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24 New Shale Well Permits Issued for PA-OH-WV Nov 3 – 9
You knew the number of new permits issued in the M-U would come back down to earth sooner or later. Last week it happened. After three consecutive weeks with numbers of 37, 39, and 37, the number of new permits issued fell to 24 last week. Still respectable, but not in the coveted 30s. Pennsylvania issued 16 new permits last week, up from 13 the prior week. Ohio issued 6 new permits, down from 8 the prior week. West Virginia was shut out, issuing no new permits last week, which was the main reason why the number fell precipitously. Read More “24 New Shale Well Permits Issued for PA-OH-WV Nov 3 – 9”
We continue to win so much, it feels strange. But hey, we can get used to it! Back in April 2021, we reported that the leftist Democrats who run the North Carolina Department of Environmental Quality (NCDEQ) had, for the third time, rejected giving the Mountain Valley Pipeline (MVP) Southgate project a necessary Clean Water Act (CWA) Section 401 water quality certification permit (see 
Infinity Natural Resources (INR), headquartered in Morgantown, WV, focuses 100% on the Marcellus/Utica. The company went public earlier this year with a $265 million ($20/share) initial public offering, giving INR a $1.18 billion market capitalization (see 
In April, Knighthead Capital Management, Homer City Redevelopment (HCR), and Kiewit Power Constructors Co. announced a plan to convert the former Homer City Generating Station, previously the largest coal-fired power plant in Pennsylvania (Indiana County, 50 miles east of Pittsburgh) into a more than 3,200-acre natural gas-powered data center campus, designed to meet the growing demand for artificial intelligence (AI) and high-performance computing (see 
One month ago, we reported that Ohio Republican Senators had introduced Senate Bill (SB) 219, the first significant update to Ohio’s oil and gas laws since the Kasich administration more than a decade ago (see 
U.S. retail natural gas prices are rising across all sectors due to higher wholesale costs, particularly the Henry Hub spot price, which is expected to increase by 58% in 2025 compared to 2024. This increase translates unevenly to consumers. Electric power plants and the industrial sector are expected to see the most significant price hikes, forecast at 37% and 21%, respectively, as their costs are more directly tied to fluctuations in wholesale prices. Residential and commercial customers, however, are expected to experience smaller increases of 4% each. This smaller impact is due to utilities adjusting their rates more gradually, and wholesale commodity costs constitute a smaller portion of the final retail bill for these sectors, which also include significant fixed charges for transportation and distribution. 
MARCELLUS/UTICA REGION: WV announces more than $4B in energy investments in past month; OTHER U.S. REGIONS: NY Climate Act fork in the road; Hochul enrages environmentalists with shift to ‘all of the above’ energy policy; Mike Kennealy calls for review of Massachusetts’ green energy programs; NATIONAL: Natural gas prices hit highest level since invasion of Ukraine; Six US states to watch as rising gas prices drive a coal comeback; Chevron sees oil prices under ‘more pressure’ than LNG next year; INTERNATIONAL: Crude settles higher; This year’s UN climate summit in Brazil, COP30, is a green flop; Paris Climate Accord’s demise—James Hansen was right; Five EU countries import €938 million in Russian oil and LNG in October.