Hope Gas is a Local Distribution Company (LDC) that provides gas service to approximately 125,000 residential, industrial, and commercial customers in thirty-five West Virginia counties. The company owns and maintains more than 6,900 miles of pipelines that safely deliver West Virginia natural gas to many homes and commercial or industrial sites. In September, Hope Gas…
Read More...The Baker Hughes U.S. rig count hit a new low for 2023 five weeks ago (see U.S. Rig Count Hits New 2023 Low – Loses 2 @ 616, M-U Even @ 40). Since then, the count has steadily added at least one rig each week and now stands at 626 active rigs as of Friday….
Read More...New shale permits issued for Nov 27 – Dec 3 in the Marcellus/Utica were much improved over the previous few weeks. There were 25 new permits issued last week versus 14 issued two weeks ago and just one new permit three weeks ago. So the trend is our friend! Last week’s permit tally included 15…
Read More...Greylock Energy is headquartered in Charleston, WV, with offices in West Virginia, Pennsylvania, Utah, and Wyoming and operations scattered throughout Appalachia and the Rockies. The company’s assets comprise more than 1.19 million acres, about 6,700 wells, including the operation of 4,000 wells throughout Appalachia (shale and conventional) and 2,600 miles of pipeline. Ryan Deaderick, executive…
Read More...The dead cat bounce bounced a little higher last week (i.e., the slight bounce a dead cat makes when it hits the ground). The rig count hit a new low for 2023 three weeks ago (see U.S. Rig Count Hits New 2023 Low – Loses 2 @ 616, M-U Even @ 40). Two weeks ago,…
Read More...A lawsuit of interest for all landowners is playing out in West Virginia between a class of landowners and EQT Corporation, the largest natural gas producer in the country. We searched our extensive archives high and low and found no mention of this lawsuit! Somehow, it has escaped our attention — until now. As these…
Read More...Yesterday, the Intermediate Court of Appeals for West Virginia issued an opinion in a case that had (until now) escaped our radar. Equinor, Norway’s state-owned oil and gas company (previously known as Statoil), said it had overpaid its severance tax bill in West Virginia for the years 2014 and 2016. Equinor said WV miscalculated the…
Read More...Score one for the good guys! We (collectively in the Conservative movement) have defeated Joe Manchin (Democrat) and his potential run for another term as Senator from West Virginia. Manchin, in our opinion, lost the moral authority to run again when he sold out the country and his fellow West Virginians by voting to approve…
Read More...New shale permits issued for Oct 30 – Nov 5 in the Marcellus/Utica saw a significant increase. It almost felt like old times again! There were 37 new permits issued last week, versus 26 the week before. Last week’s permit tally included 24 new permits in Pennsylvania, 11 new permits in Ohio, and 2 new…
Read More...In a court case that stretches back to 2019, Antero Resources, the biggest driller in West Virginia, challenged how its wells had been valued for tax purposes in Doddridge and Richie counties for 2016 and 2017. Antero said the combined value of its wells for those years should have been $1.488 billion. The state tax…
Read More...The U.S. rig count changed course again last week, dropping rigs after adding rigs (albeit anemically) for the prior three weeks in a row. The national rig count lost seven rigs last week — dropping to 618 active rigs — not only the lowest rig total this year but the lowest count since February 2022….
Read More...Clean Fuel Services LLC, a subsidiary of Hog Lick Aggregates LLC, is one of fourteen partner companies from West Virginia, Ohio, and Pennsylvania providing hydrogen production, offtake, and connective infrastructure for the Appalachian Regional Clean Hydrogen Hub (ARCH2) project. Clean Fuel’s role is to develop a hydrogen fuel depot in Fairmont (Marion County), WV, as…
Read More...New shale permits issued for Oct 23 – 29 in the Marcellus/Utica increased again. There were 26 new permits issued last week, versus 22 the week before. Last week’s permit tally included 18 new permits in Pennsylvania, 7 new permits in Ohio, and 1 new permit in West Virginia. Coterra Energy was the top permittee…
Read More...Of the dozens of projects spread across the seven regional hydrogen hub projects selected by the Bidenistas to receive $7 billion in taxpayer largesse, there is only one project (part of the Appalachian Regional Clean Hydrogen Hub (ARCH2) project) that actually brings hydrogen into people’s homes. That project is, according to Hope Gas CEO Morgan…
Read More...Equitrans Midstream issued its third quarter update yesterday. As you might expect, there was much talk about completing the nearly-done Mountain Valley Pipeline (MVP) project. Near the top of Equitrans’ 3Q official update is this comment from CEO Thomas Karam: “Once in-service, there is little doubt MVP will be one of the most valuable pipelines…
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