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Marcellus Drilling News
  • Industrywide Issues | Pennsylvania | Research | Statewide PA

    PA Natural Gas Production Hits New All-Time High in 1Q21

    May 25, 2021May 25, 2021

    Yesterday the Pennsylvania Independent Fiscal Office (IFO) released their latest quarterly Natural Gas Production Report for January through March 2021 (full copy below). The main indicators are moving in the right direction. In 1Q21 the number of new wells spud (begun to be drilled) was 133 new shale wells. That’s less than the 153 spud wells in 1Q20, which happened prior to the pandemic, but more than the spud numbers for the second, third, and fourth quarters of 2020. Even with less new drilling over the past few years, production numbers continued to soar, hitting a brand new, all-time high of 1.863 trillion cubic feet (Tcf) during 1Q21.
    Read More “PA Natural Gas Production Hits New All-Time High in 1Q21”

  • Coterra Energy (Cabot O&G) | Energy Companies | Industrywide Issues | M&A

    Markets “Baffled” by “Unexpected” Cabot Merger with Cimarex

    May 25, 2021May 25, 2021

    Yesterday we shared the devastating (for us) news that Cabot Oil & Gas, one of the premier drillers in the Marcellus, is merging with (being acquired by) Permian driller Cimarex (see HUGE NEWS: Permian Driller Cimarex Buying Out Cabot Oil & Gas). Now that the bombshell news has had time to sink in, it appears we were not the only ones baffled by this merger. Investors were baffled too. Cimarex shares fell 7.2% to $66.07, while Cabot’s stock fell 6.9% to $16.59. Below we have reactions to the surprise announcement.
    Read More “Markets “Baffled” by “Unexpected” Cabot Merger with Cimarex”

  • Anti-Drilling/Fossil Fuel | Coterra Energy (Cabot O&G) | Energy Companies | Industrywide Issues | Litigation | Pennsylvania | Susquehanna County

    Judge Gets Angrier by the Day with Lawyers in Cabot Case

    May 25, 2021May 25, 2021

    The judge in a lawsuit initiated by Cabot Oil & Gas against a Susquehanna County, PA landowner and his lawyers has had it up to here with the ongoing stonewalling and delay tactics by the landowner’s lawyers. “Four years we’ve been spinning our wheels on this nonsense,” the judge said. “The court is extremely frustrated, to put it politely.” The judge bordered on being impolite at a hearing last Thursday…
    Read More “Judge Gets Angrier by the Day with Lawyers in Cabot Case”

  • Energy Companies | EQT Corp | Industrywide Issues | Litigation | Statewide WV | West Virginia

    EQT Appeals $40M WV Royalty Lawsuit to 4th Circuit Court of Appeals

    May 25, 2021May 25, 2021

    As we reported a month ago, a group of West Virginia landowners/rights owners filed a claim against EQT alleging the company had allowed leases to lapse, then at a later date reentered their property and drilled new wells (see Federal Judge Allows EQT Trespass Lawsuit in WV to Advance). The federal judge in the case, U.S. District Judge Joseph R. Goodwin, rejected EQT’s motion to dismiss and is allowing the case to advance. EQT is now appealing his decision to let it play out to the next level up, the U.S. Court of Appeals for the Fourth Circuit.
    Read More “EQT Appeals $40M WV Royalty Lawsuit to 4th Circuit Court of Appeals”

  • Anti-Drilling/Fossil Fuel | Industrywide Issues | Lackawanna County | Landfills | Pennsylvania | Regulation

    PA AG Continues to Target Marcellus re Keystone Landfill in NEPA

    May 25, 2021May 25, 2021

    MDN has been writing about a privately-owned dump near Scranton, the Keystone Sanitary Landfill, for the past decade (see our stories here). Although the dump accepts all sorts of toxic substances, one of the more benign waste streams it accepts is drill cuttings from Marcellus Shale drillers. Anti-fossil fuelers would have you believe those cuttings are radioactive and will make you glow in the dark. It’s bogus. But now the state’s anti-fossil fuel Attorney General, Josh Shapiro, is investigating Keystone looking for evidence of radioactivity.
    Read More “PA AG Continues to Target Marcellus re Keystone Landfill in NEPA”

  • Allegheny County | Meetings | Pennsylvania

    PIOGA Spring Meeting Proudly Affirms Oil & Gas Industry

    May 25, 2021May 25, 2021

    Last Wednesday the Pennsylvania Independent Oil & Gas Association (PIOGA) held its Spring Meeting for 2021–in person! The meeting convened at Rivers Casino in Pittsburgh. The several hundred who attended got the pleasure of hearing people talk positively about oil and gas and fossil fuels in general. PIOGA President Dan Weaver said, “Don’t be afraid to stand up and speak out.” CNX CEO Nick DeIuliis said, “This industry is a noble one. You are doers that should be celebrated by all and appreciated by the informed.” God bless them both! Isn’t it great to be affirmed for the good work you do, rather than smeared and lied about?
    Read More “PIOGA Spring Meeting Proudly Affirms Oil & Gas Industry”

  • Best of the Rest

    Other Stories of Interest: Tue, May 25, 2021

    May 25, 2021May 25, 2021

    NATIONAL: U.S. natural gas generation in 2021 sees its first year-over-year decline in three years; LNG’s role in decarbonizing the shipping industry; INTERNATIONAL: Can the U.S. compete with Qatari LNG?
    Read More “Other Stories of Interest: Tue, May 25, 2021”

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