Perhaps our headline is slightly misleading. EOG is not the modern equivalent of Jed Clampett walking along and seeing crude bubbling up out of the ground (as in the fictional The Beverly Hillbillies show of the 1960s with the “Ballad of Jed Clampett” that says, “Oil that is, black gold, Texas tea.”). What EOG and…
Read More...According to the Pittsburgh Tribune-Review, Range Resources, the first driller to sink a Marcellus well back in 2004, has applied for and received a conditional use application to build three well pads in Fawn Township in Allegheny County, PA. The township secretary says a road into the property is now being built. Construction of the…
Read More...XTO Energy began to drill four shale wells in Prospect Borough, Butler County, PA, in 2019. At least one of the wells was drilled down to a depth of nearly 2,000 feet. At some point since that time, XTO decided not to finish the wells and filed a request to plug the wells. A Pennsylvania…
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...Shippers, including drillers, utility companies, and others that buy and sell natural gas, are now free to buy and sell producer-certified gas (PCG) or responsibly sourced gas (RSG) at all pooling points across the Tennessee Gas Pipeline (TGP) system following a decision by the U.S. Court of Appeals for the District of Columbia (DC Circuit)….
Read More...In November, the Municipal Authority of Westmoreland County (MAWC) issued a water conservation warning asking more than 56,000 MAWC customers to conserve water due to the lack of rainfall and the low level of the Beaver Run Reservoir (see Olympus, CNX Blocked from Using Reservoir Water for Fracking). MAWC provides water to more than 122,000…
Read More...Antero Resources is one of the largest drillers in the Marcellus/Utica (with major assets in West Virginia). As good and careful as companies like Antero are when hiring, sometimes there’s a rotten apple found in the barrel. Such was the case with a former employee who headed up the company’s operations in WV — where…
Read More...There were 18 new permits issued to drill in the Marcellus/Utica during the first full week of 2024 (Jan. 1-7), versus 24 permits issued for the final two weeks of last year (Dec. 18-31). Pennsylvania issued 9 new permits last week. Ohio issued just 1 — which was to drill a Marcellus (not a Utica)…
Read More...Even though separately (and together) Chesapeake Energy and Southwestern Energy own MORE assets in the Marcellus/Utica than in the Haynesville shale play, the main driver to do a merger between the two companies is the Haynesville and that play’s close proximity to LNG export facilities along the Gulf Coast. That is the conclusion of most…
Read More...Somewhat lost in yesterday’s big news of the Chesapeake/Southwestern merger (which sucked up most of the news oxygen) was an announcement by EQT Corporation, the current largest natural gas producer in the U.S. EQT unveiled a new 15-year deal with Glenfarne Energy’s Texas LNG export facility to liquefy 0.5 million tons per annum (MTPA) for…
Read More...Hyperion Midstream LLC, a subsidiary of Olympus Energy, is seeking a special exception to a Penn Township (Westmoreland County) zoning ordinance so it can build a six-generator compressor station along Wilderness Road over the next four years. Last night, Hyperion representatives and witnesses testified at a township zoning hearing in favor of the plan. Those…
Read More...This morning, Chesapeake Energy Corporation and Southwestern Energy Company announced that the two companies agreed to merge in an all-stock transaction valued at $7.4 billion, or $6.69 per share, based on Chesapeake’s closing price on January 10, 2024. Under the terms of the agreement, Southwestern shareholders will receive 0.0867 shares of Chesapeake common stock for…
Read More...Another noteworthy achievement for Seneca Resources, the wholly-owned shale drilling subsidiary of National Fuel Gas Company (NFG). All of Seneca’s natural gas production, approximately 1 billion cubic feet of natural gas per day (Bcf/d), has received an “A” letter grade under Equitable Origin’s EO100™ Standard for Responsible Energy Development certification. In August 2022, Seneca’s production…
Read More...For years, anti-fossil fuel haters have made the same false claims: Drilling and fracking will destroy the environment, contaminate your water, make you sick, and create death and destruction everywhere it’s tried. Then, a responsible driller, like Olympus Energy, comes along and drills wells not far from the lefties in Pittsburgh, and none of those…
Read More...Interest in and speculation about a potential mega-merger between Chesapeake Energy (CHK) and Southwestern Energy (SWN) continues to build. On Monday, MDN told you about a story in the Wall Street Journal citing sources who say a merger is close and could be announced this week (see Chesapeake & Southwestern Very Close to Announcing $17B…
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