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Weekly Shale Drilling Permits for PA, OH, WV: Jan 4-8
Two of three M-U drilling states received permits last week. Pennsylvania scored 10 permits to drill new shale wells. Ohio received 2 permits for Utica wells. West Virginia received no new permits to drill new shale wells.
NOTE: This post was updated on 1/14/21. We previously reported a set of 6 wells in WV in error–those wells received permits in 2020 and not 2021. Sorry! Thank you to a sharp MDN reader who flagged it for us.
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The Community College of Beaver County’s (CCBC) Shell Center for Process Technology, a $5 million state-of-the-art training facility, has just officially opened. While the Center was built to train employees to run the Shell ethane cracker plant, it’s also training people for a myriad of other opportunities too.
Late last week Shell shut down all work at its ethane cracker plant site in Monaca (Beaver County), PA to test workers for COVID-19. After testing roughly 7,400 (out of 7,950) workers Shell found 141 positive results, or 1.9%. Workers began returning to the site on Wednesday.
The Marcellus/Utica is the #1 natural gas producing play in the country. Last month the M-U region produced 33.6 billion cubic feet per day (Bcf/d), according to the U.S. Energy Information Administration’s December Drilling Productivity Report (see 
As we entered 2020, the stock price for most Marcellus/Utica drillers was near or even at the lowest it had ever been (see 
A well in the Marcellus Shale in (of all places) Plum Borough in Allegheny County, PA (a suburb of Pittsburgh) has become the longest onshore lateral drilled in the Marcellus Shale. Olympus Energy (formerly Huntley & Huntley Exploration) has drilled and completed a well with a 20,060-foot lateral–3.8 miles long!
In March 2019 MDN told you about National Fuel Gas Company’s (NFG) FM100 Project in northwestern Pennsylvania that will beef up and extend an existing pipeline network to flow an extra 330 million cubic feet per day (MMcf/d) of Marcellus gas to Williams’ mighty Transco Pipeline (see 
Oaktree Capital Management, a huge investment firm with 1,000 employees and $140 billion in assets under management, is investing some of its considerable stach in BKV Corporation. BKV (which stands for Banpu Kalnin Ventures) is the American shale drilling arm of Banpu, Thailand’s largest coal mining company. BKV/Banpu has invested ~$500 million in the PA Marcellus, going as far as building a regional office in northeastern PA a year ago (see