The federal government wants to keep closer tabs on the “fast-growing” natural gas development in the Marcellus Shale in Pennsylvania and Utica Shale in Ohio.
Utica
Articles from Utica
USGS: Shale Underlies Some of Susquehanna Valley’s Prime Aquifers
Portions of the Susquehanna River Valley aquifer in an area of New York that overlies the Marcellus and Utica shales are among the most favorable for potential large-scale groundwater supply, according to a U.S. Geological Survey (USGS) study.
Ohio Judge Upholds Class Action Suit, Denies XTO Motion to Intervene
An Ohio judge has upheld a class action lawsuit against a Utica Shale driller, a decision that could release hundreds of landowners from undeveloped oil and natural gas lease agreements.
Range Sells Noncore Permian Assets for $275M
Continuing to focus ever more sharply on liquids-rich and oil projects, Range Resources Corp. has entered into an agreement to sell for $275 million some of its gassier Permian Basin properties in New Mexico and West Texas.
PJM Data Show Growing Interest in Gas-Fired Generation
Nearly 70% of the proposed power generation capacity proposed in the last two years for the 13-state PJM Interconnection electric grid, which includes the Marcellus and Utica shales, now comes from natural gas generation, showing a marked increase in the popularity of natural gas over alternate fuels.
PJM Data Show Growing Interest in Gas-Fired Generation
Over the last two years nearly 70% of the new power generation plants proposed for the 13-state PJM Interconnection electric grid, which centers on the Marcellus and Utica Shales, would be fired by natural gas.
Hess Exiting Refining Business, Keeping Shale Assets
Hess Corp. won’t sell its unconventional assets in the Bakken, Eagle Ford and Utica shale plays, but it is looking at proposals from a hedge fund that wants a larger stake in the company, Hess officials said during a 4Q2012 earnings call on Wednesday.
Magnum Hunter Touts Best-Ever Eagle Ford Wells
Magnum Hunter Resources Corp. brought online two new company-operated Eagle Ford Shale wells three days before Christmas. The wells’ best-ever results for the company in the Eagle Ford could have Magnum Hunter rethinking its idea of divesting Eagle Ford properties, said CEO Gary C. Evans.
Study: Lease Bonuses Up in Many States, Hit Jackpot in Ohio
Bonus payments to landowners with oil and natural gas leases climbed to new highs during the third quarter, but they skyrocketed in Ohio’s Utica Shale, according to a survey by Farmers National Co. (FNC), a real estate management firm that also tracks data for landowners.
Lease Bonuses Skyrocket in Ohio, Elsewhere
Bonus payments to landowners with oil and natural gas leases climbed to new highs during the third quarter, but they skyrocketed in Ohio’s Utica Shale, according to a survey by Farmers National Co. (FNC), a real estate management firm that also tracks data for landowners.