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28 New Shale Well Permits Reported for PA-OH-WV Aug 31 – Sep 6
The Marcellus/Utica region received 28 new drilling permits last week, August 31 – September 6, down from the 39 permits issued two weeks ago. Pennsylvania issued 11 of the new permits. Ohio issued 12 new permits. And West Virginia issued 5 new permits. The drillers who received new permits last week were: EOG Resources, Expand Energy, Greylock Energy, Northeast Natural Energy, and Range Resources. Read More “28 New Shale Well Permits Reported for PA-OH-WV Aug 31 – Sep 6”
West Virginia has sued the Pennsylvania Public Utility Commission in federal court, arguing that two Pennsylvania laws — Act 40 of 2017 and Act 114 of 2020 — built a wall around the state’s “alternative energy credit” market and locked out every power producer outside Pennsylvania’s borders. West Virginia Attorney General JB McCuskey filed the 54-page complaint on September 3 in the U.S. District Court for the Middle District of Pennsylvania, and here’s the kicker: the PUC’s own annual report, published seven months earlier, told the legislature that these very rules needed a second look. 
West Virginia State Treasurer Larry Pack released a report Tuesday that finally puts real numbers on a question a lot of Mountain State residents have been shouting past each other about: when a giant data center lands in your county, who actually gets the tax money? The answer, according to Treasury Strategic Analyst Mark Muchow, is that two projects alone — the Penzance Management campus in Berkeley County and Google’s project in Putnam County — would generate more than $103 million a year in property taxes, and roughly 62% of it stays home with county commissions and county school boards. 
Competitive Power Ventures (CPV) and EQT Corporation have signed a 10-year gas supply agreement that locks up the entire fuel appetite of the CPV Shay Energy Center, the $3 billion, 2,100-megawatt (MW) combined-cycle plant headed for Doddridge County, West Virginia. It’s the deal that turns Shay from a project on paper into a project with a fuel contract. 
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Last week, the Pennsylvania Marcellus lost one rig, now down to 16 active rigs after running 17 rigs for 12 weeks in a row. Bummer. Ohio lost a rig two weeks ago and didn’t pick it back up last week, remaining at 10 active rigs for the second week. And West Virginia picked up Ohio’s lost rig two weeks ago, boosting its number to 9 active rigs, maintaining that number last week. All told, the M-U operated 35 rigs last week, which is 21 fewer than our biggest rival (for money and attention), the Haynesville, which operated 56 rigs last week. 
Peregrine Energy Partners, the Dallas-based royalty buyer we’ve been tracking since 2019, is back in the Marcellus/Utica with its checkbook open. Yesterday (Aug. 4), the company announced it closed five separate mineral and royalty deals — two of them right here in the M-U — totaling roughly 3,680 net royalty acres and interests in more than 1,240 producing wells. The first Appalachian deal is a cash-flowing overriding royalty portfolio in Susquehanna County, PA, covering about 936 gross acres and 86 producing horizontal Coterra Energy (now Devon Energy) wells, with more than 50 DUCs and PUDs behind them in both the Upper and Lower Marcellus. 
Back in January 2022, we brought you what looked like a milestone: the WV Dept. of Environmental Protection had issued a construction permit for a big Marcellus gas-fired power plant next door to the Longview coal plant in Maidsville, Monongalia County (see