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Weekly Shale Drilling Permits for PA, OH, WV: May 10-16
All three M-U states received permits to drill new shale wells last week. Pennsylvania received a sizable 14 new permits (after receiving 18 permits the previous week). The majority of those permits were for wells on three pads in northeastern PA. Ohio received 3 new permits last week all in one county (Greene) for one driller (Eclipse, now owned by Southwestern Energy) on one well pad. And West Virginia received a sizable 13 new permits with 9 of them split between two well pads for different drillers (Northeast Natural Energy and Tug Hill).
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It seems that EQT is a trendsetter. In January EQT announced it would partner with a Denver, CO company calling itself “Project Canary” to run a test on two of its shale gas pads, to prove the natural gas produces is “certified responsibly sourced.” A few weeks ago Chesapeake Energy said it would also use Project Canary (see 
Northeast Natural Energy (NNE) is a small-to-midsized driller headquartered in Morgantown, WV. The company drilled its first shale well in 2013. NNE currently owns 49,000 acres of leases “in the heart of the Marcellus Fairway,” operating 27 Marcellus wells and over 100 conventional oil and gas wells, mainly in West Virginia (with some located in southwestern Pennsylvania). In April 2017 MDN reported that NNE had obtained $300 million of investment from two investment firms (see 
Last November MDN told you that Northeast Natural Energy, a small-to-midsized driller headquartered in Morgantown, WV, had lost an arbitration battle and owed a group of landowners in central Pennsylvania $7.9 million in payments for NOT drilling on their land (see 
Northeast Natural Energy (NNE) is a small-to-midsized driller headquartered in Morgantown, WV. It’s a young company, drilling its first shale well in 2013. In April 2017 MDN reported that NNE had obtained $300 million of investment from two investment firms (see 
One of two major Marcellus/Utica events that happens each year in Pittsburgh, Hart Energy’s DUG East Conference, was held this week. (The other is Shale Insight, held in the fall.) We’ve covered a variety of news coming out of the DUG East event. Unfortunately we could not be there in person this year. By all accounts, a lot of great information was shared. We spotted two articles from different sources that do a good job of rounding up highlights from this week’s DUG. Hart’s own Exploration & Production magazine chronicles news from Eclipse Resources, whose CEO (Ben Hulburt) says the company expects to break more lateral records this year. Dennis Degner from Range Resources also talked about long laterals, and strategy. Degner said Range balances other factors like pipeline takeaway capacity and service costs. Also appearing on the stage were smaller/private M-U operators, like Northeast Natural Energy, who also shared some great insights. Below is a good roundup of the news coming from DUG this week, from a couple of sources…
Northeast Natural Energy (NNE) is a midsize driller headquartered in Morgantown, WV. NNE owns 49,000 net acres of leases “in the heart of the Marcellus Fairway,” and operates 27 Marcellus wells and over 100 conventional oil and gas wells. In 2011 NNE fought Morgantown for the right to drill a couple of wells just outside the city limits (