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Krugliak, Wilkins, Griffiths & Dougherty Co., L.P.A. presents
Utica Journal Discoveries - An Electronic Oil and Gas Newsletter
With offices located in the heart of the Utica Shale play in
Canton, Akron, Alliance, Massillon, New Philadelphia, Canfield & Sugarcreek, Ohio
Editor: Matthew W. Onest, Esq.
Developers of the Mariner East 2 are indicted in Pennsylvania, with one (Energy Transfer) facing 48 criminal charges.
Pennsylvania News Today
A grand jury in Pennsylvania indicted the developers of the Mariner East 2 pipeline, which is set to carry significant amounts of natural gas from the Marcellus shale play to an export hub near Philadelphia. Most of the charges involve allegations of illegal releasing of industrial waste into water sources throughout Pennsylvania.
EAP Ohio, LLC seeks to drill at least three additional wells in Columbiana County.
Business Journal Daily | The Youngstown Publishing Company
EAP Ohio, LLC filed for three permits to drill new wells located in Columbiana County. These three wells will be drilled in Washington Township and will target the Point Pleasant formation. This is part of, what appears to be, EAP’s intent to further develop Columbiana County.
The number of active natural gas drilling rigs in United States remains flat, while active oil drilling rigs increases.
Natural Gas Intelligence
Potentially reading the tea leaves of gas price increases, the number of active oil drilling rigs in the United States increased by five, bringing the total to 533. The net increase of five was due to an increase of nine horizontal rigs, while the number of vertical rigs declined by four.
Seneca Resources moves to become active in the environmental, social, and governance (ESG) sector.
Pennsylvania Business Report (pennbizreport.com)
Seneca Resources, a Pennsylvania natural gas producer, agreed with Project Canary to start the process of certification as an “independent responsibly sourced gas (RSG).” This certification process reviews a producer’s operations to determine whether the natural gas producer’s operations properly balance production and environmental sustainability concerns.
Increases in natural gas prices increase U.S. producer’s revenue share for natural gas.
Increases in natural gas prices has increased the share of revenue that U.S. producers realize from gas versus oil. While prices of oil and natural have jumped, the share of revenue from natural gas has significantly increased the U.S. producers’ natural gas balance sheets.
The Utica Green Conference has been postponed to Spring 2022.
The Utica Green Conference will highlight how the oil and gas industry is working in the sustainability arena. The conference will have a variety of speakers, including speakers from Encino Energy, who will how the U.S. energy industry is furthering the environmental, social, and governance (ESG) movement.
EnerVest Energy marketing over 146,000 acres of lease-interests.
Fresh off of deal selling a significant amount of acreage, EnerVest Energy marketed an additional 146,000-plus non-operating and overriding royalty interests in the Utica play.
