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  • Ascent Resources | Beaver County | Belmont County | Bradford County | Chesapeake Energy | Coterra Energy (Cabot O&G) | Encino Energy | Energy Companies | EQT Corp | Greene County (PA) | HG Energy | Lewis County | Monroe County | Ohio | PennEnergy Resources | Pennsylvania | Range Resources Corp | Susquehanna County | Tuscarawas County | Washington County | Weekly Permits | West Virginia

    34 New Shale Well Permits Issued for PA-OH-WV Nov 4 – 10

    November 15, 2024November 22, 2024

    For the week of Nov 4 – 10, permits issued in the Marcellus/Utica came roaring back with a total of 34 permits issued (up from 13 issued the prior week). There were some VERY interesting things to note about some of the permits issued. The Keystone State (PA) issued 16 new permits, with five going to Range Resources in Washington County. And that’s the first of three interesting things to note. All five Range permits were issued for Cecil Township, which recently passed a ban on new fracking via a 2,500-foot setback regulation (see Cecil Twp Supervisors Pull the Trigger on Frack Ban Via Setbacks). Read More “34 New Shale Well Permits Issued for PA-OH-WV Nov 4 – 10”

  • Energy Companies | Equinor/Statoil | Industrywide Issues | Lease & Royalty Payments | Litigation | Pennsylvania | Wyoming County (PA)

    Fed District Court Sends Pennsylvania Royalty Dispute to Trial

    November 15, 2024November 15, 2024

    MDN first reported on a lawsuit by a group of Wyoming County, PA, landowners back in January 2019 (see Fed Court Allows PA Royalty Lawsuit Against Chesapeake to Proceed). The lawsuit was originally filed in February 2018 by landowners against Chesapeake Energy and Equinor, claiming post-production deductions were made from royalty checks that should not have been allowed. Here we are nearly seven years later, and the case is about to go to trial following a decision by the U.S. District Court for the Middle District of Pennsylvania. Read More “Fed District Court Sends Pennsylvania Royalty Dispute to Trial”

  • Energy Companies | Industrywide Issues | Mahoning County | Ohio | Shell | Supply Chain

    Y&S Railroad Expanding Youngstown Yard to Service Cracker, M-U

    November 15, 2024November 15, 2024

    We’re a sucker for a railroad story. There’s something magical about railroads, dontcha think? We spotted a railroad story that ties in with the Marcellus/Utica. Yesterday morning, the Ohio Rail Development Commission (ORDC) voted to approve a project (and back it with a grant) in Youngstown, Ohio. It is a significant, large-scale project by the Youngstown & Southeastern Railroad to create what will be called the Lansingville Yard. The new yard will serve customers related to the M-U, including the Shell ethane cracker in nearby Beaver County. Read More “Y&S Railroad Expanding Youngstown Yard to Service Cracker, M-U”

  • Electrical Generation | Industrywide Issues | Kentucky

    Kentucky Utility Plans to Build 4 New Gas-Fired Power Plants

    November 15, 2024November 15, 2024

    Yesterday, the East Kentucky Power Cooperative (EKPC), a nonprofit power generation and transmission electric utility with headquarters in Winchester, Kentucky, announced plans to build two new natural gas-fired power plants and convert its two existing coal-fired power plants to burn natural gas. That’s four new gas-fired power plants coming to two different counties, one county in the northern part of the state, the other in the southern part. While no mention was made of the source of gas to be used, it’s a safe bet the molecules will come from the Marcellus/Utica. Read More “Kentucky Utility Plans to Build 4 New Gas-Fired Power Plants”

  • Electrical Generation | Industrywide Issues | Litigation | New York | Niagara County | Regulation

    Court Rescinds Approval of WNY Gas-Fired Plant Sale to Bitcoin Co.

    November 15, 2024November 15, 2024

    In September 2022, the New York Public Service Commission (PSC), which oversees and regulates public utilities in the state, approved the takeover of the Fortistar gas-fired power plant in North Tonawanda, NY, a town close to Niagara Falls, by Canadian crypto mining company Digihost. In December 2022, the Federal Energy Regulatory Commission (FERC) offered its blessing too. All of which prompted the radicals of Earthjustice, representing two other disgusting radical groups—the Sierra Club and Clean Air Coalition of Western New York—to sue (see Green Radicals Sue NYS for Approving Niagara Falls Bitcoin Plant). Fortunately, the lawsuit didn’t stop the transfer, which happened in early 2023 (see Canadian Bitcoin Operator Completes Purchase of WNY Gas-Fired Plant). However, Earthjustice continued to pursue its lawsuit and yesterday got a ruling from a state court to nullify the PSC’s original approval of the sale to Digihost. Read More “Court Rescinds Approval of WNY Gas-Fired Plant Sale to Bitcoin Co.”

  • Industrywide Issues | Lease & Royalty Payments | M&A

    PHX Response to WhiteHawk Energy’s Latest Marriage Proposal: NO!

    November 15, 2024November 15, 2024
    Runaway Bride

    Our observation is that WhiteHawk Energy is smitten with PHX Minerals. For the last 15 months, WhiteHawk has been trying to get PHX down the marriage aisle in any way it can. PHX has repeatedly given WhiteHawk the cold shoulder. WhiteHawk’s latest attempt, which we told you about yesterday, was an appeal to PHX shareholders to pressure the board to sell at $4 per share (see WhiteHawk Energy Keeps Up Public Pressure to Make PHX Merge). PHX didn’t waste any time responding. It was a resounding NO! Read More “PHX Response to WhiteHawk Energy’s Latest Marriage Proposal: NO!”

  • Energy Companies | Energy Corporation of America

    ECA Marcellus Trust I Gives Investors Half-Cent Dividend for 3Q24

    November 15, 2024November 15, 2024

    ECA Marcellus Trust I, the royalty interest holder in some of the wells drilled and maintained by Greylock Energy in Greene County, PA, announced Wednesday that it will issue a half-cent dividend to unitholders for the third quarter of 2024. The company paid no dividend in 2Q24. The company continues to hold back some profits ($90,000 in 3Q24) to build a cash reserve for “future known, anticipated or contingent expenses or liabilities.” Read More “ECA Marcellus Trust I Gives Investors Half-Cent Dividend for 3Q24”

  • Best of the Rest

    Other Stories of Interest: Fri, Nov 15, 2024

    November 15, 2024November 15, 2024

    OTHER U.S. REGIONS: Exxon plans to cut almost 400 Pioneer jobs in Texas by 2026; NATIONAL: BMI says Trump presidency breeds new uncertainty for oil price; Trump weighs ‘fearless’ fracking advocate for top energy post; INTERNATIONAL: Germany rejects Russian natural gas shipments; Trump’s tariffs won’t curb EU’s reliance on U.S. LNG. Read More “Other Stories of Interest: Fri, Nov 15, 2024”

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