Marcellus/Utica Sees Biggest Decrease in Nov. NatGas Production
Strange times. It’s not the kind of thing you want to be known for typically–that your shale region will lead the way among all shale regions across the country in *reducing* production in the coming month. Yet that’s what the latest Drilling Productivity Report from the U.S. Energy Information Administration (released yesterday) shows–and most folks in the Marcellus/Utica region will be happy about it.
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In September MDN told you that Cove Point LNG had gone offline for roughly three weeks for its annual plant maintenance routine (see 
Late Friday the Federal Energy Regulatory Commission (FERC) granted permission to Mountain Valley Pipeline (MVP) to restart work on all but a 25-mile segment of the 92% completed project (see 
Only Pennsylvania issued permits to drill new shale wells last week in the Appalachian region. Neither Ohio nor West Virginia issued any new drilling permits from Oct. 5-9. In PA, some 20 permits were issued in both the northeast and southwest parts of the state.
MARCELLUS/UTICA REGION: NYPA reaches peaker agreement; NATIONAL: Chart buys Worthington cryogenic and hydrogen business; ConocoPhillips in talks to buy Concho Resources in big shale bet; Morgan Stanley sees oil prices struggling to break above $50; Chevron to stay wedded to shale, for ‘incredible flexibility’; America in 2022 after a Biden-Harris win; The Supreme Court is taking critical step towards resolving frivolous climate suits; Down and out: bankruptcy valuations portend production declines.