Susquehanna County

Coterra Energy (Cabot O&G) | Energy Companies | Industrywide Issues | Litigation | Pennsylvania | Susquehanna County

PA AG Shapiro Dismisses 14 Felony Charges Against Coterra re Dimock
November 30, 2022November 30, 2022

The partisan bully Josh Shapiro, far-left Attorney General in Pennsylvania (who is becoming Governor on Jan. 1, to PA’s shame), has claimed victory in converting what was at best an accident into a crime against Coterra Energy (née Cabot Oil & Gas). Yesterday in a courtroom in Susquehanna County, PA, Coterra plead “no contest” to a single misdemeanor charge Shapiro ginned up against the company over stray methane in a few water wells in Dimock, PA going back 14 years. It is a horrible miscarriage of justice. We wouldn’t blame Coterra if they NEVER drill another well in the state.
Read More “PA AG Shapiro Dismisses 14 Felony Charges Against Coterra re Dimock”
Anti-Drilling/Fossil Fuel | Coterra Energy (Cabot O&G) | Energy Companies | Industrywide Issues | Pennsylvania | Susquehanna County

PA AG Shapiro’s Vicious Attack Against Coterra Energy Continues
November 23, 2022November 23, 2022

Anti-Marcellus Josh Shapiro, currently Attorney General, soon to be Governor

In June 2020, Pennsylvania Attorney General Josh Shapiro (Democrat) announced an indictment of Cabot Oil & Gas for allegations of methane migration going back more than a decade, long before he was elected as AG (see PA AG Charges Cabot with Enviro Crimes for Long-Settled Dimock). Shapiro’s indictment was a bogus charge, an attempt to turn a long-settled accident into a crime–all for political gain. Shapiro recently won the race to be the state’s next governor. Bashing the Marcellus industry as AG gave him credibility with the wacko left in his own political party. A few weeks after Shapiro’s shameless and bogus indictment in 2020, Cabot (now Coterra Energy) signaled it would fight him tooth and nail in court (see Cabot Signals They Will Fight PA AG Sham Dimock Indictment). Here’s the next chapter: Shapiro is about to force Coterra (still under indictment for multiple felonies) to pay for a new municipal water system in the middle of nowhere for 20 homes that already had methane in their water for generations before Cabot showed up to drill.
Read More “PA AG Shapiro’s Vicious Attack Against Coterra Energy Continues”
Ascent Resources | Bradford County | Chesapeake Energy | Energy Companies | Gulfport Energy | Jefferson County (OH) | Ohio | Olympus/Huntley & Huntley | Pennsylvania | Range Resources Corp | Repsol | Susquehanna County | Washington County | Weekly Permits | Westmoreland County

26 New Shale Well Permits Issued for PA-OH-WV Nov 14-20
November 23, 2022November 23, 2022

Last week (Nov. 14-20) saw a total of 31 new shale permits issued across the Marcellus/Utica, up slightly from 26 permits the week before. Pennsylvania received the most permits, with 26 new permits issued. Ohio received five new permits, and West Virginia got skunked with no new permits last week.
Read More “26 New Shale Well Permits Issued for PA-OH-WV Nov 14-20”
Armstrong County | Ascent Resources | Belmont County | Bradford County | Chesapeake Energy | Coterra Energy (Cabot O&G) | Energy Companies | EXCO Resources | Gulfport Energy | Harrison County | Jefferson County (OH) | Lycoming County | Monongalia County | Northeast Natural Energy | Ohio | Pennsylvania | Range Resources Corp | Susquehanna County | Washington County | Weekly Permits | West Virginia

26 New Shale Well Permits Issued for PA-OH-WV Nov 7-13
November 18, 2022November 18, 2022

Permits issued to drill new Marcellus/Utica wells slipped last week, for the week of Nov. 7-13. Last week saw a total of 26 new permits issued, falling from 43 permits the week before. Pennsylvania received the most permits, just barely, with 13 new permits. Ohio received 12 new permits, and West Virginia a single new permit.
Read More “26 New Shale Well Permits Issued for PA-OH-WV Nov 7-13”
Energy Services | Eureka Resources | Industrywide Issues | Litigation | Pennsylvania | Regulation | Susquehanna County | Wastewater

Sen. Katie Muth’s Attempt to Block Dimock Wastewater Plant Dismissed
November 11, 2022November 11, 2022

Pennsylvania State Senator Katie Muth’s attempt to block a proposed frack wastewater treatment plant in Dimock (hours away from her own district) has completely bombed out. Muth tried to challenge and block a permit for the plant, an effort which was mostly rejected in court back in June (see PA EHB Dismisses Senator’s Request to Block Dimock Wastewater Plant). The PA Environmental Hearing Board (EHB), a special court set up to hear challenges to Dept. of Environmental Protection (DEP) decisions, allowed Muth one final remaining way to continue her challenge–by claiming she has personal “standing” to challenge the permit as a resident of the state. In September, Eureka Resources, the builder of the facility, asked the court to quash her claim of standing (see Dimock Wastewater Plant Hits Back Against PA Sen. Katie Muth). The court granted Eureka’s request on Wednesday.
Read More “Sen. Katie Muth’s Attempt to Block Dimock Wastewater Plant Dismissed”
Coterra Energy (Cabot O&G) | Energy Companies | Pennsylvania | Susquehanna County

Coterra 3Q – Reserves Down 32-36%, Upper vs. Lower Marc. Testing
November 7, 2022November 7, 2022

click for larger version

Coterra Energy was formed one year ago (October 2021) when Cabot Oil & Gas merged with Cimarex Energy. Coterra issued its third quarter update yesterday. The company made $1.2 billion in profit last quarter, versus making just $64 million a year ago. Natural gas production in the Marcellus was 2.21 Bcf/d, down just a tick from 2.36 Bcf/d produced in 3Q21. The company generated over $1 billion in free cash flowing during 3Q. Coterra uses its free cash flow to issue dividends, buy back shares, and retire debt sooner. Even with all the good news, a little bit of “bad” news spooked the stock market. Coterra said its Marcellus reserves (gas in place that can be economically extracted) went down by 32-36%. Coterra’s stock tumbled as much as 8% during trading on Friday. The stock price has begun to recover.
Read More “Coterra 3Q – Reserves Down 32-36%, Upper vs. Lower Marc. Testing”
Bradford County | Energy Companies | ESG | Industrywide Issues | Pennsylvania | Repsol | Susquehanna County | Tioga County (PA)

Repsol Begins Shipping MiQ Certified Natural Gas from PA Marcellus
November 3, 2022November 3, 2022

Spanish-owed Repsol owns 214,000 net acres of leases in the Marcellus Shale, primarily located in northeastern Pennsylvania in Bradford, Susquehanna, and Tioga counties. Earlier this year, Repsol said it was working with certification authority MiQ to have all of its Marcellus production certified as “responsibly produced” (see Repsol Pursues MiQ Responsible Gas Cert for Marcellus Production). Good news! MiQ has granted full certification, and as of Nov. 1, Repsol is providing “responsible” Marcellus gas to the marketplace.
Read More “Repsol Begins Shipping MiQ Certified Natural Gas from PA Marcellus”
Bradford County | Chesapeake Energy | Coterra Energy (Cabot O&G) | Diversified Energy | Encino Energy | Energy Companies | Harrison County | Monroe County | Ohio | Pennsylvania | Susquehanna County | Weekly Permits

9 New Shale Well Permits Issued for PA-OH-WV Oct 3-9
October 14, 2022October 14, 2022

Another week of pathetically low numbers for new shale drilling permits issued during the week of Oct. 3-9. The previous week saw only nine new permits too. All of a sudden, Pennsylvania is seeing far fewer permits issued than is typical. Just five new permits were issued in PA for Oct. 3-9, with all five in the northeastern part of the state. Chesapeake received two permits, and Coterra received three permits. In Ohio, just four permits were issued, with two going to Diversified Energy (typically doesn’t drill new wells) in Monroe County, and two going to Encino Energy in Harrison County. West Virginia had a big, fat, goose egg last week. No new permits.
Read More “9 New Shale Well Permits Issued for PA-OH-WV Oct 3-9”
Ascent Resources | Bradford County | Brooke County | Carroll County | Chesapeake Energy | Coterra Energy (Cabot O&G) | Encino Energy | Energy Companies | Guernsey County | Jefferson County (OH) | Ohio | Pennsylvania | Range Resources Corp | Southwestern Energy | Susquehanna County | Utica Resources | Washington County | Weekly Permits | West Virginia

9 New Shale Well Permits Issued for PA-OH-WV Sep 26-Oct 2
October 7, 2022October 7, 2022

Just nine new permits to drill shale wells were issued across the three Marcellus/Utica states for Sept. 26 to Oct. 2. Pennsylvania turned in the second week in a row of very low new permits–just three issued, all of them to different companies in different counties. Ohio issued just four new permits, with two of them going to Encino Energy in Carroll County. And West Virginia issued just two new permits, both to Southwestern Energy in Brooke County.
Read More “9 New Shale Well Permits Issued for PA-OH-WV Sep 26-Oct 2”
Ascent Resources | Clearfield County | Coterra Energy (Cabot O&G) | Energy Companies | Guernsey County | Gulfport Energy | Indiana County | Marshall County | Monroe County | Ohio | Ohio County | Pennsylvania | Pennsylvania General Energy | Seneca Resources | Southwestern Energy | Susquehanna County | Tioga County (PA) | Weekly Permits | West Virginia | XTO

21 New Shale Well Permits Issued for PA-OH-WV Sep 12-18
September 23, 2022September 23, 2022

Last week the three states with active Marcellus/Utica drilling, Pennsylvania, Ohio, and West Virginia, issued a collective 21 new drilling permits, down from the 30 permits issued the week before, and down from the 40 permits issued the week before that. The trend is not our friend right now. PA issued 13 permits, and OH and WV issued four permits each.
Read More “21 New Shale Well Permits Issued for PA-OH-WV Sep 12-18”
Anti-Drilling/Fossil Fuel | Energy Services | Eureka Resources | Industrywide Issues | Litigation | Pennsylvania | Susquehanna County | Wastewater

Dimock Wastewater Plant Hits Back Against PA Sen. Katie Muth
September 22, 2022September 22, 2022

Pennsylvania State Senator Katie Muth’s attempt to block a proposed frack wastewater treatment plant in Dimock (hours away from her own district) is failing spectacularly. Muth tried to challenge and block a permit for the plant, an effort which was mostly rejected in court back in June (see PA EHB Dismisses Senator’s Request to Block Dimock Wastewater Plant). The Environmental Hearing Board (EHB), a special court set up to hear challenges to Dept. of Environmental Protection decisions, allowed Muth one possible remaining way to continue her challenge–by claiming she has personal “standing” to challenge the permit as a resident of the state. Eureka Resources, the builder of the facility, is firing back against anti-fossil fuel Muth, asking for the court to quash her claim of standing. Also, an ethics charge against Muth has been filed with the State Ethics Commission over this issue.
Read More “Dimock Wastewater Plant Hits Back Against PA Sen. Katie Muth”
Coterra Energy (Cabot O&G) | Energy Companies | Pennsylvania | Susquehanna County

Coterra Energy Using $750M in Cash to Pay Down Notes/Debt
September 20, 2022September 20, 2022

In early August, MDN reported that Marcellus driller Coterra Energy had made $1.2 billion in profit during the second quarter of 2022 (see Coterra Makes $1.2B in 2Q, Pumps 2.8 Bcf/d NatGas, 3 Rigs in NEPA). The company cleared $1 billion in free cash flow for 2Q–an amazing number. Yesterday, Coterra announced what it would do with three-fourths of 2Q’s free cash flow. Coterra is buying back and retiring notes (debt) early.
Read More “Coterra Energy Using $750M in Cash to Pay Down Notes/Debt”
Armstrong County | Ascent Resources | Butler County | CNX Resources | Coterra Energy (Cabot O&G) | Elk County | Energy Companies | Guernsey County | Indiana County | INR/Infinity Natural Resources | Jefferson County (OH) | Monongalia County | Ohio | Ohio County | PennEnergy Resources | Pennsylvania | Seneca Resources | Snyder Brothers | Southwestern Energy | Susquehanna County | Utica Resource Operating | Weekly Permits | West Virginia | XTO

30 New Shale Well Permits Issued for PA-OH-WV Sep 5-11
September 16, 2022September 16, 2022

Last week the three states with active Marcellus/Utica drilling, Pennsylvania, Ohio, and West Virginia, issued a collective 30 new drilling permits, down from the 40 permits issued the week before. PA roared back to life by issuing 21 of the 30 permits, with OH issuing just three and WV issuing six.
Read More “30 New Shale Well Permits Issued for PA-OH-WV Sep 5-11”
Energy Companies | Epsilon Energy | Pennsylvania | Susquehanna County

Epsilon Energy Issues Dividend; New PA Well Comes Online
September 2, 2022September 2, 2022

Epsilon Energy, one of the smaller Marcellus drillers that we track, issued an update this week to say the company has issued a dividend and has repurchased shares of the company’s stock in an effort to reward and increase value to investors. Epsilon also reports a new well in which they own a share recently came online to sales in Susquehanna County, PA.
Read More “Epsilon Energy Issues Dividend; New PA Well Comes Online”
Coterra Energy (Cabot O&G) | Education | Energy Companies | Industrywide Issues | Pennsylvania | Susquehanna County | Wyoming County (PA)

Texas, New Mexico, Okla. Travel to PA Marcellus to Get Educated
August 29, 2022August 29, 2022

Coterra drilling engineer Frank Estes gives a tour of an active drilling site in Susquehanna County, PA.

This is quite a turnabout. George Mitchell pioneered how to combine horizontal drilling with hydraulic fracturing in the Texas Barnett Shale 25 years ago, giving birth to the miracle of modern-day “fracking.” Drillers throughout the southwest, in Texas, New Mexico, and Oklahoma, experimented and blazed a trail for the rest of the country (and world) to follow. Yet now, representatives from those three southwestern states have traveled to northeastern Pennsylvania and the Marcellus to learn a thing or two that we have figured out and do better.
Read More “Texas, New Mexico, Okla. Travel to PA Marcellus to Get Educated”
Apex Energy | Ascent Resources | Belmont County | Bradford County | Chesapeake Energy | Clearfield County | Coterra Energy (Cabot O&G) | Energy Companies | EQT Corp | Greene County (PA) | HG Energy | Lewis County | Lycoming County | Marshall County | Ohio | Pennsylvania | Range Resources Corp | Southwestern Energy | Susquehanna County | Tug Hill Operating | Washington County | Weekly Permits | West Virginia | Westmoreland County | Wetzel County

45 New Shale Well Permits Issued for PA-OH-WV Aug 15-21
August 26, 2022August 26, 2022

After several weeks of anemic permit numbers for Pennsylvania, last week PA came roaring back by issuing 30 permits to drill new shale wells. Some 12 of those permits went to Coterra Energy for two pads in Susquehanna County. EQT (aka Rice Drilling) received six permits for a single pad in Greene County, and Chesapeake Energy also received six permits split between two pads–one pad in Bradford County and the other in Lycoming County.
Read More “45 New Shale Well Permits Issued for PA-OH-WV Aug 15-21”