Permits to Drill New Shale Wells in PA Hit 13-Year Low in November
As you know, MDN monitors new shale permits in Pennsylvania, Ohio, and West Virginia by bringing you the weekly new permits issued report, typically on Wednesdays (see our permits archive here). Every now and again the number crunchers at S&P Global step back and look at longer periods of time, comparing stats from a given month from year to year. The crunchers have just issued a somewhat depressing analysis that says Pennsylvania’s new shale permits issued for November 2021 were the lowest number of permits issued in the month of November stretching back to 2008–some 13 years ago.
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A long-fought-over wastewater injection well in Plum Boro (Allegheny County, Pittsburgh suburb) finally opened for business earlier this year, having overcome all sorts of smears and slanders and lawsuits by the enviro-left (see 
Nuverra Environmental Solutions (formerly Heckmann) is one of the largest companies in the United States that handles the transportation and disposal of shale drilling wastewater and leftover rock and dirt from drilling. The company has major operations in the Marcellus/Utica region. Because of the company’s major operations in the M-U, we keep track of its performance. Quarter after quarter after quarter, for well over a year, the company has lost money (
S&P Global Platts and its analytics division is a powerhouse provider of information, analysis, and benchmark prices for the commodities and energy markets. We often bring you their insights. Yesterday Platts Analytics released their 2022 energy outlook. Next year, Platts Analytics expects supply will catch up and exceed demand. Let that sink in. In 2022 we will see an increase in LNG exports, a rebound in U.S. shale oil, shale gas, and shale NGLs production–and the return of investment in non-OPEC production. You can guess what all that means for prices…
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