Drilling Down
Fracking Opponents Call for ODNR Chief to Resign
Tuesday, March 04, 2014YOUNGSTOWN, Ohio -- A coalition of environmental and citizen groups opposed to the use of hydraulic fracturing is demanding that the director of the Ohio Department of Natural Resources, James Zehringer, resign his position immediately.
Chesapeake Says It Expects Utica Ramp Up in 2014
Wednesday, February 26, 2014YOUNGSTOWN, Ohio -- Chesapeake Energy Corp. said it expects production of natural gas and natural gas liquids from its wells in eastern Ohio's Utica shale to reach 700 million cubic feet per day by the end of this year.
The company provided a Utica update along with its 2013 fourth quarter and year-end results Wednesday.
Utica net production averaged approximately 189 million cubic feet of natural gas and NGLs per day, an increase of 309% compared to the same period last year and a 15% boost from the third quarter, Chesapeake said.
Shale Industry Argues 'What's Truth, What's Myth'
Tuesday, February 25, 2014YOUNGSTOWN, Ohio -- The executive director of API Ohio, a division of the American Petroleum Institute, says that initiatives to ban oil and gas exploration in certain areas of Ohio may not hold much clout now, but could affect public policy in the future.
"If over time, you see a number of local communities who are questioning whether they want activity in their area -- that could impact state law," says the trade group’s Christian Zeigler. "Policies can change, and they can change based on the public's perception of an issue."
Chesapeake to Spin Off Its Oilfield Services Division
Monday, February 24, 2014OKLAHOMA CITY -- Chesapeake Energy Corp. plans to get out of the well-drilling and oilfield services business by either spinning off its Chesapeake Oilfield Services division to shareholders or through “an outright sale.’
The announcement was made this morning.
“A separation of COS is aligned with our strategies of financial discipline and profitable and efficient growth from captured resources,” said Chesapeake’s CEO, Doug Lawler, in a statement.