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Ohio Oil and Gas Production Saw Steep Declines During Pandemic

Ohio Oil and Gas Production Saw Steep Declines During Pandemic

Ohio’s oil and natural gas production dropped last year as operators shut in volumes and curbed activity amid the Covid-19 pandemic, according to the Ohio Oil and Gas Association’s (OOGA) annual Debrosse Memorial Report.   Natural gas production fell by 10% year/year to 2.4 Tcf in 2020, according to estimates included in the report. Oil production…

July 23, 2021
U.S. Natural Gas Rig Count Up Two as GOM Activity Rises

U.S. Natural Gas Rig Count Up Two as GOM Activity Rises

The U.S. natural gas rig count rose two units to finish at 101 during the week ended Friday, a week that also saw a notable uptick in drilling activity in the Gulf of Mexico (GOM), according to updated data from oilfield services provider Baker Hughes Co. (BKR). Drilling gains in the United States for the…

July 9, 2021
Ohio NGL Project Lands First Customer in Possible Breakthrough for Appalachian Hub

Ohio NGL Project Lands First Customer in Possible Breakthrough for Appalachian Hub

Plans for an underground natural gas liquids (NGL) storage facility in Ohio seen as key to the region’s petrochemical build-out have moved another step closer to reality as the backer of a multi-billion dollar ethane cracker has signed a preliminary agreement to further its development.   Energy Storage Ventures LLC (ESV) and an affiliate of Thailand’s…

July 27, 2020
Montage Strikes Deal to Sell Utica Gathering Infrastructure

Montage Strikes Deal to Sell Utica Gathering Infrastructure

Appalachian pure-play Montage Resources Corp. has agreed to sell noncore natural gas gathering assets in Ohio’s Utica Shale to an undisclosed company for $25 million.  Montage said an international company agreed to purchase the infrastructure, which is in a condensate development area. The transaction is expected to close in 4Q2020. Proceeds would be used to…

July 27, 2020
Diversified Reaches Deal to Extend Ohio Well Plugging Obligations

Diversified Reaches Deal to Extend Ohio Well Plugging Obligations

Diversified Gas & Oil plc said this week that it has extended its asset retirement agreement with Ohio regulators and agreed to plug more wells each year.

March 25, 2020
Estimates Show Ohio Oil Production Shattered 19th Century Record Last Year

Estimates Show Ohio Oil Production Shattered 19th Century Record Last Year

Oil production in Ohio last year likely surpassed the state’s all-time record set in 1896 if estimates included in the Ohio Oil and Gas Association’s (OOGA) annual Debrosse Memorial Report prove accurate.

March 18, 2020
Natural Gas Production Continued Climbing in Ohio, Pennsylvania Last Year

Natural Gas Production Continued Climbing in Ohio, Pennsylvania Last Year

Unconventional natural gas production in Ohio and Pennsylvania again posted gains last year, but the annual growth rate in both states slowed as operators have cut budgets amid a slide in commodity prices.

March 3, 2020
NatGas Production Up Again Last Year in Ohio and Pennsylvania

NatGas Production Up Again Last Year in Ohio and Pennsylvania

Unconventional natural gas production in Ohio and Pennsylvania again posted gains last year, but the annual growth rate in both states slowed as operators have cut budgets amid a slide in commodity prices.

March 2, 2020

Referendum Possible on Ohio Nuclear Subsidy Bill Threatening Natural Gas

The Ohio Supreme Court provided a glimmer of hope last week for opponents of state House Bill (HB) 6, which mandates $150 million in annual subsidies over seven years for two nuclear power plants in the state, and is therefore seen as a threat to natural gas-fired power generation.

December 30, 2019

Ohio Supreme Court Keeps Hope Alive for Opponents of Nuclear Subsidy Bill

The Ohio Supreme Court provided a glimmer of hope on Tuesday for opponents of state House Bill (HB) 6, which mandates $150 million in annual subsidies over seven years for two nuclear power plants in the state.

December 27, 2019
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