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Marcellus Drilling News
  • Brooke County | Energy Companies | EQT Corp | Fayette County | Pennsylvania | Range Resources Corp | Southwestern Energy | Washington County | Weekly Permits | West Virginia

    16 New Shale Well Permits Issued for PA-OH-WV May 13 – 19

    May 24, 2024May 24, 2024

    Permits issued in the Marcellus/Utica continue to bounce up and down. One month ago, there were 26 new permits in the M-U for a one-week period. Three weeks ago, 16 new permits were issued. Two weeks ago, just ten new permits were issued. And last week, May 13-19, the number increased to 16, but only because of Pennsylvania. Range Resources scored seven new permits in PA last week, all in Washington County. EQT (and its subsidiary Rice Drilling) received six new permits last week, mostly in Fayette County, PA (with one in Washington County, PA). Southwestern Energy received three permits to drill in Brooke County, WV. Ohio issued no new permits last week.
    Read More “16 New Shale Well Permits Issued for PA-OH-WV May 13 – 19”

  • Ascent Resources | Belmont County | Energy Companies | EQT Corp | Gulfport Energy | Industrywide Issues | Lease & Royalty Payments | Litigation | Ohio | Rice Energy

    OH Supreme Court Reverses “Drilled Too Deep” Decision TERA v Rice

    May 24, 2024May 24, 2024

    Back in the summer of 2020, MDN told you about a lawsuit brought by an Ohio rights owner called TERA, an organization that owns the royalty rights for a number of leases with wells in Belmont County, OH, drilled by different producers, suing the producers for drilling into the Point Pleasant shale layer when the lease only mentions the Utica layer (see OH Landowners Sue Rice, Ascent, XTO, Gulfport for Drilling Too Deep). We have an important update on that lawsuit which potentially affects all Ohio landowners and drillers. Yesterday, the Ohio Supreme Court issued a ruling that overturns a Seventh District Court of Appeals decision upholding a lower court’s ruling in favor of the rights owner. The Ohio Supremes reversed the judgment of the Seventh District and remanded the case back to the trial court for further proceedings.
    Read More “OH Supreme Court Reverses “Drilled Too Deep” Decision TERA v Rice”

  • Energy Companies | Energy Services | EQT Corp | Equitrans/EQT Midstream | Industrywide Issues | M&A | Regulation

    EQT Merger With Equitrans Clears Important Federal Antitrust Hurdle

    May 24, 2024May 24, 2024

    The merger of EQT Corporation and Equitrans Midstream into a single company took one giant leap forward on Wednesday when the Hart-Scott-Rodino (HSR) Antitrust Act waiting period expired. In November 2018, under intense pressure from activist investors, EQT split itself into two companies: EQT Corporation and Equitrans Midstream (see It’s Here! EQT Midstream Division Now Split into Standalone Co.). Equitrans became a new, completely separate company with its own board of directors and its own set of investors. Five-and-a-half years later (in March of this year), EQT dropped the bombshell announcement that it had cut a deal to buy back Equitrans in an all-stock deal worth $5.4 billion (see Stop Press! EQT Buying Equitrans Midstream in All-Stock Deal).
    Read More “EQT Merger With Equitrans Clears Important Federal Antitrust Hurdle”

  • Industrywide Issues | Lycoming County | Pennsylvania | Regulation

    PA Senate Candidate David McCormick Gets a Rig Tour – “Unbelievable”

    May 24, 2024May 29, 2024

    In case you weren’t aware, there’s an important political race happening in Pennsylvania for the U.S. Senate. In fact, the race’s outcome will likely determine whether or not the Senate remains hostage to radical Democrat control or flips to common sense Republican control. The Democrat running for the seat is Bob Casey, an entrenched D.C. swamp dweller seeking his third 6-year term. Bob Casey has voted with Joe Biden 98.5% of the time (confirmed by objective observers). Casey is a grifter who has never held a real job. He was a lawyer briefly before entering politics, leveraging the name of his dad, who was a former governor in PA. Casey has been a politician ever since. His opponent is David McCormick, a graduate of West Point and CEO of several successful companies over the years, including one of the largest hedge funds in the world, Bridgewater Associates. McCormick recently took a tour of an active drilling rig in Lycoming County. His eyes were opened.
    Read More “PA Senate Candidate David McCormick Gets a Rig Tour – “Unbelievable””

  • Industrywide Issues | Pennsylvania | Research | Statewide PA | Wastewater

    Mainstream Media 5 Years Late Reporting Lithium-from-Shale Story

    May 24, 2024May 24, 2024

    We’ve had more than a few MDN readers pass along links from recent mainstream media stories about the treasure trove of lithium available “beneath Pennsylvania” in the state’s brine (shale wastewater) production. Which makes us a little bit crazy and amuses us at the same time because we’ve been reporting on this story since 2019! In October 2019, Eureka Resources, which operates three frack wastewater treatment facilities in the Marcellus Shale (and is building a fourth facility in Dimock, PA), began extracting lithium from Marcellus wastewater at one of its plants in Bradford County, PA (see Marcellus Wastewater Plant in PA Extracts 1st Batch of Lithium). In 2020, the company said its plants could theoretically supply up to 25% of the country’s annual lithium demand — solely with lithium recovered from Marcellus wastewater (see Eureka Can Supply 25% of US Lithium Demand from Marc. Wastewater). The recent spat of news stories about lithium from shale comes as a result of a new study published in April quantifying just how much lithium could be produced from PA’s brine. We reported on the study as soon as it was released (see How Much Lithium (for EVs) is Sitting in PA Marcellus Brine?).
    Read More “Mainstream Media 5 Years Late Reporting Lithium-from-Shale Story”

  • Anti-Drilling/Fossil Fuel | Industrywide Issues | Regulation

    Democrats Launch Witch Hunt into Trump “Deal” with O&G Donors

    May 24, 2024May 24, 2024

    As we reported a few weeks ago, former President Donald J. Trump met with members of the oil and gas industry last month at his Mar-a-Lago estate (see Trump Promises to Undo Biden Regs if O&G Raises $1B for Campaign). According to snitches at the event, after one of the O&G big whigs complained about Biden’s attack on the fossil fuel industry, DJT made them all a deal: Raise $1 billion for his reelection campaign and on “Day One” of a new term, he will set about fixing the damage done by Biden to the industry. Which sounds like a good deal to us! We predicted some Democrat Attorney General, like Tish James in NY, will no doubt investigate Trump, claiming yet another felony has been committed. Nope. Not an AG. Instead, Democrat Senators and House members have launched two different investigative committees.
    Read More “Democrats Launch Witch Hunt into Trump “Deal” with O&G Donors”

  • Best of the Rest

    Other Stories of Interest: Fri, May 24, 2024

    May 24, 2024May 24, 2024

    OTHER U.S. REGIONS: Gulf LNG gets more time to build Mississippi export plant; Ashland City Council moves forward with three options for natural gas ban; US’s largest heavy-duty electric truck microgrid is powered by… natural gas; NATIONAL: AGs and state leaders push back on “radical” climate policies, lawsuits; Republicans press Granholm about pause in LNG export permits; Energy Workforce responds to Granholm’s testimony on LNG export pause; INTERNATIONAL: UK’s windfall tax harms North Sea oil, natural gas investment; Europe’s natural gas prices rally amid supply concerns.
    Read More “Other Stories of Interest: Fri, May 24, 2024”

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