Details for Surface Owners re Diversified Deal to Plug Wells

In November, MDN told you that Diversified Energy and EQT Corporation had settled a class action lawsuit originally brought by several West Virginia landowners (see EQT, Diversified Settle WV Class Action Lawsuit re Old Wells). Diversified and EQT are ponying up $3.25 million each ($6.5 million total) with requirements for Diversified to plug more wells…

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Details on Diversified Deal to Plug More Wells in WV, OH, PA

One month ago, we brought you the news that Diversified Energy and EQT Corporation had settled a class action lawsuit originally brought by several West Virginia landowners (see EQT, Diversified Settle WV Class Action Lawsuit re Old Wells). There is the money aspect of the lawsuit, a payout of up to $6.5 million (subject to…

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Diversified Energy Seeks to be NatGas “Marketer of Choice”

In October, Diversified Energy Company (formerly Diversified Gas & Oil) announced it had signed a deal to supply 40 billion cubic feet (Bcf) of natural gas over three years to a “major Gulf Coast LNG facility” for exporting (see Diversified Energy Signs Deal to Supply NatGas for LNG Exports). Diversified hasn’t disclosed which Gulf Coast…

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30 New Shale Well Permits Issued for PA-OH-WV Nov 11 – 17

For the week of Nov 11 – 17, permits issued in the Marcellus/Utica were strong, with 30 new permits issued, down just slightly from the 34 issued the prior week (but way up from the piddly numbers issued in prior weeks). The Keystone State (PA) issued 16 new permits, with seven going to Range Resources,…

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EQT, Diversified Settle WV Class Action Lawsuit re Old Wells

In August, MDN brought you up to speed on a lawsuit filed by several West Virginia landowners (turned into a class action) against Diversified Energy and EQT over EQT’s sale of 11,350 conventional wells and 2.5 million acres of leases spread across several states, including West Virginia (see WV Landowner Lawsuit Against EQT, Diversified re…

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SRBC Approved 20 Shale Water Withdrawal Requests in September

In September, the Executive Director of the Susquehanna River Basin Commission (SRBC) renewed 20 water-use permits for individual shale gas well drilling pads in Bradford, Clearfield, Lycoming, Sullivan, and Susquehanna counties. We’re just learning of the action via an official notice published in the Oct. 26 edition of the Pennsylvania Bulletin. The approvals, which are…

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Diversified Energy Signs Deal to Supply NatGas for LNG Exports

This morning, Diversified Energy Company (formerly Diversified Gas & Oil) announced it had signed a deal to supply 40 billion cubic feet (Bcf) of natural gas over three years to a “major Gulf Coast LNG facility” for exporting. The contract begins in November (next month!), which means even though Diversified isn’t (yet) willing to identify…

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OH Lawmakers Asked to Waive Competitive Bids to Plug Orphaned Wells

The Ohio Department of Natural Resources (ODNR) asked a panel of lawmakers called the Ohio Controlling Board to waive the need for competitive bidding for $11.2 million in contracts to plug orphaned oil and gas wells around the state. Yesterday, the Controlling Board approved the request. The contracts were awarded to two companies: Next LVL…

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Ohio Utica 2Q24 Production – Oil Up 23%, Gas Down 4% vs Year Ago

The Ohio Department of Natural Resources (ODNR) released production numbers for the second quarter of 2024 yesterday. The story the numbers tell continues to be about Utica oil, which continues to rise each quarter. Ohio’s total oil production during 2Q24 was 8.01 million barrels, up 23% from 2Q23’s 6.5 million barrels and up 11% from…

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WV Judge Blocks Class Action in Diversified Old Wells Lawsuit

MDN has an exclusive update on a lawsuit by several West Virginia surface landowners who are suing Diversified Energy over Diversified’s failure to plug their unproducing conventional wells. At the prompting of the Sierra Club, the landowners attempted to turn the lawsuit into a class action. Yesterday, a federal judge for the U.S. District Court…

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Diversified Saves Big Money Retiring Its Own Older Wells

In late 2021, Diversified Energy (formerly Diversified Gas & Oil) announced it had purchased Next LVL Energy, a well-plugging company that concentrates on plugging mainly old conventional oil and gas wells in Appalachia (see Diversified Energy Buys Well-Plugging Co. Next LVL Energy). Next LVL was headquartered in the Pittsburgh region. In early 2023, Diversified moved…

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