Rig Counts Are Higher than Reported in PA and OH

Baker Hughes provides weekly rig counts by shale play and by state.   In the Pennsylvania and Ohio, the rig counts seems to be under reported based on two observations. First, Ohio Department of Natural Resources in its weekly permitting report shows the number of rigs in Ohio. For the week ending September 6th, ODNR’s reported indicated that there were 45 rigs in OH and Baker Hughes reported 41 for the week ending September 5th a small discrepancy. Second, in Pennsylvania, Baker Hughes shows rigs for the Marcellus and the Utica. The number of Marcellus rigs fluctuate monthly, but Utica is constant at two (2) rigs. Press releases from E&P companies drilling in Pennsylvania indicate that a few companies are drilling in the Utica and one or two are successfully drilling in the Devonian. Based on these observations, Baker Hughes is probably under reporting the rig count in Pennsylvania by about 10 or 15. We will continue to report the Baker Hughes rig count in our Facts & Rumors our
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PA: Top Energy Destination

By: Kristie Kubovic, Director of Communications, Shale Media Group Edited By: Mindy Gattner, Editor, Shale Media Group When you think of energy powerhouses across the United States, the traditional energy giant, Texas, may first come to mind. However, the tide is changing. Pennsylvania was recently named Top Global Destination of the Future for Energy-Intensive Industries by the Foreign Direct Investment (FDI) Association. Consequently, Pennsylvania was the only U.S. location to make the list. Ontario, Canada came in second, while Sheffield, United Kingdom and Ostersund, Sweden tied for third place.  According to fdia.com, the FDI Association is a “global association of practical use in helping governments to provide optimal conditions for foreign investors,” that create “a clear FDI dialogue between government and industry” by “raising the profile of an activity that makes a quiet but significant contribution to the global economy” and “providing an unmatched, exclusiv
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Second Quarter Well Production in Ohio Way Up over First Quarter

Ohio’s horizontal shale wells produced almost 2.5 million barrels of oil and 88.6 billion cubic feet of natural gas during the second quarter, according to data from the state Department of Natural Resources. The numbers represented a 27 percent rise in oil and a 32 percent increase in natural gas over the first quarter. Brine production from the wells increased 20 percent to just under 1.4 million barrels. Of 562 wells listed during the second quarter, 504 reported production, while the rest waited to be connected to pipelines. The producing wells averaged: 4,895 barrels of oil. 176 million cubic feet of natural gas. 67 days in production. Antero Resources’ Myron well in Noble County produced the most oil with 78,309 barrels during 91 days. Hall Drilling’s Hercher North well in Monroe County produced the most natural gas with 1.4 billion cubic feet during 91 days. Joseph BaronePresidentShaleDirectories.com 610.764.1232 jbarone@shaledirectories.com www.shaledirectories.com The p
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Giuliani Comments On Natural Gas Exporting and NY Moratorium

Former New York City Mayor Rudolph Giuliani on Friday urged President Barack Obama to fast-track applications to export natural gas as a means to promote energy production domestically and influence foreign policy. If exports of liquefied natural gas had been approved five years ago, it would give the U.S. another tool to deal with Russia today, Mr. Giuliani said. “You know how President Obama is looking at nonmilitary options to solve things such as the invasion of the Ukraine by Russia?” Mr. Giuliani said. “It would have been within our abilities to export a massive amount of natural gas — possibly to Europe; if not Europe, to other parts of the world — which would then have an impact on the world price of natural gas and would deprive [Russian President Vladimir] Putin of the only strength he has left in his economy. I believe this would be stronger than any of the sanctions placed on them.” Mr. Giuliani argued that even if U.S.-sourced natural gas were shipped to custo
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Getting China’s Natural Gas Could Be a Mountainous Task

Tapping China’s vast shale-gas reserves has proved more difficult than government planners in Beijing once hoped. In 2012, China’s National Energy Administration projected that, by 2020, from 60 billion to 80 billion cubic meters (bcm) of domestic shale gas would be pumped annually. Earlier this week the country’s energy chief, Wu Xinxiong, slashed the goal in half, to 30 billion bcm by 2020. According to the U.S. Energy Information Administration, China’s holds the world’s largest reserves of theoretically recoverable shale gas. But much of it is locked in mountainous regions in western China. While China’s leaders—concerned about steeply rising energy demand accompanying rapid urbanization—dearly want to emulate the U.S.’s shale-gas boom, it turns out Americans have several practical advantages. For starters, the U.S. shale-gas revolution kicked off in fairly accessible regions: the flatlands of Texas, North Dakota, and Pennsylvania. Joseph BaronePresidentShaleD
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Giuliani Comments Natural Gas Exporting and NY Moratorium

Former New York City Mayor Rudolph Giuliani on Friday urged President Barack Obama to fast-track applications to export natural gas as a means to promote energy production domestically and influence foreign policy. If exports of liquefied natural gas had been approved five years ago, it would give the U.S. another tool to deal with Russia today, Mr. Giuliani said. “You know how President Obama is looking at nonmilitary options to solve things such as the invasion of the Ukraine by Russia?” Mr. Giuliani said. “It would have been within our abilities to export a massive amount of natural gas — possibly to Europe; if not Europe, to other parts of the world — which would then have an impact on the world price of natural gas and would deprive [Russian President Vladimir] Putin of the only strength he has left in his economy. I believe this would be stronger than any of the sanctions placed on them.” Mr. Giuliani argued that even if U.S.-sourced natural gas were shipped to custo
http://www.shaledirectories.com/blog/giuliani-comments-natural-gas-exporting-ny-moratorium/

Shell Takes another Step toward the PA Cracker Plant

Shell Chemical LP has applied for a permit to build two docks and 24 smaller structures to moor barges near the site of its proposed petrochemical plant in western Pennsylvania. Shell s application is being reviewed by the U.S. Army Corps of Engineers, which controls traffic on the Ohio River. Shell has proposed building the plant on the riverfront site of a former zinc plant owned by Horsehead Corp. Shell hasn t formally committed to building the plant, which would convert ethane from Marcellus Shale natural gas liquids into chemicals used to make plastics, tires and even antifreeze. Shell spokesman Michael Marr says getting the necessary permits is a prerequisite for Shell to make a final investment decision. Shell has said it may take years to decide whether to build the plant. Joseph BaronePresidentShaleDirectories.com 610.764.1232 jbarone@shaledirectories.com www.shaledirectories.com The post Shell Takes another Step toward the PA Cracker Plant appeared first on Shale Directories
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