Dorfman sells Ohio assets
Thursday, October 6, 2016
Dorfman Production Co. plans sell its operated interest in producing assets, spanning Mahoning, Columbiana, Portage, Stark and Carroll Counties.
The offer includes development in both the Clinton and Utica Shale plays, including 339 Clinton producing wells with a historical net production of 207 barrels of oil per day, according to Oil and Gas Investor.
The Oil and Gas Asset Clearinghouse will handle the transaction.
Learn more: Oil and Gas Investor > Marketed: Operated Producing Appalachia Assets, Doorman
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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.