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Drilling Down
Shale Database to Connect Buyers with Suppliers
Tuesday, May 01, 2012CAMBRIDGE, Ohio -- Imagine the name of your business, a description of what you do and where you can be contacted on the computer screen of every major oil and gas drilling company rushing to strike it big in Ohio’s Utica shale play. And all you had to do was register online.
The prototype for what soon will become a statewide shale energy supply chain database will now be launched at the end of May, not April 30 as initially reported. The effort is being coordinated by the Consortium for Energy, Economics & the Environment at the Voinovich School of Ohio University.
Want Shale Contracts? Start Now
Monday, April 30, 2012CAMBRIDGE, Ohio -- Only one thing is worse than loading a truck at 2 a.m.: Seeing your competitor load the truck at 2 a.m.
So warns Brooks Miller, vice president of regional sales for Ken Miller Supply as he summarizes a day of how-to advice for business owners and managers seeking contracts in the emerging oil and gas industry.
Weatherford Pays $3.4M for Performance Park Building
Monday, April 30, 2012YOUNGSTOWN, Ohio -- Another global oil and gas company is moving into the Mahoning Valley with the closing of a $3.4 million transaction to set up shop in the city's Performance Place Industrial Park.
An affiliate of Weatherford International, based in Geneva, Switzerland, has purchased the former acquired the former Polyair facility. The 153,708-square foot building sits on 20 acres; its $3.4 million sale price amounts to about $22 per square foot, public records show.
Chesapeake Energy to End Founders Well Program
Friday, April 27, 2012OKLAHOMA CITY – Chesapeake Energy Corp., under heavy fire from angry shareholders and now a probe by the Securities and Exchange Commission, announced Thursday that it would end a program that gave the company's CEO a share in wells Chesapeake drills.
The program, called the Founders Well Participation Program, came under assault from shareholders when it was discovered that CEO Aubrey McClendon used his shares in thousands of wells as collateral and leveraged more than $1 billion in personal loans.