Tracking the Economic Growth (Jobs, Housing, Investment & Information)
Due to Shale Play Developments in the Ohio Valley Tri-State Area
Boom Headquarters - Belmont County OH
Below are some of the highlights of boom-related activities that have been reported with regard to Belmont County, Ohio:
Company acquires interest in Ohio Gathering Co. joint venture
June 3, 2014 / www.Ohio.com
From MarkWest Energy Partners:
Dallas, TX and Denver, CO (June 2, 2014)
- Summit Midstream Partners, LLC ("Summit Investments"), the privately held company that owns and controls the general partner of Summit Midstream Partners, LP (NYSE: SMLP), and MarkWest Energy Partners, L.P. (NYSE: MWE) ("MarkWest") announced today that a subsidiary of Summit Investments has exercised its option to acquire a 40.0% equity interest in Ohio Gathering Company, L.L.C. and Ohio Condensate Company, L.L.C. (together, "Ohio Gathering") from affiliates of MarkWest and The Energy & Minerals Group ("EMG"). In connection with the exercise of this option, Summit Investments reimbursed MarkWest and EMG approximately $377.0 million, which represents 40.0% of all Ohio Gathering capital contributions made to date.
Ohio Utica Shale
Company issues results from Bigfoot well in Belmont County
June 2, 2014 / www.ohio.com
Canonsburg (PA) /PRNewswire/
- Rice Energy Inc. (NYSE: RICE) today reported that it successfully tested the company's first Utica Shale well in central Belmont County, Ohio. In addition, Rice has strategically added to its firm transportation portfolio, providing increased market access for its growing production profile. Finally, Rice's borrowing base under its revolving credit facility was increased to $385.0 million.
Monroe County Leads Local Gas Production
Ohio Sees 28 Percent Increase Between 3rd, 4th Quarters of 2013
May 4, 2014 / TheIntelligencer.net
With one in eight of its residents out of work following the closure of Ormet Corp. last fall, Monroe County is in need of some good news.
Perhaps just in the nick of time, the county is quickly becoming one of the state's most prolific natural gas producers.
Local Vendors Benefiting From Drilling Boom
April 23, 2014 / TheIntelligencer.net
Eagle Manufacturing soon will hire about 25 additional employees as it prepares to roll out a new spill containment system for oil and gas drilling rig sites, according to its CEO, Joe Eddy.
Utica Shale Ohio - Drilling up 32% from March 2014
April 7, 2014 / UticaShaleBlog.com
According to the Ohio DNR Utica Shale activity report released today, the number of Utica Shale wells classified as drilling is up 31.7% from March 1st, up to 133 vs. 101. Chesapeake accounts for the bulk of the increase with 48 wells classified as drilling compared to 26 on March 1st.
Ohio expects 19,000 Utica wells in next 19 years, report says
March 18, 2014 / Ohio.com
Ohio is projecting that more than 19,000 new Utica shale wells for natural gas and liquids will be drilled in eastern Ohio in the next 19 years.
Regional Shale Activity Growing
March 8, 2014 / OhioEnergyResource.org
Belmont County may still be in the early phases of the Utica Shale rush, but Gulfport Energy, Antero Resources, Rice Energy, Hess Corp., XTO Energy and others have applied for 80 drilling permits from the Ohio Department of Natural Resources.
Belmont College offers new degree
March 6, 2014 / TimesLeaderOnline.com
Belmont College is celebrating a new associate's degree program.
The process technician degree is being offered in conjunction with Washington State Community College (WSCC) as part of the Industrial Technology curriculum. Students finishing the two-year degree will be prepared for employment in the chemical processing industry.
Antero to ramp up drilling activity
March 3, 2014 / TimesLeaderOnline.com
Antero Resources plans to spend about $2.6 billion for drilling, fracking and pipelining this year - reflecting nearly a $1 billion increase from the Denver-based company's $1.65 billion budget in 2013.
Stewart envisions major boost in Ohio's Utica shale in 2014
February 20, 2014 / Ohio.com
MAYFIELD HEIGHTS (OH)
Ohio's Utica shale is likely to get a "dramatic ramp-up" in 2014 and may get an even-bigger boost if technologies can be developed to tap its crude oil in the future, said the head of the Ohio Oil and Gas Association.
Texas company plans $468 million pipeline to ship Utica shale natural gas to Gulf Coast
February 17, 2014 / Ohio.com
A Texas company wants to build a 76-mile pipeline extension to move natural gas from the Utica and Marcellus shales to the Gulf Coast.
Texas Eastern Transmission LP said in a federal filing that it has agreements with four companies to transport national gas.
CONSOL has big plans for Marcellus and Utica shales
January 21, 2014 / TimesReporter.com
CONSOL Energy announced plans Tuesday to invest $1.1 billion in drilling operations, much of it targeting natural gas liquids in the Marcellus and Utica shales.
New Study Shows Utica Shale's Positive Economic Impact in Ohio
January 15, 2014 / EnergyIndepth.org
In the latest Ohio Utica Shale Gas Monitor from Cleveland State University, researchers re-examined the overall impacts of Utica Shale development, finding strong growth in sales tax revenues, a rapid growth in permitting and activity, job creation, and even a redefining development boundaries. All of this activity has boded well for eastern Ohio, as companies are investing billions of dollars in a portion of the state that has needed an economic boost for quite some time.
Drilling leads to billions in construction
January 14, 2014 / HeraldStarOnline.com
Powered by extensive Marcellus and Utica shale processing and pipeline infrastructure, the Wheeling Metropolitan Statistical Area saw construction investments grow from $60.3 million in 2012 to $1.72 billion in 2013.
Barnesville inks million dollar agreement
January 14, 2014 / TimesLeaderOnline.com
The Village of Barnesville has signed another lease agreement with Antero Resources, this time for water sales.
Sales-tax revenue up in strong drilling counties; job growth still slow
January 10, 2014 / Vindy.com
Shale-oil drilling is increasingly focusing on eight counties in eastern Ohio, including Columbiana, and those areas are seeing some of the biggest gains in sales-tax receipts.
Marcellus and Utica shale: Dec. permit hot spot: Belmont County
January 9, 2014 / FarmandDairy.com
Belmont County led Ohio for the most permits issued during December.
Production in Ohio's Utica shale rising fast
January 1, 2014 / The Columbus Dispatch
Ohio energy companies extracted more than twice as much oil and gas from the Utica shale in the third quarter of 2013 as they did in all of 2012, according to new figures issued by the state.
Although that might seem like a dramatic increase, the spike in production was not unexpected, considering the increase in active wells, industry expert say.
Sales Tax Revenue Continues to Climb in Ohio's Shale Country
December 17, 2013 / EnergyIndepth.com
Since Utica Shale development took off in 2011, companies have been investing a tremendous amount of capital in eastern Ohio. Billions of dollars are being spent to create much-needed infrastructure, developing well sites, constructing regional headquarters for service companies. In addition, landowners have benefited from lease payments, businesses have seen an uptick in sales activity, and counties are having their roads improved on behalf of companies operating in their communities.
County learns of pipeline
October 4, 2013 / HeraldStarOnline.com
The Jefferson County commissioners learned Thursday about a $200 million pipeline project that will run from northern Monroe County through Belmont County to northern Jefferson County.
Real estate market strong
September 24, 2013 / TimesLeaderOnline.com
THE HOUSING market in Ohio has shown improvement over the past six months, according to the Ohio Association of Realtors.
$125 million pipeline headed to Belmont
September 5, 2013 / HeraldStarOnline.com
More natural gas pipeline and processing infrastructure is headed to Belmont County, as PVR Partners will build a 45-mile pipeline for New York City-based Hess Corp.
Utica and Marcellus shale update: Belmont County leads Ohio in drilling permits in July
August 15, 2013 / FarmandDairy.com
The Ohio Department of Natural Resources reports 80 new horizontal drilling permits were issued in July.
Currently, the ODNR is reporting 32 drilling rigs operating in the state. So far, 832 horizontal drilling permits were issued since record keeping began and 466 wells were drilled. There are 122 producing wells in Ohio.
Congressmen help moderate Youngstown forum on Ohio shale-gas opportunities
August 14, 2013 / Vindy.com
U. S. Reps. Tim Ryan and Bill Johnson today were joined by a host of oil and gas experts and industry advisers to discuss the importance of developing Ohio's workforce as the shale-gas revolution continues to unfold here and across the country.
Hiring underway for new St. Clairsville Boscov's store
June 26, 2013 / wtov9.com
ST CLAIRSVILLE, Ohio - Boscov's department store is now in its hiring process before opening its new location at the Ohio Valley Mall in St. Clairsville.
Company representatives held interviews for managerial positions at a meet-and-greet event Wednesday while construction on the store continues.
New Hotel development coming to Belmont County
June 4, 2013 / wtov9.com
BELMONT COUNTY, Ohio
Belmont County developers are hoping to break ground on a new hotel in the Morristown area this summer and the construction means more money for the county.
Local store co-owner Delia Ballog said she and other family members plan to open a Sleep Inn behind their Bel-Morr business in Morristown. Residents say they like the plan.
* MarkWest Energy invested almost $2 billion on strategic growth projects primarily in their Marcellus and Utica business units in 2012 and, in 2013, expects to invest between $1.5 and $1.8 billion on additional capital projects. MarkWest has a facility already operational near Cadiz, Ohio (Harrison County) that is soon to increase its capacity. In addition, MarkWest is building a fractionator near Hopedale, Ohio (also in Harrison County) that will be connected via pipeline to the Cadiz plant. Hundreds of construction workers and pipeliners are now working at the plant and will be through 2014. MarkWest is also building a network of pipelines through eastern Ohio, including some in the Flushing area of Belmont County, Ohio. The MarkWest Cadiz processing complex will include a de-ethanization facility where purity ethane will be produced and delivered into the APEX Express ethane pipeline that will transport ethane from the Utica and Marcellus regions to the Gulf Coast for cracking. MarkWest also processes gas in West Virginia at the Mobley site in Wetzel County and the Majorsville complex in Marshall County. (See Martins Ferry's TimesLeaderOnline.com article dated March 6, 2013: Eastern Ohio feels drilling impact)
* Sheehan Pipeline is a Tulsa, Oklahoma-based company and a union contractor that will build a pipeline from Houston, Pennsylvania to Harrison County, Ohio. Sheehan Pipeline is to be the first tenant at the old Wheeling Corrugating site in Brooke County, West Virginia. They hope to begin working by April and 300 jobs are expected as a result. (See Steubenville's wtov9.com article dated March 5, 2013: Officials expect 300 jobs in Brooke County)
* Gulfport Energy's Stutzman well located in Belmont County, Ohio could be producing about $100,000 worth of revenue per day between natural gas and natural gas liquids such as ethane, propane, butane and other liquids. (See The Intelligencer, Wheeling News-Register article dated January 27, 2013: Wells Pump $100K Daily)
* Gulfport Energy Corp. has had much success with a well in the western Belmont County area known as Egypt Valley. The well has produced both dry methane gas as well as natural gas liquids that include ethane, propane, butane, and pentane. (See Martins Ferry's TimesLeaderOnline.com article dated October 15, 2012: Egypt Valley gas well booming)
* Great Plains Oilfield Rentals, a company that is an affiliate of Chesapeake Energy, is moving to St. Clairsville, Ohio (Belmont County) from West Virginia to be closer to Chesapeake's drilling activity. Great Plains Oilfield Rentals provides equipment to the oil and gas drilling industry. (See Wheeling's wtrf.com article dated September 19, 2012: Great Plains Oilfield Rentals Moving to St. Clairsville)
* Martins Ferry, Ohio (Belmont County) has been welcoming new businesses into their community as of late. At a recent council meeting, there was mention of National Lime & Stone and AWP (traffic control and safety) as well as 5 additional businesses or offices that have leased space and are in the process of remodeling or repairing their establishments. The 5 businesses referred to include 2 restaurants, a heating and cooling business, a general contractor, and a political campaign office. (See Martins Ferry's TimesLeaderOnline.com article dated July 19, 2012: Ferry enjoying business growth)
* It has been reported that: "MarkWest Utica has finalized agreements with Gulfport Energy to develop natural gas infrastructure in the Ohio Valley. They will develop primarily in Harrison, Guernsey, and Belmont Counties. The project is expected later this year." (See Wheeling's wtrf.com article dated June 4, 2012 and updated July 2, 2012: MarkWest Utica Shale Finalizes Agreement to Develop in 4 Ohio Counties)
* "Houses are selling at higher prices, hotels are full and apartments are renting quickly because of the Upper Ohio Valley's burgeoning oil and natural gas industry," according to a recent article published by The Intelligencer, Wheeling News-Register. People in the Wheeling, West Virginia (Ohio and Marshall Counties) area are discovering that oil and gas industry employees will pay a lot of money to rent, and it is becoming more difficult to find a quality rental. In addition, realtors are finding that the housing market throughout the area is very strong now as is the rental market. There are new houses and condominiums being built across the river in Belmont County (Ohio). In addition, there are new hotels being built (as well as campsites for recreational vehicles) throughout the area to accommodate out-of-state workers. (See The Intelligencer, Wheeling News-Register article dated June 30, 2012: Rental Market Drying Up Fast)
* There has been an influx of people coming to the Ohio Valley area as a result of the oil and gas industry boom. As a result, several hotels are at various stages of being built or opening in the Wheeling, West Virginia (Ohio and Marshall Counties) area: A 55-room Comfort Inn is now under construction in St. Clairsville, Ohio (Belmont County) ... across the river from Wheeling, WV ... and scheduled to open at the end of the year; an 83-room Microtel Inn & Suites is set to open at The Highlands in Triadelphia, WV (Ohio county) on Monday; a Holiday Inn express is also scheduled to open nearby in The Highlands area (Ohio County, WV), and another extended-stay hotel is slated to be built in Wheeling, WV (Ohio County) near the current SpringHill Suites. (See The Intelligencer, Wheeling News-Register article dated June 30, 2012: Rental Market Drying Up Fast)
* CONSOL Energy, a Pittsburgh-based company, drilled its first Ohio well in Tuscarawas County. According to a recent report, Harry Schurr, the company's general manager of Utica operations, indicated that the company expects to add perhaps 15 more Ohio wells this year on its nearly 200,000 acres. CONSOL will be focusing their drilling efforts in 5 Ohio counties: Portage, Trumbull, Mahoning, Tuscarawas, and Noble. In addition, CONSOL Energy is partnering with New York-based Hess Corp. in Ohio. The report indicates that Hess will develop wells on nearly 76,000 acres in Guernsey, Belmont, Jefferson, and Harrison Counties. Hess plans to drill 6 Ohio wells in 2012. CONSOL Energy recently opened an office in Leetonia, Ohio (Columbiana County). It moved 7 employees into that office and expects to add 3 more staffers by the end of 2012. (See Ohio.com's article dated June 27, 2012: CONSOL Energy has big drilling plans for Portage, four other Ohio counties)
* Force Inc., an oilfield services company, is to open a Barnesville, Ohio (Belmont County) location soon. Force Inc. has immediate openings for truck drivers, laborers, an office manager, and other positions. (See Steubenville's HeraldStarOnline.com article dated June 21, 2012: Drilling firms: We need workers)
* Belmont College in St. Clairsville, Ohio (Belmont County) recently announced its new Energy Institute which will provide education, training and preparation for employment in current and future sources of energy. (See Steubenville's HeraldStarOnline article dated June 21, 2012: Drilling firms: We need workers)
* Nearly 20 companies looking to hire employees for careers in the oil and gas industry in the Ohio Valley area recently took part in a job fair at the James E. Carnes Center in St. Clairsville, Ohio (Belmont County). Several hundred job seekers traveled to the job fair. The companies were interested in filling openings for many types of jobs from administrative and clerical jobs to truck drivers and rig workers. (See Steubenville's HeraldStarOnline.com article dated June 21, 2012: Drilling firms: We need workers)
* Stewart's RV Center in St. Clairsville, Ohio (Belmont County) finds that the service portion of the business has grown exponentially as campsites across the Ohio Valley are filled and new ones are opened to accommodate the influx of workers in the natural gas drilling industry. The business to service RV's is booming. RV's have appliances that are different from the ones in homes and they need regular servicing. Stewart's RV Center has hired more certified RV service workers and are still looking for even more. (See The Intelligencer, Wheeling News-Register article dated June 16, 2012: Repair Business Booming)
* Vice President Biden is to visit Youngstown, Ohio (Mahoning County) on Wednesday and Martins Ferry, Ohio (Belmont County) on Thursday. The manufacturing and auto industries are said to be topics of discussion. (See The Intelligencer, Wheeling News-Register article dated May 11, 2012: Vice President to Visit Martins Ferry)
* Waco Oil & Gas, a Glenville WV oil and gas production company that is affiliated with Exxon, will be setting up its headquarters in Bellaire OH (Belmont County). Waco Oil & Gas intends to hire 20-25 people with the expectation that the workforce will continue to grow as the company progresses. (See Martins Ferry's TimesLeaderOnline.com article dated April 5, 2012: Oil business flowing into Bellaire)
* A company in the oil and gas industry that has yet to be named has bought property along the riverfront in Martins Ferry OH (Belmont County). The company name is to be announced by the end of April or beginning of May. It is expected that the company will employ between 60 and 75 people. (See Steubenville's wtov9.com article dated April 4, 2012: Company in oil, gas industry buys local property)
* Murray Energy Corp. is in the process of building a new headquarters building in Belmont County OH and preparing to move in by June of this year. In addition, Murray Energy is investing in a new preparation plant as well as a conveyor belt at American Energy Corp.'s Century Mine near Beallsville OH (Monroe County). The company expects to hire an additional 300 employees as a result. (See The Intelligencer, Wheeling News-Register article dated March 27, 2012: Murray Energy Making Major Investments in Ohio Valley)
* The sixth annual Ohio Valley Job Fair will be held on Tuesday, April 3, 2012, from 12 pm to 4 pm at the Ohio Valley Mall in Saint Clairsville, Ohio, in the promotional court by Levin Furniture. There are said to be at least 30 businesses that will be present as well as two employers from the oil and gas industry. (See Martins Ferry's TimesLeader Online.com article dated March 12, 2012: Ohio Valley Job Fair changing locations)
* MarkWest Energy Partners, L.P. made the following announcement in a news release on March 6, 2012:
MarkWest Utica EMG, L.L.C. (MarkWest Utica), a joint venture between MarkWest Energy Partners, L.P. (NYSE: MWE) and The Energy and Minerals Group (EMG) focused on the development of significant natural gas gathering, transportation, and processing and natural gas liquid (NGL) transportation, fractionation, and marketing infrastructure in the Utica shale in eastern Ohio, today announced the execution of a letter of intent with Gulfport Energy Corporation (NASDAQ: GPOR) to provide gathering, processing, fractionation, and marketing services in the liquids-rich corridor of the Utica.
Under the terms of the LOI, which requires the execution of definitive agreements, MarkWest Utica will develop extensive natural gas gathering infrastructure with Gulfport and other producers primarily in Harrison, Guernsey, and Belmont counties that is expected to come online beginning in 2012. MarkWest Utica will process the gas at its Harrison County processing complex, and will provide NGL fractionation and marketing services at the Harrison County fractionator, where NGL purity products will be marketed by truck, rail, and pipeline.
"We are very excited to announce the development of midstream infrastructure with Gulfport and other producers to fully develop the rich-gas acreage in the southern Utica shale," said Frank Semple, Chairman, President and Chief Executive Officer of MarkWest. “The full spectrum of natural gas midstream services, particularly the fractionation and marketing of NGLs at a world-scale fractionation complex, is essential to the success of Utica producers, and we are excited to work closely with our producer customers to develop this prolific shale play.”
* NiSource Gas Transmission and Storage’s (NGT&S) Midstream Services announced a major midstream initiative in the liquids-rich fairway of the Utica play in eastern Ohio. The project includes the construction of an approximately 90-mile-long gathering system, extending through Columbiana, Carroll, Jefferson, Harrison, Belmont, and Monroe counties. The system will provide for both wet and dry gas gathering. In conjunction with the gathering project, NGT&S has purchased a cryogenic natural gas processing plant that will be delivered in July 2012. The plant and related facilities will be located in Harrison County. NGT&S will also construct a dry gas line originating from the processing plant that will gather additional dry gas produced in the Utica shale. The system will deliver gas to multiple interconnects include Texas Eastern (Spectra), Rocky Mountain Express (Kinder Morgan) and Columbia Gas. (See the OilVoice article dated March 1, 2012: NGT&S announces major investment in the midstream solution for Ohio Utica shale)
* Antero Resources, a company based in Denver, Colorado, has paid approximately $112 million to lease 19,000 Utica Shale acres from property owners in Belmont, Monroe and Noble Counties. Terms of $5,900 per acre plus 21 percent royalties were the final financial terms according to the report ... possibly the highest rates yet in eastern Ohio. (See The Intelligencer, Wheeling News-Register article dated February 11, 2012: Land Going for $112M - Antero to buy 19,000 Utica Shale acres)
* XTO Energy, a subsidiary of Exxon Mobil, is reportedly going to drill its first well in the Utica Shale in Belmont County, OH. In Belmont and Monroe Counties, Ohio, Exxon is said to have at least 52,334 acres leased for drilling while Chevron has several thousand of acres leased in Marshall and Ohio Counties, West Virginia. (See The Intelligencer, Wheeling News-Register article dated February 7, 2012: Exxon Is Drilling First Ohio Utica Shale Well)
* It has been reported that some Ohio residents are waiting to see how much of the $2.5 billion that Hess plans to spend on shale natural gas and oil development will be spent in their area. According to the news report, Hess spent $1.34 billion in 2011 for 185,000 Utica Shale acres in four counties in Ohio ... Belmont, Jefferson, Harrison, and Guernsey. (See The Intelligencer, Wheeling News-Register article date January 30, 2012: Hess to Spend $2.5 Billion for Shale Development).
* New car and truck sales in Monroe, Carroll, Belmont, Jefferson, and Harrison Counties rose 19.8 percent in 2011 from 2010 ... well above the gain of 12.6 percent statewide. (See The Intelligencer, Wheeling News-Register article dated January 29, 2012: Counties Enjoying Shale Boom)