Permits to drill in the U.S. onshore hit their second highest level for 2018 in December at 5,647, behind only November, Evercore ISI said Tuesday.
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U.S. oil and natural gas permitting during November increased 60% from a year ago and was up by almost one-third month/month (m/m), aided by strong gains in Colorado, New Mexico and Wyoming, according to Evercore ISI.
U.S. oil and gas drilling permits climbed 23% year/year in October and were up 39% from September, a strong sign that activity is likely to improve early next year, Evercore ISI said Thursday.
A total of 3,600 permits to drill onshore in the United States were issued during July, down 28% from June but 8% higher than a year ago, as weaker numbers in Colorado, Texas and Wyoming were offset by gains in Ohio and North Dakota, according to Evercore ISI.
Pursuing the same strategy they used to persuade a court to stop water crossing construction activities for the Mountain Valley Pipeline (MVP) until a broader legal challenge is resolved, a coalition of environmental groups wants to do the same to the Atlantic Coast Pipeline (ACP) project.
The U.S. Army Corps of Engineers Huntington District has reinstated the Mountain Valley Pipeline’s (MVP) Nationwide Permit (NWP) 12 for four river crossings in West Virginia, but a stay issued last month by a federal appeals court remains in effect.
New permitting requirements for unconventional natural gas wells and some midstream facilities that are aimed at cutting air pollution in Pennsylvania are set to take effect Aug. 8 after years in the making.
The Pennsylvania Environmental Hearing Board (EHB) has denied the appeal of two environmental groups that have for years been challenging permits for six unconventional natural gas wells operated by Rex Energy Corp. near a school in Butler County.
Requests for oil and natural gas drilling permits continued to strengthen in March, when U.S. land permits totaled 5,586, up 34% from February and 42% year/year, according to data by Evercore ISI.
Ascent Resources Marcellus Holdings LLC (ARM) and its subsidiaries have emerged from Chapter 11 bankruptcy. The filing was a negotiated agreement reached with first and second lien term loan holders to restructure the balance sheet, reduce long-term debt and improve liquidity. The company owed more than $1 billion on the loans. The bankruptcy proceedings did not involve Ascent Resources LLC or other affiliates that oversee Utica Shale operations in Ohio. ARM operates more than 40,000 acres in West Virginia.