Utica Shale

Utica Shale Description ImageThe Utica shale formation is one of the newest natural gas discoveries in North America. It is located in New York state and the Canadian province of Quebec, along the St. Lawrence River Valley. Some geologists have suggested the gas-bearing formation extends as far south as Pennsylvania. The other major shale formation in this area is the better-known Marcellus shale.

Estimates of natural gas deposits in the formation range from a low of about 2 trillion cubic feet (tcf) to a high of 60 to 70 tcf. At this time, most companies active in the Utica shale are drilling exploratory wells on the Canadian side of the border because the state of New York has been reluctant to grant drilling permits to date. Some production rates have tested up to 1 million cubic feet per day.

Utica Shale Map

Utica Shale News

Gulfport: Utica shale accounts for 97% of overall net 2Q production

Jul 30, 2015

Gulfport Energy Corp., Oklahoma City, reported its second-quarter Utica shale production in Ohio accounted for 97% of its overall net production compared with 79% a year earlier.

MPLX, MarkWest to merge in $15.8 billion deal

Jul 27, 2015

MPLX LP, a Findlay, Ohio-based master limited partnership (MLP) formed by Marathon Petroleum Corp. in 2012, and Denver-based MarkWest Energy Partners LP have agreed to a unit-for-unit merger deal in which MarkWest will become a wholly owned subsidiary of MPLX.

EQT reports high IP from Utica dry gas well

Jul 24, 2015

EQT Corp., Pittsburgh, said a deep, dry gas Utica well averaged 72.9 MMcfd with an average flowing casing pressure of 8,641 psi during a 24-hr deliverability test. The well was completed using a 18-stage fracturing job and a 3,221-ft lateral.

EIA: US shale oil production to fall 91,000 b/d in August

Jul 13, 2015

Crude oil production in August from seven major US shale plays is expected to decline 91,000 b/d to 5.36 million b/d, according to the US Energy Information Administration’s latest Drilling Productivity Report (DPR). EIA last month also projected a 91,000 b/d decline for July.

MPLX, MarkWest to merge in $15.8 billion deal

Jul 13, 2015

MPLX LP, a Findlay, Ohio-based master limited partnership (MLP) formed by Marathon Petroleum Corp. in 2012, and Denver-based MarkWest Energy Partners LP have agreed to a unit-for-unit merger deal in which MarkWest will become a wholly owned subsidiary of MPLX. The deal, valued at $15.8 billion in stock and cash excluding debt, is expected to close in the fourth quarter.

BHI: US rig count posts first increase in 29 weeks

Jun 26, 2015

Buoyed by respective rises in natural gas-directed and offshore rigs, the US drilling rig count gained 2 units during the week ended June 26 to reach 859 rigs working, marking its first increase in 29 weeks, according to data from Baker Hughes Inc.

American Energy to spin off, rename another unit

Jun 25, 2015

American Energy–Midstream LLC, a unit of Oklahoma City-based American Energy Partners LP (AEP), is transitioning to a standalone company and will change its name to Traverse Midstream Partners LLC. The moves will be effective July 1.

BHI: US rig count continues fall in 27th straight week

Jun 12, 2015

The US drilling rig count declined 9 units during the week ended June 12 to settle at 859 rigs working, according to data from Baker Hughes Inc.

Utica Briefs

Jun 11, 2015

Gulfport Energy to buy more Utica acreage in Ohio

Jun 10, 2015

Gulfport Energy Corp., Oklahoma City, has agreed to acquire 35,326 net acres in the Utica shale in Ohio from American Energy-Utica LLC.

EIA: US shale oil output to decline 91,000 b/d in July

Jun 9, 2015

Crude oil production in July from seven major US shale plays is expected to drop 91,000 b/d to 5.49 million b/d compared with June, according to the US Energy Information Administration’s latest Drilling Productivity Report (DPR). The forecasted decline is up 5,000 b/d compared with June’s decline from May.

Marathon commissions unit at Kentucky refinery

Jun 5, 2015

Marathon Petroleum Corp. (MPC) has commissioned a 35,000-b/d condensate splitting unit at its 242,000-b/d Catlettsburg, Ky., refinery to boost the site’s capacity to process production from shale regions in Ohio, Pennsylvania, and West Virginia.

Ohio weighs post-production costs, royalty calculations

Jun 1, 2015

Post-production cost deductions are a common source of royalty litigation. Local lease-interpretation rules determine whether particular deductions are proper and defensible in court. Different jurisdictions, however, follow different rules to different ends.

Magnum Hunter selling noncore Utica acreage

May 26, 2015

Magnum Hunter Resources Corp., Dallas said its wholly owned subsidiary Triad Hunter LLC has signed a definitive agreement to sell certain noncore undeveloped Utica leasehold acreage in West Virginia for $40.8 million to an undisclosed independent producer.

Atlantic Coast Pipeline identifies alternate route segments

May 19, 2015

Atlantic Coast Pipeline LLC (ACP) has identified several alternate route segments as potentially having the least impact to environmental, historic, and cultural resources and is incorporating them into the proposed route of its 550-mile, 1.5-bcfd interstate natural gas transmission pipeline across three states. The alternate segments are in Augusta and Nelson counties, Va.

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