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Tag Archives: Ohio

Nat. gas prices may reach $4 but nothing more

According to one CEO, with natural gas exporting to Mexico and LNG shipments going overseas in the near future, natural gas prices may see an increase. While speaking at the Hart Energy DUG East Conference in Pittsburgh, Pennsylvania, Eclipse Resources Corp. CEO Benjamin Hulburt said he expects natural gas prices to start increasing to the $3.50 to $4 range.  However, ...

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Swedish company eyes Pittsburgh’s energy market

The world’s seventh largest construction company announced it has opened an office in Pennsylvania and has energy on its agenda. Skanska, a Sweden-based company, shared that its American division is making a new home in Pittsburgh and will be looking into opportunities in power and energy.  Geoff Murken, a vice president of operations for Skanska and also one of many ...

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Utica and Marcellus well activity in Ohio

Activity in the Utica and Marcellus Shale formations in Ohio have seen some changes compared to last week’s well activity update, and so has one company’s plans in the Utica Shale formation. Magnum Hunter Resources Corp. has decide to sell 5,210 acres of undeveloped land in the Utica Shale formation.  The land, which is worth about $41 million, is located ...

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More Utica land for sale

Another company operating in the Utica Shale formation has decided to put its land on the market. Magnum Hunter Resources Corp. announced on Tuesday that it will be selling 5,210 acres of undeveloped land located in Tyler County, West Virginia.  The company’s CEO Gary Evans explained that the acreage is not in the company’s long-term drilling plans and that several ...

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US oil and natural gas rig count drops by 3 to 885

HOUSTON— Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by three this week to 885. Houston-based Baker Hughes said Friday that 659 rigs were seeking oil and 222 explored for natural gas. Four were listed as miscellaneous. A year ago, 1,857 rigs were active. Among major oil- ...

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More coal layoffs announced at Murray, Alpha

job cuts

Hundreds more West Virginia miners were told Friday that they were being laid off, in the latest blow to the already deeply troubled Appalachian coal industry. Alpha Natural Resources issued a statement announcing the “expected idling” of subsidiary Rockspring Development’s Camp Creek underground mine and processing plant in Wayne County and had given layoff notices to 439 employees at that ...

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Fracking, wastewater-injection wells raise Ohio’s quake risk, feds say

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It wasn’t that long ago that Denison University professor Erik Klemetti added a caveat when he taught his students about earthquakes. “When I used to show (seismicity) maps in my intro class, I’d say, ‘Ohio is about as earthquake-free as you get,’??” Klemetti said. “Now, it has a bull’s-eye on it, at least to some degree.” That bull’s-eye, according to ...

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Tensions rise over proposed pipeline in northeast Ohio

MEDINA, Ohio — Tensions surrounding a proposed underground pipeline are rising after property owners were told that surveyors for the project may enter their property without permission, homeowners said. A letter signed by project manager Walton Johnson said work on the Nexus gas transmission pipeline in northeast Ohio must be conducted without delay, The Medina Gazette reported. The letter indicated ...

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