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20 New Shale Well Permits Issued for PA-OH-WV Jan 31-Feb 6
My how the mighty permit count has fallen. Three weeks ago there were 61 new shale drilling permits issued in Pennsylvania, Ohio, and West Virginia. Two weeks ago that number fell to 33. And last week? The permit number fell again, to just 20. PA issued 13 new permits while OH issued 7. WV got skunked last week: A big, fat 0 new permits.
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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.
Hilcorp is a major driller founded in 1989 by Jeff Hildebrand. It is one of the largest privately-held (stock not publicly traded) oil and natural gas exploration and production companies in the U.S. Headquartered in Houston, TX, Hilcorp has over 1,825 employees in multiple operating areas including the Gulf Coast of Texas and Louisiana, Wyoming, New Mexico, Alaska, and (yes) in the Marcellus/Utica. While they don’t have a huge presence here in the northeast, Hilcorp does actively drill shale wells in Lawrence County, PA and Columbiana County, OH. The Youngstown Business Journal reports Hilcorp is advancing its program in the northern portion of the Ohio Utica.
In August 2014 the Utica Shale Academy (USA), a new high school dedicated to training workers for the Utica Shale industry, opened its doors in Columbiana County with 24 students (see