West Virginia

U.S. Natural Gas Rig Count Up Two as GOM Activity Rises

U.S. Natural Gas Rig Count Up Two as GOM Activity Rises

The U.S. natural gas rig count rose two units to finish at 101 during the week ended Friday, a week that also saw a notable uptick in drilling activity in the Gulf of Mexico (GOM), according to updated data from oilfield services provider Baker Hughes Co. (BKR). Drilling gains in the United States for the…

July 9, 2021
West Virginia Bill to Establish More Natural Gas Well Permitting Fees Headed to Governor

West Virginia Bill to Establish More Natural Gas Well Permitting Fees Headed to Governor

The West Virginia Legislature has passed a bill establishing a $2,500 fee for producers that want to make modifications to existing horizontal natural gas well permits.  Senate Bill 404 passed both Republican-controlled chambers last week and is headed to Republican Gov. Jim Justice’s desk, who is expected to sign it. The bill was introduced in…

March 22, 2021
EQT Shifting More Focus to West Virginia, With No Plans to Drill in Ohio This Year

EQT Shifting More Focus to West Virginia, With No Plans to Drill in Ohio This Year

EQT Corp. is planning more drilling and completion activity this year in West Virginia, where it will focus on lowering well costs in a state that’s home to a large chunk of its assets.  “I think when you step back and look at the assets that we have, about 40% of our leasehold is in…

February 19, 2021
West Virginia Again in Revenue Squeeze on Low Natural Gas Prices, Coal Demand

West Virginia Again in Revenue Squeeze on Low Natural Gas Prices, Coal Demand

West Virginia is once again grappling with a budget shortfall as severance tax collections have so far missed the mark this fiscal year, which began in July, as natural gas prices stagnate and coal demand remains lackluster.

December 2, 2019

More Horizontal Wells Planned in West Virginia Legacy Oilfields

Viper Capital Partners LLC, a Houston-based investment firm, has acquired rights across two conventional oilfields in western West Virginia, where an affiliate plans to develop Berea Sandstone wells with shallow horizontal drilling technology.

September 4, 2019
West Virginia Natural Gas Production Neared 2 Tcf in 2018

West Virginia Natural Gas Production Neared 2 Tcf in 2018

West Virginia oil and natural gas production both grew by double-digits last year, reflecting similar increases from unconventional wells in nearby Ohio and Pennsylvania that are likely to be tempered as operators continue to pull back across the Appalachian Basin.

August 7, 2019

Braskem Said to be Withdrawing from West Virginia Cracker Project

Plans for a multi-billion dollar ethane cracker in West Virginia are once again uncertain, as Braskem SA confirmed late Wednesday that it has hired a financial adviser to evaluate strategic alternatives for a nearly 400 acre site it owns in the state.

July 25, 2019

West Virginia Governor Vetoes Bills Pushed by Natural Gas Industry

West Virginia Gov. Jim Justice in an unexpected move has vetoed two bills aimed at helping smaller natural gas producers in the state.

April 1, 2019

Utica Spacing Bill Fails in West Virginia, but New Rules May Modernize Law

A high-priority bill to modernize deep well spacing laws has failed in West Virginia, where the legislature’s 60-day regular session came to an end last weekend with mixed results for the oil and natural gas industry.

March 14, 2019
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Antero Resources Corp. has reached a settlement with federal and West Virginia regulators to resolve alleged Clean Water Act violations at 32 sites that could find it paying more than $11 million for penalties and environmental restoration work.

February 13, 2019
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