is a valuable feedstock for the plastics industry. Will it be shipped by pipeline to distant manufacturers or will local manufacturing industries develop? |
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Pennsylvania Supreme Court Case Could Overturn Lots of Natural Gas Leases
October 12, 2011 | Business Week
The Pennsylvania Supreme Court is considering a case on how mineral rights are defined that could overturn lots of natural gas leases that have been signed over the past century. |
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Marcellus Shale and Utica Shale in Ohio
October 6, 2011 |
The Ohio Geological Survey has an online presentation that summarizes the Marcellus Shale resource in Ohio. It also contains lots of information about the Utica Shale in Ohio. |
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Severance Taxes or Drilling Fees?
October 3, 2011 | ABC News
Pennsylvania is one of the few states that does not levy a severance tax on oil and gas extraction. However, in need of revenue, government leaders are proposing severance taxes and drilling fees. |
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