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YOUNGSTOWN, Ohio -- The number of rigs drilling in Ohio's Utica shale continued to decline last week as producers scaled back exploration programs in the face of low oil and gas prices.
The rig count dropped to 38 in the Utica during the week ended Feb. 7 compared to 40 in operation during the previous week. In early January, the rig count was as high as 53.
The Ohio Department of Natural Resources last week issued 12 permits for horizontal wells, one of which is slated for Columbiana County.
YOUNGSTOWN, Ohio -- Energy in Depth, a shale industry advocacy group, says Ohio is “leading the way on injection well regulations.”
A post on the group’s website cites last week’s meeting in Trumbull County, home to the most Class II brine injection wells in Ohio -- 17 -- and credits “thoughtful leadership in Trumbull County.”
FINDLAY, Ohio -- Marathon Pipe Line LLC and Ohio River Pipe Line LLC, divisions of MPLX LP, Monday announced the start of a binding open season to assess interest and solicit commitments from prospective shippers on the Cornerstone Pipeline and associated Utica Shale build-out projects.
The binding open season provides shippers the opportunity to secure priority and non-priority transportation service on these pipelines. It began yesterday and concludes March 13.
PITTSBURGH -- EQT Corp. reports that the initial wells the company drilled in eastern Ohio's Utica shale determined that projected oil and gas recovery from the rock was "significantly below our expectations," forcing the company to write off its Utica acreage to the tune of $162 million.
Most of the acreage is in Guernsey County, where other energy companies have developed successful wells and drilling programs, officials said during a conference call Thursday. The company also has leasehold postitions in Jefferson County.