West Virginia Gov. Earl Ray Tomblin told legislators in his State of the State Address on Wednesday that he would intensify efforts to attract an ethane cracker to the state.
Valley
Articles from Valley
Chesapeake Inks Second Deal With Ohio Landowners’ Group
Hundreds of landowners with the nonprofit Associated Landowners of the Ohio Valley (ALOV) have agreed to sign lease agreements with Chesapeake Energy Corp.
$100M Proppant Plant Slated for Arkansas
Ceramic products company Saint-Gobain is developing a ceramic proppant manufacturing plant in Saline County, AR. The company said its proppants division will build a 100,000-square-foot facility on 68 acres at a cost of $100 million.
LNG Trucking Proposed in Alaska
Golden Valley Electric Association (GVEA) and Flint Hills Resources Alaska are working on a plan to construct a natural gas liquefaction facility on the North Slope and truck its liquefied natural gas (LNG) output to the state’s Interior by the first quarter of 2014.
North Slope LNG Trucking Proposed in Alaska
Golden Valley Electric Association (GVEA) and Flint Hills Resources Alaska are working on a plan to construct a natural gas liquefaction facility on the North Slope and truck its liquefied natural gas (LNG) output to the state’s Interior by the first quarter of 2014.
Eagle Ford Stars in Penn Virginia Liquids Shift
Penn Virginia Corp. CEO H. Baird Whitehead admitted to financial analysts Thursday that the company is “essentially a one-trick pony at this moment” due to its heavy focus on the Eagle Ford Shale of South Texas. However, he said, “we think it’s a pretty good-looking pony.”
WSI Corp. Sees Steamy Summer Months Ahead
The Ohio Valley and Great Lakes areas can expect temperatures to average cooler than normal over the next three months, while the rest of the country will have a warmer-than-normal summer, according to forecasters at Andover, MA-based WSI Corp.
Landowners’ Group in Ohio Signs with Chesapeake
After months of conducting their own research into the booming oil and gas industry, thousands of landowners with the Associated Landowners of the Ohio Valley (ALOV) have recently signed Marcellus Shale lease agreements with Chesapeake Energy Corp.
Ohio Landowners’ Group Signs with Chesapeake
After months of conducting their own research into the booming oil and gas industry, thousands of landowners with the Associated Landowners of the Ohio Valley (ALOV) have recently signed Marcellus Shale lease agreements with Chesapeake Energy Corp.
Industry Briefs
Energen Resources Corp. has purchased three-year leases for about 17,000 net acres in the Bone Spring and Avalon shale trends in the Permian Basin from various Texas state agencies and other entities for $15.3 million, said parent Energen Corp. Based on 320-acre spacing, the company estimates that the acreage in Reeves, Ward, Loving and Winkler counties offers potential for approximately 50 Bone Spring locations and 50 Avalon Shale locations. The typical Bone Spring well has estimated ultimate recovery of 400,000-500,000 boe, the company said. Energen Resources estimates that drilling and completion costs are approximately $7.5 million per well. It has drilled eight Bone Spring wells in Ward and Winkler counties and participated in another 23 wells. The company announced plans in December to drill another 13 Bone Spring net wells in 2011 and at least one Avalon Shale well. Potential drilling plans on the new leases in 2011 have not been determined.