Wednesday, May 25, 2016

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.
natural gas rig

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.
natural gas rig

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...

The Ohio Department of Natural Resources issued 43 new permits in February, up from 32 new permits in January.

Over the two years in Ohio, there has been a 200 percent increase in oil production and a 350 percent increase in gas production.
natural gas rig

Shale leases for $10 an acre re-examined through mediation.

Ohio Gov. John Kasich is proposing cuts in the state income tax in his next budget, but that could mean an increase in the severance tax, sales tax and cigarette taxes.
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