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28 New Shale Well Permits Issued for PA-OH-WV Oct 24-30
Something of an improvement from last week’s new permits report when there were only 11 new permits. For the week of October 24-30, there were 28 new permits. But not because of the return of new permits in Pennsylvania. Instead, Ohio was the shining light. PA reported 11 new permits, all of them in Lycoming County, with seven going to Repsol and four going to Inflection Energy. Ohio issued 16 new permits, with Encino Energy grabbing six, Southwestern Energy getting five, and Ascent Energy receiving four. Finally, WV had a single new permit, for Tug Hill Operating (soon to be EQT), in Wetzel County.
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Ascent Resources, originally founded as American Energy Partners by gas legend Aubrey McClendon, is a privately-held company that focuses 100% on the Ohio Utica Shale. Ascent is Ohio’s largest natural gas producer (337,000 leased acres) and the 8th largest natural gas producer in the U.S. The company issued its second quarter update yesterday. Ascent averaged production of 2.0 Bcfe/d for the quarter, the same as 1Q22 and virtually the same as 2Q21. By the end of June, Ascent was producing 2.2 Bcfe/d. Nearly all of Ascent’s production (93%) was natural gas, while the rest was oil and NGLs.
On July 1, just as everyone was heading out the door for summer vacation, Ascent Resources announced it is buying another 26,800 acres in the Ohio Utica for $270 million (see 
In 2016 Laclede Group (later renamed to Spire), a St. Louis-based natural gas utility, said it planned to build a 65-mile pipeline from St. Louis through southwest Illinois and connect to the Rockies Express (REX) and Panhandle Eastern Pipeline (see