Welcome to the Business Journal Archives
Search for articles below, or continue to the all new BusinessJournalDaily.com now.
YOUNGSTOWN, Ohio -- Hilcorp Energy Co. secured three new permits for horizontal wells this month in neighboring Mercer County, Pa., according to the Pennsylvania Department of Environmental Protection.
The Houston-based energy company is the most active driller in the northern tier of the Utica shale, which includes Lawrence and Mercer counties in Pennsylvania and Mahoning, Trumbull and Columbiana counties in Ohio.
YOUNGSTOWN, Ohio -- Hilcorp Energy Co. received two new permits for horizontal wells in Columbiana County, as that company continues to develop acreage in the northern Utica shale that it acquired more than a year ago in a lease assignment deal with Chesapeake Energy Corp.
The Ohio Department of Natural Resources awarded Hilcorp two permits to drill at the Nolker site in Fairfield Township, the agency reported. Last month, Hilcorp secured six permits to drill at the McNicol farm in Fairfield Township, which is part of the Brinker Storage Field.
CARROLLTON, Ohio -- No natural gas well has evoked shouts of “Eureka!” that reverberated across Carroll County, a once pastoral place in east central Ohio. Nor is there one well, one drill site, with crude production so staggering that it stops oil barons in their tracks.
WASHINGTON, Pa. -- Range Resources says it believes the company’s Utica/Point Pleasant well in Washington County, has achieved the highest initial production rate of any horizontal well drilled in the Appalachian Basin. The company made the announcement at the same time it released a 2015 capital spending budget of $1.3 billion -- a decrease of 18% from its 2014 budget.
DALLAS -- Summit Midstream Partners and XTO Energy Inc., a subsidiary of ExxonMobil, announced Monday they will develop and operate a $400 million natural gas gathering system servicing XTO’s production from Belmont and Monroe counties in southeastern Ohio.
The gathering system will be owned and developed by Summit Midstream Utica LLC, a new indirect subsidiary of Summit Investments. XTO will be the anchor shipper and has dedicated 29,000 acres to Summit Utica under a long-term, fee-based gathering agreement, the companies said.