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Drilling Down
New Pipeline: Kensington Plant to Canadian Markets
![](https://archive.businessjournaldaily.com/sites/default/files/UnityPipeline.jpg?1384003686)
YOUNGSTOWN, Ohio – Affiliates of Hilcorp Energy and NiSource are combining with two pipeline companies in the newly announced Unity Pipeline Project to create a 380-mile pipeline from the UEO Buckeye gas processing plant in Kensington, Columbiana County, to carry condensate and natural gasoline to serve markets in Canada.
The project was announced Nov. 4.
MarkWest Brings More Processing Plants Online
![](https://archive.businessjournaldaily.com/sites/default/files/DDlogoLeftPlacement_194.jpg?1384003476)
DENVER -- MarkWest Energy Partners updated its operations in the Marcellus and Utica shale plays Friday, reporting that it now has 21 major processing and factionation projects under construction.
These projects are occurring at eight large-scale complexes in Ohio, Pennsylvania, and West Virginia and are expected to increase the partnership’s total processing capacity to over 4 billion cubic feet (Bcf/d) and total fractionation capacity to nearly 300,000 barrels per day (Bbl/d) by the end of 2014, the company said.
Halcon CEO: Expletive Not Deleted in Utica Assessment
![](https://archive.businessjournaldaily.com/sites/default/files/WilsonFloydHalconCEO.jpg?1383910182)
YOUNGSTOWN, Ohio – A transcript of the conference call Nov. 5 with the CEO of Halcon Resources contains language (Warning: expletive not deleted in this report) that leaves no doubt about his negative view of “wildcat wells” his company drilled in northern tier of the Utica shale play.
But exactly where? Which wells failed to produce?
Chesapeake Boosts Income, Gas Production in Utica
![](https://archive.businessjournaldaily.com/sites/default/files/Chesapeake250_0.jpg?1383762250)
OKLAHOMA CITY -- Chesapeake Energy Corp. today reported adjusted net income available to common stockholders of $282 million or 43 cents per fully diluted share. This compares to adjusted net income of $35 million, or 10 cents per fully diluted share, for the third quarter of 2012.
Among its operating highlights, Chesapeake cited a 23% increase in net daily oil production during the quarter, up to 120,000 million barrels. The outlook for full-year oil production is potentially 42 million barrels, a 34% increase compared to 2012.