Industry News

34 New Shale Well Permits Issued for PA-OH-WV Nov 4 – 10

For the week of Nov 4 – 10, permits issued in the Marcellus/Utica came roaring back with a total of 34 permits issued (up from 13 issued the prior week). There were some VERY interesting things to note about some of the permits issued. The Keystone State (PA) issued 16 new permits, with five going…

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Fed District Court Sends Pennsylvania Royalty Dispute to Trial

MDN first reported on a lawsuit by a group of Wyoming County, PA, landowners back in January 2019 (see Fed Court Allows PA Royalty Lawsuit Against Chesapeake to Proceed). The lawsuit was originally filed in February 2018 by landowners against Chesapeake Energy and Equinor, claiming post-production deductions were made from royalty checks that should not…

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Y&S Railroad Expanding Youngstown Yard to Service Cracker, M-U

We’re a sucker for a railroad story. There’s something magical about railroads, dontcha think? We spotted a railroad story that ties in with the Marcellus/Utica. Yesterday morning, the Ohio Rail Development Commission (ORDC) voted to approve a project (and back it with a grant) in Youngstown, Ohio. It is a significant, large-scale project by the…

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Kentucky Utility Plans to Build 4 New Gas-Fired Power Plants

Yesterday, the East Kentucky Power Cooperative (EKPC), a nonprofit power generation and transmission electric utility with headquarters in Winchester, Kentucky, announced plans to build two new natural gas-fired power plants and convert its two existing coal-fired power plants to burn natural gas. That’s four new gas-fired power plants coming to two different counties, one county…

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Court Rescinds Approval of WNY Gas-Fired Plant Sale to Bitcoin Co.

In September 2022, the New York Public Service Commission (PSC), which oversees and regulates public utilities in the state, approved the takeover of the Fortistar gas-fired power plant in North Tonawanda, NY, a town close to Niagara Falls, by Canadian crypto mining company Digihost. In December 2022, the Federal Energy Regulatory Commission (FERC) offered its…

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PHX Response to WhiteHawk Energy’s Latest Marriage Proposal: NO!

Runaway Bride Our observation is that WhiteHawk Energy is smitten with PHX Minerals. For the last 15 months, WhiteHawk has been trying to get PHX down the marriage aisle in any way it can. PHX has repeatedly given WhiteHawk the cold shoulder. WhiteHawk’s latest attempt, which we told you about yesterday, was an appeal to…

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ECA Marcellus Trust I Gives Investors Half-Cent Dividend for 3Q24

ECA Marcellus Trust I, the royalty interest holder in some of the wells drilled and maintained by Greylock Energy in Greene County, PA, announced Wednesday that it will issue a half-cent dividend to unitholders for the third quarter of 2024. The company paid no dividend in 2Q24. The company continues to hold back some profits…

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Other Stories of Interest: Fri, Nov 15, 2024

OTHER U.S. REGIONS: Exxon plans to cut almost 400 Pioneer jobs in Texas by 2026; NATIONAL: BMI says Trump presidency breeds new uncertainty for oil price; Trump weighs ‘fearless’ fracking advocate for top energy post; INTERNATIONAL: Germany rejects Russian natural gas shipments; Trump’s tariffs won’t curb EU’s reliance on U.S. LNG.To view this content, log…

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Ovintiv Swaps the Uinta for Montney in Multiple M&A Moves

Ovintiv is expanding greatly in the Canadian Montney Shale play through a US$2.38 billion deal with Paramount Resources and exiting the newly booming Uinta Basin in Utah with a $2 billion sale to FourPoint Resources. This post appeared first on Hart Energy.

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Luckiest Trade Ever? From $16 to $3 Million: A PNUT Fairytale

Key Takeaway: Man becomes a millionaire in 3 days after investing $16 in a meme coin. PNUT, the meme coin has surged over 3000% since he invested in it. The crypto market is one of the most volatile places in the world. During the last week, an incident took place in the crypto market. A

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Mog Coin $MOG Pumps 25% In The Past 30 Days, Reaching ATH: Will it Surge Again?  

Amid this month’s crypto market boom, various altcoins are surging, with popular meme coins leading the frenzy. The Ethereum-based meme coin $MOG rapidly attracts investors and has shown a 25% increase in the past 30 days.  8 days ago, on November 7th, Mog Coin reached its all-time high, with a price of $0.0000002615 per token.

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