New shale permits issued for Jul 3-9 in the Marcellus/Utica saw a dramatic decrease after posting a dramatic increase the week before. There were 11 new permits issued last week, way down from the 39 issued the previous week. Last week’s permit tally included a scant 3 new permits in Pennsylvania, 3 new permits in…
Read More...New shale permits issued for Jun 26 – Jul 2 in the Marcellus/Utica saw a dramatic increase, thanks to a bump in Pennsylvania’s numbers. There were 39 new permits issued last week, way up from 11 issued the previous week. Last week’s permit tally included 30 new permits in Pennsylvania, 8 new permits in Ohio,…
Read More...New shale permits issued for Jun 12-18 in the Marcellus/Utica gained one. There were 21 new permits issued, up from 20 the previous week. Last week’s permit tally included 12 new permits in Pennsylvania, 6 new permits in Ohio, and 3 new permits in West Virginia. Snyder Brothers scored the most new permits, with 9…
Read More...Very quietly, without issuing a press release, CNX Resources, headquartered in Canonsburg, PA (near Pittsburgh), filed a Form 8-K with the Securities and Exchange Commission to say that on June 15, the company entered into a “definitive purchase sales agreement” to sell various non-operated producing oil and gas assets primarily located in the Appalachian basin
Read More...For individuals, discretionary income is what’s left after you pay your taxes and fixed costs like housing, food, and clothing. For shale drillers, the equivalent to discretionary income is cash flow from operating activities (CFOA), which is the net income a company generates adjusted for non-cash expenses like depreciation and stock-based compensation, and for changes
Read More...It’s possible to track which institutional investors (big investors like BlackRock) are buying or selling shares in various companies by… Continue reading The post Who Bought and Who Sold the Most Shares of M-U Drillers in 1Q23 first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...New shale permits issued for May 8-14 in the Marcellus/Utica rose from the prior week. There were 26 new permits… Continue reading The post 26 New Shale Well Permits Issued for PA-OH-WV May 8-14 first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...Investors in shale oil and gas companies suffered for years with little or no returns for the money they invested…. Continue reading The post How Did M-U Gas Drillers Spend Their 2022 Record Haul of Cash? first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...CNX Resources held its annual meeting yesterday, which lasted all of 13 minutes. As we previously reported, one of CNX’s… Continue reading The post Proxy Firm Spouts Off at CNX Annual Mtg; Paris Proposal Voted Down first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...The proxy firm hired by California hotel owner Jon Handerly is accusing CNX Resources of lying about its attempt to… Continue reading The post Proxy Firm, CNX Accuse Each Other of Lying re Paris Goals Proposal first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...Last week CNX Resources issued its first quarter 2023 update. The company generated $710 million of net income versus losing… Continue reading The post CNX 1Q – Production Slides, Profits Soar on Derivatives first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...The war of words continues. Two days ago, MDN told you that the liberal owner of two hotels in California,… Continue reading The post CNX CEO Calls Lib California Hotel Shareholder Proposal “Spam-Like” first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...The owner of two hotels in California–the Handerly Hotels in San Francisco and San Diego–who happens to own 19,185 shares… Continue reading The post Calif. Hotel Liberal Pressures CNX to Report on Loony Paris Goals first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...Free cash flow (FCF) refers to a company’s available cash repaid to creditors and as dividends and interest to investors…. Continue reading The post $8 Billion in Free Cash Flow for Shale Gas Drillers “Off the Table” first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...New shale permits issued for Apr. 10-16 in the Marcellus/Utica picked up two from the prior week. There were 20… Continue reading The post 20 New Shale Well Permits Issued for PA-OH-WV Apr 10-16 first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
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