M-U Rigs Down 1 @ 36; Haynesville Down 2 @ 56; Nat’l Up 3 @ 551
Last week, the combined Marcellus/Utica Baker Hughes rig count dropped by 1 rig in the PA Marcellus, leaving 36 active rigs across the three-state M-U region, down from 37 it had operated for 7 weeks in a row. The M-U’s chief competitor, the Haynesville, dropped 2 rigs to land at 56 active rigs, operating 20 more than the M-U. The national count added 3 rigs last week and now operates 551 rigs. That’s the fourth week in a row the national count has added rigs. Read More “M-U Rigs Down 1 @ 36; Haynesville Down 2 @ 56; Nat’l Up 3 @ 551”
The Marcellus/Utica region received 22 new drilling permits last week, May 4 – 10, up from the 19 permits issued two weeks ago. Pennsylvania issued 10 of last week’s permits. Ohio issued 8 new permits. West Virginia issued 4 new permits last week. The drillers who received new permits included: Ascent Resources, EOG Resources, EQT (including subsidiary Rice Drilling), Expand Energy, and Northeast Natural Energy. 
According to RBN Energy, the Northeast natural gas market is entering a new phase after years of stalled pipeline development and Appalachian takeaway constraints. Once a premium destination for Gulf Coast and Canadian gas, the region became a major supplier as Marcellus/Utica production surged, reversing flows toward the Southeast and Gulf Coast. Recent legal, regulatory, and cost hurdles have frozen major projects, with the Mountain Valley Pipeline serving as both a milestone and a warning. Now, under a friendlier regulatory climate, new expansions toward New York/New Jersey and New England are advancing. 
Three weeks ago, the Trump Department of Energy announced it is moving forward with funding for five of the original seven Biden-awarded hydrogen hub projects, spending $5 billion of the originally allotted $7 billion (see 
The West Virginia Supreme Court of Appeals ruled in favor of Equinor USA Onshore Properties Inc. (formerly Statoil) in a multi-million dollar tax dispute last Friday. The case has major implications for how the state calculates severance taxes for natural gas liquids. The decision reversed an intermediate court’s procedural dismissal, entitling Equinor to over $19 million in tax refunds for the years 2014, 2015, 2016, 2018, and 2019. The dispute centered on the definition of “gross proceeds” and the timeliness of administrative appeals in a years-long battle with the West Virginia tax commissioner. 
In January, MDN reported that Fidelis New Energy and 8090 Industries together had launched a new company, American Intelligence & Power Corporation (AIPCorp), to develop the Monarch Compute Campus in Mason County, West Virginia (see 
Antero Resources, the largest Marcellus/Utica (M-U) driller in West Virginia, released its Q1 2026 update last week. Antero placed 20 Marcellus wells to sales during Q1 with an average lateral length of 11,652 feet. Thirteen of these wells have been online for approximately 60 days with an average rate per well of 25 MMcfe/d, including 1,457 Bbl/d of liquids per well. Antero’s drilling and completion capital expenditures during Q1 were $222 million. In addition to capital invested in drilling and completion activities, the company invested $25 million in land during the first quarter. Through its land investment, Antero added approximately 5,400 net acres, representing 24 incremental drilling locations at an average cost of approximately $900,000 per location. 
EQT Corporation delivered its latest quarterly update yesterday for the first quarter of 2026. EQT sees the materialization of “in-basin demand growth” improving Appalachian market conditions through the end of the decade. The company says it is positioned as a preferred partner for large-scale power, midstream, and data center projects in the region. EQT plans to continue drilling and completing a significant number of wells throughout 2026, indicating ongoing development in the Marcellus and Utica regions. However, the company is curtailing (restricting) 10-15 Bcf (billion cubic feet) of production during the second quarter due to current low prices. 
How many times over the years have we reported on (and cheerleaded for) gas-fired power plants to get built in West Virginia? MANY times. Dozens, maybe hundreds of posts about this topic. Yet, in all the time we’ve been writing MDN (since January 2009), not a single, solitary *new* gas-fired power plant has been built in the Mountain State (although there are four existing, older gas-fired plants). Not one new plant! Until now. Kindle Energy yesterday announced it has broken ground at Wolf Summit Energy, a previously announced fully contracted, 600-megawatt greenfield combined-cycle gas turbine (CCGT) power generation facility in Harrison County, WV.