Ascent Resources | Bradford County | CNX Resources | EQT Corp | Greene County (PA) | Guernsey County | Monongalia County | Northeast Natural Energy | Ohio | Olympus/Huntley & Huntley | Pennsylvania | Tilden Bradford | Weekly Permits | West Virginia | Westmoreland County
Weekly Shale Drilling Permits for PA, OH, WV: Apr 19-23
All three M-U states received permits to drill new shale wells last week. Pennsylvania received a 6 new permits, most of them in the southwestern part of the state. Ohio received 4 new permits last week, all of them for Ascent Resources on the same Guernsey County pad. And West Virginia received 6 new permits split between CNX Resources and Northeast Natural Energy, all in one county: Monongalia.
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All three M-U states received permits to drill new shale wells last week. Pennsylvania received a whopping 17 new permits spread across various counties and drillers. Ohio received just 2 new permits last week, both for Ascent Resources on the same pad. And West Virginia received a big 12 new permits split between two drillers: Antero Resources and Tug Hill Operating.
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 and the 8th largest natural gas producer in the U.S. The company issued its fourth-quarter and full-year 2020 update earlier this week. According to Ascent CEO Jeff Fisher, “Ascent has successfully delivered on its operational and financial objectives in 2020.” Ascent reports it shut-in (curtailed) roughly 100 million cubic feet equivalent per day (MMcfe/d) of production in 4Q. The company produced 1.9 billion cubic feet per day (Bcfe/d) during 4Q, down from 2 Bcfe/d in 3Q.
Here’s a company we’ve not written about since 2016: IOG Capital. Back in 2015 we first told you that IOG Capital had cut a deal with Seneca Resources to fund Seneca’s Marcellus drilling program in Elk, McKean and Cameron counties in northcentral Pennsylvania (see 
Yesterday Hart Energy held its annual (always excellent) DUG (Developing Unconventional Gas) East event. Normally the event is held at the Convention Center in Pittsburgh. This year it was an all-virtual event. Among the speakers were CNX CEO Nick Deluliis, PennEnergy Resources CEO Rich Weber, and Ascent Resources CEO Jeff Fisher. While it’s not all blue skies and sunshine ahead, all three CEOs painted a picture of 2021 that’s better than 2020.
Ascent Resources has listed for sale two “packages” of its assets in the core of the Utica Shale in Ohio. One package contains a non-operated interest in 68 wells and 1,362 net leasehold acres. The second package includes a royalty interest in 10 wells and 106 net revenue interest acres. Details on where the assets are located (which counties) and other details are in the listing below.