Enverus Rig Count @ 821 (+3); Marcellus @ 41 (-2), Utica @ 11 (-1)
The Enverus rig count, as of Wednesday, stood at 821, up by three from the week before. We are only 17 rigs away from the pre-pandemic high of 838 rigs. Last week the Marcellus operated 41 rigs (down by two), while the Utica operated 11 rigs (down by one), for a total of 52 active rigs in the M-U, lower than in previous weeks. According to S&P’s read of the situation, rig count additions appear to be slowing down. Despite high oil prices, drillers are still unwilling to drill, drill, drill.
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Yesterday officials from CNX Resources and the company’s CNX Foundation presented a ceremonial check for $250,000 to pay for upgrades and extensions to municipal waterlines and the installation of fire hydrants in Bell Township (Westmoreland County, PA). The money means 55 homes in the area will be able to connect to municipal water. Local residents are ecstatic. CNX is planning to build six well pads and drill 20 wells in Bell Township. The donation is the company’s way of reassuring residents CNX will be a good neighbor.
Last year the Bidenistas initiated a massive power grab of transferring the right of individual states to regulate local natural gas gathering pipelines to the federal government (see 
In April 2019, President Trump signed an Executive Order (EO) instructing the Environmental Protection Agency to review Section 401 of the Clean Water Act–the section that grants states (and tribes) the right to have a say in pipeline projects (see 
Follow This is a group of 8,000 far-left, radical investors who want to shut down the oil and gas industry by using big money invested in O&G companies to force board changes and new policies aimed at forcing “Big Oil” to self-harm. Follow This’ twisted vision of the future is forcing humanity back to Medieval Times when no oil and gas and plastics existed. Back to the time when humans lived to be about 35-40 years old and then died from disease or famine. Follow This and their ilk were having some success in forcing oil and gas companies to engage in self-harming activities (selling off assets, reduced drilling, investing in unreliable renewables, etc.). But since the pandemic and (now) since the war in Ukraine, many of the “advances” made by Follow This have evaporated.
Yesterday MDN brought you the news that Ohio Congressman Troy Balderson, Republican representing Ohio’s 12th Congressional District, recently introduced a resolution that officially recognizes American natural gas as a “green and clean” energy source (see 
It appears the wind has gone right out of the sails when it comes to issuing new permits for shale drilling in the Marcellus/Utica. For the week of May 23-29, only six new permits were issued. Four of the permits were issued in Pennsylvania, two in West Virginia, and none in Ohio. This is the lowest number in a single week we’ve seen in maybe forever. A measly, lousy six permits!
MARCELLUS/UTICA REGION: NY heads over the “renewable” cliff into oblivion with new solar farms; OTHER U.S. REGIONS: L.A. is banning most gas appliances in new homes; NATIONAL: U.S. gas production hits record highs in March, EIA says; US weekly LNG exports down by one; Long-term deals propel new LNG development towards FID; White House weighs oil profits tax to fund consumer rebate; Looming ‘cure’ for high gasoline prices would be worse than the problem itself; INTERNATIONAL: Biden planning Saudi Arabia visit as U.S. gasoline prices rise; OPEC move won’t stop record gasoline prices.