Weekly Shale Drilling Permits for PA, OH, WV: Nov. 23-27
Last week Pennsylvania issued 12 new shale well drilling permits with a mix of permits issued in both the southwest (wet gas) and northeast (dry gas) regions of the state. Ohio issued 7 new permits, all of them except one in the same county (Jefferson). West Virginia was a goose egg–no new permits issued last week.
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EOG Resources, one of the largest oil and gas drillers in the U.S. (with operations in Trinidad and China too) has just sold *all* of its Marcellus assets located in Bradford County, PA to (we’ll tell you below, MDN has the exclusive on this) for $130 million. EOG has now left the M-U building.
By any measure, it’s obvious to see that shale *drilling* activity in northcentral Pennsylvania counties–including Bradford, Clinton, Lycoming, Potter, Sullivan, and Tioga–is on the “bust” side over the past five-plus years. 2016 was the low point. However, is there any hope of seeing another boom in shale drilling in the region?
Antis continue their public relations push to try and block a northeastern PA LNG liquefaction plant in Wyalusing, PA planned by New Fortress Energy (NFE), by claiming the LNG that will be shipped from the plant to the Philadelphia area, via trucks and rail, will be rolling “bombs on wheels.” However, an article in the Philadelphia Inquirer debunks those lies.
The anti-fossil fuel zealots at the Scranton Times-Tribune (in Lackawanna County, PA) are doing their darnedest to try and stop an $800 million LNG liquefaction plant (generating hundreds of jobs) planned for nearby Bradford County. On Monday we told you the zealots were attempting to whip up a frenzy of opposition to the plant, based on trucks that would travel through the borough of Clarks Summit, a suburb of Scranton (see
We don’t often see news about a Marcellus producer called Alta Resources. Alta was one of the first drillers we wrote about just after launching the MDN website back in 2009 (see
The leftists who run and write the Scranton Times-Tribune are at it again–doing anything and everything they can to destroy the Marcellus industry that singlehandedly has created more new jobs and raised the standard of living for more people in northeastern PA than any other industry in the past generation–the Marcellus industry. The new target for Times-Tribune is a proposed $800 million LNG liquefaction plant in Wyalusing, PA (in nearby Bradford County). The Times-Tribune editors say the plan to build the plant and transport the LNG via rail is too “risky” and northeast PA will be just fine without an extra $800 million and hundreds of jobs. Dopes.
What’s happening with New Fortress Energy’s $800 million LNG liquefaction plant in Wyalusing (Bradford County), PA? We recently had an inquiry from a union member/MDN reader wondering whether or not the project has been scrubbed because there is no activity at the site. We have an answer…