28 New Shale Well Permits Issued for PA-OH-WV Oct 18-24
Last week Pennsylvania issued 21 permits to drill new shale wells. Most of the permits went to two well pads, one in Butler County drilled by PennEnergy Resources and the other in Tioga County drilled by Repsol. Ohio issued six new permits, three to Encino Energy, two to Utica Resource Operating, and one to Ascent Resources. West Virginia, for the second week in a row, issued just one new permit. Last week’s WV permit went to Tug Hill Operating in Marshall County.
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Yesterday two Pennsylvania residents filed what they hope will turn into a class action lawsuit against EQT, the largest natural gas producer in the U.S. The lawsuit claims EQT has not made required royalty payments to the two residents nor to many (hundreds? thousands?) others. The lawsuit claims, among other things, a violation of PA’s Minimum Royalty Act that guarantees payments to all rights owners of at least 12.5% of the value of the produced gas.