In October 2021, Cimarex Energy, a Permian driller, and Cabot Oil & Gas, a Pennsylvania Marcellus driller, merged and renamed the company to Coterra Energy (see Cimarex Takes Over Cabot, Merged Co. Called “Coterra Energy”). Cabot’s Chief Financial Officer (CFO), Scott Schroeder, became the CFO for Coterra. Scott has been with Cabot (now Coterra) for
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...New shale permits issued for Jun 5-11 in the Marcellus/Utica last week dipped a bit from the previous week. There were 20 new permits issued, down from 25 issued the previous week. Last week’s permit tally included 6 new permits for Pennsylvania, 8 new permits for Ohio, and 6 new permits in West Virginia. Ascent
Read More...The Ohio Dept. of Natural Resources (ODNR) recently released production numbers for the first quarter of 2023, and wow! What a surprise! Oil production in the northern Utica Shale skyrocketed, led by wells drilled by Encino Energy. According to an analysis by the Youngstown Business Journal, four shale wells drilled by Encino in Columbiana County
Read More...Two major Marcellus/Utica drillers–Seneca Resources and Northeast Natural Energy (NNE)–have joined the CG Hub, the world’s first commodities trading platform focused exclusively on certified natural gas and certified natural gas certificates. Seneca and Northeast now provide access to a combined 1+ billion cubic feet per day (Bcf/d) of certified natural gas to traders via the
Read More...Yesterday around 30-40 environmental activists (anti-fossil fuelers), along with a handful of local residents, rallied in Beaver, PA, before showing up for the Beaver County Commission regular meeting. The protesters, who want the Shell ethane cracker plant shut down, vented their concerns about the plant to county commissioners. The three county commissioners listened while antis
Read More...New shale permits issued for May 29-Jun 4 in the Marcellus/Utica finally went higher again last week. There were 25 new permits issued, up from the dismal 8 new permits issued the previous week. Last week’s permit tally included 13 new permits for Pennsylvania, 6 new permits for Ohio, and 6 new permits in West
Read More...Last week MDN brought you the news that Northeast Natural Energy (NNE) has begun to drill a geothermal and carbon… Continue reading The post Northeast Natural Energy Drilling for NatGas for “Decades to Come” first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
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...We have two explosions and resulting fires to tell you about–neither related to the other, except they happened two days… Continue reading The post Unrelated Explosions at OH Utica Well Pad, WV Brine Plant first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...New shale permits issued for May 22-28 in the Marcellus/Utica fell again for a second week. There were only 8… Continue reading The post 8 New Shale Well Permits Issued for PA-OH-WV May 22-28 first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...Marcellus driller Northeast Natural Energy (NNE) has begun to drill a geothermal and carbon capture and sequestration (CCS) data collection… Continue reading The post M-U Driller Northeast Natural Energy Believes Geothermal the Future first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...Seneca Resources Company, the Marcellus/Utica drilling arm of utility giant National Fuel Gas Company (headquartered in Williamsville, NY), has contracted… Continue reading The post Seneca Resources Deploying Aurion to Track & Report GHG Emissions first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
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...Olympus Energy wants to drill six wells on a single pad in rural Elizabeth Township, a borough in Allegheny County… Continue reading The post Residents Pressure Elizabeth Twp to Reconsider Well Pad Near School first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
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