We don’t write much about Alta Resources, a shale drilling company co-founded by the inventor of shale fracking, George Mitchell. But that doesn’t mean Alta doesn’t drill in the Marcellus. The company owns some 547,000 gross (239,000 net) acres producing natural gas from approximately 900 wells in the Marcellus Shale across Bradford, Wyoming, Sullivan, Lycoming,
Read More...On Joe Biden’s first day in occupying the White House, he signed an Executive Order (EO) suspending new oil and gas leasing while the Interior Department reviews existing leases and permitting practices for 60 days. The aim is to make the federal lease ban permanent. However, some permits on existing leases will continue to be
Read More...Northern Oil and Gas, Inc., a company that invests in non-operated oil and gas assets (they let others do the drilling), announced yesterday it has purchased 64,000 net acres producing ~120 MMcfe/d (million cubic feet equivalent per day) in the Marcellus/Utica from Reliance Industries Limited (RIL). The cash purchase price is $250 million.This post appeared
Read More...Chesapeake Energy will emerge from Chapter 11 bankruptcy next week having dumped $7 billion of old debt (out of $8.9 billion) and taking on $2.5 billion in new debt financing (see Court Approves Chesapeake Bankruptcy Plan to Dump $7B of Debt). Yesterday the company issued an announcement to say it is raising $1 billion of
Read More...Zenith Energy, based in Houston, TX and Metuchen, NJ, announced yesterday it has purchased the bulk terminal storage operations of Guttman Energy in three locations: Aurora, Ohio, Belle Vernon, Pennsylvania, and Star City, West Virginia. Zenith says the reason for buying the terminals is to support customers in the Marcellus/Utica. What, exactly, is Zenith selling to
Read More...George StarkDirector, External AffairsCabot Oil & Gas … .. [Editor’s Note: Methane leak reduction is a priority for Cabot Oil & Gas and the company uses an OGI camera to detect and eliminate those leaks.] Have you ever wondered how gas leaks are detected while in the field? We rely on the use of an
Read More...All three M-U states received permits to drill new shale wells last week. Pennsylvania received 22 new permits. Ohio received 2 new permits. And West Virginia received 8 new permits.This post appeared first on Marcellus Drilling News.
Read More...Pennsylvania’s state agencies and local governments are starting to feel the impact of low natural gas prices and little new drilling as they rely on funding from these activities, according to The Morning Call. Pennsylvania’s conservation and environmental protection departments are already warning of significantly less revenue from natural gas royalties and drilling permits. Simultaneously, low natural
Read More...On Friday the Federal Energy Regulatory Commission (FERC) granted its approval to Williams to begin construction on the Leidy South Project in central Pennsylvania. The purpose of the Leidy South Project, which is part of the mighty Transco pipeline, is to connect robust supplies of natural gas in the Marcellus and Utica producing regions in
Read More...Who are the top shale drillers in Pennsylvania, as ranked by the number of shale gas wells drilled in total, to date, from the beginning of the shale play when Range Resources drilled the very first Marcellus well in 2004? It won’t surprise you to learn that Range itself is in the top 5. It’s
Read More...Tom ShepstoneShepstone Management Company, Inc. … Job Killer Joe is making it difficult, but oil and gas jobs are out there and NaturalGasNOW is making sure you know about them! The dictatorship of Job Killer Joe, who immediately wiped out thousands of Keystone Pipeline jobs by Executive Order, is causing pipeliners real pain and we
Read More...Well, this is a bummer. Dave Spigelmyer, someone we consider to be a friend, is retiring from the Marcellus Shale Coalition (MSC) effective today. He will be replaced by MSC board member Dave Callahan, who officially takes over on Monday. Spigelmyer has been president (the second president of the MSC) since 2013. He took over
Read More...Invoking the words “coronavirus” and “COVID-19” like a magical talisman, Pennsylvania’s far-left, bumbling governor, Tom Wolf, has for the seventh year in a row issued a budget proposal that won’t pass because it includes a Marcellus-killing severance tax on top of the existing severance tax (called an impact “fee”). Every year the urgent/critical reason changes
Read More...Clean Energy Doesn’t Happen Without Natural Gas! Tom ShepstoneShepstone Management Company, Inc. … … The Biden Administration is a big green jobs killer intent upon on courting the special interests of blue blood elites. Blue collar workers in America now know who their friends are and they do not include the Biden Administration, which has
Read More...Rick HidukManaging Editor of EndlessMtnLifestyles.com … .. [Editor’s Note: Eastern Freight Systems is donating trailers to the Susquehanna County Career and Technology Center CDL Training Center.] With northeast Pennsylvania already serving as a major national trucking hub for freight distribution, the development of the nearby Marcellus shale revealed a serious gap in the number of certified
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