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27 New Shale Well Permits Issued for PA-OH-WV Sep 22 – 28
For the week of September 22 – 29, the number of permits issued to drill new wells in the Marcellus/Utica increased from the previous week. There were 27 new permits issued across the three M-U states last week, up three from 24 issued two weeks ago. Pennsylvania issued 18 permits in four counties. Ohio issued nine permits, also in four counties. West Virginia got skunked last week, issuing zero new permits. Read More “27 New Shale Well Permits Issued for PA-OH-WV Sep 22 – 28”
Carrie Crumpton, Vice President of Environmental Strategy, presented on behalf of CNX Resources at the recent 2025 Shale Insight Conference. Carrie provided an overview and update on CNX’s 
Ohio State University (OSU) is constructing two natural gas combustion turbine generators and one steam turbine generator with a maximum power generating capacity of 105.5 megawatts of electricity and 285 kilopounds per hour of steam. It’s being built on 1.35 acres at OSU’s main campus in Franklin County (see 
DT Midstream, Inc. announced yesterday that it has closed a successful binding open season (signup period) to award expansion capacity on its Guardian Pipeline. DT awarded capacity to five shippers totaling 328 MMcf/d (million cubic feet per day, equivalent to 328,000 dekatherms per day) with a targeted in-service date of November 1, 2028. Guardian is an approximately 260-mile interstate pipeline with a current capacity of approximately 1.3 Bcf/d (billion cubic feet per day) serving key Wisconsin demand centers. And yes, Guardian flows at least some Marcellus/Utica molecules. 
Disappointingly, the Trump Federal Trade Commission (FTC) voted 3-0 to maintain a “consent order” that prevents private equity firm Quantum Energy Partners from owning stock in EQT and prohibits the CEO of Quantum from serving on EQT’s Board of Directors. This is all to do with EQT’s purchase of fellow driller Tug Hill in 2023. In September 2022, EQT announced a deal to buy privately owned Tug Hill Operating’s West Virginia shale assets (90,000 acres and 800 MMcf/d of production in West Virginia) for roughly $5.2 billion (see 
Gas-fired power plants in the Marcellus/Utica region (and beyond) continue to change hands at a rapid pace. In May, Vistra Corp. announced a deal to acquire seven natural gas-fired power plants, totaling approximately 2,600 MW of capacity, from Lotus Infrastructure Partners (see 
Although we’re seeing an increase in both natural gas demand and production, combining these factors with relatively normal winter weather, economic indicators and natural gas storage levels, the Natural Gas Supply Association (NGSA) is projecting “flat” pressure on natural gas prices compared to last winter, according to the NGSA’s annual Winter Outlook forecast of the wholesale winter natural gas market (full copy below). The NGSA 2025-2026 Winter Outlook, a forecast of the wholesale winter natural gas market, compared the upcoming winter to the winter of 2024-2025 when the average Henry Hub price of natural gas was $3.76 per MMBtu. “Winter” is defined as the period from November through March, the industry’s traditional winter heating season. 
OTHER U.S. REGIONS: Trump’s hydrogen bombshell; Climate lawfare faces a key inflection point in Maryland high court; NATIONAL: Natural gas price snaps winning streak despite small inventory rise; Goldman leaves Henry Hub forecasts steady, eyes medium-term tightness; Trump keeps oil permits moving in shutdown; The top-performing energy stocks of Q3 2025; INTERNATIONAL: WTI sinks below $61 on supply fears; Big Oil’s short-term worries mask bullish long term.