Mid-year review shows Guernsey County in the lead for shale
Saturday, July 5, 2014
The mid-year report for gas and oil companies shows that in Ohio, Guernsey County is a hot pick for gas and oil companies. Ohio Gas & Oil reports that 13 companies have received permits for drilling, are drilling or have already drilled in the southeastern Ohio county.
Chesapeake Energy out of Oklahoma City, Okla. comes out in the lead for the number of counties where they have Utica shale operations. Nine counties currently see Chesapeake activity, noting up to 201 producing wells in Carroll County alone.
Antero Resources Corporation is the current front-runner for Marcellus shale, with activity in Monroe County and Noble County. In addition, Antero boasts the biggest-producing well, aptly named The Monster.
A total of 31 gas and oil companies have taken an interest in eastern Ohio’s Marcellus and Utica shales.
Via: Ohio Gas & Oil > Mid-year evaluation for gas and oil industry
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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.