10 New Shale Well Permits Issued for PA-OH-WV Jan 19 – 25
The Marcellus/Utica region received a combined 10 new drilling permits last week, Jan. 19 – 25, down significantly from the 27 issued two weeks ago. Pennsylvania issued 6 new permits, Ohio issued 4, and West Virginia issued none. The drillers receiving new permits last week included: Ascent Resources, EOG Resources, Expand Energy, and Pennsylvania General Energy. Read More “10 New Shale Well Permits Issued for PA-OH-WV Jan 19 – 25”

All the major media outlets (Reuters, Bloomberg, Financial Times) are reporting that a merger announcement between Coterra Energy and Devon Energy is very close, likely to happen next week, according to sources “familiar with the discussions.” MDN reported on the rumors of a potential merger earlier this month (see 
Yesterday, the NYMEX natural gas March futures contract became the “front month” contract after the previous February contract expired. As we reported, the February contract went into the stratosphere, closing at $7.46/MMBtu based on something called a short squeeze (see
National Fuel Gas Company (NFG) is an integrated natural gas company with a regulated utility business, a shale drilling business (Seneca Resources), and a pipeline business (NFG Midstream, Empire Pipeline). The company issued its fiscal first quarter update yesterday, which is everyone else’s calendar fourth quarter update. The company reported that Seneca produced 109 Bcf of natural gas, an increase of 11 Bcf, or 12%, from the prior year, due to new Utica pads that came online in Tioga County.
Industrial Energy Consumers of America (IECA), a trade group representing some of the largest energy consumers in the U.S. (i.e., manufacturers), on Wednesday sent a letter to Energy Secretary Chris Wright urging the immediate suspension of spot LNG exports to reduce natural gas and electricity prices and ensure reliability. This raises many questions, such as how much of our LNG exports are spot/cash and how much are under long-term contracts. Would suspending spot LNG exports be beneficial for consumers? Is this anti-free market?
In December, representatives from Chesapeake Utilities and BHE GT&S, a subsidiary of Berkshire Hathaway Energy, presented a proposal to the Port Canaveral Authority to construct a new liquid natural gas (LNG) liquefaction facility in Brevard County, FL (see
MARCELLUS/UTICA REGION: Meeting set to air concerns about proposed Homer City power plant and data center; OTHER U.S. REGIONS: Petroleum electricity generation surpassed natural gas in New England during winter storm; New England’s clean energy connect provided little power during the storm; New England would save billions by replacing mandated renewables with nukes and natgas; Poll finds New England women feel misled about climate policies; Galveston LNG Bunker Port teams up with TOTE to build Jones Act bunker fleet; N.J. Gov. Mikie Sherrill issues state of emergency on energy costs; It’s a new heyday for gas thanks to data centers; NATIONAL: USA crude oil stocks drop week on week; Real environmental crisis is not climate change; House Judiciary Committee escalates climate litigation probe; Prediction of liquid accumulation in a shale gas pipeline; INTERNATIONAL: Brent settles above $70 as Iran tensions rise; Guardian questions plastic science, sparking activist feud; France’s Rhone gas pipeline expects full restart later this year.