Houston Natural Resources Corp. Buys WV’s Cunningham Energy LLC
In 2015 Cunningham Energy, a small oil driller based in West Virginia, struck oil in the Big Injun sandstone formation in Clay County, WV (see Cunningham Strikes Oil in West Virginia’s Big Injun Territory). In 2017 the company reported producing 20,000 barrels of oil from two new shallow horizontal oil wells in Clay County, targeting the Big Injun (see Cunningham Energy Strikes More Oil in WV). Cunningham drilled two more wells on the same pad, the Lions Paw pad in 2019 (see Cunningham’s WV Lions Paw Pad Roars, Produces 100K Bbl of Oil). Since then, we haven’t heard or read any more news about Cunningham. The company is back in the news in a big way: Houston Natural Resources Corp (HNRC) has completed a 100% interest in Cunningham. That is, Cunningham was bought out by HNRC.
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New shale permits issued for Feb. 13-19 in the Marcellus/Utica remained elevated last week. There were 35 new permits issued in total last week (down slightly from 40 the week before), including 27 new permits for Pennsylvania, three new permits for Ohio, and five permits issued in West Virginia. Last week the top receiver of new permits was Coterra Energy, with 13 new permits for Susquehanna County, PA. The number two permittee was Apex Energy with five permits in Westmoreland County, PA.
The Big Injun is back in the news. In 2015 Cunningham Energy, a small oil driller based in West Virginia, struck oil in the Big Injun sandstone formation in Clay County, WV (see
Cunningham Energy is a small oil driller based in West Virginia. In 2015, Cunningham struck oil in the Big Injun sandstone formation in Clay County, WV (see
Cunningham Energy is a small oil driller based in West Virginia. In 2015, Cunningham struck oil in the Big Injun sandstone formation in Clay County, WV (see
Sorry, but we can’t avoid using a politically incorrect term in this report: “Injun.” As in the Big Injun Formation, a layer of tightly-packed sandstone that lies above the Marcellus Shale layer in several West Virginia counties. Apparently there’s natural gas in the Big Injun in Clay County, WV, and Cunningham Energy (of Charleston) is going to drill three horizontal/fracked wells to try and get that gas. Fracking the Big Injun has been talked about for a long time (here’s a