22 New Shale Well Permits Issued for PA-OH-WV Oct 16 – 22 - Marcellus Drilling News
22 New Shale Well Permits Issued for PA-OH-WV Oct 16 - 22 | Marcellus Drilling News
New shale permits issued for Oct 16 – 22 in the Marcellus/Utica rebounded. There were 22 new permits issued last week, versus 14 the week before. Last week’s permit tally included 17 new permits in Pennsylvania, 5 new permits in Ohio, and no new permits in West Virginia. Chesapeake Energy was the top permittee for the week, drawing 7 permits between two counties in PA: Susquehanna and Wyoming (northeastern part of the state). EQT had 5 permits across two PA counties: Greene and Washington (southwestern part of the state). And Ascent Resources had 5 permits in Ohio in two counties: Guernsey and Harrison.
Related Knowledge Center: ENERGY BASICS: petroleum
While electric-powered vehicles may be the ride of the future, oil remains at least for now the dominant fuel for transportation around the world. And after a period of time at the end of the 20th century when oil was subject to wide fluctuations in price, new supplies in North America as a result of non-conventional recovery techniques have helped stabilize prices.