Weekly Shale Drilling Permits for PA, OH, WV: May 10-16
All three M-U states received permits to drill new shale wells last week. Pennsylvania received a sizable 14 new permits (after receiving 18 permits the previous week). The majority of those permits were for wells on three pads in northeastern PA. Ohio received 3 new permits last week all in one county (Greene) for one driller (Eclipse, now owned by Southwestern Energy) on one well pad. And West Virginia received a sizable 13 new permits with 9 of them split between two well pads for different drillers (Northeast Natural Energy and Tug Hill).
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Last fall Mountaineer NGL Storage, a $500 million project in Monroe County, OH to build underground storage for ethane and other NGLs, asked Ohio regulators to cancel a key permit for the project (see 
Diversified Gas & Oil (DGO) owns close to 8 million acres of leases with some 60,000 (mostly) conventional oil and gas wells. Their focus has been to acquire quality production and cash flow–regardless of the well or commodity type (gas or oil)–in the Appalachian Basin. DGO currently owns over 400 Marcellus/Utica shale wells in their portfolio too. The company just added to their inventory of shale wells, closing on the purchase of five Utica Shale wells in Monroe County, OH. The purchase price for all five? $8.4 million.
Last fall Mountaineer NGL Storage, a $500 million project in Monroe County to build underground storage for ethane and other NGLs, asked Ohio to cancel a key permit for the project (see
Yesterday Rising Phoenix Royalties (RPR) announced it has purchased the future royalty payments from a landowner in the Utica Shale, in Monroe County, OH. This acquisition is RPR’s third Marcellus/Utica transaction this year.
Two months ago PTT Global Chemical signed a contract with the Mountaineer NGL Storage project to use Mountaineer’s planned underground storage facility in Monroe County, OH to supply ethane to PTT’s cracker plant in neighboring Belmont County when/if the cracker gets built (see
A few weeks ago MDN told you about Peregrine Energy Partners buying royalty payment rights from landowners in Doddridge County, WV (see
A group of far-left, so-called environmental groups, including, Earthjustice, Buckeye Environmental Network, Concerned Ohio River Residents, Freshwater Accountability Project, Ohio Valley Environmental Coalition and the Sierra Club, are suing the Ohio Department of Natural Resources (ODNR) in an attempt to overturn permits issued by ODNR to build an underground NGL storage hub in Monroe County, Ohio.
Just yesterday MDN told you about one expert’s view that there won’t be one massive NGL storage hub built in the Marcellus/Utica, but a number of smaller hubs (see
The Washington & Jefferson College Center for Energy Policy and Management (Washington, PA) is hosting a free webinar series on “