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Preview pages and an introduction to the new Marcellus and Utica Shale Databook 2012. The Databook features 90 detailed maps showing where Marcellus & Utica Shale well permits have been issued throughout PA, OH and WV. The Databook also features information on lease offers, where the wet/dry gas boundary is located, maps of major natural gas pipelines throughout the region, regulatory updates, M&A activity and more.
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Marcellus and Utica Shale Databook 2012 Volume 1: 2011 Drilling Permits; 2012 Company Strategies, Contacts, Legislation
90 Detail Maps, including: Individual County Maps; Major Pipelines; Lease Offers Map; Wet/Dry Gas Boundary; and More!
Sample Pages
©Marcellus and Utica Shale Databook 2012 Volume 1 Sample Pages
Table of Contents
Section I - Overview Introduction 6 Regional Drilling Update 7 PA, OH, WV, NY Regulatory Update 8 PA, OH, WV, NY, SRBC, DRBC, EPA, DOI Marcellus/Utica Leaseholds by Company (map) 11 Marcellus/Utica Lease Offers (map) 12 Wet Gas/Dry Gas Boundary (map) 13 Guide to Using the County Maps 14 Section II - Pennsylvania Permits PA Gas Well Permits - Entire State (map) 15 PA Well Production July-December 2011 (map) 16 Allegheny County (map) 17 Armstrong County (map) 18 Beaver County (map) 19 Bedford County (map) 20 Blair County (map) 21 Bradford County (map) 22 Butler County (map) 23 Cambria County (map) 24 Cameron County (map) 25 Centre County (map) 26 Clarion County (map) 27
Section II - Pennsylvania Permits (continued) Clearfield County (map) 28 Clinton County (map) 29 Columbia County (map) 30 Elk County (map) 31 Fayette County (map) 32 Forest County (map) 33 Greene County (map) 34 Huntingdon County (map) 35 Indiana County (map) 36 Jefferson County (map) 37 Lackawanna County (map) 38 Lawrence County (map) 39 Lycoming County (map) 40 McKean County (map) 41 Potter County (map) 42 Somerset County (map) 43 Sullivan County (map) 44 Susquehanna County (map) 45 Tioga County (map) 46 Venango County (map) 47 Washington County (map) 48 Wayne County (map) 49 Westmoreland County (map) 50 Wyoming County (map) 51
©Marcellus and Utica Shale Databook 2012 Volume 1 Sample Pages
Table of Contents
Section III - Ohio Permits Eastern OH Leasing & 2011 Permits (map) 52 Ashland County (map) 53 Belmont County (map) 54 Carroll County (map) 55 Columbiana County (map) 56 Coshocton County (map) 57 Geauga County (map) 58 Guernsey County (map) 59 Harrison County (map) 60 Jefferson County (map) 61 Mahoning County (map) 62 Medina County (map) 63 Monroe County (map) 64 Morrow County (map) 65 Muskingum County (map) 66 Noble County (map) 67 Portage County (map) 68 Stark County (map) 69 Tuscarawas County (map) 70 Wayne County (map) 71
Section IV - West Virginia Permits WV Gas Well Permits - Panhandle (map) 72 WV Gas Well Permits - Lower State (map) 73 Barbour County (map) 74 Braxton County (map) 75 Brooke County (map) 76 Doddridge County (map) 77 Grant County (map) 78 Greenbrier County (map) 79 Harrison County (map) 80 Kanawha County (map) 81 Lewis County (map) 82 Marion County (map) 83 Marshall County (map) 84 Mingo County (map) 85 Monongalia County (map) 86 Monroe County (map) 87 Nicholas County (map) 88 Ohio County (map) 89 Preston County (map) 90 Randolph County (map) 91 Ritchie County (map) 92 Taylor County (map) 93 Tyler County (map) 94 Upshur County (map) 95 Webster County (map) 96 Wetzel County (map) 97
©Marcellus and Utica Shale Databook 2012 Volume 1 Sample Pages
Table of Contents
Section V - Major Gas Pipelines Pipelines 101 & Infrastructure 98 Major Gas Pipelines - Eastern Marcellus (map) 99 Major Gas Pipelines - NW Marcellus (map) 100 Major Gas Pipelines - W Marcellus/Utica (map) 101 Section VI - Who Owns Who? Mergers, Acquisitions and Joint Ventures 102-104
Section VII - Drilling Company Snapshots Activity and Strategies for 21 Largest Companies 105-110 Section VIII - Directory of Active Drillers Driller Contact Details 111-115
©Marcellus and Utica Shale Databook 2012 Volume 1 Sample Pages
GUIDE TO USING THE COUNTY MAPS
Section I - Overview
#1 – The municipality or
operator name is followed by two sets of numbers, with the second number in parentheses. Example: Ohioville – 2 (1). The first number - “2” in this case - shows the number of permits issued. The second number - “(1)” in this case - indicates how many wells the permits were issued for. Usually a single well requires several permits during drilling, to allow the driller to continue to the next stage.
#2 – A purple (or green) dot
indicates where a well pad is located. Each well pad can have from one to ten wells on it. Typically a pad will contain 2-4 wells. Because of the size of the maps (vastly reduced to show an entire county), sometimes the purple dots will be “on top of each other.” In this example, Range Resources has 7 wells with activity in 2011, but only one purple dot, meaning either all 7 wells have been drilled on one pad, or that the pads are so close as to be indistinguishable on the map.
#3 – The boundary of each county is indicated with a blue line.
#4 – Major gas pipelines are indicated with red lines and the name of the pipeline somewhere along the line.
©Marcellus and Utica Shale Databook 2012 Volume 1 Sample Pages
Beaver County, PA
Section II Pennsylvania Permits
By Municipality: Chippewa – 1 (1) Independence – 7 (7) Ohioville – 2 (1) By Operator: Chesapeake Energy – 3 (2) Range Resources – 7 (7)
©Marcellus and Utica Shale Databook 2012 Volume 1 Sample Pages
Carroll County, OH
Section III Ohio Permits
By Municipality: Augusta – 2 (2) Center – 3 (3) East – 1 (1) Lee – 9 (9) Washington – 4 (4) By Operator: Chesapeake Energy – 19 (19)
©Marcellus and Utica Shale Databook 2012 Volume 1 Sample Pages
Preston County, WV
Section IV West Virginia Permits
Entire County: 74 (13) By Operator: Chesapeake Energy – 23 (3) Chief Oil & Gas – 13 (2) CNX Gas – 4 (1) Enerplus Resources – 25 (5) Gastar Exploration – 7 (1) Mountaineer Keystone – 2 (1)
©Marcellus and Utica Shale Databook 2012 Volume 1 Sample Pages
Section V Major Gas Pipelines
Major Gas Pipelines - Eastern Marcellus
©Marcellus and Utica Shale Databook 2012 Volume 1 Sample Pages
Section VI Who Owns Who? Mergers, Acquisitions, Joint Ventures
WHO OWNS WHO? Mergers, Acquisitions and Joint Ventures
The following deals have a material impact on either Marcellus or Utica Shale drilling and include both E&P (exploration and production) as well as midstream (pipelines and processing) deals. This list is not exhaustive, but an attempt is made to include all of the relevant, large deals in the Appalachian region. The months shown indicate the date of when the deal was first announced, not the final date when the deal was consummated. 2008 Marcellus drilling heats up with permitting and a large number of wells drilled. November - StatoilHydro, Europe’s second-largest natural gas supplier, purchased a 32.5 percent interest in Chesapeake Energy’s Marcellus Shale acreage for $3.37 billion. The deal covered 1.8 million acres of leases in PA, WV, NY and OH (600,000 net acres for StatoilHydro). 2009 April - Williams Co. and Atlas Pipeline Partners, part of Atlas Energy Inc. form joint venture for the Marcellus Shale. Williams pays $102 million, Atlas provides its Appalachian pipeline gathering system. The new venture is called Laurel Mountain Midstream and Williams holds a 51 percent ownership interest. June - Rex Energy sells a 50 percent share of its 44,000 Marcellus acres in PA to Williams Co. The deal called for a joint venture to develop the acreage between the two companies with Williams investing $33 million. August - Enerplus buys a 30 percent interest in 552,000 gross acres from Chief Oil & Gas and Tug Hill in PA, WV and MD. Enerplus paid $406 million. Chief continues to operate the properties. December - Exxon Mobil acquired XTO Energy Inc. in a $31 billion stock deal (which actually turned out to be about $25 billion because of the stock price), the biggest acquisition for Exxon Mobil since it merged with Mobil Corp. in the 1990s. The deal included 280,000 net acres in the Marcellus, along with major positions in four other U.S. shale plays. December - Rex Energy forms a joint venture with Stonehenge Energy Resources called Keystone Midstream Services. Rex owns 40 percent of the new jv and Stonehenge 60 percent.
©Marcellus and Utica Shale Databook 2012 Volume 1 Sample Pages
Section VII Drilling Company Snapshots
DRILLING COMPANY SNAPSHOTS
Marcellus/Utica Drilling Activity and Strategies for the 21 Largest Companies The Marcellus Shale saw dramatic growth and expansion in 2011, primarily in Pennsylvania and West Virginia. Also in 2011, “Utica Shale” entered the public consciousness for the first time, particularly with Chesapeake’s September announcement of striking not only methane and natural gas liquids, but also oil in eastern Ohio’s Utica Shale region. With all of the new production in Marcellus shale gas flowing into the national system, inventories exceeded demand and predictably prices went d0wn—way down—to their lowest levels in 10 years. Drillers have reacted to low prices by reducing their drilling activity in “dry gas” areas of the Marcellus and instead concentrating on the more profitable “wet gas” areas—those areas with natural gas liquids and in some cases oil. Indeed, one can summarize the almost unanimous refrain from drilling companies: “More wet gas, less dry gas.” Look for drilling rigs to decrease in the dry gas areas of northeastern Pennsylvania and some areas of West Virginia, and look for more drilling in the wet gas areas of southwestern Pennsylvania and eastern Ohio (see the Wet Gas/Dry Gas map on page 13). Below are snapshots for the top 21 largest drilling companies in the Marcellus and Utica Shale region. The snapshots take a look at activity in 2011, and where possible speculate (based on company press releases and SEC filings) on company strategy for 2012. Anadarko Petroleum Corp. (www.anadarko.com) – Anadarko is one of the largest independent oil and natural gas exploration and production companies in the world. The corporate headquarters is located near Houston, TX. They are one of Pennsylvania’s largest producers of Marcellus shale gas, operating more than 330,000 net acres in Clinton, Centre, Lycoming, Bradford, Sullivan, Tioga and Potter counties. By the end of the third quarter 2011, Anadarko was producing an average 139 mmcf/d net (521 mmcf/d gross) from 150 producing wells. At the end of Q3 they had seven operated and seven non-operated rigs in the Marcellus, which is the only dry gas shale play Anadarko was drilling in the U.S. during 2011. They actively secured new leases in the liquids-rich Utica Shale during 2011. By the end of 3Q, Anadarko had spent $124 million of their capital budget on the Marcellus, on track to spend approximately $160 million on the Marcellus for the entire year. Ahead for 2012 is a trial involving Anadarko and its subsidiary Kerr-McGee, a chemical company. Tronox sued Anadarko and Kerr-McGee in 2009, during its bankruptcy, to recover environmental liabilities that the chemical maker claimed Anadarko dumped on it through a 2006 spinoff. The lawsuit, which starts May 15, seeks a $15.5 billion settlement. Cabot Oil & Gas Corp. (www.cabotog.com) – Cabot Oil & Gas, headquartered in Houston, TX, lays claim to some of the highest producing gas wells in the entire Marcellus Shale play, located in northeastern Pennsylvania. At the end of 2011, Cabot achieved a total aggregated output of 600 mmcf/d in the Marcellus, more than doubling their output from 2010, making them the second largest gas producer in the play behind Chesapeake. Cabot’s stock was the S&P 500’s number one performer for 2011, a high honor for any company. At the end of 2011, Cabot had just over 100 horizontal wells in the Marcellus, and leases for 200,000 net acres. Cabot estimates overall production in the Marcellus Shale will grow 45-55 percent, and they plan to drill an additional 70-78 new Marcellus wells in 2012. An ongoing controversy involving Cabot is the issue of methane migration in water wells in the Dimock, PA area. Cabot denies they caused the issue, the state DEP says Cabot did, and 11 affected families are currently suing Cabot for water contamination. In early 2012, the federal EPA became involved in the ongoing controversy by initiating its own well water testing program in the Dimock area.
©Marcellus and Utica Shale Databook 2012 Volume 1 Sample Pages
Section VIII Directory of Active Drillers
DIRECTORY OF ACTIVE DRILLERS Contact Details for the 118 Active Drillers in the Marcellus/Utica Shale
Driller Name Address City State Zip Phone Web
AB Resources 6802 W Snowville Rd Ste E Brecksville OH 44141 (440) 922-1250 http://www.abresources.com
ABARTA Oil & Gas Co 1000 Gamma Dr Ste 400 Pittsburgh PA 15238 (412) 963-6443 http://www.abartaenergy.com
Allegheny Natural Resources 2591 Wexford Bayne Rd Ste 204 Sewickley PA 15143 (724) 934-5880 http://anr-inc.com
Alpha Shale Resources (Rice Energy) 171 Hillpointe Dr Ste 301 Canonsburg PA 15317 (724) 746-6720 http://www.riceenergy.com
Alta Resources 500 Dallas St Ste 2930 Houston TX 77002 (713) 759-1155 http://www.alta-resources.com
American Oil & Gas 1384 Kirby Rd Waynesburg PA 15370 (724) 627-0588 http://ameroilgas.com
Anadarko Petroleum 1201 Lake Robbins Dr The Woodlands TX 77380 (832) 636-1000 http://www.anadarko.com
Anschutz Exploration 555 17th St Ste 2400 Denver CO 80202 (303) 298-1000 http://www.anschutz-exploration.com
Antero Resources 1625 17th St Ste 300 Denver CO 80202 (303) 357-7310 http://www.anteroresources.com
Artex Oil 2163A St Rt 821 Marietta OH 45750 (740) 373-3313 http://artexoil.com
Aruba Petroleum 555 Republic Dr Ste 505 Plano TX 75074 (972) 312-9366 http://www.arubapetroleum.com
Atlas Energy (Chevron) PO Box 4791 Houston TX 77210 (866) 212-1212 http://www.chevron.com
BLX 233 N Park Dr Kittanning PA 16201 (724) 543-5743 http://blxinc.net
BRC Operating (Bluescape Resources) 200 Crescent Ct, Ste 200 Dallas TX 75201 (214) 855-2260 http://bluescaperesources.com
Burnett Oil 801 Cherry St Fort Worth TX 76102 (469) 277-8012 http://burnettoil.com
Cabot Oil & Gas 840 Gessner Rd Ste 1400 Houston TX 77024 (281) 589-4600 http://www.cabotog.com
Carrizo Oil & Gas 500 Dallas St Ste 2300 Houston TX 77002 (713) 328-1000 http://www.crzo.net
Chesapeake Energy PO Box 18496 Oklahoma City OK 73154 (405) 935-8000 http://www.chk.com
Chevron 6001 Bollinger Canyon Rd San Ramon CA 94583 (925) 842-1000 http://www.chevron.com
Chief Oil & Gas 5956 Sherry Ln Ste 1500 Dallas TX 75225 (214) 265-9590 http://chiefog.com
Citrus Energy 333 Perry St Ste 250 Castle Rock CO 80104 (303) 688-3130 http://www.citrusenergy.com
CNX Gas (CONSOL Energy) 1000 Consol Energy Dr Canonsburg PA 15317 (724) 485-4000 http://www.consolenergy.com
CONSOL Energy 1000 Consol Energy Dr Canonsburg PA 15317 (724) 485-4000 http://www.consolenergy.com
Derby Operating 976 Heyl Rd Wooster OH 44691 (330) 263-6736 na
©Marcellus and Utica Shale Databook 2012 Volume 1 Sample Pages
Marcellus and Utica Shale Databook 2012
Volume 1: 2011 Drilling Permits; 2012 Company Strategies, Contacts, Legislation Publish Date: March 2012
Volume 2: 2012 Drilling Permits (Jan-Jun), New Pipelines, Updated Strategies, News Highlights
Publish Date: July 2012
Volume 3: 2012 Drilling Permits (Jul-Dec), New Pipelines, Updated Strategies, 2013 Preview Publish Date: December 2012
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