Campbell Oil & Gas | Clearfield County | Energy Companies | EQT Corp | Greene County (PA) | Pennsylvania | Weekly Permits
10 New Shale Well Permits Issued for PA-OH-WV Aug 4 – 10
For the week of August 4 – 10, the number of permits issued to drill new wells in the Marcellus/Utica dropped like a rock from the previous week. It was lousy. There were 10 new permits issued across the three M-U states last week, 24 fewer than the 34 issued two weeks ago. Pennsylvania was the only state to issue new permits. Both Ohio and West Virginia got skunked with ZERO new permits. The story in PA is the story of a single well pad. Nine of the 10 permits issued in PA were for a series of wells on a single pad in Greene County for EQT (under the name of Rice Drilling). The other permit was issued to Campbell Oil & Gas for a well in Clearfield County. Read More “10 New Shale Well Permits Issued for PA-OH-WV Aug 4 – 10”
Morgantown, WV-based Hope Utilities announced yesterday that its subsidiary, Northeast Ohio Natural Gas Corporation (NEO), will build, operate, and maintain a pipeline (and associated natural gas facilities) to supply a fuel cell project being developed by American Electric Power (AEP) to power a data center in central Ohio. The details are (so far) thin. We don’t know how much the project will cost or which data center it will power. This isn’t the first such pipeline project announced to feed an AEP-powered data center. 
According to a leftist Democrat publication, Signal Ohio, what was “supposed to be a sleepy, county-level Republican meeting where political allies get on the same page” turned into a shouting match between Marietta City Council President Susan Vessels (a Republican) and State Senator Brian Chavez (a Republican and Chairman of the Senate Energy Committee). The heated discussion revolved around wastewater injection wells and their proximity to city water supplies. Chavez is the former CEO of DeepRock Disposal Solutions, which currently operates four injection wells near Marietta and has applied to build a fifth. 
We spotted a Financial Times article with an intriguing title: Opec oil ‘price war’ will halt shale boom, say US producers. The FT is the UK equivalent of our Wall Street Journal. Although it tilts a bit left, the reporting is usually pretty reliable, so we trust it (for the most part). We learned a few important things from this article. First is that the break-even price for U.S. shale drillers to make a profit is $65 per barrel. If oil remains below that point, new drilling stops. Second, one producer claimed his company would not “put any more rigs out” until prices get back to, and stabilize at, $75 per barrel. 
MARCELLUS/UTICA REGION: New law focused on energy production takes effect; OTHER U.S. REGIONS: New York ignores consumer costs for climate goals—and pays the price; New York’s official energy plan is no plan; Wave of LNG FIDs and data center mania spur a flood of gas pipelines projects; NATIONAL: Kelcy Warren among energy leaders who transformed American oil and gas; To win the AI race, we need to build out American transmission; INTERNATIONAL: Oil climbs from two-month lows; Choosing the positive reality of hydrocarbons over ‘green’ fantasies.