Ohio

Belmont County | Chesapeake Energy | Diversified Energy | Encino Energy | Energy Companies | EQT Corp | Guernsey County | Gulfport Energy | Harrison County | Lycoming County | Noble County | Ohio | Olympus/Huntley & Huntley | Pennsylvania | Range Resources Corp | Susquehanna County | Washington County | Weekly Permits | West Virginia | Westmoreland County | Wetzel County

30 New Shale Well Permits Issued for PA-OH-WV Nov 11 – 17
November 22, 2024November 22, 2024

For the week of Nov 11 – 17, permits issued in the Marcellus/Utica were strong, with 30 new permits issued, down just slightly from the 34 issued the prior week (but way up from the piddly numbers issued in prior weeks). The Keystone State (PA) issued 16 new permits, with seven going to Range Resources, all in Washington County. Six permits went to EQT in Lycoming County. Two permits were issued to Olympus Energy in Westmoreland County. A single permit was issued to Chesapeake Energy (now Expand Energy) in Susquehanna County. Read More “30 New Shale Well Permits Issued for PA-OH-WV Nov 11 – 17”
Baker Hughes | Energy Services | Industrywide Issues | Ohio | Pennsylvania | Research | Statewide OH | Statewide PA | Statewide WV | West Virginia

PA Adds One Rig, Now @ 15; National Rig Count Drops One Rig @ 584
November 18, 2024November 18, 2024

One month ago, Pennsylvania’s rig count dropped to just 12 rigs, the lowest that state has operated in the last 17 years (see PA Drops Another Rig to 17-Year Low; National Rig Count Even @ 585). Since then, PA has re-added one rig per week for three weeks in a row, and as of last Friday, the state was running 15 rigs for the first time since early October. Ohio and West Virginia both remained constant, with ten active rigs each. Cumulatively, the M-U sported 35 active rigs last week. We haven’t seen a rig count that high since August of this year (three months ago). Read More “PA Adds One Rig, Now @ 15; National Rig Count Drops One Rig @ 584”
Industrywide Issues | Ohio | Pennsylvania | Pipelines | Statewide OH | Statewide PA | Statewide WV | West Virginia

When Will the M-U Get Another New Greenfield Pipeline Project?
November 18, 2024November 18, 2024

Environmental wackos have made building a new natural gas pipeline anywhere in the northeast (or southeast) such a heinously nasty experience with multiple and repeated regulatory challenges and a blizzard of lawsuits that nobody has ventured to propose a new “greenfield” (brand new from scratch) pipeline since Mountain Valley Pipeline, which took a decade to complete at double the original budget. We’re hopeful the situation will change under the new Trump administration. The Marcellus/Utica industry recognizes we need another new pipeline to move more of our molecules to other regions. What would be the “driving force” to prompt a company to be willing to try once again? Read More “When Will the M-U Get Another New Greenfield Pipeline Project?”
Ascent Resources | Beaver County | Belmont County | Bradford County | Chesapeake Energy | Coterra Energy (Cabot O&G) | Encino Energy | Energy Companies | EQT Corp | Greene County (PA) | HG Energy | Lewis County | Monroe County | Ohio | PennEnergy Resources | Pennsylvania | Range Resources Corp | Susquehanna County | Tuscarawas County | Washington County | Weekly Permits | West Virginia

34 New Shale Well Permits Issued for PA-OH-WV Nov 4 – 10
November 15, 2024November 22, 2024

For the week of Nov 4 – 10, permits issued in the Marcellus/Utica came roaring back with a total of 34 permits issued (up from 13 issued the prior week). There were some VERY interesting things to note about some of the permits issued. The Keystone State (PA) issued 16 new permits, with five going to Range Resources in Washington County. And that’s the first of three interesting things to note. All five Range permits were issued for Cecil Township, which recently passed a ban on new fracking via a 2,500-foot setback regulation (see Cecil Twp Supervisors Pull the Trigger on Frack Ban Via Setbacks). Read More “34 New Shale Well Permits Issued for PA-OH-WV Nov 4 – 10”
Energy Companies | Industrywide Issues | Mahoning County | Ohio | Shell | Supply Chain

Y&S Railroad Expanding Youngstown Yard to Service Cracker, M-U
November 15, 2024November 15, 2024

We’re a sucker for a railroad story. There’s something magical about railroads, dontcha think? We spotted a railroad story that ties in with the Marcellus/Utica. Yesterday morning, the Ohio Rail Development Commission (ORDC) voted to approve a project (and back it with a grant) in Youngstown, Ohio. It is a significant, large-scale project by the Youngstown & Southeastern Railroad to create what will be called the Lansingville Yard. The new yard will serve customers related to the M-U, including the Shell ethane cracker in nearby Beaver County. Read More “Y&S Railroad Expanding Youngstown Yard to Service Cracker, M-U”
Ascent Resources | Energy Companies | Ohio | Statewide OH

Ascent Resources 3Q – Continues Shifting Focus to More Oil & NGLs
November 13, 2024November 13, 2024

Ascent Resources, founded as American Energy Partners by gas legend Aubrey McClendon, is a privately held company focusing 100% on the Ohio Utica Shale. Ascent, headquartered in Oklahoma City, OK, is Ohio’s largest natural gas producer and the 8th largest natural gas producer in the U.S. The company issued its third quarter 2024 update last week. The company produced 2,075 MMcfe/d (2.08 Bcfe/d), down 4% from 2,165 MMcfe/d (2.16 Bcfe/d) produced in 3Q23. Ascent pivoted to produce more liquids, including oil and NGLs, with an emphasis on producing more NGLs during 3Q24. According to the update, the company plans to continue its liquids focus in the fourth quarter. Read More “Ascent Resources 3Q – Continues Shifting Focus to More Oil & NGLs”
Energy Companies | EOG Resources | Ohio | Statewide OH

EOG Grows Utica Drilling in 2025 – Will Operate 2 Rigs
November 13, 2024November 13, 2024

EOG Resources, one of the largest oil and gas drillers in the U.S. (with international operations in Trinidad and China), owns nearly a half million acres of leases in the Ohio Utica. EOG calls its position the “Ohio Utica combo play” and now considers it one of the company’s “premium plays.” EOG concentrates on oil drilling in the Utica. The company experimented with the Utica this year, however, the time for experimenting is coming to a close. During the company’s third quarter update last Friday, COO Jeff Leitzell said EOG will be “up to two full rigs and one full frac fleet by year-end” next year. Read More “EOG Grows Utica Drilling in 2025 – Will Operate 2 Rigs”
Crude Oil | Encino Energy | Energy Companies | Industrywide Issues | Ohio | Statewide OH

Encino’s “Four Pillars” Transformed Co. into M-U’s Top Oil Producer
November 13, 2024November 13, 2024

We’ve written a number of times about the Ohio Utica Shale and its beginnings with gas legend Aubrey McClendon, who, as CEO of Chesapeake Energy, was one of (if not THE) first to recognize the Utica as an oil play. However, it was a successor company, Encino Energy, that figured out how to coax large quantities of oil out of the Utica shale. Encino is one of the big success stories of drilling for oil in the Ohio Utica Shale. However, using the right tech is only part of the equation that transformed a company founded in 2017 into the #1 largest oil producer in Ohio and all of the Marcellus/Utica. Read More “Encino’s “Four Pillars” Transformed Co. into M-U’s Top Oil Producer”
Baker Hughes | Energy Services | Industrywide Issues | Ohio | Pennsylvania | Research | Statewide OH | Statewide PA | Statewide WV | West Virginia

PA Re-Adds a Rig to 14; National Rig Count Even 3rd Week @ 585
November 12, 2024November 12, 2024

Three weeks ago, Pennsylvania’s rig count dropped to just 12 rigs, the lowest that state has operated in the last 17 years (see PA Drops Another Rig to 17-Year Low; National Rig Count Even @ 585). Two weeks ago, PA picked up a rig, returning to 13 active rigs. Last week, Baker Hughes reported PA added yet another rig, and the state count is now at 14. Almost three months ago (as of August 23), PA operated 21 rigs for perspective. Last week, Ohio and West Virginia maintained their respective counts of 10 active rigs each. The combined count in the M-U stands at 34. Read More “PA Re-Adds a Rig to 14; National Rig Count Even 3rd Week @ 585”
Energy Companies | Gulfport Energy | Ohio | Statewide OH

Gulfport Spent $52M on Leases, Still Loves the Ohio Marcellus
November 7, 2024November 7, 2024

Gulfport Energy, the third-largest driller in the Ohio Utica Shale (by the number of wells drilled), reported its third quarter 2024 numbers yesterday. The company drills Utica and Marcellus wells in Ohio. It also has an active drilling program in the Oklahoma SCOOP shale play. Gulfport’s net daily production for 3Q24 averaged 1,057.2 MMcfe/d (1.06 Bcfe/d), up slightly from 3Q23’s average of 1,056.9 MMcfe/d. Production in 3Q consisted of 861.6 MMcfe/d in the Utica/Marcellus (81%) and 195.6 MMcfe/d in the SCOOP (19%). The production mix comprised approximately 91% natural gas, 6% natural gas liquids (NGLs), and 3% oil and condensate. The company has spent $52 million on maintenance leasehold and land investment so far this year, pointing out that leasing still happens. Read More “Gulfport Spent $52M on Leases, Still Loves the Ohio Marcellus”
Baker Hughes | Energy Services | Industrywide Issues | Ohio | Pennsylvania | Research | Statewide OH | Statewide PA | Statewide WV | West Virginia

PA Re-Adds One Rig to 13; National Rig Count Even 2nd Week @ 585
November 4, 2024November 12, 2024

Two weeks ago, Pennsylvania lost another rig, going from 13 rigs down to 12 rigs, the lowest that state has operated in the last 17 years (see PA Drops Another Rig to 17-Year Low; National Rig Count Even @ 585). Last week, PA picked up one rig, so the tally is back to 13. It’s still not great, but we suppose it’s progress. A little over two months ago (as of August 23), PA operated 21 rigs. We went through a period of rapid rig loss in the Keystone State. Last week, Ohio and West Virginia maintained their respective counts of 10 active rigs each. Read More “PA Re-Adds One Rig to 13; National Rig Count Even 2nd Week @ 585”
Ohio | Statewide OH

ONEI Gets $50K Grant to Train Workers to Plug Ohio Orphaned Wells
November 4, 2024November 4, 2024

The Ohio Natural Energy Institute (which made a mistake in renaming itself; it used to be called the far more descriptive and distinctive Ohio Oil and Gas Energy Education Program, or OOGEEP) announced it had received a $50,000 grant from the Appalachian Regional Commission (ARC) to train Ohio workers in how to plug orphaned oil and gas wells throughout the state. Read More “ONEI Gets $50K Grant to Train Workers to Plug Ohio Orphaned Wells”
Beaver County | Belmont County | Chesapeake Energy | Coterra Energy (Cabot O&G) | Energy Companies | Guernsey County | Gulfport Energy | Inflection Energy | INR/Infinity Natural Resources | Lycoming County | Ohio | PennEnergy Resources | Pennsylvania | Pennsylvania General Energy | Susquehanna County | Weekly Permits | Westmoreland County | Wyoming County (PA) | XPR Resources

17 New Shale Well Permits Issued for PA-OH-WV Oct 21 – 27
November 1, 2024November 1, 2024

For the week of Oct 21 – 27, there were 17 permits issued to drill Marcellus/Utica wells, up from 14 permits issued the prior week. The Keystone State (PA) had 12 new permits, with five going to Chesapeake Energy (now Expand Energy) in Wyoming County and two each for PennEnergy Resources (Beaver County) and Coterra Energy (Susquehanna County). Single permits were issued to Pennsylvania General Energy, Inflection Energy, and XPR Resources. The Buckeye State (OH) had five new permits, with four going to Gulfport Energy in Belmont County. The other OH permit was for Infinity Natural Resources (INR) in Guernsey County. The Mountain State (WV) issued a big, fat zero new permits last week. Read More “17 New Shale Well Permits Issued for PA-OH-WV Oct 21 – 27”
Columbiana County | Crude Oil | Economic Impact | Encino Energy | Energy Companies | Industrywide Issues | Jobs | Mahoning County | Ohio

Utica Shale Play Resurgence is Real – It’s Time to Get Excited!
October 30, 2024October 30, 2024

Guy Coviello, President and CEO of the Youngstown/Warren Regional Chamber of Commerce, is jazzed about the resurging Utica Shale and says it’s time to get excited about it. In a recent column, Coviello said it’s time “to once again embrace our friends in the oil and gas industry, for our policymakers to invest in the infrastructure necessary to enrich our Valley, for community leaders to roll out red carpets, and for government at all levels to keep the regulatory environment safe and friendly.” What has Coviello so jazzed, especially for the northern Utica? We can sum it up in one word: Oil. Read More “Utica Shale Play Resurgence is Real – It’s Time to Get Excited!”
Baker Hughes | Energy Services | Industrywide Issues | Ohio | Pennsylvania | Research | Statewide OH | Statewide PA | Statewide WV | West Virginia

PA Drops Another Rig to 17-Year Low; National Rig Count Even @ 585
October 28, 2024October 28, 2024

The realignment we spoke of several weeks ago about Pennsylvania losing rigs to its neighbors has deepened. Last week, PA lost another rig, going from 13 rigs down to 12 rigs, while Ohio picked up one rig and now has 10 active rigs. West Virginia also operated 10 rigs last week. Just two months ago (as of August 23), PA operated 21 rigs, OH had 9 rigs, and WV had just 5 rigs. This is a massive realignment away from PA to its neighbors. According to Reuters, PA’s rig count is at a 17-year (!) low. What the heck is going on with the mighty PA Marcellus? Read More “PA Drops Another Rig to 17-Year Low; National Rig Count Even @ 585”
Ascent Resources | Carroll County | Encino Energy | Energy Companies | Harrison County | Lycoming County | Marshall County | Ohio | Pennsylvania | Seneca Resources | Southwestern Energy | Susquehanna County | Weekly Permits | West Virginia

14 New Shale Well Permits Issued for PA-OH-WV Oct 14 – 20
October 25, 2024October 25, 2024

For the week of Oct 14 – 20, there were 14 permits issued to drill Marcellus/Utica wells, up from 10 permits issued the prior week. The Keystone State (PA) had just four new permits (down from six the previous week), with three going to Southwestern Energy (now Expand Energy) in Susquehanna County and one for Seneca Resources in Lycoming County. The Buckeye State (OH) had seven new permits, with six going to Encino Energy (EAP) for two pads in Carroll County. The other OH permit was for Ascent Resources in Harrison County. The Mountain State (WV) issued three new permits, with all three going to Southwestern Energy (now Expand Energy) in Marshall County. Read More “14 New Shale Well Permits Issued for PA-OH-WV Oct 14 – 20”