Welcome to the Business Journal Archives
Search for articles below, or continue to the all new BusinessJournalDaily.com now.
YOUNGSTOWN, Ohio -- The Ohio Department of Natural Resources issued 14 horizontal well permits during the week ended Jan. 31 to five companies exploring the Utica shale for oil and gas reserves, the agency reports.
According to ODNR's website, Gulfport Energy Corp. received four new permits to drill wells in Belmont County, while Eclipse Resources secured four new permits for wells in Noble County.
Energy companies are concentrating exploration efforts in the southern tier of the play, a region that's produced some of the Utica's most powerful wells.
YOUNGSTOWN, Ohio -- Dr. Terry Engelder, professor in the geosciences department at Pennsylvania State University, will speak on “Imbibition: The Major Reason Why Fracking Fluid Is Most Unlikely to Mix With Groundwater Along Natural Pathways” tonight at Youngstown State University.
PITTSBURGH -- Blue Racer Midstream LLC has shelved plans to construct a multimillion-dollar natural gas processor in southeastern Mahoning County, one of the company's top executives said Thursday.
"I wouldn't say it's out of the question at some point in the future, but it certainly is at this particular point in time," remarked Scott Williams, executive vice president and chief commercial officer for Blue Racer.
Williams was among a host of speakers who addressed the Hart Energy Marcellus-Utica Midstream Conference here yesterday.
YOUNGSTOWN, Ohio -- Houston-based Hilcorp Energy Co. sees opportunity where others don’t as it plans to drill more natural gas wells this year in the northern tier of the Utica shale in Ohio and western Pennsylvania.
“We’re optimistic that oil and gas development will remain successful in this part of the Utica,” says Justin Furnace, spokesman for Hilcorp. “In 2014 alone, we spent $400 million in development of the play.”