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29 New Shale Well Permits Issued for PA-OH-WV Feb 20-26

New shale permits issued for Feb. 20-26 in the Marcellus/Utica slide lower last week. There were 29 new permits issued in total last week (down from 35 the week before), including 24 new permits for Pennsylvania, no new permits for Ohio, and five new permits issued in West Virginia. Last week the top receiver of new permits by far was the largest natural gas driller in the country, EQT Corporation, with 20 new permits split between Greene and Washington counties in southwestern PA.
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35 New Shale Well Permits Issued for PA-OH-WV Feb 13-19

New shale permits issued for Feb. 13-19 in the Marcellus/Utica remained elevated last week. There were 35 new permits issued in total last week (down slightly from 40 the week before), including 27 new permits for Pennsylvania, three new permits for Ohio, and five permits issued in West Virginia. Last week the top receiver of new permits was Coterra Energy, with 13 new permits for Susquehanna County, PA. The number two permittee was Apex Energy with five permits in Westmoreland County, PA.
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40 New Shale Well Permits Issued for PA-OH-WV Feb 6-12

New shale permits issued for Feb. 5-12 in the Marcellus/Utica increased nicely last week. There were 40 new permits issued in total last week, including 25 new permits for Pennsylvania, 11 new permits for Ohio, and four permits issued in West Virginia. The week before, there were only 26 new permits issued. Last week the top receiver of new permits was Seneca Resources, with six new permits for Tioga County, PA. Coterra Energy received five permits for Susquehanna County, PA. In Ohio, Encino Energy and Ascent Resources both received four new permits–in Carroll and Harrison counties, respectively.
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26 New Shale Well Permits Issued for PA-OH-WV Jan 30-Feb 5

New shale permits issued for Jan. 30 through Feb. 5 in the Marcellus/Utica were about half the number of the week before, but the week before was a recent record high. There were 26 new permits issued in total last week, including five new permits for Pennsylvania, six new permits for Ohio, and 15 permits issued in West Virginia. Which is a turnaround from previous months. Lately, WV has puttered along with just a few (if any) each week. Last week WV issued eight new permits to Antero Resources and seven new permits to Tug Hill Operating.
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CNX Using Compressor Engine Exhaust Heat to Produce Electricity

CNX Resources and ICE Thermal Harvesting have partnered on a pilot project to generate 100% emission-free, locally-sourced power for use in CNX’s operations, the two companies announced yesterday. They will do so by capturing waste heat generated from compressor stations used in the natural gas industry and converting it into electricity which CNX will then use to power the compressor station. First up is an experiment at CNX’s Dry Ridge compressor station in Marshall County, West Virginia.
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$150M Manufacturing Plant Coming to WV, Cites M-U NGLs as Reason

Some exciting news out of West Virginia to share. During last evening’s State of the State address, WV Gov. Jim Justice announced TCL Specialties, a subsidiary of TCL (Thirumalai Chemicals Limited), which is based in India, will break ground this month for two manufacturing facilities in Marshall County, West Virginia. The company will invest $150 million to build the first (of three) phases, manufacturing chemicals and food ingredients. And guess what most of the feedstock (raw inputs) will be for these new plants? NGLs (natural gas liquids) from the Marcellus/Utica.
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20 New Shale Well Permits Issued for PA-OH-WV Dec 5-11

Last week (Dec. 5-11), the number of permits issued to drill new shale wells in the Marcellus/Utica dropped by one to 20 from the prior week’s 21. Pennsylvania came back to life with 14 new permits. Ohio and West Virginia both issued just three new shale permits.
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43 New Shale Well Permits Issued for PA-OH-WV Oct 31-Nov 6

New shale permits issued in the Marcellus/Utica came roaring back during the week of Oct. 31 through Nov. 6. Both Pennsylvania and Ohio issued 13 new permits during that week. But what’s this? West Virginia issued a whopping 17 new permits! The prior week WV issued only a single new permit.
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16 New Shale Well Permits Issued for PA-OH-WV Oct 10-16

Permits issued for new shale wells last week got a bit better from their pathetically low numbers. From Oct. 10-16 there were eight new permits issued in Pennsylvania, and four each issued in Ohio and West Virginia. All of the PA permits were issued in northeastern PA, with four going to BKV Operating (i.e. Banpu) in Wyoming County, two to Chesapeake in Bradford County, and two to Beech Resources in Lycoming County. Encino Energy scored all four permits for Ohio, all of them in Harrison County. In WV, Tug Hill (soon to be EQT) received three permits, and Southwestern Energy received one permit, all four in Marshall County.
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30 New Shale Well Permits Issued for PA-OH-WV Sep 19-25

Last week the three states with active Marcellus/Utica drilling, Pennsylvania, Ohio, and West Virginia, issued a collective 30 new drilling permits, up from the 21 permits issued the week before. It was a reversal of what we typically see. Last week PA only issued four new permits, while WV issued 17 permits and OH issued nine permits. Usually, PA issues the most permits.
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21 New Shale Well Permits Issued for PA-OH-WV Sep 12-18

Last week the three states with active Marcellus/Utica drilling, Pennsylvania, Ohio, and West Virginia, issued a collective 21 new drilling permits, down from the 30 permits issued the week before, and down from the 40 permits issued the week before that. The trend is not our friend right now. PA issued 13 permits, and OH and WV issued four permits each.
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40 New Shale Well Permits Issued for PA-OH-WV Aug 29-Sep 4

Last week the three states with active Marcellus/Utica drilling, Pennsylvania, Ohio, and West Virginia, issued a collective 40 new drilling permits, way up from the 19 permits issued the week before. But there was a shocker. PA only issued nine new permits, while OH issued 14 new permits and WV issued a record high 17 new permits.
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EQT CEO Toby Rice Pulls Back the Curtain on Tug Hill $5.2B Deal

Yesterday MDN brought you the news that EQT Corporation is buying the West Virginia assets of Tug Hill Operating–the company’s THQ Appalachia operation–for $5.2 billion (see Confirmed: EQT Buys Tug Hill’s THQ Appalachia for $5.2 Billion). The deal adds roughly 90,000 leased acres (mainly in Marshall and Wetzel counties) to EQT’s massive existing footprint. It also adds an extra 800 million cubic feet per day (MMcf/d) of production to EQT’s current 5.5 billion cubic feet per day (Bcf/d). EQT CEO Toby Rice went on the record with the Pittsburgh Business Times to share his reasoning and thoughts behind the Tug Hill acquisition. Rice pulled back the curtain, giving a behind-the-scenes look at how deals like this come together. One of the big motivations for Rice is that he loves loves loves Marshall County, WV.
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Confirmed: EQT Buys Tug Hill’s THQ Appalachia for $5.2 Billion

The rumors were right. Yesterday we brought you the news (rumors), as reported by both Reuters and Bloomberg, that EQT Corporation was about to seal a deal to buy Tug Hill’s THQ Appalachia operation with major assets in West Virginia (see EQT Close to Buying Tug Hill’s THQ Appalachia for $4+ Billion). Reuters reported the deal would be worth $4 billion. Bloomberg reported the deal would be worth $5.2 billion. Bloomberg (we are surprised to say) was right. EQT issued a press release yesterday afternoon announcing the deal and confirming the details.
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EQT Close to Buying Tug Hill’s THQ Appalachia for $4+ Billion

In June, MDN brought you the news that Tug Hill was shopping its THQ Appalachia division (Tug Hill’s West Virginia assets) for $5 billion (see Tug Hill’s THQ Appalachia Shops Itself for $5 Billion). Yesterday both Reuters and Bloomberg reported a deal is close and may even be announced today (Tuesday). However, the price of the deal reported by the two news services differs by quite a bit. Reuters reports a deal price for the THQ Appalachia assets of roughly $4 billion, while Bloomberg pegs it at $5.2 billion.
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19 New Shale Well Permits Issued for PA-OH-WV Aug 22-28

Last week the three states with active Marcellus/Utica drilling, Pennsylvania, Ohio, and West Virginia, issued a collective 19 new drilling permits, down from 30 the week before. The top receiver of permits in PA was EQT (i.e. Rice Drilling), with five permits issued for the same well pad in Greene County. Range Resources and Inflection Energy each received two new permits.
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