After remaining at the same level for five weeks in a row, the Baker Hughes U.S. rig count lost five rigs last week, dropping from 589 to 584. The Marcellus/Utica rig count was a combined 34 last week—the same number for five weeks in a row. PA has operated 15 rigs for the past nine…
Read More...For the week of Dec 30 – Jan 5, permits issued in the Marcellus/Utica rebounded from holiday lows. There were 30 new permits issued last week, up from just 12 issued the week before. The Keystone State (PA) issued nine new permits, with six going to Range Resources in Allegheny County and three to EQT,…
Read More...We never cease to marvel at the genius of the oil and gas industry and those who seek to find better ways to drill. According to an Oil and Gas Investor article examining major shale play trends, drillers across the Lower 48 are drilling U-shaped double-long laterals, finding lower-cost new-well inventory in the acreage they…
Read More...The end of the year and the beginning of a new year are times when many publications reflect on what was and what may be. A recent article by Hart Energy’s Oil and Gas Investor magazine tackled the topic of what may lie ahead for the Marcellus/Utica region over the next couple of years. The…
Read More...The venerable Baker Hughes national rig count was 589 active rigs last week—which is FIVE weeks in a row. Very unusual. The Marcellus/Utica rig count was a combined 34 last week—the same number for FOUR weeks in a row. The national count remains rangebound between 581 and 589 since June 2024 (except for Sep. 13,…
Read More...It’s always a red-letter day here at MDN HQ when we happen across a new pipeline project in the Marcellus/Utica region. Today is one of those days! Eastern Gas Transmission and Storage, a subsidiary of billionaire Warren Buffett’s Berkshire Hathaway Energy (BHE), filed a new project with the Federal Energy Regulatory Commission (FERC) in December…
Read More...Last August, MDN told you that the Appalachian Regional Clean Hydrogen Hub (ARCH2) officially received its first $30 million from the Bidenistas (see EQT & Others Enter “Phase 1” of Hydrogen Hub; DOE Cuts $30M Check). ARCH2 is getting $925 million from a $7 billion pot. ARCH2, one of seven projects to win approval, was…
Read More...For the week of Dec 23 – 29, permits issued in the Marcellus/Utica took a dive, which isn’t surprising given it was the end of the year. There were only 12 new permits issued for Dec. 23 – 29, less than half the 27 issued the week before. The Keystone State (PA) issued seven new…
Read More...A leftist anti-fossil group calling itself Protect PT (Penn-Trafford), located in Westmoreland County, PA, backed with big money from Big Green groups, has for years challenged Penn Township ordinances that allow Apex Energy and Huntley & Huntley (now Olympus Energy) to drill and operate shale wells. Protect PT finally struck out (legally) at the Pennsylvania…
Read More...In typical sleazy politician fashion, PA’s Democrat Governor, Josh Shapiro, is blaming someone else (the PJM grid operator, in this case) for problems that he and his predecessor have created. Shapiro recently filed a complaint with the Federal Energy Regulatory Commission (FERC) alleging PJM is mismanaging the grid and using inflated numbers that will cause…
Read More...We’ll be blunt. Incoming Republican Attorney General Dave Sunday is already a disappointment for us. He recently posted details of his transition team to a special website. The co-chair of the transition effort is former RINO Governor Tom Corbett. That’s one strike. While there are several good members on the Energy & Environment Committee, Corbett…
Read More...For the week of Dec 16 – 22, permits issued in the Marcellus/Utica remained healthy. There were 27 new permits issued last week, up from 22 issued the week before. In something of an unusual twist, the Keystone State (PA) issued just four new permits, all of them to different drillers. PennEnergy Resources’ permit was…
Read More...This is an interesting pattern we’ve not seen in a long time for the venerable Baker Hughes rig count. The national rig count and the count for the Marcellus/Utica remained the same for multiple weeks in a row. The national count was 589 active rigs last week (now four weeks in a row). The M-U…
Read More...In January 2024, MDN brought you the news that the Pennsylvania Dept. of Environmental Protection (DEP) approved a plan by Catalyst Energy to convert an existing conventional gas production well on Route 646 in Cyclone (Keating Township, McKean County, PA) into a shale wastewater injection well (see PA DEP Approves Shale Wastewater Injection Well in…
Read More...The Baker Hughes national rig count dramatically increased three weeks ago, adding seven rigs for a national count of 589 (see OH Drops 1, PA Adds 1 Rig; National Rig Count Soars, Adds 7 @ 589). For the past three weeks, we have held on to the gains made (still at 589), including last week….
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