Energy Companies

Ascent Resources 1Q – Big Swing to Profitability, Drilled 19 Wells

Ascent Resources, originally founded as American Energy Partners by gas legend Aubrey McClendon, is a privately-held company that focuses 100%… Continue reading The post Ascent Resources 1Q – Big Swing to Profitability, Drilled 19 Wells first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

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ECA Marcellus Trust I Gives Investors 4.3 Cents per Unit in 1Q23

ECA Marcellus Trust I, the royalty interest holder in some of the wells drilled and maintained by Greylock Energy in… Continue reading The post ECA Marcellus Trust I Gives Investors 4.3 Cents per Unit in 1Q23 first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

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20 New Shale Well Permits Issued for PA-OH-WV May 1-7

New shale permits issued for May 1-7 in the Marcellus/Utica rose slightly from the prior week. There were 20 new… Continue reading The post 20 New Shale Well Permits Issued for PA-OH-WV May 1-7 first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

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Bad Guys Win: PA General Energy to Plug Grant Twp Injection Well

Since 2015 we’ve reported on the case of Grant Township (Indiana County, PA), a town that passed an ordinance cooked… Continue reading The post Bad Guys Win: PA General Energy to Plug Grant Twp Injection Well first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

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Epsilon Energy Expands Beyond PA Marcellus with Permian Investment

Epsilon Energy concentrates most of its effort on developing Marcellus Shale wells in Susquehanna County, PA–that is, until now (see… Continue reading The post Epsilon Energy Expands Beyond PA Marcellus with Permian Investment first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

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How Did M-U Gas Drillers Spend Their 2022 Record Haul of Cash?

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.

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Coterra Shifting Focus and $$ from Marcellus Gas to Permian Oil

This is precisely what we feared might happen and why we were against the merger of Cimarex Energy and Cabot… Continue reading The post Coterra Shifting Focus and $$ from Marcellus Gas to Permian Oil first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

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Seneca Well Site Accident in Elk County Spills 63K Gals. of Brine

Most water used for fracking new shale wells in Pennsylvania comes from produced water (i.e. brine)–from other shale wells. Produced… Continue reading The post Seneca Well Site Accident in Elk County Spills 63K Gals. of Brine first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

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Shell CEO Calls PA Cracker Plant Problems “Technical Niggles”

The Shell ethane cracker plant in Beaver County, PA (near Pittsburgh) has experienced a number of problems over the past… Continue reading The post Shell CEO Calls PA Cracker Plant Problems “Technical Niggles” first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

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Seneca Resources Buys Southwestern Assets in Tioga County, PA

National Fuel Gas Company (NFG), headquartered in Buffalo, NY, is the parent company for Marcellus/Utica driller Seneca Resources and the… Continue reading The post Seneca Resources Buys Southwestern Assets in Tioga County, PA first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

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Proxy Firm Spouts Off at CNX Annual Mtg; Paris Proposal Voted Down

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.

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Antis Use Wild Claims to Oppose PennEnergy Creek Water Request

The Pennsylvania Dept. of Environmental Protection (DEP) continues its delay, deny, and defend strategy with a PennEnergy Resources to draw… Continue reading The post Antis Use Wild Claims to Oppose PennEnergy Creek Water Request first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

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18 New Shale Well Permits Issued for PA-OH-WV Apr 24-30

New shale permits issued for Apr. 24-30 in the Marcellus/Utica fell from the prior week. There were 18 new permits… Continue reading The post 18 New Shale Well Permits Issued for PA-OH-WV Apr 24-30 first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

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