16 New Shale Well Permits Issued for PA-OH-WV Apr 15 – 21
Two weeks ago, during the week of April 8 -14, 17 new permits were issued to drill in the Marcellus/Utica (see 17 New Shale Well Permits Issued for PA-OH-WV Apr 8 – 14). Last week, for the week of April 15 – 21, 16 new permits were issued. However, the composition of where the permits were issued changed significantly from the typical pattern. Only two of the permits were issued in Pennsylvania last week, both for EQT (one in Fayette County, the other in Greene County). Ohio received six new permits divided evenly, with three going to INR and the other three to EOG Resources. INR’s permits were all issued in Guernsey County and EOG’s in Harrison County. West Virginia, which typically receives the fewest new permits, took the lion’s share with eight new permits. Jaybee Oil & Gas received three permits in Tyler County. Southwestern Energy also received three permits but in Wetzel County. Tribune Resources received one new permit (Tyler County), and EQT received one permit (Marion County).
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DT Midstream (DTM), headquartered in Detroit, owns major assets in the Marcellus/Utica region and other regions like the Haynesville. DTM issued its fourth quarter 2023 update last Friday. The Marcellus/Utica region (which they call Northeast in the report) received several prominent mentions during a conference call with analysts. Also of note were comments by DT CEO David Slater, who said he’s positioning the company to take advantage of “bolt-on” opportunities in the regions where they operate. Meaning he’s on the lookout for mergers and acquisitions.
ECA Marcellus Trust I, the royalty interest holder in some of the wells drilled and maintained by Greylock Energy in Greene County, PA, announced it would issue a three-cent ($0.03) dividend to unitholders for 4Q23. The company paid 4.3 cents per unit in 1Q23, nothing in 2Q23, and six-tenths of a penny ($0.006) in 3Q23 (see 
Equitrans, the builder of the 303-mile Mountain Valley Pipeline project, is more than just a one-trick (one pipeline) pony. Equitrans owns 940 miles of FERC-regulated, interstate pipelines that have interconnect points to seven interstate pipelines and multiple local distribution companies (LDCs). The transmission and storage system is supported by 43 compressor units, with total throughput capacity of approximately 4.4 Bcf per day and compression of approximately 136,000 horsepower, and 18 natural gas storage reservoirs, which have a peak withdrawal capacity of approximately 820 million cubic feet (MMcf) per day and a working gas capacity of approximately 43 Bcf. Two of Equitrans’ 18 storage reservoirs — Hunters Cave and Swarts, both in Greene County, PA — are getting a makeover.
In July 2022, MDN brought you news of a possible frac-out, or “inadvertent return” that happens when drilling mud pops out of places where it’s not supposed to — places outside the borehole being drilled (see 
WhiteHawk Energy, headquartered in Philadelphia with ownership of mineral and royalty interests for 850,000 gross unit acres and over 2,500 producing horizontal shale wells between the Marcellus and the Haynesville, announced yesterday the acquisition of additional Marcellus Shale natural gas mineral and royalty assets for a total purchase price of $54 million. WhiteHawk owns mineral and royalty rights across nearly half a million M-U acres. The deal does not increase WhiteHawk’s total acreage but does increase the company’s percentage of ownership across that acreage.