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Weekly Shale Drilling Permits for PA, OH, WV: Nov. 9-13
An interesting week for permits. Last week Pennsylvania issued just 2 new shale well drilling permits after having issued 3 the week before (lowest numbers we’ve seen). Ohio, which has not issued many permits in recent months, was on fire last week with 17 new shale permits! West Virginia issued just 1 new shale well permit.
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We hoped it wouldn’t happen, but warned you it might when Gulfport Energy announced several weeks ago it had missed a debt payment and was in “restructuring” talks (see 
Once again PTT Global Chemical is changing the timeline for a final investment decision (FID) to build a $10 billion ethane cracker plant in Belmont County, OH–for the umpteenth time. The most recent timeline had a decision coming by the end of this year or in the first quarter of next year. Whoops, they did it again! The new timeline is now “at least the middle of 2021.”
It’s all starting to come undone for FirstEnergy Corporation. Last week two of Ohio’s three largest cities sued to block annual $150 million payments to FirstEnergy’s Energy Harbor subsidiary on the basis those payments are ill-gotten gain, the result of FirstEnergy bribing government officials to pass House Bill 6 (HB 6) and keep it passed (see 
In July, now-former Ohio House Speaker Larry Householder and four of his associates were indicted for felonies related to an alleged $60 million bribery scandal in passing the hugely unpopular House Bill 6 (see 
Donald Trump is NOT lying about Joe Biden and the words Biden has used about his desire to ban fracking *and* eliminate the use of fossil fuels. We have the video (below) showing clips from various Biden events where he unequivocally states he will ban fracking, and (in time) eliminate the use of all fossil fuels. This is Biden in his own words. So was Biden lying then? Or is he lying now?
This is extremely frustrating. FirstEnergy subsidiary Energy Harbor is accused of bribing former Ohio House Speaker Larry Householder and several of his associates to pass (and stay passed) a $1.1 billion bailout bill that funnels electric ratepayer (i.e. taxpayer) money into the hands of FirstEnergy, to prop up two uneconomic and failing nuclear power plants (see 
Last Thursday our friend Joe Barone from Shale Directories hosted the 2020 version of the annual Utica Midstream Conference in Canton, OH. Unfortunately, we could not attend. However, Joe has written up a great summary of what was said. The overriding theme of the day? Optimism for 2021.
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