How M-U Drillers Spent Discretionary (Extra) Cash Flow in 1Q23

For individuals, discretionary income is what’s left after you pay your taxes and fixed costs like housing, food, and clothing. For shale drillers, the equivalent to discretionary income is cash flow from operating activities (CFOA), which is the net income a company generates adjusted for non-cash expenses like depreciation and stock-based compensation, and for changes

Read More...

25 New Shale Well Permits Issued for PA-OH-WV May 29-Jun 4

New shale permits issued for May 29-Jun 4 in the Marcellus/Utica finally went higher again last week. There were 25 new permits issued, up from the dismal 8 new permits issued the previous week. Last week’s permit tally included 13 new permits for Pennsylvania, 6 new permits for Ohio, and 6 new permits in West

Read More...

Who Bought and Who Sold the Most Shares of M-U Drillers in 1Q23

It’s possible to track which institutional investors (big investors like BlackRock) are buying or selling shares in various companies by… Continue reading The post Who Bought and Who Sold the Most Shares of M-U Drillers in 1Q23 first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

Read More...

8 New Shale Well Permits Issued for PA-OH-WV May 22-28

New shale permits issued for May 22-28 in the Marcellus/Utica fell again for a second week. There were only 8… Continue reading The post 8 New Shale Well Permits Issued for PA-OH-WV May 22-28 first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

Read More...

12 New Shale Well Permits Issued for PA-OH-WV May 15-21

New shale permits issued for May 15-21 in the Marcellus/Utica took a substantial hit. There were only 12 new permits… Continue reading The post 12 New Shale Well Permits Issued for PA-OH-WV May 15-21 first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

Read More...

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.

Read More...

25 New Shale Well Permits Issued for PA-OH-WV Apr 17-23

New shale permits issued for Apr. 17-23 in the Marcellus/Utica picked up five from the prior week. There were 25… Continue reading The post 25 New Shale Well Permits Issued for PA-OH-WV Apr 17-23 first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

Read More...

Range Resources 1Q Update – The Marcellus Future is Very Bright

Yesterday Range Resources Corporation issued its first quarter 2023 update and held a conference call with analysts. On the call,… Continue reading The post Range Resources 1Q Update – The Marcellus Future is Very Bright first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

Read More...

$8 Billion in Free Cash Flow for Shale Gas Drillers “Off the Table”

Free cash flow (FCF) refers to a company’s available cash repaid to creditors and as dividends and interest to investors…. Continue reading The post $8 Billion in Free Cash Flow for Shale Gas Drillers “Off the Table” first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

Read More...

21 New Shale Well Permits Issued for PA-OH-WV Mar 27-Apr 2

New shale permits issued for Mar. 27-Apr. 2 in the Marcellus/Utica dropped quite a bit from the prior week. There… Continue reading The post 21 New Shale Well Permits Issued for PA-OH-WV Mar 27-Apr 2 first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

Read More...

32 New Shale Well Permits Issued for PA-OH-WV Mar 20-26

New shale permits issued for Mar. 20-26 in the Marcellus/Utica dropped by two from the prior week. There were 32… Continue reading The post 32 New Shale Well Permits Issued for PA-OH-WV Mar 20-26 first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

Read More...

29 New Shale Well Permits Issued for PA-OH-WV Feb 20-26

New shale permits issued for Feb. 20-26 in the Marcellus/Utica slide lower last week. There were 29 new permits issued… Continue reading The post 29 New Shale Well Permits Issued for PA-OH-WV Feb 20-26 first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

Read More...

Range Resources Addresses Pioneer M&A Rumor on 4Q Conference Call

Range Resources Corporation, the very first driller to sink a Marcellus shale well back in 2004 in western Pennsylvania, issued… Continue reading The post Range Resources Addresses Pioneer M&A Rumor on 4Q Conference Call first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

Read More...

Rumor: Oil Driller Pioneer Negotiating to Buy Range Resources

The rumor mill kicked into overdrive on Friday when Bloomberg published an article saying Pioneer Natural Resources Co., one the… Continue reading The post Rumor: Oil Driller Pioneer Negotiating to Buy Range Resources first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

Read More...

35 New Shale Well Permits Issued for PA-OH-WV Feb 13-19

New shale permits issued for Feb. 13-19 in the Marcellus/Utica remained elevated last week. There were 35 new permits issued… Continue reading The post 35 New Shale Well Permits Issued for PA-OH-WV Feb 13-19 first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

Read More...