| | | | | |

Pa. Court Orders October Trial Date for Coterra v. Dimock Anti

Ray Kemble and his lawyers are in for a tough court fight. The Susquehanna County (PA) Court of Common Pleas has set a date of October 6, 2025, to hear a “Dimock” case between Kemble (and his lawyers) and Coterra Energy (originally Cabot Oil & Gas), in a case that stretches back to 2017. In a damning decision against Kemble’s lawyers in 2023, the judge found they repeatedly refused to provide documents in the case even though ordered to by the judge (see Coterra Energy Wins Court Victory Against Dimock Anti’s Lawyers). Not only that, but the lawyers destroyed evidence! They destroyed computers with emails and documents and even destroyed hard-copy documents to avoid handing them over to the court. The trial that begins in October will determine how much the plaintiff (Coterra Energy) will receive after being wronged by these fractivist lawyers. Get ready to pay up. Read More “Pa. Court Orders October Trial Date for Coterra v. Dimock Anti”

| | | | | | | | | | |

4Q Earnings for M-U Drillers Bounced Back After Down First 3 Qtrs

The experts at RBN Energy track 38 exploration and production (E&P) companies to monitor financial and operational performance. In a recent blog post, RBN found the 10 gas-weighted E&Ps (all but one with significant operations in the Marcellus/Utica) experienced a rebound in earnings during Q4 2024 after a rough first three quarters of the year. Earnings for the 10 gas-weighted E&Ps averaged $3.02/boe (barrels of oil equivalent) in Q4 2024 after losses in Q2 and Q3 2024. Cash flow averaged $10.18/boe, 52% higher than the $6.71/boe generated in Q3 2024. Realized prices averaged nearly $18/boe in Q4 2024, 24% higher than the $14.52/boe recorded in Q3 2024. Things are looking up for M-U drillers. Read More “4Q Earnings for M-U Drillers Bounced Back After Down First 3 Qtrs”

| | | | | | | | | | | | | | | | | |

SRBC Approved 50 (!) Shale Gas Well Pad Water Use Permits in Feb.

The highly functional and responsible Susquehanna River Basin Commission (SRBC), unlike its completely dysfunctional and irresponsible cousin, the Delaware River Basin Commission (DRBC), continues to support the shale energy industry by approving water withdrawals and consumptive use for responsible and safe shale drilling. The SRBC published a notice in the March 29 Pennsylvania Bulletin that the Executive Director of the SRBC gave his approval to or renewed 50 (!) general water use permits in February for individual shale gas well drilling pads in Bradford, Centre, Clearfield, Clinton, Lycoming, Potter, Susquehanna, and Tioga counties in Pennsylvania. Read More “SRBC Approved 50 (!) Shale Gas Well Pad Water Use Permits in Feb.”

| | | | | | | | | | | | | | | | | | | | |

SRBC Renews Water Use Permits for 34 Marcellus/Utica Shale Pads

The highly functional and responsible Susquehanna River Basin Commission (SRBC), unlike its completely dysfunctional and irresponsible cousin, the Delaware River Basin Commission (DRBC), continues to support the shale energy industry by approving water withdrawals and consumptive use for responsible and safe shale drilling. The SRBC published a notice in the March 22 Pennsylvania Bulletin that the Commission renewed 34 general water use permits in January for individual shale gas well drilling pads in Bradford, Centre, Clinton, Elk, Lycoming, Sullivan, Susquehanna, Tioga, and Wyoming counties. Read More “SRBC Renews Water Use Permits for 34 Marcellus/Utica Shale Pads”

| | | | | | | | | | | | | | | | |

22 New Shale Well Permits Issued for PA-OH-WV Mar 3 – 9

For the week of Mar 3 – 9, the number of permits issued in the Marcellus/Utica to drill new shale wells increased by six from the previous week. Last week, 22 new permits were issued, with 13 (more than half) going to the Keystone State (PA). Expand Energy (Chesapeake Energy) scored five permits for a single pad in Bradford County. Coterra Energy also received five permits for a single pad in neighboring Susquehanna County. EQT had two new permits for a single pad in Washington County. And Range Resources rounded out PA’s permits with a single permit in Washington County. Read More “22 New Shale Well Permits Issued for PA-OH-WV Mar 3 – 9”

|

Two More Exits (Retirements) from Coterra Energy Management Team

Last week we told you that it is the end of an era with the retirement of Dan Dinges from the Coterra Board of Directors (see Dan Dinges, Former Cabot O&G CEO, Retiring from Coterra Board). Dinges served as Chairman, President, and CEO of Cabot Oil & Gas Corporation from May 2002 until the company’s merger with Cimarex Energy in October 2021, forming Coterra. The company announced yesterday two more retirements, one who was a long-time member of the Cabot (now Coterra) management team. Read More “Two More Exits (Retirements) from Coterra Energy Management Team”

| | | | | |

Small Wastewater Spill at Coterra Energy Well Pad in Northeast Pa.

Bridgewater Township

The Pennsylvania Department of Environmental Protection (DEP) reports an estimated 300 barrels (12,600 gallons) of brine wastewater leaked at the Diaz Family Shale Gas Drilling Well Pad 2 owned by Coterra Energy, Inc. in Bridgewater Township, Susquehanna County. Unfortunately, some of the fluid escaped containment and seeped into surrounding areas outside the well pad. The incident was discovered on Wednesday, Feb. 19. What happened? Read More “Small Wastewater Spill at Coterra Energy Well Pad in Northeast Pa.”

| | | | | | | | |

Trump Intent on Building Constitution Pipeline from PA into NY & New England

Two weeks ago, MDN brought you the exciting news that President Trump pledged to get the long-dead Pennsylvania Marcellus to New York State Constitution Pipeline built (see Stop Press! Trump Pledges to Revive PA-to-NY Constitution Pipeline). Since then, we’ve eagerly monitored the news to see if there has been any indication that the builder, Williams, is interested in reviving the project. So far, nothing. But there is active chatter on X (formerly Twitter) and elsewhere. Read More “Trump Intent on Building Constitution Pipeline from PA into NY & New England”

| | |

Coterra Restarting Marcellus Drilling in Early 2Q – Return to Dimock

Coterra Energy, formed by the merger of Cabot Oil & Gas (drills for natural gas in the Marcellus) and Cimarex Energy (drills for oil in the Permian and Anadarko basins), issued its fourth quarter and full-year 2024 update yesterday. The headline news (for us) is that the company announced it will restart its Marcellus drilling program in Susquehanna County, PA, “in the coming months” of early 2Q25. Whew! That puts a big, fat smile on our face. Also of note: Coterra exited 2024 with a three-year production high in the Marcellus, although that statement is not backed up with the raw data. Coterra produced 2,042.8 MMcf/d (2.04 Bcf/d) in 4Q24, versus producing 2,304.9 MMcf/d (2.30 Bcf/d) in 4Q23—11% less than the year ago period. In the bowels of the report, we learned that the company had stopped curtailing production in December. So, must be the “production high” was the rate flowing in December. Read More “Coterra Restarting Marcellus Drilling in Early 2Q – Return to Dimock”

|

Dan Dinges, Former Cabot O&G CEO, Retiring from Coterra Board

Dan Dinges

It’s the end of an era. Coterra Energy Inc. yesterday announced that Dan O. Dinges and Robert S. Boswell plan to retire from the Board of Directors at the end of their current term and not stand for re-election at Coterra’s 2025 annual meeting of stockholders. Dan Dinges served as Chairman, President, and CEO of Cabot Oil & Gas for 20 years, with nearly 40 total years of executive management experience in the oil and gas exploration and production business. Dan’s leadership at Cabot and his impact on the shale gas industry in the Pennsylvania Marcellus cannot be overstated. He was a giant in our industry. Read More “Dan Dinges, Former Cabot O&G CEO, Retiring from Coterra Board”

| | | | | | | | | |

Stop Press! Trump Pledges to Revive PA-to-NY Constitution Pipeline

Never in our wildest dreams did we see this one coming. And we must caution against too much hope. However, we are JAZZED. Last Friday, President Trump signed yet another executive order. This EO creates the National Energy Dominance Council, directing the new council to move quickly to increase domestic oil and gas production (see our companion post today for details). During comments with reporters at the EO signing, Trump vowed to complete the long-dead Pennsylvania Marcellus to New York State Constitution Pipeline! Trump’s own words: “We are going to get this done, and once we start construction, we’re looking at anywhere from nine to 12 months.” Holy smokes!!!! Read More “Stop Press! Trump Pledges to Revive PA-to-NY Constitution Pipeline”

|

Wellington Mgmt Makes Major Investment in Coterra, Now Owns 11%

We spotted some news on the investor website GuruFocus that surprised us. Major investment firm Wellington Management Group made “a significant” addition to its portfolio by acquiring 10,406,240 shares of Coterra Energy on Jan. 31. The company paid $27.72 per share, a $288 million investment. But that’s not the biggest surprise. Wellington already owned a significant number of shares. With the addition of the recent 10.4 million shares, Wellington now owns 81,616,253, or 11.1% of Coterra’s total shares. Wellington is one of the largest investor/owners of Coterra Energy. Read More “Wellington Mgmt Makes Major Investment in Coterra, Now Owns 11%”

| | | | | | | |

2 of Top 5 Upstream M&A Deals in 4Q Were in the Marcellus/Utica

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 EQT Sells Remaining Nonop Assets in NE Pa. for $1.25 Billion). Coming in at #5 on the list was CNX Resources’ purchase of Apex Energy for $505 million in December (see CNX Resources Buys Apex Energy for $505M, Adds Pa. M-U Assets). Read More “2 of Top 5 Upstream M&A Deals in 4Q Were in the Marcellus/Utica”

| | |

Coterra Energy Closes Deal to Buy Permian Assets for $3.9 Billion

Last November, Coterra Energy announced it would buy “certain assets of Franklin Mountain Energy and Avant Natural Resources” located in the Permian (see Siren Song: Coterra Energy Buys Permian Assets for $4 Billion). The purchase (two deals) gives Coterra another 49,000 acres in Lea County, New Mexico, with 400-550 net Permian oil-drilling locations. The deal closed yesterday. So, what does that have to do with the Marcellus? Read More “Coterra Energy Closes Deal to Buy Permian Assets for $3.9 Billion”

| | | | | | | | | | | | | | | | |

SRBC Approves 18 New & Renewed Water Use Permits for M-U Pads

The highly functional and responsible Susquehanna River Basin Commission (SRBC), unlike its completely dysfunctional and irresponsible cousin, the Delaware River Basin Commission (DRBC), continues to support the shale energy industry by approving water withdrawals and consumptive use for responsible and safe shale drilling. The SRBC published a notice in the January 25 Pennsylvania Bulletin that the Executive Director of the SRBC gave his approval to or renewed 18 general water use permits in December for individual shale gas well drilling pads in Bradford, Cameron, Centre, Clearfield, Lycoming, Susquehanna, and Tioga counties. Read More “SRBC Approves 18 New & Renewed Water Use Permits for M-U Pads”

| | | | | | | |

Gas Drillers Had Best Shareholder Returns in 2024; Investor Love

The experts at RBN Energy recently analyzed the Q3 2024 financial results for the gas-focused producers the company tracks (mainly Marcellus/Utica producers). The gas-weighted E&Ps RBN follows had the best total shareholder return performance of the three peer groups they tracked through the first nine months of 2024, with a median gain of 14%. On the high side, CNX Resources’ share price was amazing, up more than 60% for the first nine months of last year. On the other end, Coterra Energy’s share price lost value. Read More “Gas Drillers Had Best Shareholder Returns in 2024; Investor Love”