Drilling Down
Chesapeake Reports Liquids Production on the Rise
Wednesday, November 14, 2012YOUNGSTOWN, Ohio – Chesapeake Energy Corp.'s natural gas liquids and oil production is expected to hit 250,000 barrels per day by 2015, according to a forecast from company CEO Aubrey McClendon.
In a presentation Tuesday at the Merrill Lynch 2012 Energy Conference in Miami, McClendon made the case for Chesapeake's continued aggressive shift toward oil and natural-gas liquids, while noting that pulling back from dry gas exploration should force those prices to rise over time.
Anchor Drilling Fluids Opens $2M Plant in Wellsville
Tuesday, November 13, 2012WELLSVILLE, Ohio -- Come Friday, the 12,000-square-foot Anchor Drilling Fluids Inc. plant here will begin producing drilling fluids to serve the oil and gas extraction industry.
On five acres in the Wellsville Intermodal Facility industrial park, the new plant, the first of its kind in Ohio, will produce and store "environmentally friendly fluids" for use in shale drilling, Anchor said in a prepared statement issued Monday. Anchor is based in Tulsa, Okla. The fluid is used to lubricate the drill during deep drilling.
Drillers Want ‘Another Bite at Apple,’ ALOV Warns
Tuesday, November 13, 2012YOUNGSTOWN, Ohio – Be careful when landmen knock on your door, promising more royalties from even more gas wells if you amend your mineral lease, attorney Alan Wenger told some 500 members of the Associated Landowners of the Ohio Valley gathered Monday evening at the Covelli Centre.
“The largest protagonist for amendments is Chesapeake,” he said. “They have such huge holdings in our area, it’s very difficult for them to drill enough wells to hold all the parcels during the primary terms of their leases.”
Lordstown Landowners to Bargain for Mineral Rights
Monday, November 12, 2012
LORDSTOWN, Ohio – More than 30 landowners in and around Lordstown have formed the Lordstown Regional Landowners Group to maximize their mineral rights opportunities following the transfer of leases to Halcon Resources Corp. that affect 31,000 acres
Michael Hodak, president of the group, and attorney Alan D. Wenger, who heads the oil and gas practice at Harrington, Hoppe & Mitchell Ltd. Youngstown, announced the formation of the group Sunday.
The group owns 5,000 of the 31,000 acres affected, Hodak said. The leases were transferred last August.
Shale Gas Contracts Don’t Come Easily
Saturday, November 10, 2012COLUMBIANA, Ohio -- To hear Jerry Stoneburner tell it, he stumbled into being a successful supplier to the energy companies drilling for oil and gas in the Utica shale in eastern Ohio.
Stoneburner, president of Buckeye Transfer Inc., bought the former National Refractories & Minerals property, a brownfield site west of Columbiana and north of Leetonia, in bankruptcy court after its former owners filed Chapter 11 bankruptcy in 2001.