Coterra Energy (Cabot O&G) | Energy Companies | Industrywide Issues | Pennsylvania | Regulation | Susquehanna County
Coterra Fined $299K for Methane Migration in 13 PA Water Wells
Here we go again. We can see the headlines now: Dimock II…Paging Josh Fox!…Shale Drilling Contaminates Water Wells, Again. Coterra Energy is responsible for methane migrating more than a mile away to 13 “water supplies” (wells?) located around a nearby lake, according to the Pennsylvania Department of Environmental Protection (DEP). The offending nine wells sit on the Housel R Well Pad 1 in Susquehanna County’s Lenox Township. Coincidentally, Lenox Township is not all that far from Dimock Township. Read More “Coterra Fined $299K for Methane Migration in 13 PA Water Wells”
For the week of July 7 – 13, the number of permits issued to drill new wells in the Marcellus/Utica remained the same as the previous week. There were 21 new permits issued across the three M-U states last week. The Keystone State (PA) issued seven new permits. Range Resources secured three permits, spread across Beaver and Washington counties, in the southwestern part of the state. Seneca Resources received two permits in Tioga County, in the northeastern part of the state. Greylock Energy and Coterra Energy each received a single permit, in Potter and Susquehanna counties, respectively. 
Coterra Energy CEO Tom Jorden had a sit-down interview at the 2025 J.P. Morgan Energy, Power, Renewables and Mining Conference on Tuesday of this week. Coterra is the successor company of Cabot Oil & Gas after Cabot merged with Cimarex Energy in October 2021 (see 
The highly functional and responsible Susquehanna River Basin Commission (SRBC), unlike its highly dysfunctional and irresponsible counterpart, 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 June 21 Pennsylvania Bulletin that the Executive Director of the SRBC renewed 38 general water use permits in May for individual shale gas well drilling pads in Bradford, Cameron, Clearfield, Lycoming, Susquehanna, Tioga, and Wyoming counties in Pennsylvania. So far in 2025, the SRBC has issued or renewed 225 general water use permits for shale gas development. 
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 first quarter 2025 update last week. There was a lot of news coming from the update. However, two things stood out for us: (1) Coterra confirmed that talks to revive the Constitution Pipeline project are underway now, and (2) the company is drilling again in the PA Marcellus and may add another $50 million to 2025’s planned $300 million budget for the Marcellus. 
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 
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.