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PA Re-Adds a Rig to 14; National Rig Count Even 3rd Week @ 585
Three weeks ago, Pennsylvania’s rig count dropped to just 12 rigs, the lowest that state has operated in the last 17 years (see PA Drops Another Rig to 17-Year Low; National Rig Count Even @ 585). Two weeks ago, PA picked up a rig, returning to 13 active rigs. Last week, Baker Hughes reported PA added yet another rig, and the state count is now at 14. Almost three months ago (as of August 23), PA operated 21 rigs for perspective. Last week, Ohio and West Virginia maintained their respective counts of 10 active rigs each. The combined count in the M-U stands at 34. Read More “PA Re-Adds a Rig to 14; National Rig Count Even 3rd Week @ 585”
In August, MDN brought you up to speed on a lawsuit filed by several West Virginia landowners (turned into a class action) against Diversified Energy and EQT over EQT’s sale of 11,350 conventional wells and 2.5 million acres of leases spread across several states, including West Virginia (see 
National Fuel Gas Company (NFG), headquartered in Buffalo, NY, is the parent company for Marcellus/Utica driller Seneca Resources and the parent of midstream company NFG Midstream (and subsidiary Empire Pipeline). Last week, NFG issued its latest quarterly update. During the quarter (considered the company’s fourth quarter), Seneca produced 91.9 Bcf (billion cubic feet) of natural gas, an increase of 1.8 Bcf (2%) from the prior year. Due to the sucky prices for natural gas in the Marcellus/Utica basin area, Seneca curtailed (shut-in) 1.5 Bcf during the quarter. 
In May, MDN told you that several Republican Pennsylvania State Senators were planning to introduce a bill to cut off millions of dollars in impact fee revenues to municipalities that set protective standards on the development of natural gas that “imposes a standard or condition on well development that conflicts with or exceeds those contained” in state law (see 
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