List of 42 PA Shale Gas Drillers by Number of Wells Drilled
Who are the top shale drillers in Pennsylvania, as ranked by the number of shale gas wells drilled in total, to date, from the beginning of the shale play when Range Resources drilled the very first Marcellus well in 2004? It won’t surprise you to learn that Range itself is in the top 5. It’s also no surprise that EQT is at the very top of the list, given it is the #1 natural gas producing company in the U.S. We have full details on the top 5 Marcellus/Utica drillers in PA, along with a list of the other 37 PA shale drillers (42 drillers in all).
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In 2016 a group of business and government leaders from Ohio and West Virginia in the Mid-Ohio Valley banded together to form an economic development group called Shale Crescent USA, or SCUSA (see 
Last week MDN brought you Part 1 of a series on the coming crisis in lack of pipeline capacity serving the Marcellus/Utica region (see 
On Friday MDN told you that EQT has partnered with a company called Project Canary (used to be Independent Energy Standards Corporation) to use the TrustWell™ Responsible Gas Program to monitor two EQT gas wells to prove to the world (in particular the global warming lunatics) that EQT’s gas is good and green (see 
Forget about the great American road trip. You won’t be able to charge your electric vehicle quickly enough or (in some cases) at all. Prepare to have your views of the countryside ruined by solar panels and windmills on just about every available hill, mountain, and ridgeline. Oh yeah, and get used to being a vegetarian too, because cows and pigs and chickens burp and fart too much methane and all that animal methane is toasting mom earth. You may think we’re joking, just poking fun at environmentalist wackos. Just read the AP article below and give us your interpretation of what those who now occupy D.C. have planned for YOU–citizens of the US of A.
MARCELLUS/UTICA REGION: W.Va.’s Manchin: Market will settle debate over fossil fuels, climate change, renewable energy; De Blasio moves to ban natural gas hookups: ‘Literally’ our ‘only choice is renewable energy’; NATIONAL: U.S. shale ponders the unexpected: what to do with coming cash windfall?; Joe Biden goes to war with oil, and will lose; Lawsuit argues Biden’s executive order conflicts with existing laws; Tribes exempt from pause in U.S. federal drilling program; Mineral and royalty valuations remain low amid recent oil price gains; Biden revokes oil drilling permits for additional review; INTERNATIONAL: EIA estimates that global petroleum liquids consumption dropped 9% in 2020; Fossil fuel transition: Expect oil price spikes as capital investment declines; China CO2 Pledge (video).
Yesterday EQT, the largest natural gas producer in the U.S., announced it is partnering with a Denver, CO company calling itself “Project Canary” to run a test on two of its shale gas pads, to prove the gas produced is “certified responsibly sourced” natural gas. The test will purportedly prove that EQT is doing a good job of producing its natgas with “high environmental and social standards.” Personally, we don’t think they have anything to prove, nor should they. But hey, it’s not our company to run.
CNX released fourth-quarter and full-year numbers yesterday, but without the usual press release summarizing the results. CNX’s top brass did hold a conference call with analysts to discuss the update. Right out of the chute CEO Nick DeIuliis opened up the session by making four points. Nick’s very first point was that “2020 marked the most successful year we’ve seen as an E&P” as measured by free cash flow.
Well, this is a bummer. Dave Spigelmyer, someone we consider to be a friend, is retiring from the Marcellus Shale Coalition (MSC) effective today. He will be replaced by MSC board member Dave Callahan, who officially takes over on Monday. Spigelmyer has been president (the second president of the MSC) since 2013. He took over from another terrific person, Katie Klaber, the organization’s first president. Dave Callahan has big shoes to fill, but we’re confident he’s up to the task.
Invoking the words “coronavirus” and “COVID-19” like a magical talisman, Pennsylvania’s far-left, bumbling governor, Tom Wolf, has for the seventh year in a row issued a budget proposal that won’t pass because it includes a Marcellus-killing severance tax on top of the existing severance tax (called an impact “fee”). Every year the urgent/critical reason changes for why Wolf needs to get his grubby hands on hundreds of millions of dollars. Just insert whatever is currently in the news into the blank and it’s the same tired, old appeal. This year the excuse is the coronavirus and restoring PA’s failing economy. Wolf is Johnny One-Note when it comes to proposing a severance tax every year.
Over the past week, the Enverus U.S. rig count jumped up by another 12 active rigs, making the new count 442. That’s the highest the rig count has been since April 2020 when the count began to drop like a rock as the coronavirus pandemic began to bite deeply. The count for both the Marcellus and Utica remained constant at a combined 42.
Federal Energy Regulatory Commission (FERC) member Neil Chatterjee during a recent webinar “laid out the business case for the GOP to get on board with the clean energy transition.” Chatterjee “urged the natural gas sector to be nimble and open to new opportunities the transition may present.” What kind of “new” opportunities and “transition” is he talking about?
It’s been an eventful (and not in a good way) week and a half since Joe Biden seized control of the White House. Or more properly, since the radicalized left took control and began ramming anti-fossil fuel Executive Orders down old senile Joe’s throat. He just keeps signing, admitting he doesn’t even know what’s he signing (
Diversified Gas & Oil (DGO) owns close to 8 million acres of leases with some 60,000 (mostly) conventional oil and gas wells. Their focus has been to acquire quality production and cash flow–regardless of the well or commodity type (gas or oil)–in the Appalachian Basin. DGO currently owns over 400 Marcellus/Utica shale wells in their portfolio too. The company just added to their inventory of shale wells, closing on the purchase of five Utica Shale wells in Monroe County, OH. The purchase price for all five? $8.4 million.