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M-U Rig Count Stays @ 39 for 6th Week; Nat’l Count Drops 1 @ 543
The Marcellus/Utica rig count gained 1 rig six weeks ago in the Ohio Utica, bringing the total to 39 rigs. For the past six reports in a row, the M-U has maintained that count—the most rigs it has operated in more than a year. Pennsylvania has held at 18 active rigs for nine consecutive weeks. Ohio has operated 14 rigs for six straight weeks (its highest in over a year). And West Virginia maintained 7 rigs, which it has operated since May 30, 2025. There were 24 rigs targeting the Marcellus and 15 targeting the Utica. The national count lost 1 rig last week, bringing the total down to 543 active rigs. Read More “M-U Rig Count Stays @ 39 for 6th Week; Nat’l Count Drops 1 @ 543”
We recently became aware of an Ohio Supreme Court decision that affects producers (i.e., drillers) and, by extension, potentially affects royalties for landowners and rights owners. In E. Ohio Gas Co. v. Croce, the Supreme Court affirmed that the Public Utilities Commission of Ohio (PUCO) has exclusive jurisdiction over claims brought by natural gas producers against Dominion Energy. The producers alleged conversion and unjust enrichment, claiming Dominion sold their excess gas without compensation. The producers tried to litigate the matter in the courts. But the Supreme Court ruled that, in these types of cases, PUCO has primary jurisdiction—not the courts. 
Wow, talk about strange bedfellows! On Friday, the White House joined the 13 governors whose states in whole or in part are served by the PJM Interconnection electric grid, the largest grid in the country, to propose a solution that “protects consumers” from soaring electric rates due to the addition of new AI data centers. While some of the ideas discussed were good, others (such as an anti-capitalist price cap) were not. We’ll explain. 
Last week, the EPA proposed a new rule (copy below) to restrict states’ and Native American tribes’ ability to block major projects, such as pipelines and data centers, by abusing the Clean Water Act. By narrowing Section 401 reviews to focus solely on direct water pollution, the Trump administration seeks to accelerate fossil fuel infrastructure and AI development through increased regulatory predictability. This move reverses Biden-era policies that allowed for never-ending environmental evaluations. While administration officials argue these constraints prevent unnecessary delays, environmental radicals contend the proposal undermines local authority to protect drinking water and ecosystems. A final rule is expected this spring. 
The U.S. Energy Information Administration (EIA) predicts U.S. electricity generation will reach 4,423 billion kilowatthours by 2027, driven by steady annual growth. That’s up 3.7% from 4,260 billion KWH in 2025. While natural gas remains the primary power source, its market share is slipping alongside coal, which is declining 5% annually due to plant retirements. Dispatchable (on-demand) sources of electricity generation (natural gas, coal, and nuclear) accounted for 75% of total generation in 2025, but EIA expects their share to fall to about 72% in 2027. EIA expects the combined share of generation from solar and wind power (unreliable renewables) to rise from about 18% in 2025 to about 21% in 2027. Renewables are still minuscule compared to dispatchable natural gas and coal—which is as it should be if you care anything about energy security. 
MARCELLUS/UTICA REGION: The grid is warning Pennsylvania; OTHER U.S. REGIONS: Valero to cut 200+ jobs as California refinery closes; Pipeline construction reaches an 18-year high on natural gas demand; Michigan to study white hydrogen’s potential; NATIONAL: U.S. natural gas slips ahead of long weekend; EIA inventory report weighs on futures despite cold forecast; How to add 300 gigawatts of nuclear energy by 2050; Should data center companies learn from the fracking boom?; Top 6 American energy trends to watch in 2026; Trump sends a geothermal love letter to coal, oil, and natural gas; INTERNATIONAL: Crude settles higher after volatile week; Canada comes to grips with financial and energy needs.