New Midstream Infrastructure Provides Access to Premium Market Outlets for Utica-Focused Producers

ENLINK MIDSTREAM ANNOUNCES NEW 45-MILE CONDENSATE PIPELINE IN OHIO RIVER VALLEY; ADDS COMPRESSION AND STABILIZATION FACILITIES   DALLAS, August 18, 2014— The EnLink Midstream companies, EnLink Midstream Partners, LP (NYSE:ENLK) (the Partnership) and EnLink Midstream, LLC (NYSE:ENLC) (the General Partner), today announced plans to construct a new 45-mile, eight inch condensate pipeline and six natural gas compression and condensate stabilization facilities that will service major producer customers in the Utica Shale, including Eclipse Resources. The total investment for the expansion project is over $250 million, roughly doubling the capital EnLink Midstream has invested in the Ohio River Valley to more than $500 million. “This new expansion project is a major step forward for EnLink, as it enables us to build upon our existing asset platform and take advantage of the tremendous growth opportunities in the Utica Shale,” said Barry E. Davis, EnLink Midstream’s President and C
http://www.shaledirectories.com/blog/new-midstream-infrastructure-provides-access-premium-market-outlets-utica-focused-producers/

Rex Energy buys 208,000 acres from Shell

Rex Energy has entered into a definitive purchase agreement with SWEPI, LP, an affiliate of Royal Dutch Shell, plc ( Shell ) to acquire a 100 percent interest in approximately 208,000 gross (207,000 net) acres prospective for the Marcellus, Upper Devonian/Burkett and Utica Shales in Pennsylvania and Ohio for approximately $120 million in cash, subject to customary closing adjustments. The transaction is expected to close in September 2014. The assets to be acquired are located in Armstrong, Beaver, Butler, Lawrence, Mercer and Venango counties in Pennsylvania and Columbiana and Mahoning counties in Ohio. The additional acreage, combined with recent leasing, will bring Rex Energy s position in its Butler Operated Area to approximately 298,000 gross acres. This acquisition by Rex will probably lead to more drilling in the NW PA. People in the industry have spoken about oil in NW PA and the fact that it’s close to the surface. We’ll have to see if this is a good deal for Rex. Joseph
http://www.shaledirectories.com/blog/rex-energy-buys-208000-acres-shell/

Utica Shale has significant growth potential

Ohio only has seen the tip of the iceberg when it comes to developing the Utica Shale, said Rayola Dougher, senior economic adviser for the American Petroleum Institute. Across the county, shale oil development is reducing the nation’s dependence on foreign oil and fueling the economy, said Dougher, who is one of several speakers slated for the Utica Summit II program Oct. 14 at University Center on the Kent State University Stark Campus. Utica Shale drilling — currently focused in a half dozen southeastern Ohio counties — should complement Ohio’s existing manufacturing base, especially the steel and chemical industries, Dougher said. “It’s just only the beginning of the journey,” she said. Utica Summit II has been organized by the Canton Regional Chamber of Commerce, Shale Directories and The Repository. Dougher and other speakers will lead discussions on what Utica Shale development can mean for manufacturing, transportation, job creation and more. Joseph BaronePreside
http://www.shaledirectories.com/blog/utica-shale-significant-growth-potential/

STICK, LLC Continues to Support the Oil and Gas Industry

A leading provider of vehicle wraps in West Virginia, Pennsylvania, Ohio and Maryland, STICK, LLC has been partnering with local oil and gas companies in the Marcellus Shale and Utica Shale territories since its inception. “STICK knows how vital the oil and gas industry is to the economy and our people,” said STICK Owner and President, Damian Ferek. “So the team works hard to ensure our clients are well represented whether it’s with an oversized wrap, wall wrap, jobsite sign or tradeshow display.” Known for its motto, “We STICK Anything,” the company provides oil and gas companies with an edgy, aggressive approach to transforming company fleets, vehicles, trucks and more into mobile advertisements that translate into real ROI. In fact, according to STICK’s vehicle wrap infographic, the average budget for traditional newspaper advertising for seven years is $7,665,000, compared to the small expense of a well-maintained $3,500 vehicle wrap that lasts seven years or longe
http://www.shaledirectories.com/blog/stick-llc-continues-support-oil-gas-industry/

EnLink Midstream Partners, LP Financial Results

The EnLink Midstream companies, EnLink Midstream Partners, LP (NYSE:ENLK) (the Partnership) and EnLink Midstream, LLC (NYSE:ENLC) (the General Partner), reported results for the second quarter of 2014. Second Quarter 2014 — EnLink Midstream Partners, LP Financial Results The Partnership realized adjusted EBITDA of $111.6 million, distributable cash flow of $93.8 million and net income of $41.4 million for the second quarter of 2014. The Partnership s second quarter of 2014 gross operating margin was $262.1 million and operating income was $93.1 million. Adjusted EBITDA, distributable cash flow and gross operating margin are explained in greater detail under “Non-GAAP Financial Information”, and reconciliations of these measures to their most directly comparable GAAP measures are included in the tables at the end of this news release. “We are pleased to report outstanding second quarter results,” said Barry E. Davis, EnLink Midstream President and Chief Executive Officer. 
http://www.shaledirectories.com/blog/enlink-midstream-partners-lp-financial-results/

Dawood Wins National Marketing Award

Dawood Engineering, Inc. (Dawood) is proud to announce that our Marketing Department received a Society for Marketing Professional Services (SMPS) National Marketing Communications Award in the category of Media Relations Campaign. Dawood was awarded Third Place for our campaign as we became one of the first small businesses in Pennsylvania to drive a vehicle with a factory-installed dual-fuel compressed natural gas (CNG) system. The Media Relations Campaign of the Unveiling of a new CNG Vehicle included print, broadcast, and digital media outreach and coverage, as well as events that showcased an environmentally friendly alternative fuel vehicle. Heather Sweitzer, CPSM, Manager, Marketing and current SMPS Central PA President was on hand to accept the award on Dawood s behalf during the Awards Gala in San Antonio, Texas. We are very proud of the CNG Truck unveiling and the coverage it has received since the ribbon cutting last September. Not only was the campaign a success, but the r
http://www.shaledirectories.com/blog/dawood-wins-national-marketing-award/

Exploration and Production companies working in the Eagle Ford Shale

Many Companies Reaping the Benefits of Early Action in Eagle Ford The Eagle Ford shale encompasses 30 counties in South Texas, and projections for the output of oil in the Eagle Ford Shale continue to grow as companies lay pipeline and increase the number of active wells. In fact, last October the Eagle Ford output reached the 1 million barrel per day mark before the Bakken Shale in North Dakota, and in the next six years that number is expected to double. EOG Resources The current front runner with the best position in the Eagle Ford region is EOG Resources. Because of their foresight, leasing before predictions identified Eagle Ford as a productive region, their holdings include around 650,000 acres. EOG Resources recovers oil using extended reach horizontal wells, and Wood Mackenzie, the energy consulting firm, estimates the value of EOG’s position at $22 billion. ConocoPhillips Conoco Phillips, who also got in on the action in the days before the area began showing real promise,
http://www.shaledirectories.com/blog/exploration-production-companies-working-eagle-ford-shale/