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Tag Archives: ohio oil and gas association

Energy glut, low commodity prices hitting Ohio’s Utica Shale; cutbacks are growing in eastern Ohio

oil and gas drilling rig operating in Ohio's Utica Shale formation

Drilling is slowing down in Ohio’s Utica Shale because of low commodity prices and growing energy supplies. Continued low prices tied to the Organization of Petroleum Exporting Countries’ efforts to derail shale drilling in the United States have put a major crimp into drilling for natural gas and liquids in Ohio and other shale-drilling states. OPEC has continued production, despite ...

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Ohio’s Harrison County is No. 1 for Utica oil; Belmont County is tops for natural gas, new report says

Harrison County is Ohio’s top oil-producing county from the Utica Shale in the third quarter of 2015, according to new production data from the Ohio Department of Natural Resources. Ohio really has four counties producing oil: Harrison, Carroll, Guernsey and Noble. Production falls off dramatically after those four counties. Locally, Stark County produced 1,785 42-gallon barrels of oil and Portage ...

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Ohio tax panel: Go slow with oil and gas industry

Ohio General Assembly

COLUMBUS — The oil and gas market remains too volatile to consider an immediate tax hike on an industry that Gov. John Kasich has repeatedly said was getting a great deal in Ohio, an informal legislative panel said Thursday. The panel, part of the broader 2020 Tax Policy Study Commission, had been working behind closed doors with the industry. The ...

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Oil and gas production up in Ohio as prices still fall

dnr

A drop in oil prices has led to growing concerns that investment is fleeing Ohio shale country, but there is no clear sign of this in the state’s oil- and gas-production figures. The fourth-quarter numbers, issued this week, show that production continued to rise at the same time that prices continued to fall. But don’t read too much into that, ...

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Ohio’s oil-and-gas industry donations, ruling tied?

An Ohio Supreme Court justice lamented last week that “the oil and gas industry has gotten its way” in a decision that says local governments can’t regulate drilling. “What the drilling industry has bought and paid for in campaign contributions they shall receive.” The dissenting opinion of Justice William M. O’Neill in a fracking case was not without factual basis: ...

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Hydraulic fracturing triggered 77 small earthquakes last spring in Mahoning County, study says

seismograph earthquake

Hydraulic fracturing at two well pads in Mahoning County caused 77 small earthquakes last March along a previously unknown geologic fault, a new scientific study says. The series of temblors included one quake of magnitude 3 — rare in Ohio — that was strong enough to be felt by neighbors, according to the study by three researchers from Miami University. ...

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Ohio Department of Natural Resources released 3Q shale production report

YOUNGSTOWN — Oil and natural-gas production from Ohio’s Utica Shale wells increased significantly in the third quarter of this year. Horizontal shale wells produced more than 3 million barrels of oil and 132 billion metric cubic feet of natural gas in the third quarter of 2014, according to the Ohio Department of Natural Resources’ report issued Friday. Oil production increased ...

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Ohio’s Utica shale likely to be productive for up to 50 years, energy analyst says

CLEVELAND — Ohio’s Utica shale will produce natural gas and liquids for decades, a Texas-based energy analyst predicted Wednesday. Irene Haas of Wunderlich Securities in Houston said the shale under eastern Ohio probably will produce vast quantities for the next 50 years. “Ohio is going to be very, very busy for a very long time,” she said. “It’s very prolific.” ...

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Disagreement on legal authority complicates local fracking bans

Last week in eastern Ohio, where natural gas production in the Utica Shale has been booming, voters in three towns rejected ballot proposals to ban hydraulic fracturing. While Athens overwhelmingly passed a fracking ban, Gates Mills, Kent and Youngstown voted down their measures. The ballot issues highlight the disparity in responses among local officials who are befuddled by the complicated ...

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