M-U Spot Gas Hits 2-Year Low as Cove Point Goes Dark
Appalachian spot natural gas prices just fell off a cliff. Texas Eastern M-2 — the benchmark hub for Marcellus/Utica gas — dropped 41.5 cents to average $1.245/MMBtu for weekend and Monday deliveries, with some trades printing as low as $1.020, according to NGI (Natural Gas Intelligence). Eastern Gas North shed 44.5 cents to $1.195. Six regional hubs traded at their lowest prices since November 2024. Two things did the damage at the same time: Cove Point LNG shut down for annual maintenance Saturday, and a sharp cool-down swept the eastern U.S., taking a big bite out of air-conditioning demand. Read More “M-U Spot Gas Hits 2-Year Low as Cove Point Goes Dark”
Big Green’s second legal attack against Transco’s Southeast Supply Enhancement Project (SESE) just fired its opening shot. On September 18, Sierra Club, Appalachian Voices, Southern Alliance for Clean Energy, and 7 Directions of Service filed their 142-page opening brief in the D.C. Circuit (Case No. 26-1100), arguing FERC’s approval of the pipeline was “arbitrary and capricious” because the agency allegedly ignored evidence that SESE and a second, co-located pipeline would combine to inflict “severe and potentially permanent” damage on streams across Virginia and North Carolina. Construction on SESE has continued the entire time — including through a failed bid by the same groups to freeze it back in June. 
The U.S. Chemical Safety and Hazard Investigation Board (CSB) last Wednesday, Sept. 16, released its final report on the June 4, 2025, explosion and fire at Shell Polymers Monaca, the ethane cracker plant in Beaver County, PA (see 
The Pittsburgh Tribune-Review (via the TribLive website) ran a big Saturday feature arguing that Western Pennsylvania’s drilling rebound is being driven by the data center boom. The legwork is real — five township officials, two activist groups, a CNX executive, a Pitt professor. The framing isn’t. The story gives readers three different answers to “how many wells does Pennsylvania have,” gets the cause of last year’s drilling backward, and then, twelve hundred words in, quietly disproves its own headline. 
A small liquefied natural gas (LNG) plant in Medley, Florida — just outside Miami — is now trucking rocket fuel up the peninsula to Cape Canaveral. Sawgrass LNG & Power announced last Thursday that it has begun supplying LNG to an unnamed “aerospace customer” at the Cape, with the first deliveries completed in August. We’ve written about this plant before, and the interesting question for MDN readers is the same one we asked in April 2025: are any of those molecules ours? 
NATIONAL: U.S. natural gas futures retreat on cooling weather; Utilities support proposed federal bill to reform judicial review of natural gas pipelines; INTERNATIONAL: Crude falls on Iran diplomacy hopes; Has the oil market changed forever?; Canada sees scope for France LNG partnership, minister says; Qatar says it’s ready to resume LNG operations within weeks of Hormuz reopening; Climate collapse – four billion to perish?; Europe faces ‘decades-low’ winter natural gas storage levels. 
Three weeks. Same number. The Marcellus/Utica sat at 33 rigs again for the week ended September 18, while the national count added four to reach 595—a fresh 52-week high, topping the 593 we charted on August 14. Oil rigs up. Gas rigs up. Frac spreads up. And WTI closed at $100.74 a barrel with Henry Hub at $2.91. Everything in this report moved except the Marcellus/Utica. 
Columbia Gas Transmission (a TC Energy company) has asked federal regulators for permission to permanently walk away from three underground natural gas storage fields straddling the Pennsylvania/West Virginia line near Majorsville — plugging 71 wells, tearing out a compressor station, and abandoning nearly 20 miles of pipe. On September 9, FERC set the clock on its environmental review. If you’re a landowner in Greene or Washington County, PA, or Marshall County, WV, this one lands in your backyard. Here’s the plain-English version of a very technical filing. 
In a companion post today, we told you that of 22 proposed data center campuses in Northeastern Pennsylvania, exactly one plans to build its own gas-fired power (see Only 1 of 22 NEPA Data Centers Plans Its Own Gas Plant). The Pittsburgh Post-Gazette hands us the mirror image. Reporter Anya Litvak counted 10 new natural gas power plants proposed within an hour’s drive of Pittsburgh — more than 20 gigawatts (GW) of new capacity, most of it chasing data center demand, all of it aimed at the next five years. Pennsylvania’s entire existing generating fleet, every power plant and wind turbine and solar panel in the state, adds up to about 45 GW. Southwestern PA alone is proposing to add 22 GW. That is not an expansion. That is a second Pennsylvania grid. 
The Marcellus/Utica region received 16 new drilling permits last week, September 7 – 13, down from the 28 permits issued two weeks ago. Pennsylvania issued 13 of the new permits. Ohio issued 3 new permits. And West Virginia issued no new permits. The drillers who received new permits last week were: CNX Resources, EOG Resources, EQT, Infinity Natural Resources, and Range Resources. 
It’s a sellout, and we now have the full scorecard. On Tuesday, the Bureau of Land Management (BLM) auctioned drilling rights to 40 parcels of federal minerals under Ohio’s Wayne National Forest (WNF), and every parcel found a buyer. The 2,776.84 acres in Monroe and Washington counties brought $11,097,693 in total receipts. Five companies won leases, and one of them, Apex Energy Operating III LLC, walked off with nearly two-thirds of the acreage. We have BLM’s full parcel-by-parcel results, embedded below. It’s the first federal lease sale in the WNF since March 2017. 
DeepRock Disposal Solutions wants two of its Noble County, Ohio, injection wells back in service — and the Ohio Department of Natural Resources (ODNR) keeps saying no. ODNR’s Division of Oil and Gas Resources Management shut the Travis and Warren wells in January 2023, blaming them for a 2021 brine eruption that cost the state $1.28 million to clean up. DeepRock argued its case at a hearing in April. It lost. The division chief issued a fresh order on July 31 continuing the suspension, and on Aug. 28 DeepRock appealed to the Ohio Oil and Gas Commission. Here’s the part our readers should circle on the calendar: under Ohio Administrative Code, DeepRock has 120 days from that July 31 order — until roughly Nov. 28 (our count) — to submit a plan fixing what the division found, or plug both wells permanently. 
Precision Drilling, the Calgary-based rig contractor that says it’s the #2 drilling company-for-hire in the Marcellus, announced on Sept. 16 that it will keep buying back its own stock for another year. Yawn, right? Stick with us. The buyback is the boring part. The interesting part is the investor presentation Precision put out this month, which lays out why the company thinks gas drilling for LNG exports will keep its rigs busy for years, and why the price of renting a rig is heading up.