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27 New Shale Well Permits Issued for PA-OH-WV Jun 23 – 29
For the week of June 23 – 29, the number of permits issued to drill new wells in the Marcellus/Utica rose slightly from the previous week. There were 27 new permits issued across the three M-U states last week, up three from 24 issued two weeks ago. The Keystone State (PA) issued 10 new permits. Six of the ten permits went to EQT for a single pad in Greene County. Two permits were issued to Range Resources for a pad in Washington County. And one permit each was issued to Coterra Energy in Susquehanna County (in Dimock!), and Infinity Natural Resources in Indiana County. Read More “27 New Shale Well Permits Issued for PA-OH-WV Jun 23 – 29”
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. 
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.