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30 New Shale Well Permits Issued for PA-OH-WV Dec 30 – Jan 5

For the week of Dec 30 – Jan 5, permits issued in the Marcellus/Utica rebounded from holiday lows. There were 30 new permits issued last week, up from just 12 issued the week before. The Keystone State (PA) issued nine new permits, with six going to Range Resources in Allegheny County and three to EQT, split between Lycoming and Washington counties. Read More “30 New Shale Well Permits Issued for PA-OH-WV Dec 30 – Jan 5”

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12 New Shale Well Permits Issued for PA-OH-WV Dec 23 – 29

For the week of Dec 23 – 29, permits issued in the Marcellus/Utica took a dive, which isn’t surprising given it was the end of the year. There were only 12 new permits issued for Dec. 23 – 29, less than half the 27 issued the week before. The Keystone State (PA) issued seven new permits, with five going to Repsol in Bradford and Tioga counties and two going to EQT (and Rice, owned by EQT) in Greene County. Buckeye State (OH) issued five new permits, all of which went to Encino Energy (EAP) in Carroll and Harrison counties. The Mountain State (WV), issuing precisely zero new permits. Must be the WV DEP folks were out of the office for the holiday. Read More “12 New Shale Well Permits Issued for PA-OH-WV Dec 23 – 29”

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27 New Shale Well Permits Issued for PA-OH-WV Dec 16 – 22

For the week of Dec 16 – 22, permits issued in the Marcellus/Utica remained healthy. There were 27 new permits issued last week, up from 22 issued the week before. In something of an unusual twist, the Keystone State (PA) issued just four new permits, all of them to different drillers. PennEnergy Resources’ permit was in Beaver County; Seneca Resources’ permit was in Tioga County; and Range Resources and EQT (Rice) each had one permit in Washington County. Read More “27 New Shale Well Permits Issued for PA-OH-WV Dec 16 – 22”

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EQT Closes Midstream JV Deal with Blackstone for $3.5 Billion

A little over one month ago, we confirmed a rumor that we previously reported regarding EQT Corporation selling a minority stake in its newly-acquired midstream assets from Equitrans to investment firm Blackstone in return for $3.5 billion in cold, hard cash (see Reuters Was Right – Blackstone Paying EQT $3.5B for Pipeline Stake). The deal is now done as of Dec. 30. Read More “EQT Closes Midstream JV Deal with Blackstone for $3.5 Billion”

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Details for Surface Owners re Diversified Deal to Plug Wells

In November, MDN told you that Diversified Energy and EQT Corporation had settled a class action lawsuit originally brought by several West Virginia landowners (see EQT, Diversified Settle WV Class Action Lawsuit re Old Wells). Diversified and EQT are ponying up $3.25 million each ($6.5 million total) with requirements for Diversified to plug more wells on an advanced schedule in West Virginia, Ohio, Pennsylvania, Kentucky, Virginia, and Tennessee. Who, exactly, is affected by this settlement? A new court-ordered website provides some answers. Read More “Details for Surface Owners re Diversified Deal to Plug Wells”

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28 New Shale Well Permits Issued for PA-OH-WV Dec 2 – 8

For the week of Dec 2 – 8, permits issued in the Marcellus/Utica bounced back nicely. There were 28 new permits issued last week, more than doubling the 12 issued the week before (and matching the 28 issued three weeks ago). The Keystone State (PA) issued 18 new permits, with eight going to EQT spread across three counties: Jefferson, Lycoming, and Washington. Chesapeake Energy (now Expand Energy) received four permits, all of them in northeastern PA’s Wyoming County. CNX Resource scooped up two permits, both in Westmoreland County. The final four permits were singles issued to Blackhill Energy (Bradford County), XPR Resources (Centre County), Inflection Energy (Lycoming County), and Olympus Energy (Allegheny County). Read More “28 New Shale Well Permits Issued for PA-OH-WV Dec 2 – 8”

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12 New Shale Well Permits Issued for PA-OH-WV Nov 25 – Dec 1

For the week of Nov 25 – Dec 1, permits issued in the Marcellus/Utica dropped dramatically. Only 12 new permits were issued last week, less than half the 28 issued the week before. The Keystone State (PA) issued just two new permits, one to EQT in Greene County and the other to Range Resources in Washington County. The Buckeye State (OH) issued six new permits last week. All six went to Encino Energy (EAP), with four in Carroll County and two in Columbiana County. The Mountain State (WV) issued four new permits, three of which went to Southwestern Energy (now Expand Energy) in Ohio County and one to Antero Resources in Tyler County. Read More “12 New Shale Well Permits Issued for PA-OH-WV Nov 25 – Dec 1”

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EQT Hits Back at Greene Co. Landowners Claiming Water Contamination

This post is to catch you up on the latest developments in a class action lawsuit related to a frac-out, or “inadvertent return” that happened when EQT Corp. drilled a well in Greene County, PA, in 2022 (see Possible Frac-Out Reported at EQT Well Site in Greene County, PA). A frac-out happens when drilling mud pops out of places where it’s not supposed to — places outside the borehole being drilled. People living in the area claim EQT ruined their drinking water. EQT recently filed a motion asking the court to declare the landowners “in contempt” for refusing to share the data their “experts” claim to have that supposedly shows a connection between EQT’s drilling and fouled water supplies. Read More “EQT Hits Back at Greene Co. Landowners Claiming Water Contamination”

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Where M-U Drilling is Now, Where Might It Be Headed Next

According to an extensive report appearing on the World Oil website (and in the November issue of the magazine), multiple possible futures lie ahead for the Marcellus and Utica shales. So, which future will come to pass? Today, both industry and government see the Marcellus and Utica formations as tremendous opportunities for companies and state governments, with domestically produced energy, jobs, and a huge economic impact. Read More “Where M-U Drilling is Now, Where Might It Be Headed Next”

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Mountain Valley Pipeline’s Final Cost Pegged at Nearly $10 Billion

When EQT first announced it intended to build the Mountain Valley Pipeline (MVP), stretching from Wetzel County, WV, to Pittsylvania County, VA, the project came with an estimated price tag of $3.5 billion and an estimated completion date of 2018 (see Mountain Valley Pipeline Files FERC Appl, Now Just Matter of Time). By the time it finally began operating earlier this year (10 years later!), the estimated cost had risen to $7.85 billion (see Confirmed: M-U Gas Now Flowing Through Mountain Valley Pipeline). Except, that number was not the true final cost either. According to a recent filing with the Federal Energy Regulatory Commission (FERC), the final cost to build MVP was $9.67 billion. Read More “Mountain Valley Pipeline’s Final Cost Pegged at Nearly $10 Billion”

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28 New Shale Well Permits Issued for PA-OH-WV Nov 18 – 24

For the week of Nov 18 – 24, permits issued in the Marcellus/Utica continued to be strong, with 28 new permits issued, down just two from the 30 issued the prior week. The Keystone State (PA) issued 11 new permits, with five going to CNX Resources, all in Allegheny County. Two permits were issued to Southwestern Energy (now Expand Energy) in Lycoming County. The remaining four were single permits issued to EQT Corporation (Greene County), Infinity Natural Resources (Indiana County), Range Resources (Washington County), and Apex Energy (Westmoreland County). Read More “28 New Shale Well Permits Issued for PA-OH-WV Nov 18 – 24”

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EQT’s Path to Net Zero Plants Trees Rather Than Buys Carbon Credits

As we’ve stated many times, we’re not fans of so-called “net zero.” Net zero emissions refer to balancing the amount of greenhouse gases (GHG) emitted into the atmosphere with an equivalent amount of GHG removed, resulting in no net increase in atmospheric GHG concentrations. Scope 1 and 2 emissions are part of the broader framework defined by the Greenhouse Gas Protocol, which divides emissions into three categories (Scopes 1, 2, and 3) based on their source. We told you in October that EQT Corporation had achieved net zero for Scopes 1 and 2 about a year earlier than expected (see EQT Hits “Net Zero” Scope 1 & 2 Emissions Targets Early). Today’s post is about how EQT achieves net zero, which differs from many of its peers. Read More “EQT’s Path to Net Zero Plants Trees Rather Than Buys Carbon Credits”

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Reuters Was Right – Blackstone Paying EQT $3.5B for Pipeline Stake

Just about one month ago, Reuters reported that sources “familiar with the matter” whispered to its reporters that private equity firm Blackstone is “in advanced talks” to acquire minority stakes in the interstate natural gas pipelines now owned by EQT Corp. (following its purchase of Equitrans Midstream) for a whopping $3.5 billion (see Blackstone Seeks to Buy Pipeline Stake from EQT for $3.5 Billion). The sources were right! This morning, EQT issued a press release to announce a deal for Blackstone to invest $3.5 billion in the company’s midstream (pipeline) assets. Read More “Reuters Was Right – Blackstone Paying EQT $3.5B for Pipeline Stake”

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SRBC Approved 1 New, 41 Renewed Water Requests for Shale Wells

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 for responsible and safe shale drilling. The Pennsylvania Bulletin from this past Saturday (Nov. 23) carried an official notice from the SRBC that the agency’s Executive Director gave his approval to one new and 41 renewed general water use permits in October for individual shale gas wells in Bradford, Centre, Clearfield, Clinton, Lycoming, Susquehanna, Tioga and Wyoming counties. Read More “SRBC Approved 1 New, 41 Renewed Water Requests for Shale Wells”

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The Rise of EQT CEO Toby Rice is “Nothing Short of Spectacular”

Toby Rice

PublicSource, an independent non-profit news organization based in Pittsburgh, published what can only be described as a “puff piece” on EQT Corporation CEO Toby Rice. The article covers Rice’s recent interactions with candidate Donald Trump in Mar-a-Lago (in April), his recent appearance at a climate event in New York City (where he was “only flipped off one time”), and it even reaches back to interview Toby’s college baseball coach. The reporter paints a fascinating look at Rice and his rise to prominence in the Marcellus shale. The “father of the Marcellus,” Terry Engelder, was asked for his insights on Rice. He said, “The rise of Toby is nothing short of spectacular.” Indeed. Read More “The Rise of EQT CEO Toby Rice is “Nothing Short of Spectacular””

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30 New Shale Well Permits Issued for PA-OH-WV Nov 11 – 17

For the week of Nov 11 – 17, permits issued in the Marcellus/Utica were strong, with 30 new permits issued, down just slightly from the 34 issued the prior week (but way up from the piddly numbers issued in prior weeks). The Keystone State (PA) issued 16 new permits, with seven going to Range Resources, all in Washington County. Six permits went to EQT in Lycoming County. Two permits were issued to Olympus Energy in Westmoreland County. A single permit was issued to Chesapeake Energy (now Expand Energy) in Susquehanna County. Read More “30 New Shale Well Permits Issued for PA-OH-WV Nov 11 – 17”