24 New Shale Well Permits Issued for PA-OH-WV Jun 16 – 22
For the week of June 16 – 22, the number of permits issued to drill new wells in the Marcellus/Utica rose from the previous week. There were 24 new permits issued across the three M-U states last week, up six from 18 issued two weeks ago. The Keystone State (PA) issued 16 new permits. Olympus Energy received the most new permits, six, all of them in Westmoreland County (across two pads). Seneca Resources received five permits for one pad in Tioga County. Range Resources scored three permits for a single pad in Washington County. Read More “24 New Shale Well Permits Issued for PA-OH-WV Jun 16 – 22”

EQT Corp. has agreed to pay $167.5 million to investors who claimed the company overstated the benefits of its $6.7 billion merger with Rice Energy, according to a motion filed yesterday seeking preliminary approval of what the investors called the largest-ever stockholder suit deal lodged in Western Pennsylvania federal court. The proposed settlement comes after six years of ongoing litigation.
Newly elected Republican Congressman Rob Bresnahan defeated incumbent Democrat Matt Cartwright in last November’s election to represent Pennsylvania’s 8th Congressional District, located in the northeastern corner of the state. Bresnahan hit the ground running, particularly in addressing energy issues. His district includes Wayne and Pike counties, where landowners have had their right to drill for natural gas seized by the Delaware River Basin Commission (DRBC). Bresnahan recently introduced a bill that’s rapidly progressing, a bill that would heighten DRBC accountability and oversight. We call it putting the DRBC on a short leash. 

U.S. Energy Secretary Chris Wright visited the National Energy Technology Laboratory facility in Morgantown, WV, on Wednesday. While touring the facility, Wright promoted President Trump’s One Big Beautiful Bill Act, which he said contains provisions intended to bolster and support WV’s oil, natural gas, and coal industries. In his comments, Wright called natural gas “the big dog,” but he also emphasized the importance of coal energy. He talked up the importance of WV to the nation’s energy supply.
MARCELLUS/UTICA REGION: Three Mile Island nuclear plant reboot fast-tracked to 2027; Northeast gas demand rises in hot summer start; OTHER U.S. REGIONS: Trump announces Gulf of America oil lease sale spanning area larger than entire UK; NATIONAL: U.S. natural gas futures extend losing streak; Geothermal energy – another nail in the coffin of wind and solar power?; Choice of well tubing plays a key role as horizontal laterals extend their reach; Senate hearing explores China’s role in funding U.S. climate groups; Thanks to the natgas reboot, other countries could help pay down the U.S. debt; INTERNATIONAL: WTI edges up as OPEC+ meeting looms; Russia wants to supply Mexico with LNG, bypassing U.S.; DOE secretary joins criticism of energy agency’s oil forecast.