Enverus Onshore Rig Count Higher Again, Leaving Bottom Behind
Once again the Enverus onshore rig count added more active rigs over the past week. Last week at this time the rig count stood at 279. This week, as of yesterday, the count stood at 290, a gain of 11 rigs! However, the Marcellus/Utica counts remain pretty anemic. The Marcellus lost a rig from the dry gas area of northeastern PA. The total Marcellus count is 27. The Ohio Utica remains steady at a paltry 7 active rigs.
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MARCELLUS/UTICA REGION: EQT rolls back curtailments of natural gas production; Shareholders OK doubling of EQT’s authorized shares; OTHER U.S. REGIONS: Duke Energy’s natural gas plant near Asheville now producing power; NATIONAL: Frac is back; U.S. weekly LNG exports edge up; Is Warren Buffett right about natural gas?; COVID not done wreaking havoc on oil and gas industry; Natural gas rallies as traders eye Gulf of Mexico storm activity.
Terry Pegula is a billionaire who owns both the Buffalo Sabres (NHL hockey team) and the Buffalo Bills (NFL football team). Pegula is the owner of East Resources, once a big driller (and holder of acreage) in the Marcellus Shale. Pegula sold off East’s Marcellus assets and used the money, in part, to buy the Buffalo Bills in 2014, which gave rise to MDN calling the team “the Marcellus Bills”–since it was Marcellus money that kept the team in Buffalo, instead of moving to another market (see 
This absolutely must stop. Pennsylvania Attorney General Josh Shapiro is completely out of control and abusing his power as AG. He has charged a third Marcellus/Utica company, National Fuel Gas Company, with crimes because of a few minor cases of erosion runoff during the installation of a pipeline in Washington County, PA. Since when is erosion a CRIME?
“Be sure your sin will find you out” (Numbers 32:23). That phrase needs to be tattooed on the side of FirstEnergy’s headquarters because their sin of (allegedly) bribing Ohio lawmakers to pass a highly unpopular bailout of the company’s economically failing nuclear power plants has certainly found them out (see 
Just yesterday MDN told you about one expert’s view that there won’t be one massive NGL storage hub built in the Marcellus/Utica, but a number of smaller hubs (see 
Montage Resources, the new name for the merger of Eclipse Resources with Blue Ridge Mountain Resources which happened more than a year ago, announced yesterday it is selling its “non-core” wellhead gathering infrastructure (pipelines) in the Ohio Utica condensate development area to an unnamed international buyer for $25 million. The transaction is expected to close by the end of this year.
Each day New York State becomes more like a third world, tinhorn dictatorship. High and Supreme Lord Andrew Cuomo (governor and dictator of NY) has issued edicts to *permanently* ban all fracking in the state. The suckup legislature dutifully obliged (see 
We told you that the law passed in Ohio (House Bill 6) granting FirstEnergy (now called Energy Harbor) $1 billion in corporate welfare from ratepayers, destroying the fair playing field for natgas-fired electric plants in the bargain, stunk to high heaven. We told you that the entire thing was corrupt (see 
Last week MDN brought you details of the 
BJ Services, a pressure pumping (i.e. fracking) company, began life in the 1870s. BJ was purchased by, and merged into, Baker Hughes in 2009 for $5.5 billion. In November 2016, Baker Hughes along with financial partners Goldman Sachs and CSL Capital Management combined forces (and money) to turn the Baker Hughes BJ division back into a standalone company (see 
Pennsylvania’s hard-left Attorney General, Josh Shapiro, is doubling down on the fraudulent so-called grand jury report that bashes the state’s Marcellus Shale industry. Yesterday afternoon Shapiro spoke on a webinar sponsored by leftist fringe group PennEnvironment. Shapiro once again lied about fracking chemical transparency and threatened he will indict more shale companies. Shapiro is off the reservation and out of control.
A number of far-left anti-fossil fuel (nutty) organizations aren’t getting any traction. Nobody listens to them. So they’ve banded together to form a new umbrella organization called ReImagine Appalachia. In other words, they’ve put lipstick on an anti-fossil fuel pig, hoping they can now, finally, get someone to pay attention to them. Ain’t gonna happen.
There were 27 (!) new permits issued in Pennsylvania for shale drilling July 13-17. There were, once again, no new permits issued in Ohio. What’s up in Ohio? Is nobody filing new permit requests? Or does the ODNR have a backlog of unprocessed requests? There were 7 new permits issued in West Virginia for shale drilling last week. In PA, new permits were issued in Armstrong, Bradford, Greene, Lycoming, Susquehanna, and Westmoreland Counties. In WV all 7 permits were issued for the same well pad in Wetzel County.