Energy Sector Jobs Have Steadily Grown Since June 2024
Yesterday, the Energy Workforce & Technology Council released its monthly jobs report, highlighting a rebound in employment across the U.S. energy services sector. Total jobs in the sector were reported at 655,630 for November 2024, reflecting an increase of 1,890 positions from October, according to preliminary data from the Bureau of Labor Statistics (BLS) and analysis conducted by the Energy Workforce & Technology Council. Overall employment in the energy sector has been higher each month compared with corresponding months last year beginning in June—an indicator that activity in oil and gas is ever-so-gradually beginning to increase again. Read More “Energy Sector Jobs Have Steadily Grown Since June 2024”
MARCELLUS/UTICA REGION: Shapiro DEP awards $24 million to Chesapeake Bay watershed; OTHER U.S. REGIONS: California law causes refineries to close, prices to soar; NATIONAL: BP seeks buyers for US natural gas pipeline system stake, sources say; The odds for/against U.S. tariffs on imported Canadian, Mexican crude; Meta joins the nuclear-powered AI fray; INTERNATIONAL: BP, JERA to consolidate offshore wind assets under new JV; Norway, Australia end overseas financing for unabated fossil fuels; Brits pay billions to waste wind energy; Why Mexico still sits on the sidelines at OPEC+ meetings. 
The Baker Hughes national rig count dramatically increased last week, adding seven rigs for a national count of 589. Note that the national count continues to be rangebound between 581 and 589 since June (except for Sep. 13, when it hit 590 for a single week). Will we break out of the rut and go higher? Stay tuned. Meanwhile, the Ohio Utica lost one rig last week, but the Pennsylvania Marcellus picked it up, keeping the combined M-U count at 35. 
Upper Burrell (Westmoreland County, PA) town supervisors have historically been receptive (or at least tolerant) to the Marcellus Shale industry that has so blessed their town and Westmoreland County (
Two pipeline industry titans are going after each other again. Energy Transfer and Williams previously tangled over an aborted proposed merger, a saga that stretched from 2015 until it was finally settled in 2023 (see 
In January 2023, New York Gov. Kathy Hochul, an extremist, floated a plan to ban natural gas hookups in every single new home and business across the “Empire” State (see 
You’ve heard of UFOs—Unidentified Flying Objects. What about UOWs? That would be Undocumented Orphaned Wells. Not to be confused with undocumented illegal aliens. Researchers at the Department of Energy’s Lawrence Berkeley National Laboratory, located in Berkeley, California, have figured out how to use artificial intelligence (AI) to scan and read old maps, recognizing oil and gas well symbols on those maps to generate potential well locations that can then be verified via satellite imagery and field surveys. This may be the first practical thing to come out of Berserkely in years! 
Who let the DOGEs out? Who, who, who, who. (To be sung to the tune of the iconic song, 
For the week of Nov 25 – Dec 1, permits issued in the Marcellus/Utica dropped dramatically. Only 12 new permits were issued last week, less than half the 28 issued the week before. The Keystone State (PA) issued just two new permits, one to EQT in Greene County and the other to Range Resources in Washington County. The Buckeye State (OH) issued six new permits last week. All six went to Encino Energy (EAP), with four in Carroll County and two in Columbiana County. The Mountain State (WV) issued four new permits, three of which went to Southwestern Energy (now Expand Energy) in Ohio County and one to Antero Resources in Tyler County. 
CNX Resources announced yesterday it had struck a deal to buy the assets of Apex Energy II, LLC, a portfolio company of funds managed by Carnelian Energy Capital Management, for $505 million. Apex owns wells, acreage, and pipelines in Westmoreland County, PA. The Apex assets are close to, in some cases adjacent to, CNX’s considerable assets in the region. The deal is expected to close in the first quarter of 2025. 
One month ago, National Fuel Gas Company (NFG) CEO David Bauer confirmed that his company had given up after battling for 10 years to build the Northern Access Pipeline, a 97-mile pipeline from McKean County in Pennsylvania into and through Allegany, Cattaraugus, and Erie counties in New York that would have flowed Marcellus gas into New York State (see 
Come and get it! Only ten companies have applied to plug 77 orphaned wells in Pennsylvania as part of $44.4 million allocated for PA’s Methane Emissions Reduction Program (MERP) grant program. By our calculations, more than $41 million remains in the pot unclaimed. However, the clock is ticking. There is a Dec. 16 deadline to meet if you want some of the money. Use it or lose it. What are you waiting for? 
The research arm of Enverus (formerly Drillinginfo), one of the most trusted, energy-dedicated SaaS platforms offering real-time access to analytics, insights, and benchmark cost and revenue data, earlier this week published a new report on the Utica Shale. The report specifically discusses Utica oil—the production performance for Utica wells, and the economics of the play. The analysts of Enverus conclude that the Utica is “America’s modest middleweight contender.” However, that’s not the biggest news.