Earlier

Rex Energy Corp., which expanded its operations in Ohio’s Utica Shale earlier this year, said Wednesday it was pleased with the initial production results from its first Ohio Utica Shale well.

The Pennsylvania General Assembly has passed a bill that authorizes the state Department of General Services (DGS) to lease state-owned land for oil and natural gas drilling, as well as mining for coal, limestone and collecting coalbed methane.

Encana Corp. has about 50 billion bbl of oil in place in its five largest liquids plays, according to Eric Marsh, executive vice president. Earlier this month at Barclays CEO Energy/Power Conference, the Tuscaloosa Marine Shale (TMS) was at the top of his list.

PDC Energy Inc. received several joint ownership and development proposals for its Utica Shale position in southeast Ohio from potential joint venture (JV) partners, but they “do not meet PDC’s value expectations,” so the Denver-based company will pursue development in the play independently.

Improved well results experienced by Houston-based Crimson Exploration Inc. and other operators continue to demonstrate the economic viability of the Eagle Ford Shale in Zavala and Dimmit counties, TX, said Crimson CEO Allan Keel in announcing the company’s latest well results Monday.

Encana Corp. has about 50 billion bbl of oil in place in its five largest liquids plays, according to Eric Marsh, executive vice president. Earlier this month at Barclays CEO Energy/Power Conference, the Tuscaloosa Marine Shale (TMS) was at the top of his list.

While natural gas production is booming in Pennsylvania, applications to drill unconventional wells in the state appear to have fallen off a cliff in the last three months while the number of wells spudded has been slowly declining for almost a year, indicating producers in the Marcellus and Utica shales have gotten the gas glut message.

Chesapeake Energy Corp. is selling legacy properties in the Cana Woodford Shale, including the rights to 298 producing wells, “because it does not have the drilling budget to adequately develop the abundant additional opportunities in the area,” according to a sales listing. Ninety-eight percent of the leases are held by production.

Elected officials in the Town of Chenango, NY, voted unanimously on Wednesday to schedule a public hearing over whether to enact a one-year moratorium on oil and natural gas activities, including hydraulic fracturing (fracking).