ProFrac Buying E-Fracker US Well Services for Estimated $230M
U.S. Well Services (USWS), a company that specializes in fracking shale wells using gas-fired electric (as opposed to diesel) engines, has operations in the Marcellus/Utica, as well as other plays. Last week USWS announced it is selling itself to ProFrac Holding Corp. in an all-stock transaction analysts value at $225-$230 million. The deal will create the second-largest U.S. fracking company by total horsepower, and the largest electric fleet operator with 12 active e-fracking fleets.
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PennEnergy Resources recently reapplied (for a second time) for a permit to draw water from Big Sewickley Creek–but this time the request is cut in half, to just 1.5 million gallons of water a day (see 
PennEnergy Resources recently reapplied (for a second time) for a permit to draw water from Big Sewickley Creek–but this time the request is cut in half, to just 1.5 million gallons of water a day (see 
Since 2013 anti-fossil fuel zealots–people with an irrational hatred of fossil fuels–have tried to ban drilling under (not on) public parks in Allegheny County, PA (near Pittsburgh). A small group of 100 radicals gathered outside the City-County building in downtown Pittsburgh last week to throw a collective temper tantrum, demanding Allegheny County Council ban any new drilling under county-owned parks (see 
Since 2013 anti-fossil fuel zealots–people with an irrational hatred of fossil fuels–have tried to ban drilling under (not on) public parks in Allegheny County, PA (near Pittsburgh). A small group of perhaps 100 radicals gathered outside the City-County building in downtown Pittsburgh last night to throw a collective temper tantrum, demanding Allegheny County Council ban any new drilling under (not on) county-owned parks.
“If you tell a lie big enough and keep repeating it, people will eventually come to believe it.” (Quote attributed to Joseph Goebbels, the head of Nazi Germany’s Ministry of Propaganda) The left so often adopts the attitude if you keep repeating the same lie over and over–preferably the bigger the lie the better–the lie will become accepted as the truth. State Sen. Katie Muth, D-Montgomery, chair of the Pennsylvania Senate Democratic Policy Committee, and Sen. Jim Brewster, D-Allegheny, are expert practitioners of this strategy with respect to lying about the Marcellus Shale and fracking. They were at it again last week holding a public (i.e. propaganda) hearing at the Community College of Allegheny County.
In 2018, CNX Resources announced it had signed a long-term contract with Evolution Well Services to use Evolution’s 100% natural gas-fueled electric pressure pumping equipment (see 
Two northeastern Pennsylvania State Senators, Gene Yaw and Lisa Baker, along with members of the PA Senate Republican Caucus (27 Senators in all, filed a lawsuit in January 2021 against the Delaware River Basin Commission (DRBC) over its illegal ban on fracking (see PA 
We spotted an article about scarcity for “super-spec rigs” affecting the shale marketplace. Super-spec rigs are high-end rigs with lots of bells and whistles. They drill better and faster than standard rigs. With inventories of super-spec rigs running low, prices to lease them are running high. The “day rate” to lease a rig with lots of bells and whistles is running over $30,000 per day. Base rigs, according to rig company Patterson-UTI, have days rates starting “in the mid-$20,000s.”
In June 2017, MDN brought you the news that the very first application to drill a shale well in Illinois had been made (see