U.S. Rig Count Adds 1 @ 548; Marcellus/Utica Remains Even @ 37
The Baker Hughes U.S. national rig count has been bumpy for the past couple of months, up some weeks, down others, but mostly down overall. Last week, we resumed adding rigs, bringing the national count up by one to 548. Rigs in the Marcellus/Utica stayed the same last week at a combined 37 rigs. Pennsylvania remained unchanged at 17 active rigs. Ohio was the same at 13 rigs. And West Virginia maintained its 7 rigs, which it has operated since May 30. The Marcellus had 23 rigs and the Utica 14. Read More “U.S. Rig Count Adds 1 @ 548; Marcellus/Utica Remains Even @ 37”

For the week of October 6 – 12, the number of permits issued to drill new wells in the Marcellus/Utica dropped significantly from the previous week. There were only seven new permits issued across the three M-U states last week, down from 32 issued two weeks ago. The bottom fell out of the new permits issued. In fact, only one state, Pennsylvania, issued new permits last week. Both Ohio and West Virginia issued no new permits. Last week marked the third consecutive week with no new permits issued in WV. Is someone asleep at the switch in the Mountain State?
Ohio Republican Senators have introduced Senate Bill (SB) 219, the first significant update to Ohio’s oil and gas laws since the Kasich administration more than a decade ago. SB 219, introduced by Sen. Al Landis, aims to reform Ohio’s orphaned oil and gas well program. The bill proposes establishing the Oil and Gas Resolution and Remediation Fund, funded by filing fees and penalties, to protect orphan well funds from being raided by the state legislature (as often happens now). The bill also streamlines notification procedures for abandoned wells, requiring only publication in a newspaper or on the ODNR website. Additionally, the bill accelerates drilling by eliminating the Ohio Department of Natural Resources’ (ODNR) discretion to deny expedited project reviews and by making road-use agreements with local governments voluntary and capped at three years.
Ohio Democrat House members have introduced a bill to solve a problem that doesn’t exist. House Bill (HB) 399 would ban fracking under Lake Erie (which has NEVER been proposed or even thought of), and ban fracking under state-owned parks, which is now happening. With respect to drilling under (not on) state-owned parks, when it happens, nobody knows it’s happening (see
Infinity Natural Resources (INR), headquartered in Morgantown, WV, focuses 100% on the Marcellus/Utica. The company went public earlier this year with a $265 million ($20/share) initial public offering, giving INR a $1.18 billion market capitalization (see
Ohio State University (OSU) is constructing two natural gas combustion turbine generators and one steam turbine generator with a maximum power generating capacity of 105.5 megawatts of electricity and 285 kilopounds per hour of steam. It’s being built on 1.35 acres at OSU’s main campus in Franklin County (see
In August, EOG Resources, one of the largest oil and gas drillers in the U.S. (with international operations in several other countries) and a Fortune 500 company, closed on the $5.6 billion purchase of Encino Energy, adding 675,000 net acres in the Utica and over 1,000 operating shale wells (see
In January 2023, Ohio House Bill (HB) 507 became law with the signature of Gov. Mike DeWine (see
The fight in Marietta, OH, over DeepRock Disposal Solutions’ plan to build a fifth shale wastewater injection well is getting heated. Opposition to the well has made for some very strange bedfellows. The Republican City Council is utilizing the legal services of the radicalized Earthjustice green group to challenge a permit issued by the Ohio Department of Natural Resources, which would allow the well in Marietta, OH (see
The Youngstown Vindicator is reporting that one of the first new horizontal gas and oil wells to be drilled in Mahoning County, OH, in recent years has begun producing gas and oil at its well pad. The Wehr Spring Valley Farm well is producing oil and natural gas. However, the Ohio Department of Natural Resources (ODNR) has not yet released any production numbers for the well. The big news here is that drilling is migrating well north of the traditional locations for Utica drilling—to the “northern part” of the Utica. Is this a foretaste of good things to come in the northern Utica?