[copious.abundance]

Cleveland is gonna be the next Dubai!

[copious.abundance]

Aubrey Sez ....
$this->bbcode_second_pass_quote('', '[')...]

One thing I would say this -- is the location of this play [Utica shale] has a number of advantages to it. There's plenty of water. The topography is much less challenging than, say, in West Virginia, eastern PA. We're in a part of Ohio which, frankly, is ground 0 for what used to be the manufacturing belt of America, and unfortunately, the last 30 years has been the rust belt. But we think that our activity can help rejuvenate this area, and we're actually quite pleased with the quality of the workforce, the size of the workforce. And we think, of course, there's great transportation alternatives here, and we're pretty close to the Ohio River. So if we need to barge out tomorrow, we can do that. So there's lots of advantages to doing business in eastern Ohio. And so if you could have picked -- if I could have picked another place for a play to develop, it's pretty much the most ideal place I could think of in America for a big new play to develop. We're excited about it and recognize that our activity is going to create a lot of logistical challenges, but we'll meet them all and create tens of thousands of job while we do it.

[...]

[copious.abundance]

25 billion barrels!

Aubrey sez to Jim Cramer ...
$this->bbcode_second_pass_quote('', '[')...]

- Could also be transformative for the entire country as they are talking about really big numbers. In the Utica there could be 25,000 wells drilled over several decades which would be over a $200 billion investment,

- In terms of oil and natural gas liquids, there could be 25 billion barrels of oil equivalent and could be one of the biggest discoveries in United States history.

[...]

Time for an update!

200,000 new jobs!

LINK
$this->bbcode_second_pass_quote('', '[')b]Oil industry: Shale could generate 200,000 jobs
CantonRep.com staff report
Posted Sep 20, 2011 @ 11:33 PM

Expansion of Ohio’s oil and natural-gas business could generate 200,000 new jobs during the next three years.

The figure was tossed out Tuesday morning by oil industry associations during a press conference in the Statehouse. The five industry groups were joined by JobsOhio, a private nonprofit economic development agency created earlier this year by the Kasich administration.

The job growth projection is based on a study commissioned by the Ohio Oil & Gas Energy Education Program. Kleinhenz & Associates, a Cleveland-based economic research firm, did the study with help from Marietta College, Ohio State University, Central Ohio Technical College and Zane State College.

[...]

The 200,000 projected jobs could come from leasing, exploration, drilling, production and pipeline production associated with Utica shale development. The jobs could lead to a wage and personal income boost of $12 billion.

Meanwhile the report indicates that royalty payments could increase to as much as $1.6 billion by 2015, which is more than have been paid by the industry in Ohio over the past decade.

[...]

[MD]

Tick off another percent or two. It's still too expensive to use they way we've been using it, but it will help keep the heat and lights on.

Time for a long overdue update!

Though drilling has barely just begun, they've already got a customer!

Marathon Petroleum Exec: Canton Refinery To Use 12,000 B/D Utica Crude Next Year
$this->bbcode_second_pass_quote('', 'M')arathon Petroleum Corp. (MPC) has started to use small amounts of crude oil from the Utica shale at its refinery in Canton, Ohio, the company said Tuesday.

The refinery would be among the first to process oil from the up-and-coming shale formation in the northeast U.S. The Utica is expected to grow in prominence as new drilling technology helps unlock oil and gas that had previously been too uneconomical to make drilling worth the effort.

The 73,000 barrel-a-day Canton refinery will increase its take of Utica oil to up to 12,000 barrels a day in early 2012 and could raise the amount further, said Marathon Petroleum Senior Vice President Mike Palmer.

[IndigoMoon]

Here's an UPDATE for ya.....
http://ohiofracktion.wordpress.com/2012/01/03/nbc-cnn-npr-ecowatch-the-us-is-seeing-the-results-of-youngstown-organizing/
http://www.msnbc.msn.com/id/45847245/ns/us_news-environment/#.TwPX2tRRQtp
$this->bbcode_second_pass_quote('', 'O')hio has suspended operations at five deep wells used to dispose of fracking-related fluids after nearly a dozen earthquakes in the town of Youngstown over the past year, the latest sign of local unease over the booming shale gas industry.

[copious.abundance]

^
I figured someone would bring that up.

The wells causing those quakes weren't oil/gas drilling wells, and as far as I know they weren't even fracked wells. As your own article says, they were wastewater disposal wells. Aparrently right over a fault line.
$this->bbcode_second_pass_quote('', 'T')he wells were used to store wastewater from oil and gas drilling operations, not for production

[IndigoMoon]

$this->bbcode_second_pass_quote('OilFinder2', '^')
I figured someone would bring that up.

The wells causing those quakes weren't oil/gas drilling wells, and as far as I know they weren't even fracked wells. As your own article says, they were wastewater disposal wells. Aparrently right over a fault line.
$this->bbcode_second_pass_quote('', 'T')he wells were used to store wastewater from oil and gas drilling operations, not for production

[rockdoc123]

$this->bbcode_second_pass_quote('', 'I') live in Ohio- born and raised. Earthquakes are not "normal" here. Take your fracking and well, frack it.

[copious.abundance]

$this->bbcode_second_pass_quote('IndigoMoon', 'Y')es- waste water FROM the fracking. All that toxic water has to go somewhere.

[dinopello]

$this->bbcode_second_pass_quote('IndigoMoon', 'H')ere's an UPDATE for ya.....
http://ohiofracktion.wordpress.com/2012/01/03/nbc-cnn-npr-ecowatch-the-us-is-seeing-the-results-of-youngstown-organizing/
http://www.msnbc.msn.com/id/45847245/ns/us_news-environment/#.TwPX2tRRQtp
$this->bbcode_second_pass_quote('', 'O')hio has suspended operations at five deep wells used to dispose of fracking-related fluids after nearly a dozen earthquakes in the town of Youngstown over the past year, the latest sign of local unease over the booming shale gas industry.

[IndigoMoon]

$this->bbcode_second_pass_quote('OilFinder2', '')$this->bbcode_second_pass_quote('IndigoMoon', 'Y')es- waste water FROM the fracking. All that toxic water has to go somewhere.

$this->bbcode_second_pass_quote('IndigoMoon', '')$this->bbcode_second_pass_quote('OilFinder2', '')$this->bbcode_second_pass_quote('IndigoMoon', 'Y')es- waste water FROM the fracking. All that toxic water has to go somewhere.

[IndigoMoon]

$this->bbcode_second_pass_quote('rockdoc123', '')$this->bbcode_second_pass_quote('', 'I') live in Ohio- born and raised. Earthquakes are not "normal" here. Take your fracking and well, frack it.

[rangerone314]

I'd be surprised if fracking encounters much resistance in Ohio. Like Indiana, there seems to be a pretty strong fascist-corporatist element in Ohio for being a northern state. (Indiana for its part had huge KKK membership in the past)

[rshizzle]

My area of Ohio is so desperate for any investment whatsoever they'll take the chance. There are 3 deserted steel mills within a 10 mile stretch of highway here. Business has been up in my town, I have yet to see any production numbers though, just a few halliburton trucks.

[copious.abundance]

The hiring has begun!

Oil jobs: 300 apply to Chesapeake; fair next week in New Philly
$this->bbcode_second_pass_quote('', 'A')n estimated 300 people wandered into the lobby of the Holiday Inn North Canton on Thursday, and 80 walked out with job offers.

Recruiters and managers for three Chesapeake Energy subsidiaries met with applicants, and two of the operations — Great Plains Oilfield Rentals and Oilfield Trucking Solutions — offered jobs.

More people will be getting jobs next week when SOS Staffing screens workers who stop at The Employment Source offices in New Philadelphia. Up for grabs will be jobs that pay between $40,000 and $50,000 per year with Schlumberger Ltd., an oil field service provider.

[...]

[MD]

Yes, it's a good time to be starting careers in the energy sector. It will continue to be so for a very long time.

[copious.abundance]

If there was any doubt these plays are and will create tons of new jobs - and well-paying too - and not just roustabouts and mud loggers, but other blue-collar jobs ... let this put those doubts to rest. Only 5 to 15 weeks training needed.

Great Lakes Truck Driving School Gears Up for O&G Industry
$this->bbcode_second_pass_quote('', 'T')his course was developed to meet the anticipated demand of workers due to the Marcellus and Utica Shale Exploration. The school has already located ten drilling contractors that are seeking to immediately fill over 4,000 positions with a starting annual pay between $50,000 and $65,000. These companies have indicated a need for CDL Drivers and Heavy Equipment Operators with a preference for the credentials offered in the Oil Field Safety Certification Course.