Archives: Utica Shale

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Ohio Natural Gas Production Reaches Historic Levels

Natural gas production in Ohio nearly doubled last year largely because of a surge in hydraulic fracturing operations in the state.  Speaking at a conference earlier this month about oil and gas development in the state, the Ohio Department of Natural Resources (ODNR) Director James Zehringer said the amount of natural gas extracted in Ohio … Continue Reading

Ohio Tremors Cause Pennsylvania Department of Environmental Protection to Contemplate New Fracking Regulations

The Pennsylvania Department of Environmental Protection (DEP) is considering regulating drilling near “seismic hazard areas” after geologists linked a series of small earthquakes in Ohio to fracking at a Utica Shale well. The Pittsburgh Post-Gazette reported that the DEP is beginning a “massive data-mining project” to determine whether the regulations are necessary. In April, state … Continue Reading

Aubrey McClendon’s American Energy Partners LP Announces Agreements to Purchase over $4 Billion of Shale Acreage in Utica, Marcellus, and the Permian Basin.

In two press releases Monday, American Energy Partners LP announced agreements to purchase shale acreage in the Utica and Marcellus shale for $1.75 billion, and acreage in the Permian Basin in Texas for $2.5 billion. The deals are expected to close in the next 60 days. American Energy Partners CEO Aubrey McClendon formed the company … Continue Reading

Shale Growth Fuels Oil Producers’ Stocks

            Amidst impressive crude oil production numbers from U.S. shale fields, investors are driving up the stock of companies in a strategic position to capitalize on the growth of shale exploration. Through the end of October, the three companies leading the yearly S&P energy index all have a significant stake in shale plays: Pioneer Natural … Continue Reading

Severance Tax Debate Continues

Through the summer and leading up to the adoption of Ohio’s biennial budget, changes to Ohio’s severance tax were discussed in the General Assembly and in the media.  Severance tax provisions were cut from discussions fairly early in the budget process, and the budget became law without any change to the severance tax.  Still, those … Continue Reading

Voters in Youngstown, Ohio Once Again Vote No on Anti-fracking Measure

For a second time in less than a year voters in Youngstown, Ohio have rejected an amendment that would prohibit fracking in the city of Youngstown, this time by a margin of 55 percent to 45 percent.  This margin mirrors the previous vote in May which failed as well by a 57 percent to 43 … Continue Reading

Shale Exploration Benefiting Ohio’s Economy

Edward Hill, Ph.D., and Kelly L. Kinahan of the Maxine Goodman Levin College of Urban Affairs at Cleveland State University recently published a report based on sales tax data that concludes Utica shale development is triggering wealth creation in Ohio – though its effect on employment growth remains sluggish.  Hill and Kinahan analyzed four indicators … Continue Reading
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