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14 New Shale Well Permits Issued for PA-OH-WV Jul 15 – 21
For the week of July 15 – 21, a total of 14 permits were issued to drill new shale wells in Marcellus/Utica. Pennsylvania issued six new permits, split two each for INR, Chesapeake Energy, and Olympus Energy. Ohio issued eight new permits, all of them to Encino Energy split between two counties. West Virginia issued no new permits last week.
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Range Resources Corporation, the very first company to drill a shale well targeting the Marcellus Shale layer in Pennsylvania (in 2004), issued its second quarter 2024 update earlier this week. Range continues to hold its production relatively flat. During 2Q, Range produced 2.15 Bcfe/d (billion cubic feet equivalent per day), with approximately 69% of production comprised of natural gas and the rest in NGLs and oil. Range’s 2Q24 production is up 3% from 2Q23, but essentially flat from 1Q24 (2.14 Bcfe/d). Steady as she goes. Net income was $28.7 million, down 5% from the same quarter last year.
CNX Resources issued its second quarter update yesterday. MDN will do a deeper dive into the update on Monday. Today, we want to highlight one item “tucked away” in the report that was first noticed by the Pittsburgh Business Times. CNX has a New Technologies Group dedicated to growing the use of natural gas outside of the typical extract-it-and-sell-it-via-pipeline model. In yesterday’s update, CNX said it had sold what it calls ZeroHp CNG to an outside company in July — making CNG (compressed natural gas) right at the well pad without the use of compressors.
Yeah, well, that didn’t take long. Earlier this week, Pennsylvania Josh Shapiro (left-wing Democrat) held a rally with Biden’s EPA chief Michael Regan in Pittsburgh to tout a big old pot of money, $396 million, coming from the feds to PA to essentially buy votes (see 
The Bidenistas at the EPA attacked coal and gas-fired power plants in April, threatening to destabilize the existing electric power grid with new regulations (see 
Real journalism in the U.S. is dead. You know that, right? Once objective and venerable publications like the New York Times, Washington Post, and other mainstream media publications are now nothing more than the public relations arm of the Democrat Party. Their “reporters” don’t report, they spin. They lie. They obfuscate. A case in point is an article by the Bloomberg news service. Kamala Harris is on record (on video) saying she is in favor of a full-on, 100% ban on all fracking in the country. Not just fracking on government land (which was Joementia’s position), but a ban for everyone everywhere. Republicans are now reminding people of her statements and position on this issue, so Bloomberg is covering for Ms. Harris.
MARCELLUS/UTICA REGION: Who is EQT CEO Toby Rice voting for, for President?; Cameron County water well contaminated by wastewater pipeline; NATIONAL: Natgas electric generation in U.S. spiked with July heatwave; Breaking wind; INTERNATIONAL: What is likely to happen at next OPEC+ meeting?