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27 New Shale Well Permits Issued for PA-OH-WV Dec 4 – 10

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.
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Other Stories of Interest: Thu, Dec 14, 2023

MARCELLUS/UTICA REGION: Gov. Shapiro wants unilateral power to commit state to RGGI; OTHER U.S. REGIONS: ExxonMobil pushes back timeline for startup of Golden Pass LNG; Japan energy companies seek US approvals for CP2 LNG; Leftists petition Bidenistas to block Calcasieu Pass 2 LNG; NATIONAL: Turning the problem into the solution in natural gas power plants; US helps forge global group to measure natgas emissions.
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Other Stories of Interest: Wed, Dec 13, 2023

OTHER U.S. REGIONS: M&A deals in Permian basin exceeds $100 billion in 2023; NATIONAL: Natgas prices plummet amid high US production, warm weather; Deskless oil workers say they’re viewed as expendable; Extreme cold still poses reliability challenge for power generators; Supreme Court dismisses challenge to EPA ruling on GHGs; INTERNATIONAL: COP28 deal signals role for gas in clean energy transition; What does China and India know about coal that Biden and Dems don’t?
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Other Stories of Interest: Fri, Dec 8, 2023

NATIONAL: Crude continues losing streak in saturated market; Poll finds people don’t want to “electrify everything”; INTERNATIONAL: $50B Woodside/Santos merger creates world-class LNG biz; Fears grow that fossil fuel firms will capture hydrogen industry; Green groups at COP28 demand U.S. halt support for LNG.
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Other Stories of Interest: Thu, Dec 7, 2023

OTHER U.S. REGIONS: Associated natgas tripled since 2018 in top three Permian oil plays; Upstream Texas O&G sector grows by additional 2,200 jobs; NATIONAL: U.S. natgas sinks to three-month lows on mild weather outlook; Analysts see US gas storage surplus narrowing in bullish EIA report; No amount of subsidies will make a wind/solar electric system feasible.
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Other Stories of Interest: Wed, Dec 6, 2023

NATIONAL: WVU research helps power plants recycle water using O&G wastewater; USA oil supply now exceeding high expectations; U.S. push to decarbonize plays out differently from state to state; INTERNATIONAL: John Kerry emits loud fart during speech at climate panel.
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Other Stories of Interest: Fri, Dec 1, 2023

NATIONAL: Natural gas extends losing streak on surprise storage build; Elliott takes $1 billion stake in Phillips 66, seeks two board seats; INTERNATIONAL: Greek shipping giant warns Panama Canal chaos may hit Suez; Opec+ production cuts leave oil market skeptical; Contract awarded for pipeline to Saguaro LNG; Global CO2 emissions rise through 2050 in most IEO2023 cases.
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Other Stories of Interest: Thu, Nov 30, 2023

MARCELLUS/UTICA REGION: Governor’s appeal of greenhouse gas decision wrong; NATIONAL: Well productivity gains clash with cost inflation in U.S. oil patch; INTERNATIONAL: Europe continuing to rely heavily on natural gas; Long-term LNG contracts offer Europe supply security.
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Other Stories of Interest: Wed, Nov 29, 2023

NATIONAL: Icon of the Seas officially joins Royal Caribbean; What’s the future of natgas, hydrogen internal combustion engines?; Airline strikes deal to bury carbon in biomass bricks; INTERNATIONAL: OPEC+ talks hit stalemate; What does Milei’s presidential win mean for O&G in Argentina?; Oil and gas will be needed for ‘decades to come.’
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Other Stories of Interest: Tue, Nov 28, 2023

MARCELLUS/UTICA REGION: A ‘none-of-the-above’ approach to energy is a bad idea; NATIONAL: EVs and hybrids grow to a record-high 18% of U.S. light-duty vehicle sales; New NARUC group to focus on natgas-electric harmonization; Kamala Harris slammed for Thanksgiving post featuring gas stove; Federal energy data paint ugly winter picture; INTERNATIONAL: Saudi Arabia seeks OPEC+ oil quota cuts while some members resist.
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Other Stories of Interest: Mon, Nov 27, 2023

MARCELLUS/UTICA REGION: At the New York Krazy Klimate Konference; OTHER U.S. REGIONS: Landowner near Sulphur refuses to grant pipeline right-of-way; NATIONAL: Former EQT CEO Murry Gerber to retire from BlackRock board; INTERNATIONAL: Panama logjam could benefit Europe as USA LNG cargoes avoid Asia.
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