The big news (for us) with the weekly Baker Hughes rig count is that last week, Pennsylvania laid down its use of three active drilling rigs, resulting in the lowest rig count in the state in 2 1/2 years. PA now operates 18 active rigs, down from 21 the week prior. The last time PA…
Read More...Earlier this month, MDN brought you the important news that just one month after the mighty Mountain Valley Pipeline (MVP) went online, natural gas production in the State of West Virginia increased more than 9% (see WV Marcellus Production Up 9.5% in One Month Thanks to MVP). We now have data for another full month of…
Read More...Here’s a lawsuit that flew under our radar — until now. Several landowners in West Virginia sued Jay-Bee Oil & Gas, alleging “improper royalty deductions” were made from royalty checks for post-production work from 2010 to 2023. The landowners (their lawyers) convinced a court to turn the lawsuit into a class action. Jay-Bee denies the…
Read More...MDN has an exclusive update on a lawsuit by several West Virginia surface landowners who are suing Diversified Energy over Diversified’s failure to plug their unproducing conventional wells. At the prompting of the Sierra Club, the landowners attempted to turn the lawsuit into a class action. Yesterday, a federal judge for the U.S. District Court…
Read More...We spotted an article on the always-excellent NGI website (the Daily Gas Price Index) that said exploration and production (E&P) permitting activity shows a “summer slump” in natural gas plays, including in the Marcellus/Utica. The information in the article is from data compiled by Enverus and Evercore ISI. So, we decided to review our weekly…
Read More...U.S. Senator Joe Manchin from West Virginia (aka Traitor Joe) spoke to the Pittsburgh Business Times Wednesday afternoon about a bill he and Republican Sen. John Barrasso (from Wyoming) recently introduced, the Energy Permitting Reform Act of 2024 (see Barrasso, Manchin Release Bipartisan Energy Permitting Reform Bill). Manchin told PBT reporter Paul Gough he thinks…
Read More...In late 2021, Diversified Energy (formerly Diversified Gas & Oil) announced it had purchased Next LVL Energy, a well-plugging company that concentrates on plugging mainly old conventional oil and gas wells in Appalachia (see Diversified Energy Buys Well-Plugging Co. Next LVL Energy). Next LVL was headquartered in the Pittsburgh region. In early 2023, Diversified moved…
Read More...In June 2018, MDN exclusively brought our readers the news that Diversified Gas & Oil (now called Diversified Energy) had purchased EQT Corporation’s Huron Shale assets, with a bunch of conventional wells, in Kentucky, Virginia, and West Virginia for $575 million (see Diversified Gas & Oil Adds to Conventional Assets in KY, VA, WV). A…
Read More...On Friday, June 14, the 303-mile Mountain Valley Pipeline (MVP) that runs from Wetzel County, WV, to Pittsylvania County, VA, announced the pipeline had, after a decade of planning and building, finally begun to flow Marcellus/Utica molecules (see Confirmed: M-U Gas Now Flowing Through Mountain Valley Pipeline). The effect of the molecules flowing through MVP…
Read More...Operators and investors are more concerned than ever about the remaining inventory of drillable locations. Who has it? Where is it? Will it be economic? The North American inventory rankings by shale play are always of interest. Enverus Intelligence Research (EIR), a subsidiary of Enverus, recently issued a report that ranks the plays by the…
Read More...The future is much brighter for natural gas producers in West Virginia because of the completion and operation of the 303-mile Mountain Valley Pipeline (MVP), which stretches from Wetzel County, WV, in northern West Virginia, to Pittsylvania County, VA, in southern Virginia. In a recent appearance on the MetroNews Talkline radio program in WV, Marcellus…
Read More...On Friday, Equitrans Midstream, the builder and majority owner of the 303-mile Mountain Valley Pipeline (MVP) that runs from Wetzel County, WV, to Pittsylvania County, VA, announced the pipeline has, after a decade of planning and building, finally begun to flow Marcellus/Utica molecules. Who is buying those molecules? We know of at least one company….
Read More...Yesterday, MDN brought you the great news that the Federal Energy Regulatory Commission (FERC) had given permission to Mountain Valley Pipeline (MVP) late Tuesday to begin service along the 303-mile natural gas pipeline from northern West Virginia to southern Virginia (see FERC Grants Permission to Mountain Valley Pipeline to Start Flowing). As the reality of…
Read More...Wonder of wonders. Yesterday, the Federal Energy Regulatory Commission (FERC) granted its permission for the 303-mile Mountain Valley Pipeline (MVP) to begin flowing natural gas. YES!!!! We are elated! Finally, nine years after MVP filed for permission to build, the pipeline is now (or soon will be) flowing Marcellus/Utica gas to the Southern U.S. This…
Read More...Is today the day we’ve been waiting and writing about for the past nine years? Possibly! Yesterday, Mountain Valley Pipeline (MVP), the 303-mile, 2 Bcf/d pipeline from Wetzel County, WV, to Pittsylvania County, VA, filed a request with the Federal Energy Regulatory Commission (FERC) to say the pipeline is now mechanically complete, meaning the pipeline…
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