9 New Shale Well Permits Issued for PA-OH-WV Sep 26-Oct 2

Just nine new permits to drill shale wells were issued across the three Marcellus/Utica states for Sept. 26 to Oct…. Continue reading The post 9 New Shale Well Permits Issued for PA-OH-WV Sep 26-Oct 2 first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

Read More...

30 New Shale Well Permits Issued for PA-OH-WV Sep 19-25

Last week the three states with active Marcellus/Utica drilling, Pennsylvania, Ohio, and West Virginia, issued a collective 30 new drilling… Continue reading The post 30 New Shale Well Permits Issued for PA-OH-WV Sep 19-25 first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

Read More...

19 New Shale Well Permits Issued for PA-OH-WV Aug 22-28

Last week the three states with active Marcellus/Utica drilling, Pennsylvania, Ohio, and West Virginia, issued a collective 19 new drilling… Continue reading The post 19 New Shale Well Permits Issued for PA-OH-WV Aug 22-28 first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

Read More...

How Did M-U Drillers Spend All Their Extra Cash in 2Q22?

Drillers (exploration and production companies, or E&Ps) were thrilled with record-high earnings and cash flow in the second quarter of… Continue reading The post How Did M-U Drillers Spend All Their Extra Cash in 2Q22? first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

Read More...

45 New Shale Well Permits Issued for PA-OH-WV Aug 15-21

After several weeks of anemic permit numbers for Pennsylvania, last week PA came roaring back by issuing 30 permits to… Continue reading The post 45 New Shale Well Permits Issued for PA-OH-WV Aug 15-21 first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

Read More...

Marcellus/Utica Drillers Reimburse Stockholders as Cash Piles Up

Wow! What a difference two years can make. At the dawn of the pandemic, the share price for publicly traded… Continue reading The post Marcellus/Utica Drillers Reimburse Stockholders as Cash Piles Up first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

Read More...

Range Resources Remains Focused on M-U, Not Looking at Other Plays

Not all that long ago Cabot Oil & Gas (now Coterra Energy), Southwestern Energy, BKV Corporation, and Diversified Energy were… Continue reading The post Range Resources Remains Focused on M-U, Not Looking at Other Plays 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 Jun 20-26

Last week, for June 20-26, the number of new permits issued to drill in the Marcellus/Utica decreased just a bit… Continue reading The post 29 New Shale Well Permits Issued for PA-OH-WV Jun 20-26 first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

Read More...

20 New Shale Well Permits Issued for PA-OH-WV May 30-Jun 5

Two weeks ago a pathetically low six new permits were issued to drill shale wells across Pennsylvania, Ohio, and West… Continue reading The post 20 New Shale Well Permits Issued for PA-OH-WV May 30-Jun 5 first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

Read More...

Range 2020 Update: Drilled 67 Wells, Avg 2.2 Bcf/d, Lost $712M

Range Resources issued its fourth-quarter and full-year 2020 update yesterday. Range was the very first driller to sink a Marcellus well, back in 2004. The company currently owns ~460,000 acres in the M-U, most of it in the “wet gas” region which produces higher-profit NGLs. Range made $38 million in net profit during 4Q20, but

Read More...

PA DEP Shakes Down Range $294K for Unplugged Conventional Wells

The Pennsylvania Dept. of Environmental Protection (DEP) is once again spinning an error by a major Marcellus driller, Range Resources, as some sort of evil plot to avoid and defraud the DEP. Due to a mistake by a former employee, Range misclassified 42 old conventional wells on acreage it owns and did not plug the

Read More...

US Well Locks in Long-Term E-Fracking Contracts with Range, EQT

In a pair of announcements earlier this week, U.S. Well Services announced it has signed new long-term deals with both Range Resources and EQT to supply “electric fracking” services. We told you in February 2020 that Range had signed on with U.S. Well Services to continue using its electric fracking service (see Range Resources Converts

Read More...

M-U Companies Must “Walk the ESG Walk” to Get Investment Money

click for larger version On Wednesday, Hart Energy held its annual DUG (Developing Unconventional Gas) East event. This year the event was virtual instead of in-person at the convention center in Pittsburgh. One acronym seemed to be on the lips of nearly every speaker at this year’s event: ESG, which stands for “environment, social, governance.”

Read More...

Weekly Shale Drilling Permits for PA, OH, WV: Nov. 23-27

Last week Pennsylvania issued 12 new shale well drilling permits with a mix of permits issued in both the southwest (wet gas) and northeast (dry gas) regions of the state. Ohio issued 7 new permits, all of them except one in the same county (Jefferson). West Virginia was a goose egg–no new permits issued last

Read More...