Weekly Shale Drilling Permits for PA, OH, WV: Jul 26-Aug 1
Last week both Pennsylvania and West Virginia received permits to drill new shale wells. Ohio was left out of the permit game for a second week in a row. PA received 19 new permits, with 9 going to Range Resources, 4 going to Seneca Resources, and a smattering of others. WV received 9 new permits, all of them in Tyler County and all but 2 given to Antero Resources.
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SECUR O&G, LLC is headquartered in Sewickley, PA, but its main operation, a Marcellus/Utica waste processing center, is located in the Bens Run Industrial Park in Friendly (Tyler County), WV. SECUR processes both liquid and solid drilling waste and handles TENORM (technologically enhanced naturally occurring radioactive material) at its Bens Run facility. Last Friday SECUR filed for Chapter 11 bankruptcy in U.S. Bankruptcy Court for the Southern District of WV.
Peregrine Energy Partners, headquartered in Dallas, Texas, continues a program to buy royalty rights in the Marcellus/Utica. In January 2019 we told you about Peregrine’s purchase of rights from undisclosed sellers in southwest PA (see
EQT announced yesterday it has closed on a deal to sell “certain non-strategic assets” to Diversified Gas & Oil (DGO) for $125 million, plus another potential $20 million later on. MDN first told you about this deal on May 13 (see