At the Well Weekly (v.11.13.2020)


Oil + Gas Update | WV Top Lease Takes Priority Over Base Lease Under State's Recording Act.


Spot prices in Appalachia climbed since our last report as did oil prices and the national rig count. In pipeline news, the Fourth Circuit stayed MVP's water crossings permit, DEP shut down parts of Revolution Pipeline, and nuns claim that Transco pipelines violate religious rights. In Appalachia, the West Virginia Supreme Court addressed top leases and overrides while Commonwealth Court addressed condemnation powers of storage operators in PA. In other news, a Delaware bankruptcy court OK's debtor's rejection of another gathering agreement.


Here's your week in review...


Rig Counts, Spot Prices + Oil Prices


  • Rigs: National (+312); Marcellus (+27); Utica/Point Pleasant (-4)


  • Brent Crude: +$43.88/bbl


  • West Texas Intermediate: +$41.37/bbl


  • NYMEX: November 2020 @ -$3.031/MMBtu


  • Spot Prices: Henry Hub (+$2.77/MMBtu); Dominion South (+$.1.38/MMBtu); Tenn. Zone 4 (+$1.36/MMBtu)


("+" or "-" or blank denotes increase, decrease, or flat. )


WOPL - Appalachia


  • Adelphia Project (Greater Philadelphia Region): Nothing new to report.


  • Atlantic Sunrise (Northeastern PA to SE Pennsylvania): Nothing new to report.


  • Dakota Access (Northwest US): Nothing new to report.


  • Empire Pipeline (NY to PA): Nothing new to report.


  • Keystone Pipeline (Canada/US): Nothing new to report.


  • Leidy South - Benton Loop Expansion (PA): Nothing new to report.


  • Mariner East (Western PA to Eastern PA): Nothing new to report.


  • Mountaineer XPress (WV): Nothing new to report.


  • Mountain Valley Pipeline (Northern WV to Southern Va. and NC): Water crossing permits issued for the Mountain Valley Pipeline have been put on hold pending an appeal by environmental groups that argue the project puts protected species at risk. A local judge ordered tree-sitter protesters out of their stands.


  • NEXUS (Ohio to Michigan): Nothing new to report.

  • NFG (PA): Nothing new to report.


  • NFG FM100 Project (NC PA to Transco): Nothing new to report.


  • Northeast Supply Enhancement Project (NJ/NY): Nothing new to report.


  • Northern Access (NW PA to Western NY): Nothing new to report.


  • Northern Supply Access Project (Appalachia to Gulf Coast): Nothing new to report.


  • PennEast (PA to Central Jersey): Nothing new to report.


  • Regional Energy Access (NE PA to PA/NJ): Nothing new to report.


  • Revolution Pipeline (PA): DEP