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January 25, 2024
With U.S. stock markets set to open in two hours, (RMD) was up 8.8% in pre-market trading, and (IBM) was up 7.2%. (RRC), (AAL), and (SFM) were all posting...
January 22, 2024
According to the Pittsburgh Tribune-Review, Range Resources, the first driller to sink a Marcellus well back in 2004, has applied for and received a conditional use application to build three well pads in Fawn Township in Allegheny County, PA. The township secretary says a road into the property is now being built. Construction of the
January 19, 2024
There were 23 new permits issued to drill in the Marcellus/Utica during the week of Jan. 8-14, versus 18 permits issued for the prior week. Pennsylvania issued 13 new permits last week. Ohio issued just 2 new permits. West Virginia issued 8 new permits --- for the second week in a row. EQT scored the
January 5, 2024
We are catching up on permits issued...for the last two weeks of December. Normally we cover permits issued for a single week. This report covers permits issued for the two weeks covering Dec. 18 - 31. Perhaps it's a good thing we're reporting on two weeks as Ohio's ODNR seems to have taken the last
January 3, 2024
Zacks is one of the top investment research firms focusing on stock research, analysis, and recommendations. A new alert issued by Zacks asks this question: Is Natural Gas Poised for a Turnaround After 2023 Slump? The article recaps what happened to the price of natural gas in 2023 and what may happen in 2024. Interestingly,
January 3, 2024
How was 2023 with respect to the return on investment (ROI) in the stocks of gas-focused (largely Marcellus/Utica) drillers? Of the three classes of O&G companies --- oil-focused, diversified, and gas-focused --- it was the gas-focused drillers who had the best stock returns in 2023, according to an analysis by RBN Energy. Gas-weighted E&Ps posted
December 22, 2023
New shale permits issued for Dec 11 – 17 in the Marcellus/Utica continued the trend up over the previous week. There were 35 new permits issued last week versus 27 issued two weeks ago. Last week’s permit tally included 17 new permits in Pennsylvania, 13 new permits in Ohio, and 5 new permits in West
December 13, 2023
With U.S. stock markets set to open in two hours, (VRTX) was up 6.9% in pre-market trading, and (TTWO) was up 3.5%. (HESM), (BERY), and (RRC) were all...
December 8, 2023
New shale permits issued for Nov 27 - Dec 3 in the Marcellus/Utica were much improved over the previous few weeks. There were 25 new permits issued last week versus 14 issued two weeks ago and just one new permit three weeks ago. So the trend is our friend! Last week’s permit tally included 15
December 8, 2023
/PRNewswire/ -- The shale gas market size is expected to grow by USD 20.36 billion from 2023 to 2028, according to Technavio. In addition, the growth momentum...