*Part one of four. From east to west, this series previews the Nov. 6 midterm elections and their implications for the oil and natural gas industry. It offers a glimpse of candidates running for state and federal offices, the prominent energy-related issues factoring into campaigns, ballot initiatives and the fight for control of the U.S. House and Senate, which could have implications for key energy committees. Part 2 reviews western U.S. energy issues and races;Part 3 highlights key issues in Senate races; andPart 4 focuseson implications of a possible Democratic takeover of the House.
Articles from ohio
Nexus Gas Transmission LLC and the interconnected Texas Eastern Appalachian Lease (TEAL) Project are ready to ramp up east-to-west capacity out of the nation’s key natural gas basin, according to recent FERC filings.
Ohio’s unconventional oil production bounced back in the second quarter, reaching 4.5 million bbl, an 11% increase from the year-ago period, according to data released by the Ohio Department of Natural Resources (ODNR).
Ohio’s unconventional natural gas production continued its upward climb in the first quarter, jumping more than 40% year/year (y/y) and setting a new state record at 531.3 Bcf.
As Appalachian natural gas production started to boom about a decade ago, first came the pipelines and then the processing facilities. Now it’s time for underground natural gas liquids (NGL) storage, said speakers at an industry conference near Pittsburgh last week.
Two bills that were a high priority for Ohio’s oil and gas industry have passed the legislature and are headed to Gov. John Kasich for his signature.
Stronger oil prices are again incentivizing natural gas liquids (NGL) development in Appalachia, and the midstream sector is keeping pace with a slew of gathering and processing projects in the works, as rigs shift back toward wetter portions of the Marcellus and Utica shales.
Democrat Richard Cordray and Republican Mike DeWine will faceoff to be Ohio’s next governor in the November general election after they won their respective party primaries by wide margins. DeWine, who is the state’s attorney general, ousted Lt. Gov. Mary Taylor with roughly 60% of the vote. Cordray, who once served as director of the Consumer Financial Protection Bureau under President Obama, beat runner-up Dennis Kucinich with about 62% of the vote. DeWine, a moderate Republican, has heaped praise on the oil and gas industry and the role Utica Shale development has played in the economy. Cordray has said little about energy issues, but scoffed at Kucinich’s call to ban all oil and gas drilling in the state.
The grim outlook for natural gas prices, along with management’s desire to protect the balance sheet, has prompted Eclipse Resources Corp. to cut its full year capital expenditures forecast by 20%.
Two Democratic lawmakers from Northeast Ohio have introduced a bill that would see the communities they represent and others where injection wells are located receive more of the fees collected to dispose of oil and gas waste.