Weekly Shale Permits Issued for PA, WV (but Not OH)
No sooner had we started producing weekly new shale permits issued reports than the Ohio Dept. of Natural Resources (ODNR) website experienced some sort of catastrophic failure. While portions of the site have now returned, they still do not have the database reconnected that delivers weekly updates for new permits. We decided we could not wait any longer on ODNR to get their act together. Below are weekly reports detailing the names and locations for each new permit issued in both PA and WV for the weeks of May 11-15, and May 18-22.
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Yesterday the Pennsylvania House of Representatives passed Senate Bill 790, a bill that restores sanity to regulations for conventional oil and gas drillers in the Keystone State. For years PA’s small, independent conventional oil and gas drillers have objected to the one-size-fits-all regulations concocted by the Gov. Tom Wolf Administration that applies the same regulations to them as to big shale drillers. The two types of drilling are apples and oranges. To make small conventional drillers jump through the same hoops as big shale drillers will bankrupt many of the smaller companies. SB 790 helps correct the situation.
According to the International Energy Agency (IEA), the “lifeblood” of the global energy system is…investment. That is, money. Without investment, new sources of energy don’t appear. In 2016 IEA began to publish an annual report called World Energy Investment, in order to track spending on all forms of energy worldwide. Earlier this week IEA published its fifth annual version of the report. In the report, IEA says 2020, because of the coronavirus pandemic, will mark the largest-ever collapse in global energy investment in history. IEA says the coming investment decline will impact oil the most.
David Blackmon, a senior contributor to the Forbes magazine website and 39-year veteran working for various oil companies including Burlington Resources, Shell, and El Paso Corporation, is one of our favorite experts to read on matters relating to the oil patch. He is a strong O&G supporter. So when we spotted a recent Forbes article Blackmon wrote titled, “Why The Brief Era Of American Energy Dominance Is Over,” that sure got our attention.
Last week MDN editor Jim Willis had the pleasure and honor of being the 
MARCELLUS/UTICA REGION: Governor Corruptocrat shows why he deserves the title; Montage Resources: swearing off debt addiction; Ohio natural gas and oil industry awards $54,000 in scholarships; Pipeline offers long-term benefits; NATIONAL: Oil CEO says US shale rebound is at least a year away; Occidental is sued by shareholders, bondholders over Anadarko merger; Joe Biden weighs new climate proposals in bid to woo Sanders supporters; Pro-gas states pass laws barring natural gas bans, limits.