Chesapeake won’t drill in Ohio’s Utica shale this year
Thursday, February 25, 2016
Akron Beacon Journal reports that Chesapeake Energy Corp. won’t be drilling any more wells in Ohio’s Utica shale this year. The company will also cease operations in Pennsylvania’s Marcellus shale.
Youngstown State University Professor Jeffrey Dick, who is also chair of the geology and environmental sciences department, says that it isn’t clear yet if Chesapeake’s decision will affect Ohio’s economy.
According to the source, Chesapeake’s two rigs operating in Carroll and Harrison counties late last year are no longer in operation. Chesapeake has led the way in Ohio’s Utica and Pennsylvania’s Marcellus. The company intends to put some previously drilled wells into production this year in both states.
Read more: Akron Beacon Journal > Chesapeake Energy halting drilling for new wells in Ohio’s Utica Shale
Other recent Chesapeake news:
- Chesapeake hires restructuring firm, stocks drop Feb. 9, 2016
- Chesapeake has no intention to pursue bankruptcy Feb. 8, 2016
- Chesapeake leads Standard & Poor’s 500 Index loser ranking for 2015 Dec. 30, 2015
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Shale FAQ
What is fracking?
Fracking is a slang term for hydraulic fracturing. Fracturing is a process by which highly pressurized fluid is pumped thousands of feet into the ground to fracture rock formations. The goal is to release the natural gas that’s locked inside the rock.
Is it safe?
What most concerns people about fracturing is ground water contamination. The worry is that fractures underground, caused by the process, will extending upwards and into aquifers, releasing gas and chemicals into the ground water supply. There’s been no confirmed reports of such a thing happening. Though surface spills and drill site blowouts can lead to localized environmental concerns.
Will my water catch on fire?
Flammable water is caused by the release of methane gas into a drinking water supply. Methane gas occurs naturally and can be released by any kind of drilling, including water wells. In Pennsylvania officials fined Chesapeake Energy $1 million for contaminating ground water with methane. It was determined that the company had not properly cemented it’s boreholes and gas migrated up the well, between rock and into aquifers.