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Marcellus Drilling News
  • Ascent Resources | Coterra Energy (Cabot O&G) | Encino Energy | Energy Companies | Guernsey County | Harrison County | Jefferson County (OH) | Ohio | Pennsylvania | Susquehanna County | Weekly Permits

    12 New Shale Well Permits Issued for PA-OH-WV Jun 17 – 23

    July 1, 2024July 1, 2024

    We didn’t bring you the latest permit numbers on Friday because the Pennsylvania Dept. of Environmental Protection’s report website was down (again, for the umpteenth time). The site was back online this morning, so we ran our weekly query and discovered PA issued a whopping three permits for the week of June 17-23, all of them issued to Coterra Energy in (gasp) the township of Dimock! Yes, drilling in Dimock is back. Love it! In addition, Ohio issued nine new permits, with seven going to Encino Energy for oil drilling in Guernsey and Harrison counties. Ohio also issued two permits to Ascent Resources in Jefferson County. West Virginia issued no new shale permits for that period.
    Read More “12 New Shale Well Permits Issued for PA-OH-WV Jun 17 – 23”

  • American Energy Partners Inc. | Belmont County | Energy Companies | Industrywide Issues | Litigation | Ohio | Regulation

    ODNR Pledges to Begin Cleanup of Austin Master Services July 22

    July 1, 2024July 1, 2024

    Three weeks ago, the owner of Austin Master Services (AMS), American Environmental Partners (AEP), sent a press announcement to MDN to announce he has found a buyer for AMS (see AEP Announces Finding a Buyer for Austin Master Services). AMS is a radiological waste management solutions company in Martins Ferry (Belmont County), Ohio. The Ohio Attorney General lodged charges against AMS in March, accusing the company of storing 16+ times more drill cuttings at the facility than it’s rated for. A county judge ordered AMS to clean out the site and bring it back into compliance by July 22, or else AEP owner and CEO Brad Domitrovitsch is ordered to report to jail for a 30-day stint.
    Read More “ODNR Pledges to Begin Cleanup of Austin Master Services July 22”

  • BKV/Banpu | Energy Companies | Energy Services | EQT Corp | Industrywide Issues | Keystone Clearwater Solutions | Lycoming County | Pennsylvania | Regulation | Seneca Resources | Southwestern Energy | Susquehanna County | Tioga County (PA) | Wyoming County (PA)

    SRBC Approves 7 Water Withdrawals for Shale Drilling at June Mtg

    July 1, 2024December 13, 2024

    The highly functional and responsible Susquehanna River Basin Commission (SRBC), unlike its completely dysfunctional and irresponsible cousin, the Delaware River Basin Commission (DRBC), continues to support the shale energy industry by approving water withdrawals for responsible and safe shale drilling. On June 13, the SRBC board approved 19 new water withdrawal requests within the basin, seven of them for water used in drilling and fracking shale wells in Pennsylvania. The Marcellus/Utica shale drillers (and one water company) receiving a green light from SRBC included BKV (3 requests), EQT, Keystone Clearwater Solutions, Seneca Resources, and Southwestern Energy.
    Read More “SRBC Approves 7 Water Withdrawals for Shale Drilling at June Mtg”

  • Chevron | Energy Companies | Industrywide Issues | Litigation | Regulation

    U.S. Supremes Overturn Chevron Case, Reins in Leftist Bureaucrats

    July 1, 2024July 1, 2024

    Leftists (aka liberals, Communists, socialists, and leaders of the Democrat Party) believe they are smarter than you, they know more than you do, and they should be able to make decisions that affect your life outside of the laws created by duly elected members of Congress. For decades (some 40 years), we in the U.S. have lived under the tyranny of the bureaucratic administrative state following a court decision commonly referred to as the “Chevron deference” case. That case, decided in 1984 (ironic, no?), gave broad powers to federal agencies like the EPA and other executive branch agencies to create, in essence, their own laws (called regulations) without any specific delegation of authority by Congress to do so. It has led to the radical loss of freedom as bureaucratic leftists seized power to enact rules they demand YOU live under. No more! Last Friday, the U.S. Supreme Court ruled in a case that nullified and threw out the Chevron deference doctrine. This has HUGE implications for the entire oil and gas industry, including the Marcellus/Utica.
    Read More “U.S. Supremes Overturn Chevron Case, Reins in Leftist Bureaucrats”

  • Chesapeake Energy | Coterra Energy (Cabot O&G) | Energy Companies | EQT Corp | Range Resources Corp | Seneca Resources

    Dividends from Drillers Remain High Even as Cash Flows Sink Lower

    July 1, 2024July 1, 2024

    Investors grew tired of putting money into oil and gas companies during the go-go early years of the shale era from the early 2000s until the early 2020s because O&G companies didn’t pay dividends, and their stock prices plunged in value, in some cases, 90% or more. Drillers got the message, and beginning around four years ago, there was a conversion to a new religion — the religion of free cash flow, dividends, and stock buy-backs. Shareholder returns soared to a peak of over 10% in 2022. But since then, prices (at least for natural gas) have tanked, and along with it, shareholder returns. However, O&G companies are still giving respectable (more than any other sector) returns to shareholders, even amid low commodity prices for oil and gas. Of the three sub-groups in O&G (oil-focused, diversified, and gas-focused), the gas group, of which most M-U drillers belong, is doing the worst with returns to shareholders.
    Read More “Dividends from Drillers Remain High Even as Cash Flows Sink Lower”

  • Anti-Drilling/Fossil Fuel | Commodity Price | Industrywide Issues

    U.S. Sen. Sheldon Whitehouse Witch Hunt Against O&G Re OPEC

    July 1, 2024July 1, 2024

    Must be it’s an election year. How do we know? The desperate Democrats are doing their best to distract and focus attention away from the decrepit, mentally impaired Joe Biden by accusing “Big Oil” of conspiring with OPEC to keep oil prices high. Except oil prices aren’t all that high. U.S. Senator Sheldon Whitehouse, a Communist (who pretends to be a Democrat) from Rhode Island, is “demanding” all sorts of internal communications from “Big Oil” companies in a new witch hunt he’s launched into this earth-shattering matter. Sheldon Whitehouse is a LOSER in all capitals.
    Read More “U.S. Sen. Sheldon Whitehouse Witch Hunt Against O&G Re OPEC”

  • Baker Hughes | Energy Services | Industrywide Issues | Research

    Nat’l Rig Count Bloodbath: U.S. Loses 7 @ 581, M-U Even @ 36

    July 1, 2024July 1, 2024

    The U.S. national oil and gas rig count has been in a pattern of free-falling for the past month. Last week, the national combined Baker Hughes oil and gas rig count dropped by another seven to 581, the lowest since December 2021. It’s gone from free-falling to a bloodbath. The Marcellus/Utica stayed the same last week, for the fourth week in a row, with a combined 36 active rigs. Pennsylvania continued to operate 21 rigs. Ohio remained steady with ten active rigs. And West Virginia kept five active rigs.
    Read More “Nat’l Rig Count Bloodbath: U.S. Loses 7 @ 581, M-U Even @ 36”

  • Best of the Rest

    Other Stories of Interest: Mon, Jul 1, 2024

    July 1, 2024July 1, 2024

    MARCELLUS/UTICA REGION: DEP solicits bids to plug conventional wells in Allegheny Forest; Surge of power demand means we need natural gas more than ever; NATIONAL: A natural-gas billionaire bets on greener fossil fuel; Study says extra CO2 makes earth greener, food better; US House panel finds Wall St ‘colluded’ to curb emissions.
    Read More “Other Stories of Interest: Mon, Jul 1, 2024”

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