Another Top Expand Energy Executive is Out – Controller Quits
In February, Expand Energy fired its CEO, Nick Dell’Osso, the guy who grew the company into the largest natural gas producer in the U.S. (see Earthquake at Expand Energy: CEO Nick Dell’Osso Fired by the Board). Expand still lacks a permanent replacement, with the Chairman of the Board filling the role on an interim basis. And now, a second high-level upper-management executive has left: Greg Larson, Vice President, Accounting & Controller. According to the very skimpy SEC filing made by Expand, Larson’s departure “was not the result of any disagreement with the Company on any matter relating to its operations, policies or practices.” So, what is going on? We have some speculation below. Read More “Another Top Expand Energy Executive is Out – Controller Quits”
Yesterday, the Ohio Oil and Gas Land Management Commission (OGLMC) voted to open another 14,953 acres of publicly owned state land in eastern Ohio to safe fracking. At the same meeting, the OGLMC rejected applications to open about 8,000 acres of land in the same area for development, given the overlap between those parcels and some that were bid out. Anti-fossil fuel nutters showed up at the meeting and made asses of themselves, as they so often do. One anti (who should have been arrested and removed) shouted that the Commissioners should “jump off a bridge.” Sounds like a threat to us. Is anyone investigating? 
The highly functional and responsible Susquehanna River Basin Commission (SRBC), unlike its dysfunctional and irresponsible counterpart, the Delaware River Basin Commission (DRBC), continues to support the shale energy industry by approving water withdrawals and consumptive use requests for responsible, safe shale drilling. The SRBC published a notice in the June 27th Pennsylvania Bulletin that the SRBC approved and/or renewed 34 general water use permits in May for individual shale gas well drilling pads in Bradford, Clinton, Lycoming, McKean, Sullivan, Susquehanna, Tioga, and Wyoming counties. 
The Marcellus/Utica region received 31 new drilling permits last week, June 15 – 21, up from the pathetic 2 permits issued two weeks ago. However, not all 31 permits reported last week were issued last week. Ohio, which is increasingly tardy in updating its public reports, included permits in last week’s report that should have been in the previous week’s. Last week, Pennsylvania issued 18 permits. Ohio issued 9 new permits, all of which should have been reported two weeks ago. West Virginia issued 4 new permits last week. The drillers who received new permits included: EOG Resources, EQT, Gulfport Energy, Infinity Natural Resources, JKLM Energy, LOLA Energy, Northeast Natural Energy, PennEnergy Resources, and Sabre Energy. 
In early May, Devon Energy completed its buyout of and merger with Coterra Energy, paying $21.4 billion in Devon stock (see 
This is a momentous occasion. Yesterday, the Federal Energy Regulatory Commission (FERC) issued a “Notice to Proceed with Construction” order authorizing Mountain Valley Pipeline (owned by EQT Corporation) to proceed with construction of MVP Southgate pipeline in North Carolina. This follows FERC granting permission to begin building Southgate in Virginia in April (see 
Seneca Resources, National Fuel Gas Company’s exploration and production arm, and Evolution Well Services announced a three-year strategic agreement to deploy electric hydraulic fracturing technology (e-fracking) across Seneca’s Appalachian Basin operations, including the Marcellus and Utica shales. The companies said Evolution’s electric frac systems, in-house power generation and field-gas conditioning will use Seneca’s own responsibly sourced natural gas to power completions. This isn’t the first time Seneca has used e-fracking.
Devon Energy completed its merger with Coterra Energy just over one month ago, on May 7, paying Coterra $21.4 billion in Devon stock (see 
Norway’s Equinor (formerly Statoil) held its Capital Markets Day 2026 on Tuesday, offering investors and analysts a chance to hear directly from the company’s top management and ask questions. The event made clear that, while the Norwegian Continental Shelf (NCS) remains the company’s center of gravity, its Appalachian (Marcellus) gas position is being repositioned from a quiet, low-cost cash-flow engine into a strategic linchpin connecting upstream gas to the fast-growing U.S. power and data-center economy. Equinor is in love with the Marcellus. 
EQT Corp’s mixed-index natural gas product blends NYMEX Henry Hub futures with one or more physical basin indices (such as Dominion South) into a single sales contract, often weighted toward Henry Hub for hedging liquidity. Splitting exposure between national futures and local spot dynamics dilutes price swings, helping power generators, LNG exporters, and large industrials reduce earnings volatility while retaining some upside from favorable regional spreads. 
In February, MDN told you about the Kriley v. XTO Energy lawsuit (see 
Greylock Energy hosted an open house on June 3 at its new Potter County field office in Ulysses, Pennsylvania, giving residents a chance to tour the facility, meet employees, and learn about local operations. President and CEO Kyle Mork said the office signals Greylock’s long-term commitment to Potter County and responsible community partnership. The company highlighted local support efforts, including educational partnerships, scholarships, charitable giving, sponsorships, flood recovery assistance, equipment replacement for Galeton’s water system, and sponsorships of Independence Day events. Greylock also invested nearly $1.5 million with PennDOT to repave and upgrade 3.5 miles of Loucks Mills Road.