A Weekly Overview of Basin Activity May 31 - June 6, 2021
The Basin Digest update presents the rig activity, product pricing,
and permitting information for the six-state region referred to as the Appalachian Basin.
The Basin Digest is based primarily on data from JKPC’s Appalachian Basin Databasecovering OH, PA, WV, KY, VA and NY. The database is derived from state reported data and Frac Focus data and includes all horizontal wells ranging from permitted status to producing. Formations in the database include Burkett (Geneseo), Marcellus, Utica, Lower Huron, Clinton and others.
We want your feedback!
Is there an area of horizontal wells that you would like to see in our newsletter as a highlight? Tell us what you would like to see in Basin Digest. Click here to submit your questions or feedback.
Rig Activity Summary
The table below presents the average weekly horizontal rig count based on information from Baker Hughes and Rig Data.
Product Pricing Summary
The table below presents the closing weekly prices based on various public data sources (ERGON/DIRECT ENERGY/ICE).
Permitting Summary by State
The table below presents the approved (issued) permits by week
based on various state public data sources (ODNR/PADEP/WVDEP).
The Virginia, Kentucky, and New York data is not up to date although there has been little recent horizontal activity in those states.
The table (below) presents a breakout of the approved (issued) permits
for the week from May 31 - June 6, 2021
CNX
The table (below) presents the approved (issued) permits by quarter
based on various state public data sources (ODNR / PADEP / WVDEP).
How then does a man gain the essence of wisdom? We cross the threshold of true knowledge when we live in complete awe and adoration of God. Stubborn know-it-alls will never stop to do this, for they scorn true wisdom and knowledge. – Proverbs 1:7
