Energy Companies | Lease & Royalty Payments | Pennsylvania | Range Resources Corp | Washington County
Rising Phoenix Royalties Buys Royalty Payments from PA Landowner
Rising Phoenix Royalties (RPR) announced it has purchased the future royalty payments from a landowner in the Marcellus Shale, in Washington County, PA. This latest purchase by RPR covers 98 acres drilled under by Range Resources. This is not the first RPR transaction we’ve reported on.
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This edition of the Marcellus/Utica permits report covers the past two weeks as MDN was taking a break during the last week of 2021. For the period of December 20 through January 2, there were 29 permits issued to drill new shale wells in Pennsylvania, Ohio, and West Virginia. PA had 16 new permits (most of them located on two well pads), OH had 12 new permits (spread across five well pads), and WV had just one new permit. Must be WV DEP took the last two weeks of the year off.
A natural gas pipeline project management company based in Canonsburg, PA, GW Ridge LLC, ceased all operations in November and filed for bankruptcy in a Texas federal court. Creditors owed money filed a competing Chapter 7 bankruptcy action against the company in Pittsburgh and GW Ridge withdrew its Texas filing and agreed to allow the Pittsburgh case to proceed. A Chapter 7 (as opposed to a Chapter 11) means the company has stopped all operations and its assets will be sold or auctioned and the money given to creditors. GW Ridge is no more.
Last Thursday CNX Resources reached a plea deal with the Pennsylvania Attorney General’s office over alleged violations of the Air Pollution Control Act and bad recordkeeping. Yeah, you read that right. State Attorney General Josh Shapiro (a real putz) leveled criminal charges against CNX over miscounting how many times the company used a pig (pipeline inspection gauge) to clean out a pipeline in Washington County, PA. An anti-fossil fuel zealot who lives near the pigging station complained about noise and emissions and ran squealing to the AG (pun intended).
Headquartered in Fort Worth, Texas, Holland Services provides (used to provide) abstract and title examination services for the oil and gas industry. Holland maintained a large regional office in Washington, PA. A press release issued by the U.S. Department of Labor says the DOL has finally, after more than six years of endless lawsuits, forced Holland to pay back wages totaling $43 million owed for overtime to some 700 PA workers. As a side benefit the DOL has driven Holland into bankruptcy–the cherry on top for antis infesting the government agency.
Just two weeks ago MDN told you that Robinson Power Company LLC planned to resume construction of the Beech Hollow Power Plant in Robinson Township (Washington County), PA, a 1,000-megawatt Marcellus-fired project (see 
A healthy number of permits were issued to drill new shale wells across the Marcellus/Utica region last week. Pennsylvania issued 19 new permits in both southwest and northeast PA. Ohio issued 8 new permits, all of them to a single driller (Ascent Resources) for two well pads in two different counties. West Virginia issued 9 new permits–all but 2 of them were issued to Antero Resources in Tyler County.