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31 New Shale Well Permits Issued for PA-OH-WV May 27 – Jun 2
Two weeks ago, 18 new permits were issued to drill in the Marcellus/Utica region. Last week, May 27 – June 2, the number increased dramatically by 72% to 31 new permits. Most of the new permits came from two drillers. Range Resources scored the most with 11 new permits spread over two pads in Washington County, PA. EQT received nine new permits for a single pad in Wetzel County, WV. Chesapeake Energy received five new permits, all in Bradford County, PA. In fact, the rest of the new permits were all in PA, which handed out 22 new permits last week — a huge increase over the typical numbers for PA over the past few months.
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We should have known there was a price to pay, a “pound of flesh” to be exacted, when we read the announcement that the Bidenistas of the FTC (Federal Trade Commission) had approved EQT’s deal to buy Tug Hill’s West Virginia assets. Two days ago, EQT issued a press release to announce the deal had been blessed by the FTC and would happen within the next seven days (see 
Last September, EQT Corporation announced it was buying privately-owned Tug Hill Operating’s West Virginia shale assets for $5.2 billion (see 
In February 2022, Equitrans Midstream announced it had filed a new pipeline expansion project with the Federal Energy Regulatory Commission (see