Marcellus Shale News Pulse July 2022

Posted: August 22, 2022

The Marcellus Shale | June 2022

Field Overview

The Marcellus Shale is the largest gas play onshore in the US. Located in the Northeast, it supplies the high-demand markets along the East Coast. Most of the basin’s gas is produced through unconventional methods, while the little oil produced is mostly by conventional means. Some of the top formations include the Onondaga and the Huntersville.

State Drilling Statistics

Active Drilling Rigs in Basin- 35 (-3)
Total Rigs in Pennsylvania- 23 (-1)
Total Rigs in United States- 762 (+6)
Total U.S. Rigs 52% YTD

State Permitting Data
Permits Approved – 85

Marcellus Top Producers
Top Producer By BOE – Chesapeake

Basin Highlights

Court blocks Pennsylvania’s carbon emissions plan

Governor Wolf attempted to implement a carbon tax program for the energy industry in Pennsylvania. Under this policy, power plants using coal, oil, or natural gas are forced to purchase credits for each ton of carbon dioxide they release. One of the greatest emitters and power producers in the country is Pennsylvania. A preliminary injunction issued by Commonwealth Court prevents the Wolf administration from “implementing, administering or enforcing” the carbon-pricing policy, which has long been the cornerstone of the Democratic governor’s strategy to combat global warming and is intended to reduce carbon dioxide emissions from power plants. Power Pennsylvania Jobs Alliance, a coalition of industry and labor groups, argued that the policy would actually increase energy prices for consumers. The group called the ruling a “significant win for working families.”

Mountain Valley Pipeline Seeks an Another Project Extension

Virginians continue to disagree on the pipeline’s future as Mountain Valley Pipeline asks for an additional four years to complete the long-delayed project. The pipeline is intended to transport natural gas from the Marcellus shale regions into Virginia. The first certification for Mountain Valley Pipeline expired in October 2020. The FERC-approved two-year extension is scheduled to end in October 2022. The business asked FERC in June to extend its certification until October 2026, claiming that it has “has continued to actively progress construction of the project but has continued to experience delays due to litigation and subsequent agency remands related to certain permits and authorizations.” The corporation won’t be able to continue working without the extension, but this outcome is anticipated to result in additional legal disputes.

Operators with Most Permits in PA

1Range Resources18
3Seneca Resources8
Hyperlinks to available Q3 2021 Reports

Top Producers By Gas

ChangeRankCompanyGas Production (MMcf) (6/22)
2Coterra Energy78.3
3Range Resources63.0
5Rice Drilling49.0
Hyperlinks to available Q3 2021 Reports

Rig Count

PA Oil Production

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PA Natural Gas Production

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