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13 New Shale Well Permits Issued for PA-OH-WV Feb 12 – 18
There were 13 new permits issued to drill in the Marcellus/Utica during the week of Feb. 12 – 18, versus 19 permits issued the prior week. Pennsylvania issued 11 new permits last week. Ohio issued no new permits. West Virginia issued 2 new permits last week. Chesapeake Energy landed the most new permits, with 5 issued in Bradford County, PA. Range Resources had 3 new permits issued in Washington County, PA. Coterra Energy had 2 new permits in Susquehanna County, PA. Southwestern Energy also had 2 new permits issued in Ohio County, WV. And EQT, the largest natural gas producer in the country, had a single new permit issued in Greene County, PA.
Read More “13 New Shale Well Permits Issued for PA-OH-WV Feb 12 – 18”
According to Reuters, oilfield service companies and drillers have put the brakes on hiring and “further job cuts could loom” as natural gas producers respond to sliding prices by slashing spending on new wells to reduce excess production. We told you yesterday that Chesapeake Energy announced a coming rig and frac crew cut in the Marcellus (see 
Range Resources Corporation, the very first company to drill a shale well targeting the Marcellus Shale layer in Pennsylvania (in 2004), issued its fourth quarter and full-year 2023 update yesterday. The company previously released operational details for 4Q23 (see 
Southwestern Energy, with major assets in the Marcellus/Utica and Louisiana Haynesville, issued its fourth quarter and full-year 2023 update yesterday. You may recall that Southwestern recently agreed to a deal to be acquired by and merged into Chesapeake Energy (see 
While drilling in Chester County, PA, in August 2020 in the Marsh Creek State Park area, Energy Transfer’s (ET) Mariner East 2X pipeline experienced an “inadvertent return” — nontoxic drilling mud coming up out of the ground where it’s not supposed to (see 
Two days ago, MDN told you about the rumor that Occidental Petroleum is considering a sale of its majority share in Western Midstream Partners for $20 billion, looking to work down a big pile of debt (see 
If this doesn’t take the cake. Venture Global has been screwing its contracted customers for more than two years by not officially christening its Calcasieu Pass LNG export facility in Louisiana as officially open for business (denying customers cargoes under contracted prices), yet during that time, Venture Global has exported (on the spot market) more than 250 LNG cargoes! It’s a sham, and everybody knows it! Venture Global got the Federal Energy Regulatory Commission (FERC) to extend the “must officially be open by date” for an extra year last year (expired Feb 21st of this year). And now, unbelievably, Venture Global wants FERC to extend it for ANOTHER year!
MARCELLUS/UTICA REGION: Save Ohio Parks promotes commission meeting, fossil fuels rally; NATIONAL: Oil rises amid signs of tighter market; JP Morgan, Standard Chartered reveal latest oil price forecasts; Use of natgas-fired generation differs by technology and region; Nothing we do about CO2 emissions has any relevance whatsoever; ‘Sue and settle’ is back under the Biden administration; Billionaire Dem funded anti-LNG campaign while investing in China.