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39 New Shale Well Permits Issued for PA-OH-WV Jun 26-Jul 2
New shale permits issued for Jun 26 – Jul 2 in the Marcellus/Utica saw a dramatic increase, thanks to a bump in Pennsylvania’s numbers. There were 39 new permits issued last week, way up from 11 issued the previous week. Last week’s permit tally included 30 new permits in Pennsylvania, 8 new permits in Ohio, and just 1 new permit in West Virginia. Coterra Energy scored the most new permits with a whopping 12 issued in Susquehanna County, PA (for two well pads). Range Resources had the second most new permits, with 7 permits issued in Washington County, PA (for one pad).
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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 payout (the equivalent of a dividend) to unitholders of 4.3 cents per unit for 1Q23. That is down from 4Q22 when the Trust paid out 12.4 cents per unit, and down from 3Q22 when the Trust paid out 18 cents per unit. The company continues to hold back some profits ($90,000 in 1Q23) in order to build a cash reserve.
The Pennsylvania Dept. of Environmental Protection (DEP) announced that CNX Resources has paid two civil penalty assessments totaling $200,000 for violations at two different well sites in Richhill Township, Greene County. According to the civil penalty assessment paperwork, CNX spilled “production fluids” (wastewater, drilling mud, etc.) and didn’t clean it up quickly enough. Tallying all of the spills, CNX inadvertently spilled 2,170 gallons of production fluid at two sites, and ended up removing roughly 3,400 tons of “contaminated” soil.
Earlier this year, Equitrans Midstream announced it had filed a new pipeline expansion project with the Federal Energy Regulatory Commission (see