In November, MDN told you that Diversified Energy and EQT Corporation had settled a class action lawsuit originally brought by several West Virginia landowners (see EQT, Diversified Settle WV Class Action Lawsuit re Old Wells). Diversified and EQT are ponying up $3.25 million each ($6.5 million total) with requirements for Diversified to plug more wells…
Read More...The Baker Hughes national rig count dramatically increased two weeks ago, adding seven rigs for a national count of 589 (see OH Drops 1, PA Adds 1 Rig; National Rig Count Soars, Adds 7 @ 589). Last week, the national count didn’t change, and we are holding on to the gains made the previous week…
Read More...Yesterday, the U.S. Energy Information Administration (EIA) reported five states produced more than 70% of the record 113.1 billion cubic feet per day (Bcf/d) of U.S. marketed natural gas production in 2023. Two of the five were in the Marcellus/Utica: Pennsylvania (18% of the country’s gas) and West Virginia (8% of the country’s gas). We…
Read More...Pennsylvania assesses an impact fee (PA’s version of a severance tax) on shale drillers, raising revenues that are paid to local municipalities and the black hole of Harrisburg politicians. Yesterday, the PA Independent Fiscal Office (IFO) issued an estimate for how much the impact fee will raise this year, which will be distributed next year….
Read More...One month ago, we brought you the news that Diversified Energy and EQT Corporation had settled a class action lawsuit originally brought by several West Virginia landowners (see EQT, Diversified Settle WV Class Action Lawsuit re Old Wells). There is the money aspect of the lawsuit, a payout of up to $6.5 million (subject to…
Read More...The Baker Hughes national rig count dramatically increased last week, adding seven rigs for a national count of 589. Note that the national count continues to be rangebound between 581 and 589 since June (except for Sep. 13, when it hit 590 for a single week). Will we break out of the rut and go…
Read More...Hart Energy has published a number of articles highlighting companies and key people in the Marcellus/Utica region. Hart has an ongoing series called Hart Energy’s Hall of Fame to honor industry pioneers and the Agents of Change (ACEs) who are leading the energy sector into the future. A recent Hall of Fame article highlights one…
Read More...Did we nail it, or did we NAIL it? Two days ago, the Josh Shapiro Department of Environmental Protection (DEP) puffed out its chest to announce it was donating $600,000 to 12 leftist organizations to promote “environmental justice” (EJ) in Pennsylvania (see PA Gov. Shapiro’s DEP Blows $600,000 on “Enviro Justice” Grants). EJ is anti-drilling…
Read More...Come and get it! Only ten companies have applied to plug 77 orphaned wells in Pennsylvania as part of $44.4 million allocated for PA’s Methane Emissions Reduction Program (MERP) grant program. By our calculations, more than $41 million remains in the pot unclaimed. However, the clock is ticking. There is a Dec. 16 deadline to…
Read More...There is no excerpt because this is a protected post. The post PA Gov. Shapiro’s DEP Blows $600,000 on “Enviro Justice” Grants first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...Yesterday, the Pennsylvania Independent Fiscal Office (IFO) released its latest quarterly Natural Gas Production Report for July through September 2024 (full copy below). There were 63 new horizontal wells spud (drilled) in 3Q24, the same exact number as in 2Q24, but 3Q’s number was a decrease of 39 wells (-38%) compared to the third quarter…
Read More...According to an extensive report appearing on the World Oil website (and in the November issue of the magazine), multiple possible futures lie ahead for the Marcellus and Utica shales. So, which future will come to pass? Today, both industry and government see the Marcellus and Utica formations as tremendous opportunities for companies and state…
Read More...The Baker Hughes national rig count dropped another rig last week and now sits at 582. The national count continues to be rangebound between 581 and 589 since June. Slicing the national count slightly differently—by oil-focused vs. gas-focused rigs—oil rigs fell by two to 477 last week, their lowest since July, while gas rigs rose…
Read More...The Pennsylvania Department of Environmental Protection (DEP) is aiding and abetting radical environmental groups in circumventing the state legislature. In what amounts to a classic leftist “sue-and-settle” case, radical environmental groups (including the Clean Air Council and Environmental Integrity Project) petitioned the state Environmental Quality Board (EQB), asking the board to amend 25 Pa. Code…
Read More...click for larger version Shell’s 97-mile Falcon ethane pipeline, which feeds 100,000 barrels a day of Marcellus/Utica ethane to the mighty cracker plant in Beaver County, PA, was built and running as of January 2021, well before the cracker itself was finished (see Shell Cracker Construction “in the Home Stretch” – Ready in 2022). Ironically,…
Read More...