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Marcellus Drilling News
  • Allegheny County | Antero Resources | Arsenal Resources | Encino Energy | Energy Companies | Guernsey County | Harrison County | Marion County | Ohio | Olympus/Huntley & Huntley | Pennsylvania | Range Resources Corp | Seneca Resources | Tioga County (PA) | Tyler County | Washington County | Weekly Permits | West Virginia

    18 New Shale Well Permits Issued for PA-OH-WV Jul 1 – 7

    July 11, 2024July 11, 2024

    We noticed that permit data has already been updated for last week, so we’re bringing you our weekly permit report a day early. For the week of July 1 – 7, a total of 18 permits were issued to drill new shale wells in Marcellus/Utica. There were six new permits issued in Pennsylvania, with four of them going to Range Resources for a pad in Washington County. There were four new permits in Ohio, all of them going to Encino Energy for a pad in Guernsey County. West Virginia was the surprise with eight new permits, six of which were issued to Antero Resources in Tyler County.
    Read More “18 New Shale Well Permits Issued for PA-OH-WV Jul 1 – 7”

  • Industrywide Issues | Litigation | Regulation

    DC Circuit Allows EPA Attack on O&G Via Methane Reg to Commence

    July 11, 2024July 12, 2024

    EPA Administrator Michael Regan used a considerable amount of fossil energy and emitted tons of carbon dioxide to jet over to Dubai last December to participate in the COP28 confab, where he released a final rule that was “two years in the making” to force the U.S. oil and gas industry to cut methane emissions by using budget-busting new technologies and onerous (frequent) inspections (see Bidenistas Unleash Hellscape of U.S. Methane Regs at COP28). A group of 26 states asked the swamp-dwelling judges of the U.S. Court of Appeals for the District of Columbia (D.C. Circuit) to temporarily block the EPA rule while a lawsuit by the states (and others) plays out. Unsurprisingly, the swamp-dwelling judges turned the states down, allowing the EPA’s onerous new reg to commence.

    7/12/24 UPDATE: We’ve added a statement from the IPAA below, one of the named litigants in the case.
    Read More “DC Circuit Allows EPA Attack on O&G Via Methane Reg to Commence”

  • Anti-Drilling/Fossil Fuel | Hydraulic Fracturing | Industrywide Issues | Ohio | Regulation | Statewide OH

    Cleveland Democrat Floats Bill to Require Frack Chemical Disclosure

    July 11, 2024July 11, 2024

    An anti-drilling Democrat member of the Ohio House of Representatives (representing a Cleveland suburb) would love nothing more than to ban all shale drilling in his state. He has just introduced a bill requiring drillers to disclose any and all chemicals they use for any purpose when drilling a new shale well under state-owned land. State Rep. Sean Patrick Brennan, representing the 14th Ohio House District, claims House Bill (HB) 562 will “improve public safety and transparency.” Will it? Is that its real purpose?
    Read More “Cleveland Democrat Floats Bill to Require Frack Chemical Disclosure”

  • Commodity Price | Industrywide Issues

    Gas Trader Predicts NatGas $2.50 in 2024, $3.00+ in 2025 & Beyond

    July 11, 2024July 11, 2024

    Yes, we’ve been keeping an eye on the (pathetic) price of natural gas as it flounders and flops. The NYMEX Henry Hub front-month contract briefly went above $3/MMBtu earlier this year, but since that time, it’s had a hard time staying above $2. It’s depressing. From time to time, we bring you predictions from various studies and government agencies. Just yesterday, we told you that EIA’s monthly Short-Term Energy Outlook predicts an average HH price of $2.50 in 2024, and $3.30 in 2025 (see July STEO Predicts U.S. Natgas Output Declines, Demand Rises 2024). The people who create the price — natural gas traders — often provide unique insights. We have one such trader’s insights into what he believes will happen for the balance of 2024 and into 2025.
    Read More “Gas Trader Predicts NatGas $2.50 in 2024, $3.00+ in 2025 & Beyond”

  • BP | Energy Companies | Industrywide Issues | Research

    Politically Correct BP Says World Taking Too Long to “Transition”

    July 11, 2024July 11, 2024

    No, we’re not talking about transitioning from male to female and female to male, a mental disorder that’s celebrated in popular culture these days. We’re talking about the “other” transitioning — from using fossil fuels to…using nothing, because without fossil fuels, you get nothing when it comes to energy. The left pretends solar and wind energy can power the world, and it’s coming any day now. Except, as we pointed out yesterday, 81.5% of all energy used throughout the world in 2023 came from fossil fuels (see Statistical Review Finds Fossil Fuels Provide 81.5% of World Energy). To force humans away from using fossil fuels is to force a mass extinction event. But, because all of the cool kids claim the world is (or should be) transitioning away from fossil fuels, some, even in the oil and gas industry, play along. Like the fools at BP, formerly British Petroleum.
    Read More “Politically Correct BP Says World Taking Too Long to “Transition””

  • Carbon Capture | Industrywide Issues

    Occidental Fleeces Microsoft into Buying Carbon Indulgences

    July 11, 2024July 11, 2024

    Maybe the oil and gas industry will get the last laugh after all. We’ve written many posts comparing carbon offsets/credits to the practice of the Catholic Church selling indulgences in the Middle Ages to absolve you of your sins (see our stories here). But that doesn’t really work. Your sins don’t magically go away if you pay money. It’s the same with carbon offsets or carbon credits. Companies that buy an offset can keep right on “polluting” or emitting CO2. The overall level of CO2 “pollution” doesn’t change. Typically, oil and gas companies buy such offsets to “prove” they are worthy of continuing to extract oil and gas. This time around, it’s an oil company that’s doing the selling!
    Read More “Occidental Fleeces Microsoft into Buying Carbon Indulgences”

  • Best of the Rest

    Other Stories of Interest: Thu, Jul 11, 2024

    July 11, 2024July 11, 2024

    OTHER U.S. REGIONS: Tellurian gets FERC approval for Driftwood completion; New York to roll out small shampoo bottle ban at hotels; INTERNATIONAL: Houthi attacks in Red Sea sharply increase.
    Read More “Other Stories of Interest: Thu, Jul 11, 2024”

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