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Drilling Down
‘3 Minutes With’ MarkWest CEO Frank Semple
Thursday, March 15, 2012YOUNGSTOWN, Ohio – Frank Semple, CEO of MarkWest Energy Partners LP, talks about his company’s recently announced new plant in Cadiz during today’s “3 Minutes With” video. Semple discusses how the plant will separate the wet and dry gas taken from the Utica shale play, why Harrison County was chosen for the plant and the potential for investment there, using its investment in the Marcellus shale play as a benchmark.
Kasich Proposes Tax Hike on Drilling, Cut Income Tax
Thursday, March 15, 2012YOUNGSTOWN, Ohio – Gov. John Kasich formally announced Wednesday what has been suspected for the last week: the state will raise taxes on oil and natural-gas drillers to help subsidize an income tax cut for Ohio residents.
"We believe by modernizing our energy taxes, we can allow all 11.5 million Ohioans to benefit," Kasich said as part of his mid-biennium review proposal delivered in Columbus and streamed live on OhioChannel.org. "Every dime of the modernized severance tax would go into a dollar-for-dollar income tax cut."
Town of Kensington Is Location of Gas Processing Plant
Wednesday, March 14, 2012YOUNGSTOWN, Ohio – The tiny town of Kensington in Columbiana County's Hanover Township is the location of the huge natural gas processing plant that Chesapeake Energy Corp. and its partners plan to build, The Business Journal has confirmed.
The site of the project, called the Kensington Plant, is plotted on a map posted on the website of M3 Midstream LLC, which does business as Momentum.
Midstream Processors Stake Huge Claims in Eastern Ohio
Wednesday, March 14, 2012CADIZ, Ohio – First, it was MarkWest Energy Partners LP's meet-and-greet session noon Tuesday at its new regional office here, as this community in Harrison County welcomed with open arms a company that plans to deliver nearly $1 billion worth of investment in sophisticated natural gas-processing operations and hundreds of new jobs.
Weatherford Confirms It's Scouting 'Several' Sites
Wednesday, March 14, 2012YOUNGSTOWN, Ohio -- Weatherford International is scouting "several" potential locations for a facility in the city, a company spokeswoman confirmed Tuesday.
Weatherford communications coordinator Melanie Kunia said the oilfield services company is performing due diligence on the sites and that more information would be made available about the company's plans in the next few weeks. She could not say what type of operation the company would be locating here or how many employees it planned to hire, but that it would cover “multiple product lines.”