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Apex Energy Grabs 25 of 40 Parcels in OH Wayne Nat’l Forest Sale
It’s a sellout, and we now have the full scorecard. On Tuesday, the Bureau of Land Management (BLM) auctioned drilling rights to 40 parcels of federal minerals under Ohio’s Wayne National Forest (WNF), and every parcel found a buyer. The 2,776.84 acres in Monroe and Washington counties brought $11,097,693 in total receipts. Five companies won leases, and one of them, Apex Energy Operating III LLC, walked off with nearly two-thirds of the acreage. We have BLM’s full parcel-by-parcel results, embedded below. It’s the first federal lease sale in the WNF since March 2017. Read More “Apex Energy Grabs 25 of 40 Parcels in OH Wayne Nat’l Forest Sale”
The Marcellus/Utica region received 8 new drilling permits last week, August 3 – 9, down 7 from two weeks ago. Pitiful. (Cue Linda Ronstadt’s “
In June, we reported that the Pennsylvania Environmental Hearing Board (EHB), a special court in PA that hears appeals of decisions made by the Department of Environmental Protection (DEP), had ruled in favor of CNX Resources to allow two previously permitted wells in Penn Township (Westmoreland County) to move forward with construction (see 
The special court established in Pennsylvania to hear appeals of Department of Environmental Protection (DEP) decisions, known as the Environmental Hearing Board (EHB), didn’t please anyone with a decision it rendered several weeks ago. We previously reported that the EHB had ruled in favor of CNX Resources to allow two previously permitted wells to move forward with construction (see 
A leftist anti-fossil group calling itself Protect PT (Penn-Trafford), located in Westmoreland County, PA, backed with big money from Big Green groups, has for years challenged Penn Township ordinances that allow Apex Energy (now CNX Resources) to drill and operate shale wells. Protect PT finally struck out (legally) at the Pennsylvania Supreme Court in May 2020 (see 
For the week of Jan 27 – Feb 2, the number of permits issued in the Marcellus/Utica to drill new shale wells recovered from the previous week. Two weeks ago, only 7 new permits were issued. Last week, the number increased to 22 new permits issued. Whereas the Keystone State (PA) issued no new permits two weeks ago, PA issued 13 new permits last week. Six of those permits went to Apex Energy in Westmoreland County. Five permits were issued to EQT (Rice Drilling) in Greene and Lycoming counties. And two permits went to Expand Energy (Chesapeake) in Bradford County. 
Yesterday, CNX Resources issued its fourth quarter and full-year 2024 update. The company lost $145 million for the quarter, compared with a profit of $514 million in 4Q23. Production was 141.9 Bcfe (billion cubic feet equivalent) in 4Q24 — which works out to 1.54 Bcfe/d — down from 146.9 Bcfe last year (a drop of 3.4%). Drilling all but stopped during 3Q, and that trend continued in 4Q. The company drilled just one new Utica well in central PA. However, CNX fracked nine wells and brought six wells online to sales in southwestern PA. 
Enverus Intelligence Research (EIR), a subsidiary of Enverus, issued a summary of the fourth quarter and full-year 2024 upstream M&A (mergers and acquisitions) activity yesterday. Two of the top five M&A deals include deals in the Marcellus/Utica. Coming in at #3 on the list was EQT’s sale of non-operated assets to Equinor for $1.25 billion in October (see 
In December, CNX Resources announced it had struck a deal to buy the assets of Apex Energy II, LLC, a portfolio company of funds managed by Carnelian Energy Capital Management, for $505 million (see 
CNX Resources announced in December that it had struck a deal to buy the assets of Apex Energy II, LLC, a portfolio company of funds managed by Carnelian Energy Capital Management, for $505 million (see 
A leftist anti-fossil group calling itself Protect PT (Penn-Trafford), located in Westmoreland County, PA, backed with big money from Big Green groups, has for years challenged Penn Township ordinances that allow Apex Energy and Huntley & Huntley (now Olympus Energy) to drill and operate shale wells. Protect PT finally struck out (legally) at the Pennsylvania Supreme Court in May 2020 (see 
Last December, Murrysville (PA) Council members voted to lease land for shale drilling under two town parks—Duff Park and Murrysville Community Park (see