Monthly Archives: February 2017

Oil and Gas Update for 2/17/2017 – PADEP Pipeline Approvals, Trump’s Rollback of Energy Related Regs, and Earthquakes in the Utica

The Henry Hub dipped below $3 for the first time in several months alongside a rig count that climbed 10 more units nationwide since our last report, despite a fragile but steady oil price hovering at around $55/bbl.  In Appalachia, PADEP issued several key permit authorizations for the Marine East 2 and PennEast pipeline projects and has its eyes set on low-level microseismic activities attributed to zipper frac jobs in the Utica.  In other news, Trump’s controversial pick for EPA chief survives a bumpy nomination process amidst rollbacks of energy-related regulations by Congress and the President under the infrequently invoked Congressional Review Act.  Here’s your week in review: About The Author

Posted in Weekly Updates

Oil and Gas Update for 2/10/2017 – PA Governor Proposes Severance Tax – Again – while Rover Pipeline Initiates Condemnation Proceedings in WV and OH Federal Courts

The Henry Hub is on a gradual slide, but that hasn’t stifled the rig count, climbing an additional 12 units since our last report alongside a relatively steady oil price.  In Appalachia, Governor Wolf proposed another severance tax to fill budget gaps by approximately $215 million while Rover Pipeline invokes eminent domain authority for a FERC-approved project designed to move Appalachian gas.  Here’s your week in review: About The Author

Posted in Weekly Updates

Oil and Gas Update for 2/3/2017 – Tracking the Trump Effect on Energy Policy, a Couple of Gorsuch’s Oil and Gas Opinions, and a Couple of Vanishing Royalty Verdicts in TX and WY.

The national rig count continues to climb while oil and natural gas prices dipped slightly since our last report. In Appalachia, the West Virginia Supreme Court denied a partition by a co-owner of oil and gas interests who sought to develop the shallow rights himself while blocking the co-tenants from developing the deep rights. In other news, Trump’s recent flurry of executive actions provide some insight into his vision for energy policy, and his pick for SCOTUS – a judge from an energy producing region – has penned a few noteworthy oil and gas decisions. In other regions, courts in Texas and Wyoming made a splash last week throwing out multi-million dollar judgments while a federal court in Texas weighs in on

Posted in Weekly Updates
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At the Well Weekly
Welcome to At the Well Weekly, a blog designed for busy folks in the oil and gas industry. If you haven’t read a thing during the week, our hope is that you can breeze through the update and be up to speed on the basics such as current rig counts, commodity prices, and case law updates on legal issues of interest in Appalachia and elsewhere.
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Cozen O’Connor Blogs