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12 New Shale Well Permits Issued for PA-OH-WV May 2-8
Last week Pennsylvania issued 11 new shale well permits, down from 16 the week before. For the second week in a row, EQT led the way, issuing five permits. Ohio got skunked–issuing no new permits for Utica drilling. West Virginia issued just one new permit–to Antero Resources. Overall a pretty paltry showing for new permits in the M-U.
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Using investment capital from Preferred Capital Securities, WhiteHawk Energy is buying mineral and royalty rights in southwestern Pennsylvania, primarily in Washington and Green counties, for $52.5 million. The assets include production and cash flow from over 950 horizontal Marcellus Shale wells. The wells are operated by EQT, CNX Resources, and Range Resources.
We can’t resist a good railroad story. We’ve always loved them (we know, we’re weird). Here’s a good railroad story for you: Frack sand company Smart Sand, Inc., headquartered in The Woodlands, Texas, has just opened for business and is shipping frack sand to a brand new transloading facility in Waynesburg (Greene County), Pennsylvania.
EQT Corporation, the largest natural gas producer in the United States, announced last Friday that all of its natural gas produced in Washington and Greene counties in Pennsylvania (the majority of its production, some 4 Bcf/d) is now officially certified as “responsibly produced” gas by two different certification organizations: Equitable Origin and MiQ. That 4 Bcf/d of certified gas represents 4.5% of all natural gas produced in the U.S.
Last week 24 permits were issued to drill new shale wells in the Marcellus/Utica. Pennsylvania had the lion’s share with 19 new permits–most of those (10) were issued for two Chesapeake Energy well pads in Bradford County in the northeastern part of the state. Ohio had just two new permits, both on the same Southwestern Energy well pad in Monroe County. West Virginia had three new permits, one in Pleasants County and two in Marshall County.
The EQT Foundation was established in 2003 as a dedicated resource for financial, in-kind, and volunteer support to communities where EQT works and has a presence. Since its inception, the EQT Foundation has awarded more than $60 million to nonprofits throughout the operational footprint of EQT. That is an amazing number! In honor of Giving Tuesday, yesterday EQT announced the launch of two new giving programs to support the communities of Greene County, PA, and Wetzel County, WV.