26 New Shale Well Permits Issued for PA-OH-WV Apr 22 – 28
Two weeks ago, during the week of April 15 – 21, there were 16 new permits issued to drill in the Marcellus/Utica. Last week, for the week of April 22 – 28, there were 26 new permits issued. Finally! A little good news on the permit front. Snyder Brothers took the top prize with eight new permits issued, all of them for a single well pad in Armstrong County, PA. Chesapeake Energy scored five new permits, all of them for a single pad in Bradford County, PA. EQT Corporation (using its Rice Drilling subsidiary) received four permits in Greene County, PA. Encino Energy also received four permits, all for one pad in Harrison County, OH. Antero Resources received three permits in Wetzel County, WV, and Southwestern Energy received two permits in Brooke County, WV.
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Holy smokes! What just happened? For months (and months and months) the cumulative number of weekly permits issued to drill new shale wells in the Marcellus/Utica has fluctuated from the low teens to perhaps 30 total on the upper end. Last week, from Jan. 17-23, an amazing 61 permits were issued to drill new shale wells. Double the usual. Wow! Pennsylvania issued 24 new permits, Ohio issued 9, and blow-the-doors-off-we’ve-never-seen-so-many-permits-issued-in-one-week for West Virginia, the Mountain State issued 28 new shale permits.