Chesapeake Energy | Energy Companies | Epsilon Energy | Industrywide Issues | Litigation | Pennsylvania | Susquehanna County
Epsilon Sues Chesapeake to Drill 4 Marcellus Wells, Court Overrules
Epsilon Energy concentrates most of its effort on the Marcellus in Susquehanna County, PA. Epsilon doesn’t typically do its own drilling. The company joint venture partners with (gives money to) other companies, like Chesapeake Energy, and the other company typically does the drilling. Epsilon, according to its website, owns ~4,000 net acres in the PA Marcellus. Epsilon sued Chesapeake Energy earlier this month over lack of access to drill wells on acreage Chesapeake says it doesn’t want to drill. A Texas bankruptcy court judge has tossed Epsilon’s lawsuit. Looks like bankruptcy is a “get out of your contracts for free” card for Chesapeake.
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Shale and conventional oil and gas drillers in West Virginia listen up: If you file for a modification to a previously filed permit request, it’s going to cost you $2,500. Currently, it costs nothing. Two weeks ago we told you about Senate Bill (SB) 404 (see 
Stiff opposition from officials in Marcellus/Utica-producing counties in West Virginia has flared up over House Bill (HB) 2581 (see 
For years PA’s small, independent conventional oil and gas drillers have objected to the one-size-fits-all regulations concocted by the Wolf DEP that applies the same regulations to small conventional drillers as those used for big shale drillers. The two types of drilling are apples and oranges. Making small conventional drillers jump through the same hoops as big shale drillers will bankrupt many of the smaller companies. As in previous years, a bill will soon be introduced to separate the regulations for the two…
In our opinion, we have yet to fully understand the long-term, permanent changes in society that have happened because of the COVID-19 pandemic. There are signs that things have permanently changed. For example, a significant number of people now work from home rather than commute to an office in downtown. Many workers like working from home better! In a signal that COVID long-term changes are impacting the Marcellus/Utica industry, two major M-U companies with office space in the Southpointe business park (Pittsburgh suburb in Washington County) are shopping a collective 213,000 square feet of office space they no longer need because their workers have permanently relocated to home offices.
Elon Musk is like a god to the wacko environmental movement. For those who don’t know, Musk founded PayPal in 1999. He then founded SpaceX in 2002 and Tesla Motors in 2003. Tesla manufactures electric-only cars. Musk became a multimillionaire in his late 20s when he sold his start-up company, Zip2, to a division of Compaq Computers. In January 2021, Musk reportedly surpassed Jeff Bezos as the wealthiest man in the world. But some of the bloom is coming off the rose of Elon Musk–at least for woke leftists. You see, Elon has a nasty natural gas habit. The god has fallen…
All three M-U states received permits to drill new shale wells last week. Pennsylvania received a big 21 new permits. Ohio received 7 new permits last week, all of them for Encino Energy (two different well pads). West Virginia received just 2 new permits, both for HG Energy on the same pad in the same county.
MARCELLUS/UTICA REGION: WV Gov. Jim Justice no longer a billionaire; Women are drilling their way into Ohio’s male dominated oil and gas industry; OTHER U.S. REGIONS: Mass. climate act advances movement to restrict natural gas use in buildings; NATIONAL: Will 2021 mark the start of a major shale recovery?