oil & gas assets

Eastern Scout

Serving the local market with drilling activities, permits & multiple listings

Eastern Scout
PLS's new Eastern Scout covers local drilling activity, permit data, rig activity and completions in the Eastern region (Pennsylvania, Ohio & West Virginia). Like all of PLS's Regionals this report includes a wealth of statistical analysis on activities and corporate performance. The reports also layer select advertising, business opportunities and multiple listings for sale.

  • Stay in front of local prospects, plays & rigs!
  • Pennsylvania, Ohio & West Virginia
  • Hard Copy and Email For 1 Individual
  • Every 3 to 4 Weeks (15 issues per year)
  • Regional discoveries, drilling activity, permits,
    completions and summary drilling statistics, layered
    with regional listings and business opportunities
  • Web access to the Eastern Scout archive
  • Does not include access to MLS


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News Date
ES - Diversified acquires HG’s Huckleberry assets for $400MM - April 2019
In the first major Appalachian transaction of 2019, London-listed Diversified Gas & Oil struck a $400 million deal to acquire operated assets near its existing operations in Pennsylvania and West Virginia from privately held HG Energy II. The so-called Huckleberry assets will boost the company’s net production by 30% to ~540 MMcfe/d and its PDP reserves by 20% to 3.4 Bcfe. Diversified is picking up 100% WI (87% NRI) in 107 unconventional producing wells with 2018 net production of...
Apr 16, 2019
ES - Pin Oak Energy grows holdings 35% in Utica deal with Shell - April 2019
Pin Oak Energy Partners has acquired Utica assets from Shell subsidiary SWEPI, LP in northwest Pennsylvania. The assets cover 43,000 acres in Mercer, Crawford and Venango counties within the oil and wet gas windows of the Utica. The position includes drilled and completed wells that have not been turned online, as well as undrilled pads.The area has seen limited Utica activity, with only a handful of horizontal wells targeting the formation. Completions have been reported by players...
Apr 16, 2019
ES - Regional Highlights - April 16, 2019
The EIA projects Appalachian output will sequentially grow 353 MMcf/d and 4,000 bo/d in May to 32.215 Bcf/d and 135,000 bo/d. There are 501 DUCs in Appalachia as of March, down by eight compared to February. President Donald Trump issued two executive order that would make it harder to block new pipelines. One order calls for the Environmental Protection Agency to streamline its permitting process, while another gives the president the sole right to issue, deny or amend...
Apr 16, 2019
ES - EQT Midstream Partners Highlights - April 16, 2019
EQT Midstream Partners agreed to acquire a 60% interest in Eureka Midstream Holdings and a 100% interest in Hornet Midstream Holdings from Morgan Stanley Infrastructure Partners. The $1.03 billion transaction, consisting of $860 million in cash and $170 million in assumed debt, was expected to close by April 15. Eureka is a 190-mile gathering system serving the dry gas Utica and wet gas Marcellus shale in Ohio and West Virginia, and Hornet is a 15-mile gathering system feeding into...
Apr 16, 2019
ES - Duke Energy Highlights - April 16, 2019
Duke Energy will need a “Plan B” pipeline if Dominion Energy’s Atlantic Coast pipeline is further delayed or killed by court challenges. The 1.5 Bcf/d pipeline from northern West Virginia to southern North Carolina has seen costs rise to $7.8 billion amid court-imposed delays. The company also postponed its expected completion to early 2021 from...
Apr 16, 2019
ES - Buckeye Partners Highlights - April 16, 2019
Buckeye Partners scheduled necessary hydrotesting for its Laurel line and is planning to file new Federal energy Regulatory Commission tariffs in advance of planned bi-directional service along the Altoona-to-Pittsburgh section of the refined fuels pipeline system. In cooperation with its shippers, Buckeye is moving forward with planned bi-directional service while FERC continues to review a petition for a declaratory order filed in April...
Apr 16, 2019
ES - BlackGold Capital Highlights - April 16, 2019
BlackGold Capital Management acquired overriding royal interests in the Ohio Utica. The company is a private credit investment firm focused on the energy...
Apr 16, 2019
ES - Montage targets 16% production growth, cash flow neutrality - March 26, 2019
At its first investor day on March 20, Montage Resources laid out its “Focus Five” strategy, comprised of cash flow and returns; cost and structure improvement and integration; financial and operational flexibility; portfolio optimization; and enhancing scale with disciplined growth. In terms of cash flow and returns, Montage plans to deliver a 25% reduction in lateral lengths, with 2019 horizontals averaging 11,700 ft versus 15,400 ft in 2018, and decrease initial wells per pad from...
Mar 26, 2019
ES - Ascent grows into one of Appalachia’s largest producers - March 26, 2019
During 2018, Ascent Resources ran an average of seven operated rigs, compared with five rigs in 2017. The company spudded 119 wells, fracked 119 wells and turned to sales 102 wells during the year. Production averaged 1.36 Bcfe/d, up 80% YOY, and reached a record 1.90 Bcfe/d in December. Commenting on its operations, the company said it was able to improve well EURs and capital efficiency through longer laterals and optimized well completions, while continuing to deliver basin-leading...
Mar 26, 2019
ES - Regional Highlights - March 26, 2019
The EIA projects Appalachian production will sequentially rise 358 MMcf/d in April to 31.507 Bcfe/d. There are 515 DUCs in Appalachia as of February, down by six compared to January. New-well gas production per rig in Appalachia is projected to sequentially increase 300 Mcf/d to 15,930 Mcf/d in April. US natural gas production grew by 10.0 Bcf/d or 11% YOY in 2018, tallying the largest annual increase in production on record and reaching a record high for the second...
Mar 26, 2019

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