Other Stories of Interest: Thu, Jan 11, 2024
NATIONAL: EIA expects relatively flat crude oil prices in 2024 and 2025; Distinguishing gas gathering pipelines from transmission; Why the U.S. Senate must reject Joe Goffman for the EPA; Biden uses taxpayer protections to prop up wind, gut oil; API warns against U.S. slowing LNG exports; INTERNATIONAL: USA, UK shoot down 21 drones, missiles over Red Sea; Japan’s Kyushu Electric may invest in Lake Charles LNG.
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New shale permits issued for Dec 4 – 10 in the Marcellus/Utica were up by 2 over the previous week. There were 27 new permits issued last week versus 25 issued two weeks ago. However, there was a major surprise! Last week’s permit tally included 8 new permits in Pennsylvania, 9 new permits in Ohio, and 10 new permits in West Virginia. The pattern is typically the opposite, with PA receiving the most permits and WV the least. The company receiving the most permits last week was EQT Corporation, with all 10 of WV’s permits all on the same well pad in Marion County.