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Weekly Shale Drilling Permits for PA, OH, WV: Aug 16-22
Last week both Pennsylvania and West Virginia issued permits to drill new shale wells. Ohio remained skunked for a fifth week in a row. PA issued 18 new shale permits, mainly in the western part of the state (a few in the northeast). WV issued 7 new shale permits, all of them for the same pad being drilled by EQT in Wetzel County. This is the second week in a row EQT scored all of WV’s new permits, and the second week in a row they were all in Wetzel County.
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One of our ace tipsters alerted us that Laurel Mountain Energy, a relatively new E&P (exploration and production) company is firing up a drilling rig to drill one, possibly two new Utica wells in Pennsylvania. You may recall MDN brought you the news one year ago that Laurel Mountain, essentially a reborn Vista Resources with big money backing from TPH Partners (Tudor, Pickering, Holt & Co.), had formed and set up headquarters in Pittsburgh (see