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13 New Shale Well Permits Issued for PA-OH-WV Oct 28 – Nov 3
For the week of Oct 27 – Nov 3, there were 13 permits issued to drill Marcellus/Utica wells, down from 17 permits issued the prior week. The Keystone State (PA) had just three new permits, one each for EQT, Range Resources, and Snyder Brothers (three different counties). The Buckeye State (OH) issued no new permits last week. The Mountain State (WV) did most of the heavy lifting by issuing 10 new permits, with most of those (seven) going to Antero Resources in Tyler County. One permit each was issued to Southwestern Energy (now Expand Energy), HG Energy, and Marion Natural Energy. Read More “13 New Shale Well Permits Issued for PA-OH-WV Oct 28 – Nov 3”
Yesterday, Hart Energy held its DUG Appalachia Conference and Expo in Pittsburgh. DUG stands for Developing Unconventional Gas. According to press accounts, folks were smiling, and the atmosphere was a lot more optimistic following Donald Trump’s crushing victory over The Cackler. A number of Marcellus/Utica luminaries attended, including EQT Corp. CEO Toby Rice. In a keynote speech to attendees, Rice had one of (perhaps THE) most memorable lines of the day. He said, “We’re in a different world, and it’s not about drilling, it’s about ‘build baby, build,’ and we need more pipelines.” 
We have a second post about yesterday’s Hart Energy DUG Appalachia event held in Pittsburgh. One of the sessions was an interview with Dennis Degner, CEO of Range Resources, the very first company to drill a Marcellus well back in 2004. Range is a “pure play” company focusing 100% on the Marcellus/Utica. Over the past couple of years, we’ve seen a flurry of mergers and acquisitions, not only here in the M-U but across other plays as well (particularly in the Permian). During the Q&A discussion with Degner, the topic of M&A came up. Degner explained why he and his company have, and will continue, to sit on the sidelines of the M&A craze. 
Two days ago, Energy Transfer (ET), a major midstream (pipeline) company with assets in the Marcellus/Utica, issued its third quarter update. ET has assets in many areas of the country, so there was plenty of discussion about pipelines in other areas. However, the centerpiece of the update and the conference call with analysts was the incredible (and we mean incredible) demand ET is seeing from both gas-fired power plants (new and existing) and data center projects. In his opening remarks, Tom Long, co-CEO of ET, said the company has received requests to connect to approximately 45 power plants the company does not currently serve in 11 states. The demand from those 45 plants would be 6 Bcf per day. In addition, ET has requests from over 40 prospective data centers in 10 states that would use another 10 Bcf/d. A combined 16 Bcf/d of new demand for one company. Incredible! 
In January, Joe Biden announced he would “pause” any approvals for new LNG export plants, with over a dozen requests in the pipeline, for at least one year while his people fart around pretending to figure out how to measure global warming as a new consideration for whether or not to approve projects (see 
How, exactly, did the Marcellus Shale come to be? What spurred early interest to spend millions of dollars to sink a well in the Marcellus with the hope (gamble) that natural gas would flow from it? We all know that Range Resources sunk that first well in 2004, but there was a LOT that happened before to tee up the Marcellus as a potential target. The Marcellus Shale layer has been known about since the late 1800s. However, it wasn’t until the 1970s and the Yom Kippur War that serious interest in the Marcellus as a source of natural gas began in earnest. 
MARCELLUS/UTICA REGION: PA state senators weigh in on possible changes under Trump; Republican victory – David McCormick flips PA Senate seat; NATIONAL: From oil to EVs, Trump return set to shake up energy policy; Clean power operators strike cooperative tone over Trump return; What Trump’s reelection could mean for the IRA, offshore wind; Trump set to go after measures that are doing the most to fight climate change; Post-election outlook for midstream sector; INTERNATIONAL: Panama to cancel flags on four US-sanctioned LNG vessels; WTI and Brent climb as traders weigh mixed market signals.