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20 New Shale Well Permits Issued for PA-OH-WV Jan 29 – Feb 4
There were 20 new permits issued to drill in the Marcellus/Utica during the week of Jan. 29 – Feb. 4, versus 27 permits issued during the prior week. Pennsylvania issued 12 new permits last week. Ohio issued 6 new permits. West Virginia issued 2 new permits last week. We had a tie for the company receiving the most permits. Seneca Resources received 4 permits to drill in Tioga County, PA, and Ascent Resources received 4 permits to drill in Harrison County, OH.
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The NYMEX Henry Hub futures price closed lower once again yesterday, at $1.92 (down a nickel from the previous day). These are prices we haven’t seen in three years. The current crash in price is prompting analysts to speculate (with good reason) that it will result in less new gas well drilling in gas-focused plays, including the Marcellus/Utica and the Haynesville. However, gas volumes won’t necessarily decrease, corresponding to less gas drilling. Why? Because oil is all the rage right now. With more oil drilling comes more associated natural gas production.
Tenaska, one of the largest privately operated companies in the U.S., announced it has purchased six 21-megawatt (MW) natural gas power plants in Northeast Pennsylvania from IMG Energy Solutions. Tenaska currently operates approximately 22,000 MW of natural gas-fueled and renewables electric generation. We don’t know where the time has gone, but the last time we wrote about IMG was nearly seven years ago! MDN first told you about IMG (then called IMG Midstream) in August 2014 (see 
A leftist anti-fossil group calling itself Protect PT, in Penn Township (Westmoreland County), PA, backed with big money from Big Green groups, has for years challenged Penn Township ordinances that allow Apex Energy and Huntley & Huntley (now Olympus Energy) to drill and operate shale wells. Protect PT finally struck out legally at the Pennsylvania Supreme Court in May 2020 (see 
Anti-fossil fuel zealots (climate catastrophists) have set their sights on blocking drilling and fracking under (not on top of) Ohio’s state-owned land, including several state parks. Their favorite tactic is to lie and smear the companies that seek to do such drilling. One tiny problem (for the zealots): they don’t know which companies are bidding to do the drilling. And that drives them even more crazy. So the zealots, with the help of mainstream media, are trying to paint the process as “secretive” — like there’s something nefarious that the fracking industry wants to hide. In reality, the identity of the winning bid is kept “secret” until the deal is officially announced because IT’S STATE LAW.
There is no doubt that recently issued regulations by the federal Environmental Protection Agency (EPA) and the Pennsylvania Dept. of Environmental Protection (DEP) aimed at reducing methane emissions are having a deleterious effect on the Marcellus industry in the Keystone State. The Bidenistas are proposing a huge tax on oil and gas drillers that will drive some companies out of business (see 
Dozens of conservative organizations have banded together to provide Trump a road map — known as Project 2025 — if he prevails in November. It outlines a series of steps that the former president could take to (among other things) reverse the climate actions taken by the Biden administration. The Washington-based Heritage Foundation (fantastic organization!) worked with conservative organizations to produce Project 2025, which offers 920 pages of policy prescriptions to ensure the chaos of Trump’s first term is not repeated if he gets a second term (full copy of Project 2025 is embedded below). Among the 920 pages are sections addressing policy prescriptions for the Dept. of Energy, EPA, Interior, and other agencies that touch on energy issues, including oil and gas.
MARCELLUS/UTICA REGION: Far-left groups oppose bill to block RGGI in PA; NATIONAL: Natgas futures crumble to fresh lows amid storage overhang; INTERNATIONAL: Nuclear reactor restarts in Japan reduce LNG imports for powergen; Green activists are a menace to society; Barclays to adopt fresh curbs on oil and gas financing.