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Study: Ohio could add 16,000 jobs, $2.68 billion to the state economy

Colleagues at container terminalCOLUMBUS

An update on lawmaker action and other activities at the Ohio Statehouse related to horizontal hydraulic fracturing:

• New Study: A report by ICT International and EnSys Energy and touted by the American Petroleum Institute projected that Ohio could add nearly 16,000 jobs and $2.68 billion to the state economy by 2020 “if restrictions on U.S. crude exports were lifted.”

“Restrictions on exports only limit our potential as a global energy superpower,” Chris Zeigler, API-Ohio’s executive director, said in a released statement. “Additional exports could prompt higher production, generate savings for consumers and bring more jobs to Ohio. The economic benefits are well-established, and policymakers are right to re-examine 1970s-era trade restrictions that no longer make sense.”

• State Land Frack Plan: A Democratic state lawmaker reiterated his calls for an investigation of Gov. John Kasich’s administration after public records revealed meetings to develop a marketing plan for horizontal drilling on state-owned lands continued after officials said they had abandoned the idea.

State Rep. Robert Hagan of Youngstown, D-58th, was among individuals and groups named in administration documents listing fracking “opposition groups.”• Not Enough: Policy Matters Ohio, a liberal think tank, released a report showing that a plan to reform the state’s tax rates on horizontal drilling would reduce related collections by millions of dollars.HB 375 passed the Ohio House but was not moved in the Senate before lawmakers broke for their summer recess. The Kasich administration and Republican lawmakers who support the legislation remain at odds over severance-tax issues.

See more at:

http://www.vindy.com/news/2014/aug/19/study-ohio-could-add–jobs–billion-to-t/?fracking#sthash.5qpFXDcG.dpuf

 
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Act 13 disbursements paving the way for renovations

act 13 (2)By Eric Morris

Municipal officials in Fayette and Greene counties plan to use their Marcellus shale impact fee funds on a numerous projects — from road repairs to an emergency center, and from funding police services to offsetting the cost of a new sewage treatment plant.

With $3.8 million headed to Fayette’s municipalities and $9.5 million going to Greene’s, most area leaders said the funds have been a boon.

In Greene County, which as a whole received the fifth most money of the state’s 67 counties, Cumberland Township got the lion’s share of the funds, according to information from the state’s Public Utility Commission.

The township’s $906,875 disbursement is the largest of any municipality in the state.

And while officials in the township responded to a right-to-know request to find out what they have used Act 13 funds for in the past, they declined to be specific with what they intended to do with this year’s allotment beyond saying that $552,107 will go toward the 2014 budget, and the remainder will go to its capital reserve fund. A supervisor reached after several calls over a two-week period to inquire about the money’s use refused to identify himself.

Read more:

http://www.heraldstandard.com/new_today/act-disbursements-paving-the-way-for-renovations/article_2b94740e-9700-50ab-b90d-da4f83621874.html

 
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Emergence Of Gas Shales Profoundly Transforming U.S. Industry, Global Markets

3d sphere with world flags

WASHINGTON–The North American natural gas industry is in the midst of profound transformation. The successful development of the Barnett Shale has spurred a succession of shale gas plays, beginning with the Woodford and Fayetteville, and then expanding to the Haynesville, Marcellus, Horn River and Eagle Ford–many of which are more prolific than the Barnett and also have significantly lower cost structures in core areas.

Production from shale is growing explosively, and already is having a major impact on prices. This unprecedented growth from formations that still are at an early stage of development has far-reaching implications for the long-term forward delivery price curve for natural gas and the allocation of capital among other supply sources, and requires every company in the industry to rethink its strategic plans–from industry giants to smaller independents. It already has caused major international players to start pouring funds into the United States and could result in permanent changes in the composition of the industry.

The U.S. Energy Information Administration’s revised monthly production data released April 29 drive home the pivotal impact shale is having on the market. EIA’s report applied a revised methodology for estimating gross withdrawals. EIA used this methodology to report production for February 2010 (the most recent month covered by the report) and adjusted its previous estimates from January 2009 using the same methods.

Read more: http://www.aogr.com/magazine/cover-story/emergence-of-gas-shales-profoundly-transforming-u.s.-industry-global-market

 
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Potential oil window is last gasp for Utica Shale

ohio1-300x171By Burton Speakman

YOUNGSTOWN

Jim McKinney, senior vice president and general manager from EnerVest, a Houston-based company, said his company believes that with changes in drilling techniques, activity will increase in the oil-rich northern part of the Utica Shale, which includes Trumbull County.

“When companies first drilled, they were using the same techniques they were using in the dry- and wet-gas areas of the Utica,” he said.EnerVest has found in Tuscarawas and Guernsey counties that by using more water and sand in the fracking process, there can be success in the oil-rich portions of the Utica, McKinney said.“Oil has different molecules than gas,” he said.

Companies were using 200 feet to 250 feet spacing between injections, but for the oil area it needs to be shorter, about 150 feet, McKinney said.

“It allows the oil to move more freely toward the well bore,” he said.If the tests for EnerVest are successful, there will be companies interested in leasing land in Trumbull and Stark counties, McKinney said. Trumbull and Stark counties are thought to be areas with oil-rich shale.

See more at: http://www.vindy.com/news/2014/aug/19/potential-oil-window-is-best-bet-for-uti/?fracking#sthash.Xcobganw.dpuf

 
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PUBLIC NOTICE The Borough of West Leechburg will receive bids- oil and gas lease

PUBLIC NOTICE The Borough of West Leechburg will receive sealed and separate bids from interested individuals, partnerships, entities or corporations for the purpose of entering into an oil and gas lease for certain properties owned by the Borough of West Leechburg and located within the Borough of West Leechburg. There is available from the Borough of West Leechburg a complete informational packet indicating the properties that are proposed for leasing purposes. A copy of the same may be obtained Monday through Friday from Patricia Grantz, secretary, by calling 724-842-2653724-842-2653 between the hours of 9:00 AM and 3:00 PM. The bidder shall provide to the Borough a proposed oil and Gas lease, which shall set forth the term, the royalties to be paid and the delay rental to be paid to the Borough of West Leechburg for said gas lease. The successful bidder shall also include in its bid document a resume of the company, a list of references and the names and owners of the entity that is submitting the bid. All bids must be received at 121 Summit Street, West Leechburg, Pennsylvania, 15656 by 4:00 PM on September 10, 2014. Said bids will be opened during the regular meeting of Borough Council to be held on September 10, 2014 at 7:00 P.M. The Borough of West Leechburg reserves the right to reject any and all bids. Patricia Grantz, Secretary (5912860, 8/27/14)
This ad appeared in a printed publication by:
Date Added: August 27, 2014
Expiration: 7 Day(s)

This ad appeared in a print publication of Trib Total Media.

 
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