For the week of Oct 27 – Nov 3, there were 13 permits issued to drill Marcellus/Utica wells, down from 17 permits issued the prior week. The Keystone State (PA) had just three new permits, one each for EQT, Range Resources, and Snyder Brothers (three different counties). The Buckeye State (OH) issued no new permits…
Read More...The country’s new #1 natural gas producer, Expand Energy (formed from the merger of Chesapeake Energy and Southwestern Energy), disclosed its third quarter update yesterday. While Expand has major operations in the Marcellus/Utica, it also has major operations in Haynesville. Right now, the company is giving double the love to the Haynesville as it is…
Read More...In September, the Executive Director of the Susquehanna River Basin Commission (SRBC) renewed 20 water-use permits for individual shale gas well drilling pads in Bradford, Clearfield, Lycoming, Sullivan, and Susquehanna counties. We’re just learning of the action via an official notice published in the Oct. 26 edition of the Pennsylvania Bulletin. The approvals, which are…
Read More...For the week of Oct 14 – 20, there were 14 permits issued to drill Marcellus/Utica wells, up from 10 permits issued the prior week. The Keystone State (PA) had just four new permits (down from six the previous week), with three going to Southwestern Energy (now Expand Energy) in Susquehanna County and one for…
Read More...There were 20 permits issued to drill new shale wells in Marcellus/Utica for the week of Sept. 30 – Oct. 6, down eight from the 28 issued the prior week. The Keystone State (PA) had eight new permits, with five going to Southwestern Energy (now Expand Energy following a merger with Chesapeake) in both Susquehanna…
Read More...There were 28 permits issued to drill new shale wells in Marcellus/Utica for the week of Sept. 23 – 29, down slightly from the 32 issued the prior week. The Keystone State (PA) had 15 new permits, with seven of them going to Range Resources, most of them in Washington County. Three permits were issued…
Read More...Move over EQT Corporation, there’s a new number one natural gas producer in the U.S. Yesterday, Chesapeake Energy announced that its buyout of and merger with Southwestern Energy in a $7.4 billion deal was completed. The newly merged company was renamed Expand Energy Corporation and will begin trading on the NASDAQ stock market today under…
Read More...It’s the end of an era. Chesapeake Energy was founded in 1989 by Aubrey McClendon and Tom L. Ward with an initial investment of $50,000. The flamboyant McClendon, who became the CEO, named the company after the Chesapeake Bay due to his love of the region. He rapidly grew his company, headquarter in Oklahoma City,…
Read More...There were 15 permits issued to drill new shale wells in Marcellus/Utica for the week of Sept. 9 – 15, up one from the previous week. The Keystone State (PA) had six new permits, and all six went to EQT for a single well pad in Greene County. The Buckeye State (OH) had nine new…
Read More...In January, Chesapeake Energy, now helmed by Nick Dell’Osso, announced a deal to buy out and merge with competitor Southwestern Energy for $7.4 billion (see Deal is Done! Chesapeake & Southwestern Announce $7.4B Merger). In April, the Bidenistas at the Federal Trade Commission (FTC) and Dept. of Justice (DOJ) sent the dreaded “Second Request” for…
Read More...For the week of Sept. 2 – 8, 14 permits were issued to drill new shale wells in Marcellus/Utica, less than half the previous week’s 32. The Keystone State (PA) had 13 new permits. PA’s top recipient was Seneca Resources, with six permits issued in Tioga County. Range Resources was #2 with four permits for…
Read More...The Ohio Department of Natural Resources (ODNR) released production numbers for the second quarter of 2024 yesterday. The story the numbers tell continues to be about Utica oil, which continues to rise each quarter. Ohio’s total oil production during 2Q24 was 8.01 million barrels, up 23% from 2Q23’s 6.5 million barrels and up 11% from…
Read More...For the week of Aug. 26 – Sept. 1, a total of 32 permits were issued to drill new shale wells in Marcellus/Utica, nearly matching the previous week’s 34. It’s nice to see the numbers returning to higher levels. The Keystone State (PA) had 18 new permits. PA’s top recipient was EQT (and its subsidiary…
Read More...There’s just no way to sugarcoat the fact that the low low price for natural gas is having an impact on shale drillers in the Marcellus/Utica. According to an analyst with RBN Energy, a price plunge to near the $2/MMBtu level in early 2023 “crippled” financial results for the companies RBN monitors that are gas-focused…
Read More...This week’s permit report is a bit different. Technically, for the week of August 12 – 18, a total of seven new permits were issued across the Marcellus/Utica. However, last week’s permit report omitted West Virginia numbers because the state’s online data service was out of order (see 26 New Shale Well Permits Issued for…
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