Last week the three states with active Marcellus/Utica drilling, Pennsylvania, Ohio, and West Virginia, issued a collective 19 new drilling permits, down from 30 the week before. The top receiver of permits in PA was EQT (i.e. Rice Drilling), with five permits issued for the same well pad in Greene County. Range Resources and Inflection
In July 2021, Seneca Resources, the drilling arm of utility giant National Fuel Gas Company, conducted its first experiment with electric fracking (see Seneca Resources Uses Electric Fracking for 6-Well Pad in PA). Seneca used U.S. Well Services to provide e-fracking for a six-well pad on Lycoming County, PA. Must be Seneca liked it at least
Drillers (exploration and production companies, or E&Ps) were thrilled with record-high earnings and cash flow in the second quarter of this year. Soaring commodity prices and "strict financial discipline" on the part of oil and gas drillers resulted in pre-tax operating earnings and cash flows surging by 29% and 22%, respectively, from 1Q22. And 1Q22
/PRNewswire/ NexTier Oilfield Solutions Inc. (NYSE: NEX) ("NexTier" or the "Company") and Seneca Resources Company, LLC ("Seneca"), the Exploration and.
NexTier and Seneca Resources Enter Agreement for Electric Powered Emerald™ fracturing system in Appalachian Basin streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.