In April, the Ohio Oil and Gas Commission upheld a regulatory order from the Ohio Dept. of Natural Resources (ODNR) suspending operations of three wastewater injection wells located in Torch (Athens County), OH, owned by K&H Partners, a subsidiary of Tallgrass Energy (see Ohio O&G Commission Votes to Shut Down 3 Athens Injection Wells). K&H…
Read More...In June 2018, MDN exclusively brought our readers the news that Diversified Gas & Oil (now called Diversified Energy) had purchased EQT Corporation’s Huron Shale assets, with a bunch of conventional wells, in Kentucky, Virginia, and West Virginia for $575 million (see Diversified Gas & Oil Adds to Conventional Assets in KY, VA, WV). A…
Read More...Every major public “upstream” (exploration and production) company invests in finding and developing reserves — except one, which happens to be the largest owner of wells in the country. Diversified Energy (formerly Diversified Gas & Oil), with major assets in the Marcellus/Utica region (also assets in other regions, too), owns approximately 8 million acres of…
Read More...Diversified Energy (formerly Diversified Gas & Oil), with major assets in the Marcellus/Utica region (with assets in other regions, too), owns approximately 8 million acres of leases with 67,000 (mostly) conventional oil and gas wells. The company’s business model is to buy lower-producing wells on the cheap and find ways to make them more productive….
Read More...There were 19 new permits issued to drill in the Marcellus/Utica during the week of Feb. 5 – 11, versus 20 permits issued the prior week. Pennsylvania issued 13 new permits last week. Ohio issued 4 new permits. West Virginia issued 2 new permits last week. Range Resources scored the most new permits with 5…
Read More...There were 20 new permits issued to drill in the Marcellus/Utica during the week of Jan. 29 – Feb. 4, versus 27 permits issued during the prior week. Pennsylvania issued 12 new permits last week. Ohio issued 6 new permits. West Virginia issued 2 new permits last week. We had a tie for the company…
Read More...Ever heard of short selling? It’s a trading strategy of speculating on a stock’s decline in price. According to Investopedia, “In short selling, a position is opened by borrowing shares of a stock, bond, or other asset that the investor believes will decrease in value. The investor then sells these borrowed shares to buyers willing…
Read More...There were 23 new permits issued to drill in the Marcellus/Utica during the week of Jan. 8-14, versus 18 permits issued for the prior week. Pennsylvania issued 13 new permits last week. Ohio issued just 2 new permits. West Virginia issued 8 new permits — for the second week in a row. EQT scored the…
Read More...Diversified Energy Company, with major assets in the Appalachian region (including the Marcellus/Utica), announced yesterday the company had sold a majority stake in an unspecified number of Appalachian conventional oil and gas wells to an investment company called DP Lion Equity Holdco, for $200 million. We could not find who owns DP Lion. The company…
Read More...One of the speakers at the recent Hart Energy DUG Appalachia event in Pittsburgh was Douglas Kris, senior vice president of Diversified Energy. For years, we have highlighted Diversified’s “contrarian” business model (see our Diversified stories here). Diversified Energy (formerly Diversified Gas & Oil), with major assets in the Marcellus/Utica as well as other regions,…
Read More...Diversified Energy (formerly Diversified Gas & Oil), with major assets in the Marcellus/Utica region (and other regions, too), owns approximately 8 million acres of leases with 67,000 (mostly) conventional oil and gas wells. The company’s business model is to buy lower-producing wells on the cheap and find ways to make them more productive. For years,…
Read More...Diversified Energy (formerly Diversified Gas & Oil), with major assets in the Marcellus/Utica region (and other regions, too), owns approximately 8 million acres of leases with 67,000 (mostly) conventional oil and gas wells. The company’s business model is to buy lower-producing wells on the cheap and find ways to make them more productive. The company…
Read More...Last summer, MDN brought you the news about a lawsuit against Diversified Energy and EQT over the issue of old and “abandoned” wells in West Virginia (see Big Green Uses WV Landowners to Sue EQT, Diversified re Old Wells). In April, a West Virginia federal judge allowed that lawsuit to continue as a class action…
Read More...The weather has been fantastic for those of us living in the northeastern U.S. over the past few weeks. Clear… Continue reading The post SRBC Water Withdrawal Restrictions Hit 42 PA Oil & Gas Operators first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...Last summer, MDN brought you the news about a lawsuit against Diversified Energy and EQT over the issue of old… Continue reading The post Fed Court Rules EQT, Diversified Must Face WV Class Action first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
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