Antero Resources | Armstrong County | Carroll County | Chesapeake Energy | Encino Energy | Energy Companies | EQT Corp | Harrison County | Indiana County | INR/Infinity Natural Resources | JKLM Energy | Ohio | PennEnergy Resources | Pennsylvania | Range Resources Corp | Seneca Resources | Snyder Brothers | Sullivan County | Tioga County (PA) | Tyler County | Washington County | Weekly Permits | West Virginia | Wetzel County
36 New Shale Well Permits Issued for PA-OH-WV Feb 10 – 16
For the week of Feb 10 – 16, the number of permits issued in the Marcellus/Utica to drill new shale wells soared. Two weeks ago, 24 new permits were issued. Last week, the number increased to 36 new permits issued. The Keystone State (PA) issued the vast majority with 23 new permits last week. Seven permits went to PennEnergy Resources, all on a single pad in Armstrong County. Snyder Brothers received five permits for a single pad, also in Armstrong County (meaning half the PA permits went to Armstrong). Range Resources was third in line with four new permits for a single pad in Washington County. Read More “36 New Shale Well Permits Issued for PA-OH-WV Feb 10 – 16”
We’re still coming to grips with understanding how the power generation market works with respect to providing electricity for AI data centers. Data centers can potentially be huge and important new customers for natural gas—especially Marcellus/Utica molecules, as some 25% of all the data centers currently operating in the country are located in northern Virginia, where they use M-U molecules. Ten days ago, we brought you a post to help you better understand the various scenarios for how powergen gets provided to these data centers (see 
At the end of December, Venture Global’s Plaquemines LNG export facility officially shipped its first cargo…to Germany (see 
For years, we’ve warned you about the potential for insanely high natural gas costs and even blackouts in New England. We’ve written post after post after post about Massachusetts then-Attorney General (now Governor) Maura Healey, a radical leftist who has consistently blocked new pipeline projects that would deliver cheap, clean, abundant Marcellus gas to her state (
An Austrian-based company claims its hydrogen-to-power projects are demonstrating the viability of using hydrogen gas engines, with some installations in Germany, the Netherlands, and South Korea using 100% hydrogen. At a company-hosted event, representatives discussed how natural gas-fired plants are adaptable for future hydrogen conversion and detailed the technical modifications required to support this energy transition. There is at least one gas-fired power plant in the Marcellus/Utica experimenting with blending hydrogen with natgas, the Long Ridge Energy Terminal in Monroe County, OH, (see 
NATIONAL: California phaseout of fossil fuel cars faces Congress test; Residential energy expenditures have increased with colder weather and higher prices; DOE Sec. Wright – coal is critical to meeting energy demand; The truth about Big Oil and climate change; How to solve the energy sector’s growing skills shortage; INTERNATIONAL: Is the era of net zero pledges coming to an end?; EU trade chief says ready to work with USA on lower tariffs; Oil holds above $72 amid supply uncertainty; U.S. and India revamp bilateral energy, trade pacts. 
EQT Corporation, the nation’s second-largest natural gas producer after Expand Energy, delivered its fourth quarter and full-year 2024 update yesterday. The company, which drills solely in the Marcellus/Utica, produced 605 Bcfe of natural gas and equivalents during 4Q, which works out to be 6.58 Bcfe/d, despite curtailing 27 Bcfe (or 0.29 Bcfe/d, the same as 290 MMcf/d). Aside from the stats of what happened in 4Q24 and for the full year, much of the chatter in the update was about what is coming in 2025. EQT’s top brass said it is deep in discussions with multiple data centers and will likely have a few signed deals to provide gas to data center power plants by the end of 2025. 
The 
Yesterday, MDN noted the NYMEX “front month” futures price of natural gas had jumped 28.2 cents to close just above $4/MMBtu (see 
Two days ago, President Trump signed yet another executive order, this one called “Ensuring Accountability for All Agencies.” We’ve lost count of how many he’s signed! This latest EO is a really, hairy, big deal. This EO gives the president sweeping control over the budgets, policies, and regulations of independent U.S. agencies that oversee the energy sector, financial markets, trade, and transportation. Agencies like the Federal Energy Regulatory Commission (FERC) and Securities and Exchange Commission (SEC). Predictably, the left is shouting, “Dictator!” They are in full meltdown mode. The right is arguing the 50+ “independent” agencies created by Congress (but nominally under the Executive Branch) are an unelected bureaucracy not accountable to anyone—not to the President, not to Congress, and not to the courts. 
Antero Resources, which is 100% focused on the Marcellus/Utica with over 500,000 net acres under lease (and the largest M-U driller in West Virginia), issued its fourth quarter 2024 update last week. The company reports net production in 4Q24 averaged 3.43 Bcfe/d, up ever-so-slightly from 3.42 Bcfe/d in 4Q23. Natural gas production averaged 2.1 Bcf/d, a 7% decrease from the same period in 2023. Liquids (NGL) production averaged 217 MBbl/d, a 14% increase from the year-ago period. A little less gas, a little more liquids. Antero achieved a net income of $150 million and adjusted net income of $181 million. Additionally, the company realized a 27% reduction in drilling and completion capital expenditures compared to the prior year. 
Hold on, everyone. The NYMEX natural gas price roller coaster is climbing up the next hill, and there is no telling how high it will go—or how quickly it will go down again. Yesterday, the NYMEX “front month” (March contract) for natural gas futures based on the price at the Henry Hub soared 28.2 cents to close at $4.0070 (call it $4.01). It was the sixth day in a row that the price has gone higher. The current cold snap (weather) in the central and eastern sections of the country is credited with the rise in the price. NGI reports its nationwide average for the spot price of natgas soared $1.010 to $6.880, its highest level since Winter Storm Enzo in mid-January. 
According to a recent report from PJM Interconnection, the manager of the electric grid in all or parts of 13 states plus D.C., three electric transmission zones that are wholly or partly in Pennsylvania are expected to see sharp increases in power demand from current and new data centers in the next few years. For all three zones, PJM says the increase in demand will mostly come from existing and planned new data centers. The solution? Build more Marcellus-fired power plants to meet the demand.