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Marcellus Drilling News
  • Energy Companies | Range Resources Corp

    Range Keeps 2 Rigs, 1 Frac Crew, Plans to Drill 46 Wells in 2025

    February 27, 2025February 27, 2025

    Range Resources Corporation, the very first company to drill a shale well targeting the Marcellus Shale layer in Pennsylvania (in 2004), issued its fourth quarter and full-year 2024 update yesterday. Range produced 2.20 Bcfe/d in Q4. For all of 2024, the company averaged 2.18 Bcfe/d, approximately 68% natural gas. The company reported completing (bringing online to sales) 44 shale wells in all of 2024. While Range did not specify how many wells it drilled during 4Q24, using data from the 3Q24 update when it had completed 30 wells at that point, Range brought an additional 14 new wells online during 4Q. Read More “Range Keeps 2 Rigs, 1 Frac Crew, Plans to Drill 46 Wells in 2025”

  • Energy Companies | Industrywide Issues | IOG Resources | M&A | Ohio | Statewide OH

    IOG Resources II Announces Eastern Ohio Utica Non-Op Acquisition

    February 27, 2025February 27, 2025

    Here’s a company we’ve not written about since 2021: IOG Capital and its subsidiary IOG Resources. Back in 2015 we first told you that IOG Capital had cut a deal with Seneca Resources to fund Seneca’s Marcellus drilling program in Elk, McKean and Cameron counties in northcentral Pennsylvania (see Seneca Res. Cuts Deal with IOG Capital to Fund Up to 80 PA Wells). Seneca announced in 2016 that its deal with IOG had been revised and extended from funding 75 wells to funding 82 wells (see Seneca Resources & IOG Extend JV to Drill More Wells in PA). IOG, via its subsidiary IOG Resources, reported in 2021 that it purchased nonoperating interests in 77 producing Utica wells from Sequel Energy for an undisclosed amount (see IOG Resources Buys 77 Nonoperated Utica Wells from Sequel Energy). IOG is back investing in more M-U assets, this time in the Ohio Utica Shale. Read More “IOG Resources II Announces Eastern Ohio Utica Non-Op Acquisition”

  • Doddridge County | DT Midstream | Electrical Generation | Energy Services | Industrywide Issues | Pipelines | West Virginia

    DT Midstream Signs Deal to Provide Gas to Massive WV Power Plant

    February 27, 2025February 27, 2025

    You know we delight in connecting the dots that others often miss. We spotted big news in the quarterly update for DT Midstream (DTM), headquartered in Detroit, which owns major assets in the Marcellus/Utica region and other regions like the Haynesville. Earlier this year the company closed on the purchase of three pipeline systems, two of which flow Marcellus/Utica molecules (see DT Midstream Closes on 2 Interstate Pipelines with M-U Connections). Reading through a transcript of the quarterly conference call with analysts, MDN spotted what we consider big news (ignored by the media). DTM has two new deals to provide natural gas (Marcellus/Utica gas) via its pipelines to gas-fired power plants—one of which is a massive project in West Virginia. Read More “DT Midstream Signs Deal to Provide Gas to Massive WV Power Plant”

  • Industrywide Issues | Pennsylvania | Regulation | Statewide PA

    PA DEP Can’t Wait to Give Away $396M of “Restored” $2.1B from Feds

    February 27, 2025February 27, 2025

    As we reported two days ago, Pennsylvania Gov. Josh Shapiro, acting like a junkie cut off from his drugs, finally got the Trump administration to restart the flow of drugs (i.e., money) that had been paused to give Elon Musk’s DOGErs a chance to ensure the payments are legit (see PA Gov. Claims Victory in Un-Pausing $2B in Energy-Related Pymts). Much of the money was earmarked for environmental programs. No sooner had the spigots reopened than Shapiro and his Department of Environmental Protection (DEP) began advertising that they have $396 million burning a hole in their pockets. Read More “PA DEP Can’t Wait to Give Away $396M of “Restored” $2.1B from Feds”

  • Industrywide Issues | Pennsylvania | Regulation | Statewide PA

    PA DEP Still Spends 5X More to Plug Orphaned Wells Than Other States

    February 27, 2025February 27, 2025

    We explored an important issue last September—the ballooning cost of plugging orphaned oil and gas wells in Pennsylvania (see PA DEP Spending WAY Too Much to Plug Abandoned/Orphaned Wells). As a reminder, abandoned wells are those with no production for at least 12 months in a row. Orphaned wells were abandoned before 1985, and the owner is unknown, so the responsibility for plugging them rests with the state. The problem is that when the state runs the program and must conform to federal employment regulations (to use federal funds), the per-well cost to plug wells goes through the roof. The cost PA is paying (continues to pay) to plug wells is roughly five times as much as other states. What the heck is going on? Read More “PA DEP Still Spends 5X More to Plug Orphaned Wells Than Other States”

  • Geothermal | Industrywide Issues | Pennsylvania | Research | Statewide PA

    PA Study Promotes Geothermal with Aim to Kill Off Shale Energy

    February 27, 2025February 27, 2025

    In September 2023, MDN told you about a non-profit organization called Project InnerSpace, which was contacting public officials, academics, and oil and gas interests in Pennsylvania, pitching a transition from fossil fuel extraction to geothermal energy using the same workers and potentially, the same infrastructure (see Siren Song of Geothermal Calls to PA Conventional & Shale Drillers). In January 2023, Project InnerSpace published a “first-of-its-kind, landmark study” titled “The Future of Geothermal in Texas.” The organization then turned its sights on two more O&G states: Pennsylvania and Oklahoma. Project Innerspace announced in December 2023 it would research and publish reports for PA & OK (see Project InnerSpace Conducting PA Geothermal Study Aimed at O&G). Yesterday, Project InnerSpace, collaborating with Pennsylvania State University and working with 10 contributors from four Pennsylvania institutions, published “The Future of Geothermal in Pennsylvania” report (copy below). The aim is to convince oil and gas drillers that they have a better future drilling for geothermal rather than fossil energy. We say it’s a load of (expletive deleted). Read More “PA Study Promotes Geothermal with Aim to Kill Off Shale Energy”

  • Best of the Rest

    Other Stories of Interest: Thu, Feb 27, 2025

    February 27, 2025February 27, 2025

    OTHER U.S. REGIONS: Air Products cancels green hydrogen plant planned for New York; NATIONAL: Chevron makes leadership changes in simplification push; Are we ever likely to see an AI CEO at an oil and gas company?; White House says Trump meant EPA will cut 65 percent of spending, not staff; INTERNATIONAL: BP refocuses on oil amid Elliott pressure, but cuts buybacks. Read More “Other Stories of Interest: Thu, Feb 27, 2025”

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