Tracking the Economic Growth (Jobs, Housing, Investment & Information)
Due to Shale Play Developments in the Ohio Valley Tri-State Area
Boom Headquarters - Noble County OH
Below are some of the highlights for boom-related activities that have been reported with regard to Noble County, Ohio:
Ohio has 879 drilled Utica wells with 467 wells in production
June 3, 2014 / www.Ohio.com
Ohio has approved 1,283 Utica shale permits, as of May 31, the Ohio Department of Natural Resources reports.
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.
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.
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.
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.
Antero putting more resources into Utica shale play
January 28, 2014 / bizjournals.com
Antero Resources, the third-most-active oil and gas driller in the Utica shale play, is focusing more of its investment into Ohio wells and rigs.
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.
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.
MarkWest piping local ethane to Gulf Coast
November 12, 2013 / HeraldStarOnline.com
Up to 400,000 barrels of Marcellus and Utica shale ethane, propane and butane will head south each day by 2016 because of pipeline agreements between MarkWest Energy and Kinder Morgan Inc.
MarkWest's Seneca I plant begins processing natural gas
November 7, 2013 / Ohio.com
Ohio has new natural gas-processing capacity.
MarkWest Energy Partners' Seneca I plant in Noble County came online this week.
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.
Companies announce plans to construct major pipeline through Carroll County
August 13, 2013 / FreePressStandard.com
Carroll County residents were offered the opportunity to learn about a proposed pipeline project that would traverse Carroll County.
Officials from Williams and Boardwalk Pipeline Partners, LP, two energy infrastructure companies that have partnered for a joint venture known as the Bluegrass Pipeline Project, were on hand at the Senior Friendship Center in Carrollton to lay out plans an answer questions.
Read full story >>>
Company to build its 3rd natural gas processing plant in Noble Co.
June 3, 2013 / wtov9.com
NOBLE COUNTY, Ohio
MarkWest Energy officials say plans are in place to build another gas processing plant in Noble County.
This will be MarkWest's third facility in the county and workers are moving quickly to build the new plant.
Just like several other communities in the Ohio Valley, Noble County sits in the heart of pipeline work and natural gas reserves. Officials said it's expected to bring jobs in a few months and the county is already benefiting from its lease money.
* Antero Resources has completed two wells in Noble County, Ohio, and finds the results to be "encouraging". Antero has another well coming in about 10 miles from Cambridge. (See ConshoctonTribune.com article dated August 26, 2012: Companies call most Utica Shale wells 'encouraging'
* A ConshoctonTribune.com article titled "Companies call most Utica Shale wells 'encouraging' " indicates that Anadarko Petroleum Corp., which has 3 producing wells in Guernsey and Noble Counties, found the results of a Noble County well to be "encouraging." The article states: "In April, the company called its initial results "encouraging" after one Noble County well reportedly pumped 9,500 barrels of light-gravity crude oil in 20 days." (See ConshoctonTribune.com article dated August 26, 2012: Companies call most Utica Shale wells 'encouraging'
* An Ohio.com article indicates that there have been 285 Utica Shale permits issued in Ohio (based on data from the Ohio Department of Natural Resources) and, based on the data from the week of July 1, 2012, of the 285 Utica Shale permits, 92 wells have been drilled in eastern Ohio. According to the report, Carroll County is said to have the most permits with 98, Columbiana has 45, Jefferson has 25, Harrison has 19, Monroe has 16, Mahoning has 12, Noble has 12, Stark has 12, Guernsey has 11, Portage has 7, Wayne has 1, and Medina has 1. The Ohio.com article provides a link to the state information. (See Ohio.com article dated July 13, 2012: Ohio drilling permits hit 285, 92 wells drilled)
* 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)
* 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)
* Triad Hunter, LLC, a wholly-owned subsidiary of Magnum Hunter Resources, a Houston, Texas-based company, has reportedly closed on the acquisition of leasehold mineral interests, the majority of which are located in Noble County. The deal, which is said to have a purchase of $24.8 million, was made with an undisclosed seller. (See the Marketwire article dated February 17, 2012: Magnum Hunter Resources Announces $25 Million Acquisition of Utica Shale Properties)
* 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)
* Jason Wilson, State Senator, who was to lose his seat because of redistricting, will become the Director of the Governor's Office of Appalachia, according to recent reports. The Governor's Office of Appalachia is responsible for job creation and economic development in the 32 Appalachian counties in Ohio ... including Noble. (See Youngstown's Vindy.com article dated November 19, 2011: State Sen. Wilson resigns to lead Appalachia agency)
* Consol Energy Inc and Hess Corp entered into an agreement for the joint exploration and development of Consol's Utica Shale acreage in Ohio. As part of the plan, Consol will operate in Portage, Tuscarawas, Mahoning, and Noble Counties. (See CONSOL Energy news release dated September 7, 2011: CONSOL Energy and Hess Corporation Enter into a Joint Venture for CONSOL's Utica Shale Acreage in Ohio; CONSOL Energy to Receive Aggregate Consideration of Approximately $593 Million)