Deep Well Services Helps Drill 3 Longest Onshore Laterals in U.S.
We spotted an article in the Pittsburgh Business Times (one of our favorite pubs) announcing Mark Marmo, CEO of Deep Well Services, as the winner of the 2019 Fox Rothschild Outstanding CEOs and Top Executives Award. The award is well deserved. Mark is a great leader and a great person. As cool as the award is, Mark is quoted in an interview about the award sharing information that is, for us, the top news to report today: Deep Well is currently helping drill what are the three longest onshore shale wells ever drilled in the U.S.
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It’s no secret that upstream companies (drillers) like EQT are trimming head count and reducing annual spending. So it probably won’t come as a surprise that EQT has put 46,000 square feet (out of 250,000 sq. ft.) in its palatial headquarters in downtown Pittsburgh up for sublease. Meanwhile, in a contrasting bit of news, midstream (pipeline) company Williams has just renewed the lease for its big regional Pittsburgh headquarters at Park Place Corporate Center–a 112,481 sq. ft. building.
In a new and important development in New York State’s war against natural gas pipelines, local utility Consolidated Edison says if the Williams Northeast Supply Enhancement (NESE) pipeline project is delayed or canceled, not only will Westchester suburbanites continue to be subject to Con Ed’s ban on new customers from hooking up to receive natgas, so too will customers who live in New York City itself.
Yesterday our favorite government agency, the U.S. Energy Information Administration, issued our favorite monthly report, the Drilling Productivity Report. The DPR is a forecast of oil and gas production in the country’s seven major shale plays for the coming month, made by the expert number crunchers at EIA.
New York State is already doing it, Pennsylvania is actively considering doing it, and now, Ohio has caught the contagion too. The “it” we’re talking about is soaking electric rate payers to pump more money into the coffers of big corporations so they can keep uneconomic and financially failing nuclear electric generating plants operating. Both PA and OH lawmakers have floated plans to soak rate payers in their respective states.
MARCELLUS/UTICA REGION: Manchin looks ahead to natural gas possibilities; President’s order to speed oil and gas infrastructure permits a winning move; NATIONAL: Sen. Elizabeth Warren says she’d ban new fossil fuel production on federal lands as president; U.S. Supreme Court denies natgas-fired generators challenge of nuclear subsidies.