Joint venture formed by Rice and Gulfport for Ohio’s Utica Shale
Saturday, October 10, 2015
A new partnership in Ohio’s Utica Shale will allow the region’s midstream system to grow.
Oil and Gas Investor reports that Rice Energy Inc.’s subsidiary, Rice Midstream Holdings LLC, has joined Gulfport Energy Corp. in a joint venture (JV). A dry gas gathering system, a gas gathering pipeline and a freshwater distribution system will be included in the JV.
Gulfport has dry gas assets in Ohio’s Belmont and Monroe counties.
Via: Oil and Gas Investor > Rice, Gulfport Form Midstream JV in Ohio’s Utica Shale
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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.