Some Landowners Sell Royalty Payments to Third Parties in PA, OH
A few weeks ago MDN told you about Peregrine Energy Partners buying royalty payment rights from landowners in Doddridge County, WV (see Peregrine Buys Royalty Rights from Doddridge County, WV Landowners). We have another purchase by Peregrine, this time in Monroe County, OH. Plus a similar company that buys royalty interests has made its second such acquisition in the M-U–in Washington County, PA.
Read More “Some Landowners Sell Royalty Payments to Third Parties in PA, OH”
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 “
Mountaineer NGL Storage is planning to build an NGL (primarily ethane) storage operation in Monroe County, OH, located just across the river (and border) from West Virginia. Last summer David Hooker, president of Mountaineer and president of the parent company Energy Storage Ventures (located in Denver, Colo.) announced the project had received all necessary permits to begin construction, and that construction “could” begin by the end of March this year (see 
Montage Resources provided a sneak preview yesterday for what to expect in 2020. You may recall Montage is the name of the company that resulted after the merger of Eclipse Resources with Blue Ridge Mountain Resources 11 months ago (see 
In August MDN told you that Diversified Gas & Oil was the high (and only) bidder for Ohio Utica assets owned by EdgeMarc Energy, buying those assets out of bankruptcy court (see 
The federal Bureau of Land Management (BLM) recently announced the winners of Utica Shale mineral rights for 14 parcels of land, adding up to ~655 acres, located in Wayne National Forest (WNF). The 14 properties netted the government $1.326 million and all 14 were purchased by two (possibly more) Utica Shale drillers. Average price per acre paid across the entire lot: $2,024. Who did the leasing? You have to be a subscriber to find out. 🙂
EdgeMarc Energy, headquartered in Canonsburg, PA (with 50,000 acres of Marcellus/Utica leases), filed for Chapter 11 bankruptcy in May, looking to sell all of the company’s assets (see 
Could we *finally* see some movement on an NGL (natural gas liquids) storage facility in the Marcellus/Utica? Indeed it seems possible–even likely. Mountaineer NGL Storage is planning to build an NGL storage operation in Monroe County, OH, located just across the river (and border) from West Virginia.
This is a momentous occasion, nearly 13 years in the making. The Ohio Dept. of Natural Resources (ODNR) issued permits on June 28 to drill two Utica Shale wells in Monroe County. Both wells begin on privately owned land, but then travel under sections of Wayne National Forest (WNF). As near as we can tell, these are the first two such wells to pass under WNF land. Below we tell you exactly where they’re located, and which company received the permits to drill them.
EdgeMarc Energy, headquartered in Canonsburg, PA (with 45,000 acres of Marcellus/Utica leases), is filing for Chapter 11 bankruptcy, looking to sell all of the company’s assets. The reason? They can’t move their production to market because their main pipeline partner, Energy Transfer’s Revolution Pipeline, exploded last September and ET has not been able to get the PA Dept. of Environmental Protection to allow them to restart it.
The former Blue Ridge Mountain Resources (formerly Magnum Hunter Resources) and Eclipse Resources tied the knot and merged at the end of February, promptly renaming itself Montage Resources (see 
Saudi Arabia is sniffing around the Marcellus Shale. Bloomberg reports that super secret talks are happening between Saudi Aramco (largest oil company in the world, owned by the Saudi government) and Equinor, which until recently was called Statoil. Equinor is majority-owned by the government of Norway. The Saudis are considering “buying a stake” in or possibly a joint venture with Equinor. It seems Norway is hesitant to hop into bed with the Saudis. We don’t blame them.