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Antero Resources projects 20% production increase in the next year

Brittany Murray | WV MetroNews | January 24, 2018 

CHARLESTON, W.Va. — An annual report issued by Antero Resources projects that oil and gas production will increase by 20 percent in 2018.

IMG_0604.JPG “So we’ll drill, in West Virginia, 120 wells, but in 2012 terms, that’s 250 wells because we’ve developed twice as many minerals by extending the lateral length out twice as much,” Chief Administrative Officer and Treasurer Al Schopp said Wednesday on MetroNews “Talkline.”

Additionally, Schopp said that Antero Resources will pay close to $70 million in taxes this year to the state.

While that increase is staggering, Schopp said it’s not because production has been low in the industry’s downturn.

“We drilled right through it,” he said. “We never laid down all of our rigs. We continued to drill. That kept a lot of people employed, and we’re continuing to drill now.”

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Chevron Invests $630K to Boost ShaleNET Programs

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MetroNews staff photo
From left: Steve Leech, Vice President of Organization and Development at Pierpont Community and Technical College; Lee Ann Wainwright, policy, government, and public affairs representative at Chevron; and Dr. Johnny M. Moore, President of Pierpont Community and Technical College.

Brittany Murray | WV MetroNews | January 23, 2018 

FAIRMONT, W.Va. — Pierpont Community & Technical College is one of four institutions receiving funds from Chevron Appalachia as part of the company’s ongoing commitment to area workforce development.

Since 2014, Chevron has invested more than $2.1 million in ShaleNET programs the region’s community and technical schools, including Pierpont, as well as Westmoreland County Community College and Pennsylvania College of Technology in Pennsylvania, and Stark State Community College in Ohio.

The latest investment, totaling $630,000 in ShaleNET education programs, comes as the energy industry matures and ShaleNET’s curriculum adapts to reflect the region’s need for a highly-skilled workforce. Today’s program model focuses on transferrable skills that enable successful careers across the growing energy and advanced manufacturing industries.

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Local Jobless Rates Have Improved. Officials: Gas Industry Continues Providing Opportunities

Casey Junkins | January 15, 2018 | The Intelligencer. Wheeling News-Register 

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West Virginia Northern Community College petroleum technology instructor Curt Hippensteel demonstrates a plunger lift, which is commonly found at natural gas wells that have already been drilled. Photo by Casey Junkins

 

WHEELING –As the Upper Ohio Valley waits to learn whether a $6 billion Belmont County ethane cracker will bring hundreds of permanent jobs, officials at West Virginia Northern College are training students to work in a wide range of petroleum technology careers.

According to WorkForce West Virginia and the Ohio Department of Job and Family Services, jobless rates throughout most of the area have declined since summer. With more natural gas rigs already running, the potential for the PTT Global Chemical ethane cracker, and the plans for China Energy to build $83.7 billion worth of natural gas projects in West Virginia, the opportunities for careers in the industry seem destined to grow.

If someone likes to be outside and doesn’t mind working hard, it is a great career for them,” college Petroleum Technology instructor Curt Hippensteel said. “Although it varies by company and position, someone can start out making as much as $60,000 per year right out of the program. And eventually, they could make a lot more than that.”

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US FERC approves two major TransCanada gas pipeline expansions

S and P Global Platts, Washington (Platts) | January 2, 2018

The US Federal Energy Regulatory Commission has granted certificate approval to the second-largest natural gas expansion project in the US Northeast, the 170-mile, 2.7 Bcf/d Mountaineer XPress project in West Virginia.

The project, sponsored by TransCanada's Columbia Gas Transmission, was approved late Friday and is roughly 500 MMcf/d shy of Rover Pipeline's 3.25 Bcf/d capacity.

Like Rover, it is producer-backed and expected to boost production in the Marcellus shale and also increase deliveries from the Northeast to neighboring regions, particularly the US Gulf area.

In addition to the Mountaineer XPress, the commission late Friday granted certificate approval to Columbia Gulf Transmission's 860 MMcf/d Gulf XPress project, adding seven new compressor stations in Kentucky, Tennessee and Mississippi to allow for bidirectional flows on Columbia Gulf's Lines 200 and 300, as well as changes to an existing compressor station and one existing meter station.

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China Energy MOU impact paying dividends for Northern Panhandle properties

Linda Harris | January 2, 2018 | WV News

MOUNDSVILLE — China Energy’s potential $84 billion investment in energy projects in the Mountain State has sparked an uptick in interest in available industrial properties throughout the Upper Ohio Valley, officials say.

The memorandum of understanding, or MOU, is not binding, meaning the Chinese company can still back out if it wants to.

“Everybody’s trying to figure out what it means,” said Bryce Custer, NAI spring real estate adviser, Energy Services.

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Private Project of the Year: Antero Resources' Clearwater Facility

Charles Young, Staff Writer | December 29, 2017 | WV News 

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Editor’s note: This story is part of NCWV Media’s year-end series recognizing people, projects and entities that positively impacted the North Central West Virginia region over the past year. Due to its potential to economically boost the Doddridge County area for decades to come while setting environmental standards for the oil and gas industry, NCWV Media’s Editorial Board has selected Antero Resources’ Clearwater Facility as the 2017 Private Project of the Year.

WEST UNION — Antero Resources’ Clearwater Facility in Doddridge County, which will clean fracking water so it can safely be reused, is the first of its kind in the oil and gas industry.

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Natural Gas Customers in West Virginia Pocket $4.3 Billion Since Development of Marcellus Shale

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CONTACT:​​​​​​​​                                                                                                                                                    NEWS RELEASE
Anne Blankenship
Executive Director
(304) 343-1609


Natural Gas Customers in West Virginia Pocket $4.3 Billion Since Development of Marcellus Shale

Charleston, W.Va. (December 20, 2017)– Since the development of the Marcellus Shale over the last ten years, the amount that consumers have paid for natural gas in the Mountain State’s homes and businesses has tumbled $4.3 Billion (in 2016 dollars) - making Christmas merrier across West Virginia. Data from the Energy Information Administration shows dropping prices for natural gas consumers at all levels including residential, commercial and industrial users.

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State's greatest period of infrastructure development at hand

The State Journal | Jeff Wade | December 18, 2017

West Virginia sits on the cusp of one of the greatest periods of infrastructure development since, potentially, the creation of the interstate system. This development will provide tens of thousands of jobs, billions of dollars in investment, generations’ worth of tax receipts for state and county governments, and possibly most importantly, set the foundation for maximizing West Virginia’s oil and gas resources for the benefit of all West Virginians.

Natural gas interstate pipeline projects approved or under review by the Federal Energy Regulatory Commission represent what may be the largest private sector infrastructure investment in the state’s history. Four of those projects — the Mountain Valley Pipeline, Atlantic Coast Pipeline, Supply Header and the Leach Express Pipeline — are estimated to provide over $7 billion in investment and economic activity alone. The Mountain Valley, Atlantic Coast and Supply Header pipelines were recently approved by the Federal Energy Regulatory Commission, while the Leach Express was approved earlier this year.

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Several Southern West Virginia counties to receive $8 million from oil and natural gas property taxes

Andrea Lannom | The Register-Herald | December 12, 2017

County governments in seven southern West Virginia counties will receive more than $8 million from property taxes on oil and natural gas production. 

Taxes will provide county governments with more than $96 million for local school systems and community services, according to a Monday news release from the West Virginia Oil and Natural Gas Association. WVONGA serves the entire oil and natural gas industry, including organizations involved in construction, environmental services, drilling, transporting, distribution and processing. 

 

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Letter: WV on cusp of major development with natural gas pipeline projects

Charleston Gazette Mail | December 12, 2017

West Virginia sits on the cusp of one of the greatest periods of infrastructure development since, potentially, the creation of the interstate highway system.

This development will provide tens of thousands of jobs, billions of dollars in investment, generations’ worth of tax receipts for state and county governments, and set the foundation for maximizing the state’s oil and gas resources for the benefit of all West Virginians.

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