Hart Energy has published a number of articles highlighting companies and key people in the Marcellus/Utica region. Hart has an ongoing series called Hart Energy’s Hall of Fame to honor industry pioneers and the Agents of Change (ACEs) who are leading the energy sector into the future. A recent Hall of Fame article highlights one…
Read More...For the week of Nov 25 – Dec 1, permits issued in the Marcellus/Utica dropped dramatically. Only 12 new permits were issued last week, less than half the 28 issued the week before. The Keystone State (PA) issued just two new permits, one to EQT in Greene County and the other to Range Resources in…
Read More...CNX Resources announced yesterday it had struck a deal to buy the assets of Apex Energy II, LLC, a portfolio company of funds managed by Carnelian Energy Capital Management, for $505 million. Apex owns wells, acreage, and pipelines in Westmoreland County, PA. The Apex assets are close to, in some cases adjacent to, CNX’s considerable…
Read More...The research arm of Enverus (formerly Drillinginfo), one of the most trusted, energy-dedicated SaaS platforms offering real-time access to analytics, insights, and benchmark cost and revenue data, earlier this week published a new report on the Utica Shale. The report specifically discusses Utica oil—the production performance for Utica wells, and the economics of the play….
Read More...This post is to catch you up on the latest developments in a class action lawsuit related to a frac-out, or “inadvertent return” that happened when EQT Corp. drilled a well in Greene County, PA, in 2022 (see Possible Frac-Out Reported at EQT Well Site in Greene County, PA). A frac-out happens when drilling mud…
Read More...According to an extensive report appearing on the World Oil website (and in the November issue of the magazine), multiple possible futures lie ahead for the Marcellus and Utica shales. So, which future will come to pass? Today, both industry and government see the Marcellus and Utica formations as tremendous opportunities for companies and state…
Read More...Three weeks ago, MDN told you that Coterra Energy, formed in 2021 by the merger of the Marcellus-focused Cabot Oil & Gas and the Permian/Anadarko-focused Cimarex Energy, has succumbed to the siren song of more oil drilling (see Siren Song: Coterra Energy Buys Permian Assets for $4 Billion). Coterra is buying “certain assets of Franklin…
Read More...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…
Read More...There is an important development for landowners AND drillers in a class action case that began some seven years ago. A civil suit was brought by Harrison County oil and gas owners against Antero Resources Corp., claiming the company had deducted post-production costs from royalties not allowed under the leases they had signed. In 2022,…
Read More...When EQT first announced it intended to build the Mountain Valley Pipeline (MVP), stretching from Wetzel County, WV, to Pittsylvania County, VA, the project came with an estimated price tag of $3.5 billion and an estimated completion date of 2018 (see Mountain Valley Pipeline Files FERC Appl, Now Just Matter of Time). By the time…
Read More...In July, the Ohio Dept. of Natural Resources (ODNR) opened up the shuttered Austin Master Services (AMS) radiological waste management solutions company in Martins Ferry (Belmont County), Ohio, to begin cleanup work at the facility (see Flurry of Activity at Austin Master Services Site in Martins Ferry). AMS is permitted by the ODNR to temporarily…
Read More...For the week of Nov 18 – 24, permits issued in the Marcellus/Utica continued to be strong, with 28 new permits issued, down just two from the 30 issued the prior week. The Keystone State (PA) issued 11 new permits, with five going to CNX Resources, all in Allegheny County. Two permits were issued to…
Read More...In early October, Infinity Natural Resources (INR), with 90,000 acres in the Marcellus/Utica, filed an IPO with the Securities and Exchange Commission (SEC), hoping to raise $100 million (see M-U Driller Infinity Natural Resources Files for $100 Million IPO). We haven’t written much about INR, a company founded in 2017 and headquartered in Morgantown, WV,…
Read More...As we’ve stated many times, we’re not fans of so-called “net zero.” Net zero emissions refer to balancing the amount of greenhouse gases (GHG) emitted into the atmosphere with an equivalent amount of GHG removed, resulting in no net increase in atmospheric GHG concentrations. Scope 1 and 2 emissions are part of the broader framework…
Read More...Ravi Srivastava The hits continue to roll in from Hart Energy’s DUG Appalachia event held in Pittsburgh earlier this month (two days after the election). Jordan Blum, editorial director for Hart, did a sit-down interview with Ravi Srivastava, president of new technologies for CNX Resources. The conversation was ostensibly about the important role of data…
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