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BKV Shopping 214 Nonoperated Shale Wells in 6 NE Pa. Counties

Over the past seven-plus years, BKV Corporation (Banpu Kalnin Ventures), the American arm of Banpu (96% owned by Banpu, Thailand’s largest coal mining company), has become one of the top 20 gas-weighted natural gas producers in the U.S. BKV originally entered the American shale sector by investing $500 million in 2016-2017 to buy existing Marcellus ....

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NexTier Closing Frack Office, Laying Off 104 in Tioga County, PA

Last June, Patterson-UTI Energy, which operates roughly half of the active rigs in the Marcellus/Utica, announced it was merging with NexTier Oilfield Solutions in a combination that would create the #1 company in fracking services in the country (see Patterson-UTI & NexTier to Merge, Bigger Fracker than Halliburton). The merger was completed last September. However, ....

Marcellus Utica , Nextier Oilfield Solutions , Bigger Fracker , Tioga County , Energy Services , Industrywide Issues , Patterson Uti , Tioga County Pa ,

Making the Case for Carbon Capture & Storage in Rural PA Communities

Last week, MDN told you about landmen knocking on doors in Pennsylvania, Ohio, and West Virginia, looking to sign up landowners for a big carbon capture and sequestration project (see Landmen Knocking Doors in PA, OH, WV to Sign for CCS, Pore Rights). Tenaska is looking to sink 20-30 wells across a massive 80,000 acres ....

United States , West Virginia , Landmen Knocking Doors , Pore Rights , Carbon Capture , Industrywide Issues , Statewide Pa , Tioga County Pa ,

DT Midstream 4Q – M-U Pipeline Operations Expand, Looking for M&A

DT Midstream (DTM), headquartered in Detroit, owns major assets in the Marcellus/Utica region and other regions like the Haynesville. DTM issued its fourth quarter 2023 update last Friday. The Marcellus/Utica region (which they call Northeast in the report) received several prominent mentions during a conference call with analysts. Also of note were comments by DT ....

David Slater , Dt Midstream , Energy Services , Greene County Pa , Harrison County , Industrywide Issues , M Amp A , Marion County , Monongalia County , Noble County , Susquehanna County , Tioga County Pa , West Virginia ,

20 New Shale Well Permits Issued for PA-OH-WV Jan 29 – Feb 4

There were 20 new permits issued to drill in the Marcellus/Utica during the week of Jan. 29 - Feb. 4, versus 27 permits issued during the prior week. Pennsylvania issued 12 new permits last week. Ohio issued 6 new permits. West Virginia issued 2 new permits last week. We had a tie for the company ....

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