EnerVest Expands Its Shale Initiative – A Texas-based company is expanding a new initiative to get oil from Ohio’s Utica shale. The EnerVest Ltd. companies have won approval from the Ohio Department of Natural Resources to drill two wells near Uhrichsville in southern Tuscarawas County. Those two wells, both in Clay Township, are part of a growing effort to tap what’s called “volatile oil” from the Utica shale, the company confirmed in an email. EV Energy Partners, a publicly traded company that is part of privately held EnerVest Ltd., has stated since last May that it intends to drill eight to 10 wells in 2014 in Stark and Tuscarawas counties. That is part of a pilot project to unlock the oil secrets of the Utica shale, the company said. The company has about 81,000 acres in the volatile oil window. It has been busy on hydraulic fracturing studies and reservoir stimulus modeling as ways to boost oil production. The volatile oil window covers all or parts of Portage, Stark, Trumbull, Tuscarawas, Holmes, Coshocton, Guernsey, Muskingum, Perry, Morgan, Athens, Vinton and Hocking counties. There is oil in the Utica shale but it is immature and under very low pressure that makes recovery difficult, the experts say. To read more about EnerVest’s oil play, click on this Beacon Journal article.

Timken Acquires Schulz Group, Further Expanding Services Offering – The Timken Company announced the further expansion of its industrial services capabilities with the acquisition of assets from the Schulz Group based in New Haven, CT. Schulz Group provides electric motor and generator repairs, motor rewinds, custom controls and panels, systems integration, pump services, machine rebuilds, hydro services and diagnostics for a broad range of commercial and industrial applications. The company serves customers nationwide in the commercial nuclear power sector, as well as regionally in the hydro and fossil fuel market sectors, water management, paper and general manufacturing sectors in the New England and Mid-Atlantic regions. In 2013, Schulz Group had full-year sales of approximately $18 million and employed 125 people. “Schulz brings to our portfolio of services more than a century of motor experience and decades of unique application experience in the nuclear and hydro market sectors,” said Carl D. Rapp, vice president of power systems for Timken. With The Timken Company’s acquisitions of Philadelphia Gear, the Wazee Companies, Smith Services, Standard Machine and the Schulz Group, the company now provides industrial services throughout North America. To read more about the acquisition, click on this Timken press release.

Seven from Stark County Make U.S. News and World Report’s 2014 Best High School List – Seven Stark County High Schools were included in the U.S. News & World Report’s Best High School Rankings for 2014 released on April 22. National ranking and silver medals were awarded to Jackson, Hoover, Lake, East Canton and Marlington High Schools. Perry and Sandy Valley High Schools received national recognition and bronze medals. To produce the 2014 list, U.S. News teamed up with the Washington, D. C. based American Institutes for Research to analyze data from 31,242 public high schools from all 50 states and the District of Columbia. Schools were ranked on both academic performance and college readiness. To read about the rankings, click on this Stark Education Partnership e-newsletter.

Local IT Group Teams with Ernst & Young on Certification Program – A local company’s work in computer hardware and software asset management will be the basis for a certification program for IT asset management. The International Association of IT Asset Managers (IAITAM) has struck a deal with Ernest & Young, the international accounting and professional services company, on an IT Asset Management Organization Certification program. IAITAM said it will be the first certification program for the industry. Plans are for Ernest & Young to offer IAITAM products to help its clients assess their IT equipment. Once the assessment is finished, the company will receive organizational certification, which shows that its computer hardware and software comply with industry standards. According to Will Harwood, an IAITAM spokesman, Ernest & Young had been seeking an organization that could help its clients address risks associated with poor management practices concerning computer hardware and software programs. It can be an area of huge risk if companies don’t follow the best practices, he said, noting problems several large retailers have experienced with system breaches. To learn more about this program, click on this Canton Repository article.

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