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Top 10 Shale Drillers in PA for 2020, by Number of Wells Drilled
The data crunchers at the Pittsburgh Business Times have been sifting through the data for 2020 and have composed a list of the “Largest Pennsylvania Shale Gas Drillers in 2020.” The PBT list ranks drillers by the number of wells drilled in PA for all time, including right up through the end of 2020. We resorted their list to reveal the number of wells “added” (drilled) in PA for 2020, to generate the following list of the top 10 drillers from 2020:
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Some good news to share on this Friday. The Federal Energy Regulatory Commission (FERC) has given National Fuel Gas Company (NFG) the green light to begin construction on its FM100 pipeline project. The FM100 Project will beef up and extend an existing pipeline network in northwestern Pennsylvania to flow an extra 330 million cubic feet per day (MMcf/d) of Marcellus gas to Williams’ mighty Transco Pipeline (see 
All three M-U states received permits to drill new shale wells last week. Pennsylvania received 10 new permits. Ohio received 6 new permits. And West Virginia received 3 new permits.
Last Friday National Fuel Gas Company (NFG), the parent company for Seneca Resources and Empire Pipeline, issued its latest quarterly update for the quarter ending Dec. 31 (NFG’s first quarter 2021, everyone else’s fourth quarter 2020). Among the pearls of good news for NFG is that the company is adding a rig back in Tioga County, PA to drill on acreage NFG purchased from Shell.
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 
Capital expense (capex) investments made by drillers in the Marcellus/Utica during the third quarter of 2020 were the lowest in at least six years according to a new report (full copy below) from the Institute for Energy Economics and Financial Analysis (IEEFA). The report looks at nine of the top drillers in the M-U and finds collectively they cut capex investment by more than one-third in 3Q20 over 3Q19. And yet those same nine collectively spent a half-billion dollars more during 3Q on drilling and building projects than they earned in revenue from selling oil and gas. That’s troubling.