Pin Oak Energy Partners Shops 22,000 Ohio Utica Acres
Pin Oak Energy Partners, a relatively young Marcellus/Utica driller based in Akron, OH (privately owned), has hired Detring Energy Advisors to market some of the company’s Utica Shale assets. The assets include 22,000 acres in Harrison and Tuscarawas counties, Ohio. According to the company’s website, Pin Oak owns some 317,000 net acres with some 207,000 “net deep acres” with Utica/Point Pleasant and Marcellus potential. Pin Oak owns and operates over 3,300 producing wells–most of them conventional, some shale.
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Pipeline giant Williams issued its first quarter 2022 update earlier this week. Among the bits of news coming from the update is that Williams has reached an agreement on two new gathering expansions for the “rich” Utica and Marcellus regions. Also newsworthy: the company has signed customers on the dotted line for its Texas to Louisiana Energy Pathway Project, a 364 MMcf/d Transco expansion project to serve the growing LNG export market along the Gulf Coast.
Yesterday MDN brought you the news that Equitrans Midstream, builder of the 303-mile Mountain Valley Pipeline (MVP) project from West Virginia to southern Virginia, has decided to roll the dice for a third time with the radical judges of the U.S. Court of Appeals for the Fourth Circuit by applying for a new permit to cross 3.5 miles of the Jefferson National Forest (see 
MAX Environmental has operated the Bulger hazardous waste landfill in Smith Township (Washington County), PA since 1958. MAX has operated a second site, the Yukon hazardous waste landfill in South Huntingdon Township (Westmoreland County), PA since 1964. One of the primary customers for both landfills over the past 15 years has been the Marcellus industry–dumping drill cuttings (leftover dirt and rock from drilling). In 2019 MAX filed a request with the PA Dept. of Environmental Protection (DEP) to “delist” both sites as hazardous landfills, given what they accept is not hazardous. Some of the neighbors along with various Big Green groups object to the change in classification.
Another day, another deal from Energy Transfer (ET) in signing up customers to accept shipments of LNG produced by ET’s yet-to-be-constructed LNG export facility in Lake Charles, Louisiana located on the Calcasieu ship channel. Yesterday we told you ET had signed up Singapore’s Gunvor to accept 2.0 million tonnes (MT) per year (see 
Natural gas traders’ nerves have gotten the better of them. Yesterday the NYMEX “front month” futures contract price for natural gas hit $8.14/MMBtu before falling back to close at $7.95. That is the highest price NYMEX gas has traded for in the past 14 years–since 2008. The main reason for this most recent spike up seems to be chatter about European countries imposing tighter sanctions on Russia, and the very real possibility Russia may retaliate by cutting off gas supplies to European countries beyond Poland and Bulgaria. A contributing factor is a temporary decrease in pipeline flows in both the Bakken and the Marcellus/Utica.
Last week Pennsylvania issued 16 new shale well permits. EQT led the way with ten permits, all of them for wells in Greene County. You just HAVE to read the names of the wells (below). After getting skunked for two weeks in a row, Ohio finally issued permits once again last week–ten of them. Ascent Resources scored six permits, mostly in Belmont County. Encino Energy had four permits, all in Carroll County. Finally, West Virginia had nine permits. Antero Resources scored seven of the nine (six in Wetzel County), and Southwestern took the remaining two permits (both in Marshall County).
OTHER U.S. REGIONS: OTC is back in earnest, the surest sign of a renewed energy industry; NATIONAL: Shale producers face $42 billion in hedging losses; Chaotic markets re-emphasize the need for a balanced energy policy; U.S. gas production slows at the worst possible time; INTERNATIONAL: Shell expands solar portfolio with Sprng Energy buy; USA – EU energy security task force meets; Qatar reclaims crown from US as world’s top LNG exporter.