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Reading the Permit Tea Leaves: Who’s Building Where in PA Shale
Every Saturday, the Pennsylvania Bulletin publishes pages of DEP permit notices that almost nobody reads. We read them so you don’t have to. Taken one at a time, most look routine: an erosion permit here, an air permit there. Lined up side by side, they tell you which drillers are building, and where. Last weekend’s edition (Oct. 24) shows Expand Energy busy across the Northern Tier, Repsol and Seneca/NFG working in Tioga County, Devon still building in Susquehanna County, and XTO getting a new pad ready in Butler County. Read More “Reading the Permit Tea Leaves: Who’s Building Where in PA Shale”
The highly functional and responsible Susquehanna River Basin Commission (SRBC), unlike its dysfunctional and irresponsible counterpart, the Delaware River Basin Commission (DRBC), continues to support the shale energy industry by approving water withdrawals and consumptive use requests for responsible, safe shale drilling. The SRBC published a notice in the October 24th Pennsylvania Bulletin that the SRBC approved and/or renewed 33 general water use permits in September for individual shale gas well drilling pads in Bradford, Lycoming, McKean, Sullivan, Susquehanna, Tioga, and Wyoming counties. 
The Marcellus/Utica region received 29 new drilling permits last week, September 28 – October 4, nearly double the 16 permits issued two weeks earlier. Pennsylvania issued 20 of the new permits. Ohio issued 9 new permits. And West Virginia got skunked, issuing no new permits. The drillers who received new permits last week were: Blackhill Energy, Coterra Energy (now Devon Energy), EOG Resources, Expand Energy, Gulfport Energy, Infinity Natural Resources (INR), and Snyder Brothers. 
Expand Energy — America’s #1 gas producer, which drills in Pennsylvania under the name Expand Oper LLC — just picked up a fresh batch of Notices of Violation from DEP. Pressure tests witnessed by DEP inspectors on Aug. 6 and Aug. 13 confirmed new casing/cementing defects in four wells across three pads in Susquehanna and Wyoming counties, while two more pads remain under watch for older, unresolved issues. 
It finally happened. Chord Energy, the Bakken-focused driller that inherited a big non-operated slice of the northeast Pennsylvania (NEPA) Marcellus when it bought Enerplus in 2024, has found a buyer. That buyer is POSCO International, the trading and energy arm of South Korean steel giant POSCO. The price is $550 million. MDN first told you in February 2025 that Chord was thinking about selling this asset, and in July 2025 that it was actively shopping it (see links below). The deal covers approximately 32,000 net acres and trailing 12-month (TTM) production of approximately 121 MMcf/d (MMcf/d means million cubic feet per day). The gas is all “residue” gas, meaning dry gas with no NGLs (natural gas liquids like ethane and propane). 
Devon Energy and Williams spent the last week of July doing something that doesn’t show up on a reserve report: teaching northeastern Pennsylvania teenagers how the gas business actually works. Then, on July 30, the Pennsylvania Chamber Foundation named both companies “Greatest Places to Intern in PA.” Six days later, Devon CEO Clay Gaspar told analysts he’s fielding “no shortage of incoming phone calls” about which assets he might sell — with the Marcellus at the top of everybody’s list. Which raises a question nobody on Wall Street is asking: who inherits the workforce machine?