ECA Marcellus Trust I, the royalty interest holder in some of the wells drilled and maintained by Greylock Energy in Greene County, PA, announced yesterday that it will not issue a dividend to unitholders for the second quarter of 2024. The company paid 4.3 cents per unit in 1Q23, nothing in 2Q23, six-tenths of a…
Read More...The Ohio Oil and Gas Land Management Commission (OGLMC) continues to do its job. Yesterday, the group held a meeting and awarded five contracts for drilling and fracking UNDER (not on) several state-owned lands, including a contract with EOG Resources to drill under 85 acres in Keen Wildlife Area in Washington Township, Harrison County, for…
Read More...Sometimes, we are at a loss to explain the actions of “our side” (the fossil fuel industry). This is one of those times. Penn State University, in recent years, has become hostile to fossil energy and the shale fracking that pervades (and blesses) the state. Yet petrochemical giant Shell, with its $15 billion ethane cracker…
Read More...From Left to Right: Guy Coviello, Youngstown Chamber; Nick Ruppelt, Evolution Well Services; Hardy Murchison, Encino Energy; Gary Hauck, Vallourec (click for larger version) Encino Energy, which is Ohio’s No. 1 oil producer, and its vendors, recently announced over $105,000 in donations from the 2024 Encino Vendor Charity Classic. This year’s gathering was a two-day…
Read More...The mighty Shell ethane cracker plant in Monaca (Beaver County), PA, has a new person in charge: Emma Lewis, senior vice president of U.S. chemicals and products at Shell. We told you Lewis had replaced Hilary Mercer back in January (see Shell PA Cracker’s First Birthday – One Unit Still Not Online). Lewis splits her…
Read More...A Washington County, PA, man and his anti-fossil fuel lawyer have won the right to force Chevron executives to testify in court in a case where the man accuses Chevron of using PFAS (“forever chemicals”) in fracking fluids in 2011-2012 near his home. He alleges the chemicals spread to his water well and damaged his…
Read More...For the week of July 29 – August 4, a total of 20 permits were issued to drill new shale wells in Marcellus/Utica, with the vast majority issued in Ohio. The Buckeye State had 13 new permits, with seven going to EOG Resources split between Noble and Carroll counties. Four permits went to Encino Energy…
Read More...Ascent Resources, founded as American Energy Partners by gas legend Aubrey McClendon, is a privately held company focusing 100% on the Ohio Utica Shale. Ascent, headquartered in Oklahoma City, OK, is Ohio’s largest natural gas producer and the 8th largest natural gas producer in the U.S. The company issued its second quarter 2024 update on…
Read More...Here’s a court case that flew under the radar until now. It’s a case that has the potential to affect some drillers and some royalty owners in Ohio. Sabre Energy Corporation (the plaintiff) sued Gulfport Energy Corporation and Antero Resources Corporation (the defendants) for breach of contract. Sabre Energy owns Overriding Royalty Interests (ORRIs), or…
Read More...National Fuel Gas Company (NFG), headquartered in Buffalo, NY, is the parent company for Marcellus/Utica driller Seneca Resources and the parent of midstream company NFG Midstream (and subsidiary Empire Pipeline). Last week, NFG issued its latest quarterly update. During the quarter (considered the company’s third quarter), Seneca produced 96.5 Bcf (billion cubic feet) of natural…
Read More...Gulfport Energy, the third-largest driller in the Ohio Utica Shale (by the number of wells drilled), reported its second quarter 2024 numbers earlier this week. The company drills Utica and Marcellus wells in Ohio. It also has an active drilling program in the Oklahoma SCOOP shale play. Gulfport’s net daily production for 2Q24 averaged 1,050.1…
Read More...Writing for Hart Energy’s Oil and Gas Investor magazine, author Nissa Darbonne penned a fabulous overview of the Utica, bringing us the history of oil drilling in Ohio (in the 1800s) all the way up to the present day and Encino Energy’s dominance in oil drilling in the Utica. The article includes details about Encino…
Read More...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...Writing for Hart Energy’s Oil and Gas Investor magazine, author Nissa Darbonne penned a fabulous overview of the Utica, bringing us the history of oil drilling in Ohio (in the 1800s) all the way up to the present day and Encino Energy’s dominance in oil drilling in the Utica. The article includes details about Encino…
Read More...