PA Loses 2 Rigs from Marcellus, Combined M-U Lowest Since Nov. 2025
Last week was not a good week for the national rig count nor the count in the Marcellus/Utica. The national count dropped by 9 rigs to 543, while Pennsylvania lost 2 rigs and now operates 18, a level it hasn’t seen since January of this year. Both Ohio and West Virginia maintained the same counts last week at 11 and 8, respectively. The combined M-U count was 37 rigs last week, the lowest number since the Nov. 18, 2025, rig count report. Yuck. Read More “PA Loses 2 Rigs from Marcellus, Combined M-U Lowest Since Nov. 2025”
The Ohio Oil and Gas Land Management Commission (OGLMC) voted on Friday to open more than 8,700 acres of public land, including an additional 513 acres under Salt Fork State Park and 8,236 acres under Egypt Valley Wildlife Area, for shale fracking. This move makes Egypt Valley the largest fracking project *under* (not on) state-owned land, despite vociferous public opposition from citizens and left-wing environmentalists. The next step in the process is to put the parcels out for bid. 
Upper Burrell residents (Westmoreland County, PA) recently received notifications from consulting firm Verdanterra regarding upcoming surveying for natural gas lateral wells. These horizontal wells will be drilled from EQT’s Hermes well pad in neighboring Murrysville (also in Westmoreland County), following EQT’s recent acquisition of Olympus Energy. While Township Supervisor Chairman Ross Walker described the process as a standard, “innocuous” procedure conducted by foot without land disturbance, the project highlights the increasing length of well laterals in the Appalachian region. 
EQT is leveraging its position as the largest natural gas producer in the Marcellus/Utica (second largest in the country) to transition from a “single-target” driller to a “multi-bench” developer. The company aims to drill in more of the M-U’s “stacked pay zones.” What are the zones (layers) that EQT will target in addition to the Marcellus? And where is it experimenting with stacked pay zones right now? 
In a March 25, 2026, decision in the Omni Energy Group, LLC v. Ohio Department of Natural Resources court case, Judge Algenon L. Marbley from the U.S. District Court for the Southern District of Ohio dismissed Omni’s amended complaint regarding Class II injection well permits. Omni alleged that the ODNR unlawfully set injection pressures too low, rendering its multimillion-dollar investment in two injection wells inoperable. This case goes back to events that began in 2019, events we previously covered in a 2024 post (see 
Venture Global (VG) and Edison S.p.A., an Italian electric utility company headquartered in Milan, have signed a commercial agreement to fully resolve their pending arbitration regarding the Calcasieu Pass LNG project. Expected to conclude by the end of Q2 2026, the settlement terminates all legal disputes between the companies. As part of the deal, VG will deliver additional LNG cargoes to Europe, specifically targeting the Italian market through the Adriatic LNG Terminal starting in May 2026. This agreement strengthens their long-term partnership and enhances Italy’s energy security amidst global geopolitical disruptions. 
OTHER U.S. REGIONS: NYS plan to open state forests to solar and wind “massive step in the wrong direction”; NATIONAL: U.S. natural gas gains as April contract expires; Execs predict what price WTI oil will hit in future; Energy Capital Partners proceeds with caution on gas-fired power plant deals; Here’s the long-term case for investing in producers of oil and natural gas; Democrats revive a Jimmy Carter tax mistake on ‘windfall’ profits; Climate lawfare is stalling America’s energy future; INTERNATIONAL: Oil jumps as war risks intensify; Treasury Sec says Hormuz insurance program to start soon; Crude oil and LNG supply are at risk of the worst-possible scenario.