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12 New Shale Well Permits Issued for PA-OH-WV Nov 25 – Dec 1
For the week of Nov 25 – Dec 1, permits issued in the Marcellus/Utica dropped dramatically. Only 12 new permits were issued last week, less than half the 28 issued the week before. The Keystone State (PA) issued just two new permits, one to EQT in Greene County and the other to Range Resources in Washington County. The Buckeye State (OH) issued six new permits last week. All six went to Encino Energy (EAP), with four in Carroll County and two in Columbiana County. The Mountain State (WV) issued four new permits, three of which went to Southwestern Energy (now Expand Energy) in Ohio County and one to Antero Resources in Tyler County. Read More “12 New Shale Well Permits Issued for PA-OH-WV Nov 25 – Dec 1”
CNX Resources announced yesterday it had struck a deal to buy the assets of Apex Energy II, LLC, a portfolio company of funds managed by Carnelian Energy Capital Management, for $505 million. Apex owns wells, acreage, and pipelines in Westmoreland County, PA. The Apex assets are close to, in some cases adjacent to, CNX’s considerable assets in the region. The deal is expected to close in the first quarter of 2025. 
One month ago, National Fuel Gas Company (NFG) CEO David Bauer confirmed that his company had given up after battling for 10 years to build the Northern Access Pipeline, a 97-mile pipeline from McKean County in Pennsylvania into and through Allegany, Cattaraugus, and Erie counties in New York that would have flowed Marcellus gas into New York State (see 
Come and get it! Only ten companies have applied to plug 77 orphaned wells in Pennsylvania as part of $44.4 million allocated for PA’s Methane Emissions Reduction Program (MERP) grant program. By our calculations, more than $41 million remains in the pot unclaimed. However, the clock is ticking. There is a Dec. 16 deadline to meet if you want some of the money. Use it or lose it. What are you waiting for? 
The research arm of Enverus (formerly Drillinginfo), one of the most trusted, energy-dedicated SaaS platforms offering real-time access to analytics, insights, and benchmark cost and revenue data, earlier this week published a new report on the Utica Shale. The report specifically discusses Utica oil—the production performance for Utica wells, and the economics of the play. The analysts of Enverus conclude that the Utica is “America’s modest middleweight contender.” However, that’s not the biggest news. 
The country’s largest electric grid, PJM Interconnection, which covers all or parts of 13 states, including PA, OH, and WV, has made changes to how it decides which new power plants can connect to the system. The new policy *favors* adding natural gas-fired power over other types of power like unreliable solar and wind. The change comes in response to the rapidly increasing demand for more electricity from data centers and artificial intelligence computing. PJM’s gas-favoring policy change has rankled the environmental left. 
OTHER U.S. REGIONS: Hawaii County official admits climate lawsuits are “another source of funding”; N.C. town accuses utility giant of deceiving the public on climate change; NATIONAL: Harvard set up worthless carbon offsetting scheme that sold millions of junk credits; Gas-fired generation likely needed to maintain reliability for years; Oilfield service consolidation to increase under Trump, report says; INTERNATIONAL: USA Navy destroyers counter attack while escorting USA chemical tanker; OPEC+ delays revival of its oil production by 3 months; Gas price shock set to add to Europe’s industrial pain.