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…
Read More...For the week of July 29 – August 4, a total of 20 permits were issued to drill new shale wells in Marcellus/Utica, with the vast majority issued in Ohio. The Buckeye State had 13 new permits, with seven going to EOG Resources split between Noble and Carroll counties. Four permits went to Encino Energy…
Read More...Southwestern Energy, with major assets in the Marcellus/Utica and Louisiana Haynesville, issued its second quarter update last week. You may recall that Southwestern agreed earlier this year to a deal to be acquired by and merged into Chesapeake Energy (see Deal is Done! Chesapeake & Southwestern Announce $7.4B Merger). Because of the impending merger, Southwestern…
Read More...In January 2020, the Pennsylvania Supreme Court ruled in THE most consequential lawsuit for Marcellus Shale drilling we’ve seen, a case called Briggs v Southwestern Energy (see HUGE NEWS: PA Supreme Court Keeps ‘Rule of Capture’ for Fracking). The PA Supremes ruled in favor of Southwestern, retaining the “rule of capture” in the Keystone State….
Read More...While oil-focused and large diversified drillers in the U.S. made healthy profits during the first quarter of this year (January through March), such was not the case for natural gas-focused drillers. RBN Energy tracks 43 exploration and production (E&P) companies that are publicly traded and reports of those 43 that the 16 oil-focused and 15…
Read More...Permits issued in the Marcellus/Utica continue to bounce up and down. One month ago, there were 26 new permits in the M-U for a one-week period. Three weeks ago, 16 new permits were issued. Two weeks ago, just ten new permits were issued. And last week, May 13-19, the number increased to 16, but only…
Read More...Two weeks ago, during the week of April 15 – 21, there were 16 new permits issued to drill in the Marcellus/Utica. Last week, for the week of April 22 – 28, there were 26 new permits issued. Finally! A little good news on the permit front. Snyder Brothers took the top prize with eight…
Read More...There were 16 new permits issued to drill in the Marcellus/Utica during the week of Mar. 11 – 17, down 3 from 19 permits issued the prior week. Pennsylvania issued 9 new permits. Ohio issued 4 new permits. And West Virginia issued 3 new permits. Penn Production Group (PPG) and EOG Resources tied for most…
Read More...The highly functional and responsible Susquehanna River Basin Commission (SRBC), unlike its completely dysfunctional and irresponsible cousin, the Delaware River Basin Commission (DRBC), continues to support the shale energy industry by approving water withdrawals for responsible and safe shale drilling. Last Thursday, the SRBC approved 23 new water withdrawal requests within the basin, eight of…
Read More...In early January, Chesapeake Energy and Southwestern Energy, two companies with major assets in the country’s two leading gas plays — the Marcellus/Utica and the Haynesville — announced an agreement to merge into one company (see Deal is Done! Chesapeake & Southwestern Announce $7.4B Merger). Such a merger would create the country’s largest natural gas…
Read More...Gobsmacked. That’s how we felt when we discovered how much land Southwestern Energy (with major assets in the Marcellus/Utica and in the Haynesville) has under lease in the Canadian province of New Brunswick. We had seen an occasional mention by Southwestern that it owns acreage in Canada (see Southwestern Energy Refocuses from Fayetteville to Marcellus/Utica),…
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