Antero Resources | Butler County | Chesapeake Energy | EdgeMarc Energy | Energy Companies | Marshall County | Monroe County | Ohio | Pennsylvania | Pennsylvania General Energy | Southwestern Energy | Susquehanna County | Tioga County (PA) | Tyler County | Weekly Permits | West Virginia | Wyoming County (PA)
Weekly Shale Drilling Permits for PA, OH, WV: Mar 29-Apr 2
All three M-U states received permits to drill new shale wells last week. Pennsylvania received 6 new permits (4 of them for Chesapeake Energy). Ohio received 4 new permits last week, all of them for Antero Resources (2 different well pads). And West Virginia received 4 new permits (3 of them for Southwestern Energy).
Read More “Weekly Shale Drilling Permits for PA, OH, WV: Mar 29-Apr 2”
Epsilon Energy concentrates most of its effort on the Marcellus in Susquehanna County, PA. Epsilon doesn’t typically do its own drilling. The company joint venture partners with (gives money to) other companies, like Chesapeake Energy, and the other company typically does the drilling. Just yesterday our headline story was about Epsilon suing Chesapeake over Chessy’s refusal to honor a jv agreement and allow Epsilon to drill four wells in Susquehanna County, PA (see 
Eureka Resources currently operates three frack wastewater treatment facilities in the Marcellus Shale, two in Williamsport (Lycoming County), PA (where the company is headquartered), and one in Wysox (Bradford County), PA. In October 2019 the company began extracting lithium from Marcellus wastewater at its Wysox facility (see 
At some point in the distant past (during our lifetime) swamps got renamed to “wetlands.” Don’t you just love how the left euphemizes everything? Chesapeake Energy is a bad actor when it comes to shafting landowners out of royalties, we’ll grant you that. However, the company must now pay Pennsylvania and the federal government (DOJ and EPA) a combined $1.9 million for “failure to identify and protect wetlands at 76 oil and gas well sites in Pennsylvania.” In other words, failure to protect swamps.
Yesterday Cabot Oil & Gas issued its fourth-quarter and full-year 2020 update. Cabot continues to be one of the few drillers that consistently makes a profit quarter after quarter, year after year–even during a downturns like what happened in 2020. Although down from 2019, in 2020 Cabot made just over $200 million in net income. They drilled 74 wells, completed 86 wells, and produced an average of 2.3 billion cubic feet equivalent per day (Bcfe/d) last year.
Cabot Oil & Gas, the powerhouse dry gas producer operating in one northeastern Pennsylvania county (and producing roughly 2.5% of the natgas for the entire nation from that one county) is not due to release full 4Q and full-year 2020 numbers until Feb. 19. However, the company did provide some high-level numbers for last year and a preview of what it plans to do in 2021.
It was exactly one year ago that the Pennsylvania Supreme Court ruled in THE most consequential lawsuit for Marcellus Shale drilling we’ve seen, a case called Briggs v Southwestern Energy (see