The Marcellus/Utica region received 17 new drilling permits last week, September 14 – 20, up 1 from the 16 permits issued two weeks ago. Pennsylvania issued 6 of the new permits. Ohio also issued 6 new permits. And West Virginia issued 5 new permits. The drillers who received new permits last week were: Ascent Resources, EOG Resources, EQT, Expand Energy, and Seneca Resources. Read More “17 New Shale Well Permits Reported for PA-OH-WV Sep 14 – 20”
On Thursday morning, a natural gas leak at the Saunders Creek Regulator Station near Milton, WV (Cabell County) forced TC Energy’s Columbia Gas Transmission (TCO) to declare “force majeure” on the Mountaineer XPress (MXP) pipeline, one of the biggest Marcellus/Utica takeaway pipes in the region. Starting with today’s gas day (Friday, Sept. 25), the affected segment of MXP is cut to zero capacity until further notice. TCO estimates the hit to firm customers at 1.8 million dekatherms (MMDth) per day, which is roughly 1.8 billion cubic feet per day (Bcf/d) of Appalachian gas that suddenly needs somewhere else to go. Traders noticed. The October NYMEX futures contract settled up 27.4 cents (+9.06%) at $3.297 per MMBtu, the highest in about three months and the biggest one-day gain since January. Read More “WV Pipeline Leak Knocks 1.8 Bcf/d Offline, Gas Futures Jump 9.1%”
Boardwalk Pipelines’ Kosciusko Junction Pipeline Project, a 111-mile, 36-inch pipe across Mississippi that will carry Marcellus/Utica gas (and gas from other plays) to Southeast markets, now has all the federal permits it needs. FERC voted to approve the project at its Sept. 10 open meeting. On Sept. 23, the Federal Permitting Council announced that all federal permitting was finished. What’s next? Shovels. Boardwalk’s plan on file with FERC calls for construction to begin in December, about 10 weeks from now, with first gas flowing as early as April 2028. Read More “FERC Approves $1.1B Boardwalk Pipe to Flow M-U Gas to Southeast”
Yesterday we told you that activist hedge fund Toms Capital wants Devon Energy to sell the whole company rather than a few pieces (see Activist Toms Capital Pushes Devon to Sell Itself; Marcellus in Play). It turns out Devon is already selling pieces. Reuters reported yesterday (Sept. 24) that Devon has put both its Eagle Ford asset in South Texas and its Powder River Basin acreage in Wyoming up for sale, and that British supermajor BP is looking closely at the Eagle Ford. What isn’t on the list is the old Cabot Oil & Gas Marcellus position in Susquehanna County that Devon picked up when it bought Coterra Energy in May. For NEPA landowners, that’s the most interesting part of the story. Read More “Devon Shopping Eagle Ford, Powder River; Marcellus Not on the List”
Kinder Morgan has a new pipeline project in the works, one MDN has not told you about before, because until yesterday nobody outside the company had heard of it. It’s called the Southeast Connector, and it would run north to south across Middle Tennessee through 10 counties, stitching together two of Kinder’s biggest interstate systems: Tennessee Gas Pipeline (TGP) and Southern Natural Gas (SNG). Kinder VP Allen Fore made the rounds in DeKalb County on Thursday, meeting the county mayor, the Chamber of Commerce, and local media. Land agents may start knocking on doors as early as next week. Target in-service: 2029. Read More “Kinder Morgan Unveils Southeast Connector Pipe Across Tennessee”
The Pennsylvania Farm Bureau (PFB) is one of the good guys. Probably 99% of the time, MDN is right there cheering PFB on — for private property rights, for sensible regulation, for keeping Harrisburg off the farmer’s back. But yesterday PFB released a 23-page paper making the case for a “temporary, limited moratorium” on large-scale data center development in Pennsylvania. This is the other 1%. We think PFB is wrong on this one, and we’ll tell you why. Politely. Friends are allowed to disagree. Read More “PA Farm Bureau Wants a Data Center Pause. We Respectfully Dissent.”
MARCELLUS/UTICA REGION: WhiteHawk closes $111M of acquisitions, credit line rises to $175M; OTHER U.S. REGIONS: Renewable advocates worried about influencers and “misinformation” misinform themselves; Hochul to issue $200 energy rebate checks; Is climate activism dead? We went looking for it in New York City; NATIONAL: U.S. natural gas futures rise sharply on pipeline outage; Shale tycoon says Exxon CEO betrayed him in $60 billion deal; Stop Climate Shakedowns Act of 2026; INTERNATIONAL: Crude gains on tight supply signals; Qatar ramps up LNG shipping via Hormuz; A new technology launched for LNG transport. Read More “MDN’s Energy Stories of Interest: Fri, Sep 25, 2026”
When Appalachian gas prices fall into the basement, EQT turns down the valves, and CEO Toby Rice says the strategy is paying off. In an interview with Reuters on Tuesday, Rice put a dollar figure on it for the first time: a little over $200 million a year in benefit from selling less gas when prices are low and more when they’re high. He also said EQT, the country’s No. 2 gas producer, will pump more gas in 2026 than last year while spending less to do it. Rice talked up the company’s proposed POWER Pipeline to Ohio, its Mountain Valley Pipeline expansions, and a new 10-year LNG supply deal with Lithuania. His outlook for global gas demand is, let’s say, very bullish. Read More “EQT CEO: Shut-Ins Worth $200M a Year; Record Output Coming in 2026”
An activist hedge fund that has been quietly leaning on Devon Energy since June has now put its demands in writing, and it’s asking for a lot more. Toms Capital Management sent Devon a letter earlier this month urging the company to explore “strategic alternatives, including a sale.” In other words, sell the whole company, not just a few pieces. Toms says it’s now one of Devon’s five largest shareholders. Why do we care here in Appalachia? When Devon swallowed Coterra Energy in May, it got the old Cabot Oil & Gas Marcellus position in Susquehanna County along with it. If Devon itself gets sold, the future of that NEPA gas acreage (and the royalty checks it generates) is up for grabs. Read More “Activist Toms Capital Pushes Devon to Sell Itself; Marcellus in Play”
Shovels, meet dirt. The Federal Energy Regulatory Commission (FERC) yesterday gave Iroquois Gas Transmission System the green light to begin construction on its Enhancement by Compression (ExC) project — well, most of it. FERC signed off on new compression and gas cooling equipment at Iroquois’ Athens and Dover compressor stations in New York and its Milford station in Connecticut. The fourth site, in Brookfield, Connecticut, is still stuck in state air permit purgatory. But three out of four ain’t bad. It means real work can finally start on pushing more Marcellus/Utica gas into New York City and New England, two of the most gas-starved (and highest-priced) energy markets in the country. Read More “FERC OKs Iroquois ExC Construction at 3 of 4 Compressor Sites”
The Trump administration has formally sided with a pipeline company in a U.S. Supreme Court case that could change how much money landowners get when a pipeline takes their land by eminent domain. On Sept. 21, the U.S. Solicitor General filed a brief backing WBI Energy Transmission in Hoffmann v. WBI Energy Transmission (No. 25-159). The feds want to argue alongside WBI when the case is heard on Nov. 9. The case began in North Dakota’s Bakken, but the ruling will reach all shale plays, including Pennsylvania, where landowners currently enjoy more generous rules. Read More “Trump Admin Backs Pipeline in SCOTUS Landowner Legal Fee Fight”
A power company from Thailand just bought a big chunk of a natural gas-fired power plant sitting in Queens, New York — about two miles from LaGuardia Airport. Why should you care? Because the reason that plant is worth so much money is the very thing New York politicians keep telling us is a dead end. The Empire State has spent a decade banning fracking, killing pipelines, and lecturing the rest of us about the evils of methane. And yet: the single most valuable thing about Astoria Energy II is that nobody will ever be allowed to build another one like it. Scarcity, it turns out, pays very well. Somebody in Bangkok did the math. Read More “Thai Utility Buys 45% of NYC Gas Plant Fed by Marcellus Gas”
MARCELLUS/UTICA REGION: Data center developers urged to learn from natural gas industry amid regulatory backlash; OTHER U.S. REGIONS: Judge dismisses Michigan climate lawsuit against oil companies; NATIONAL: U.S. natural gas futures settle higher; Diesel export ban would not lower prices in the long term; Repealing power plant limits is a start; ARC-ES would make it stick; McCormick floats dedicated department to handle AI; Your electric bill is a permitting problem; INTERNATIONAL: Oil rises as diesel export talk swirls; Trump fuel export ban threat sends European diesel soaring; Germany sets out plan to phase out fossil fuels by 2045; Energy reality overtakes the transition narrative in S&P Global study. Read More “MDN’s Energy Stories of Interest: Thu, Sep 24, 2026”
Well, that was quick. Less than nine months after Everett Good took over as Chief Financial Officer (CFO) of Pittsburgh-based CNX Resources, he is stepping down. CNX said yesterday that Ravi Srivastava, the company’s Senior Vice President of Operations, is the new CFO, effective immediately (well, effective retroactively to Sept. 17). Srivastava, 45, is a 16-year CNX veteran—and, interestingly, an engineer by training rather than an accountant. The company also elevated Melissa Long, VP of Financial Reporting and Controller, to the role of principal accounting officer.
Editor’s Note (Sept. 23, 2026): An earlier version of this post, including our MDN’s Take, speculated that Mr. Good’s departure meant things “weren’t working out” and that CNX’s new CEO wanted a different person in the CFO role. We had no basis for that speculation, and we shouldn’t have offered it. CNX’s SEC filing states that Mr. Good and the company mutually agreed on his departure, that it was without cause, and that there was no disagreement over company operations, policies or practices. We apologize to Mr. Good and to CNX. We’ve revised the headline and our commentary below.
Back in March, a delegation of European heavyweights came to Pittsburgh with their shopping bags, looking to buy more U.S. LNG. Leading the charge was Jovita Neliupšiene, a Lithuanian who now serves as the EU’s ambassador to the U.S. Looks like they found what they were shopping for — in Pittsburgh. Lithuanian state-owned energy company Ignitis has picked a subsidiary of Pittsburgh-based EQT Corporation, one of the largest U.S. natural gas producers, to supply it with 10 cargoes of liquefied natural gas (LNG) — one per year from 2027 through 2036. EQT beat out other bidders in a competitive tender. It’s the first long-term gas supply contract between Ignitis and a U.S. company. Small deal? Yes. Symbolic deal? Very much so. Read More “Europeans Came to Pittsburgh Shopping for LNG; EQT Made a Sale”