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 & Sugarcreek, Ohio
KWGD – Attorney Gregory W. Watts
In Lucas v. Whyte, 2021-Ohio-222, the Seventh District Court of Appeals was tasked with determining if various title transactions could act to preserve a severed mineral interest under the Marketable Title Act.
Natural Gas Intelligence
Appalachian pure-play Antero Resources Corp. has entered a drilling partnership worth up to $550 million with an affiliate of Quantum Energy Partners to fund a portion of its Marcellus and Utica shale development through 2024.
A winter storm that hit parts of the southern United States over the past week led several energy companies to report stronger-than-expected results after they were called on to provide more power at higher prices, while others faced millions of dollars in losses.
The US oil and gas rig count grew four to 461 in the week ending Feb. 17, rig data provider Enverus said, despite a wave of bitterly cold, icy weather across the country that froze wellheads and caused widespread power outages temporarily shutting in as much as 4 million b/d of crude output.
Natural Gas Intelligence
The U.S. Court of Appeals for the D.C. Circuit on Friday rebuffed a challenge mounted by environmental groups seeking to stop Mountain Valley Pipeline LLC from restarting construction in areas reauthorized by FERC.
The Utica Shale has never really gotten the level of attention and respect it probably deserves as a major U.S. resource of natural gas and natural gas liquids (NGLs). “We sometimes feel like the Utica is kind of the ‘red-headed stepchild’ of the shale industry,” Mike Chadsey told me when we talked last week, reminding me that, himself being a red-head, it’s ok for him to use that comparison. Mike is the Director of Public Relations for the Ohio Oil and Gas Association, the major trade association for the industry in the Buckeye State.
The Monroe County, OH Port Authority has scored close to $3 million in grants and loans to fund a development project located at a former CONSOL Energy coal mining site south of Clarington, OH. The money will be used to build an access road and repair eight of 12 existing barge cells on the Ohio River. The end game is to “lease the property to companies that provide support services to the shale gas industry.”
President Joe Biden’s revocation of a permit to allow the Keystone XL pipeline to cross the nation’s border with Canada is symbolic, to be sure. But it has no real immediate effect, given work on the project in the U.S. has been halted while a legal case that could determine its ultimate fate currently is before the U.S. Supreme Court. Plus, most of the Keystone pipeline system is already operational, bringing a half million barrels of Canadian crude into the U.S. daily. Biden's permit decision impacts the project's proposed final phase, called Keystone XL.
The Appalachia Basin, made up of the Marcellus formations and the Utica Shale, accounted for more than 40% of the natural gas produced in the US in 2020.