A Weekly Overview of Basin Activity February 1 - 7, 2021
The Basin Digest Weekly 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.
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 of February 1 - 7, 2021
The Basin Transaction Summary presents public information regarding the sale of oil and gas assets in 2020. This information is provided courtesy of RBC Richardson Barr.
