There are currently 1,943 permits issued for wells in the Utica shale in Ohio and 1,520 wells have been drilled.
Companies represented made it clear that drilling and producing has been slowed by commodity prices, but showed they are confident the industry will rebound.
The Ohio Supreme Court has ruled on one case dealing with the Ohio Dormant Minerals Act and has heard the arguments on another. The questions remains: Which Ohio Dormant Minerals Act applies?
During the month of May, the Ohio Department of Natural Resources issued 44 new permits in Ohio.
American Petroleum Institute Chief Economist John Felmy: Of the myriad market forces that have brought about the recent drop of crude oil prices worldwide, shale has had the most impact.
It is important to remember that the practices of shale energy development have changed considerably over time and so has a lot of the leasing language.
The Ohio Department of Natural Resources issued 38 new permits for horizontal wells in March, a five-permit drop from February, but still more than the 32 issued in the state in January.
Ohio’s producing wells and shale drillers as of March 28, 2015.
Industry watchers say fewer drilling applications are not unexpected, in wake of lower oil and gas prices.
HARRISBURG, Pa. — Five members of the Oil and Gas Technical Advisory Board (TAB) have been selected. TAB’s mission is to increase transparency and communication about regulating the unconventional oil and gas drilling industry. TAB is authorized under the 2012 Oil and Gas Act to advise the Department of Environmental Protection (DEP) in […]