A small group of New York landowners in Tioga County, NY continue to pressure the New York Dept. of Environmental Conservation (DEC) to allow them to drill and frack a single Utica well using LPG, or liquefied petroleum gas (i.e. propane). The DEC under the direction of Andrew Cuomo continues to purposely drag its feet in approving the project. The landowners are not giving up and hope to prove that fracking in NY can happen. They’re keepin’ the dream alive.
8/7/19 UPDATE: Big Green groups are petrified NY will allow this test and have submitted a bullying letter to the DEC opposing it. See the letter below. Continue reading
Last Thursday the Texas Eastern Transmission Company (TETCO) pipeline exploded near a trailer park in Lincoln County, Kentucky (see TETCO Pipe Explodes in Kentucky Killing 1; Southbound M-U Gas Stops). The blast and resulting fire killed one woman, injured five more, and destroyed five homes in the area. It shut down the pipeline in that area which flows 1.7 billion cubic feet of Marcellus/Utica gas (Bcf/d) south to the Gulf Coast. The pipeline remains shut down today. Continue reading
Last week midstream giant Williams released its second quarter 2019 update. Although the company reported net income of $175 million, up 130% over the previous year’s 2Q, total revenue dipped a tad from $2.09 billion to $2.04 billion. Amidst a lot of good news, there was one cloud. Because northeast drillers are pulling in the production reigns (given super low prices), and because Williams has recently sold off a bunch of assets, the company has launched a “voluntary separation program” to reduce head count. Continue reading
Last week National Fuel Gas Company (NFG), headquartered in Western New York State (operates drilling subsidiary Seneca Resources and pipeline subsidiary Empire Pipeline), issued its quarterly update. The company says it plans to cut back on its natural gas drilling in central and western Pennsylvania next year from three rigs to two, but will increase investment and work on pipelines. Continue reading
Gulfport Energy, one of the biggest drillers in the Ohio Utica Shale (210,000 acres), concentrates its drilling in the Ohio Utica and the Oklahoma SCOOP plays. The company released its operating and financial update for 2Q19 last week. As we told you in May, 2019 is “the year of the DUC” for Gulfport (see Gulfport Energy Sells “Small” Marcellus Leasehold in SE Ohio). And so it has been. Continue reading
Another so-called “study” has appeared bashing Pennsylvania Marcellus fracking. This one is co-authored by a global warming Kool Aid drinker affiliated with the Post Carbon Institute, making the claim pregnant women in Pennsylvania have a 4% higher chance of becoming anxious and/or depressed if they live near fracking activities. How these people are not laughed out of any room they walk into is beyond us. Continue reading
MARCELLUS/UTICA REGION: Trump to visit Beaver County ethane cracker plant Thursday; The millennial taking the helm at EQT is a baseball jock turned shale guru; NATIONAL: Oil price correction triggers shale meltdown; Texas shale pioneers struggle to appease investors; U.S. shale shippers will pay surcharge for Trump steel tariffs; Natural gas truck sales surge even as electric trucks get the hype; Big oil’s big bet on natural gas has been a big headache; INTERNATIONAL: Turning natural gas into fuel just became cheaper; Here’s Putin’s answer to the U.S. shale boom; Potential loss from outlawing unconventional drilling techniques could cost Mexico $45B by 2040. Continue reading