Ascent Resources 2Q: Utica Production Hits New High; $291M Loss

Ascent Resources, originally founded as American Energy Partners by gas legend Aubrey McClendon, is a privately-held company that focuses 100% on the Ohio Utica Shale. Ascent is Ohio’s largest natural gas producer and the 8th largest natural gas producer in the U.S. The company issued its second-quarter 2020 update yesterday. The company added another 25 wells to production in 2Q and produced 2.1 billion cubic feet equivalent per day (Bcfe/d), a new company high. Unfortunately, the financial picture was not as rosy…
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Mountaineer Gas Seeks Truck Alternative to Blocked Maryland Pipe

Anti-fossil fuelers are on a holy mission to stop a 3.37-mile, 8-inch pipeline from being built under the Potomac River by Columbia Gas (see Maryland Antis Oppose 13th Pipeline Under Potomac as “Dangerous”). The pipeline, from Maryland on one side of the river to West Virginia on the other side, will be built to feed a larger pipeline project from Mountaineer Gas called the Eastern Panhandle Expansion. Mountaineer Gas is getting desperate for more gas to feed growing customer demand.
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Antis Protest Dangerous ME2 Drilling Mud Spill by Kayaking in It

Protesters kayak through a “dangerous” cleanup site on Marsh Creek Lake in Chester County, PA (Credit: WHYY, click for larger version)

Yesterday MDN told you about a new “inadvertent return” or drilling mud spill that occurred at Marsh Creek Lake in Chester County, PA, near Philadelphia (see Mariner East 2X Construction Causes Another Drilling Mud Spill). The reaction by the climate crazies, as predicted, was shrill and loud. Those who oppose the Mariner East 2 pipeline oppose it because it flows natural gas and they irrationally hate natural gas. Antis staged a “protest” of the “dangerous” mud spill at Marsh Creek Lake yesterday. After mouthing off for the cameras, the crazies launched dozens of kayaks and paddled through the drilling mud water that’s supposedly dangerous for the environment. Go figure.
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PA Gov. Wolf Nominates Carbon Tax Warrior for PUC

Hayley Book, nominated for PA PUC

Pennsylvania Gov. Tom Wolf has nominated the wrong person to replace Andrew Place as one of the commissioners on the very powerful Public Utility Commission (PUC). Wolf has nominated Hayley Book, currently a senior adviser on energy and climate to PA Dept. of Environmental Protection (DEP) Secretary Pat McDonnell. Book’s job at the DEP has been to try and force through Wolf’s illegal attempt to force the state into joining the so-called Regional Greenhouse Gas Initiative (RGGI), a carbon tax scheme cooked up by a collection of liberal northeastern states (see Gov. Wolf Goes Bonkers: EO Destroying Gas-Fired Elec, Carbon Tax).
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Maryland Antis Oppose Tiny New Pipeline in Eastern Shore

Eastern Shore Natural Gas Company (ESNG), a subsidiary company of Chesapeake Utilities Corporation (a company fascinated with chicken poop), filed a request with the Federal Energy Regulatory Commission (FERC) in Sept. 2018 to build 19+ miles of new pipeline and new meter and delivery stations in Kent and Sussex counties in Delaware, and Wicomico and Somerset counties in Maryland, to carry more natural gas to locations in Delaware and Maryland. FERC approved the project last December (see FERC Approves Del-Mar Energy Pathway Pipe Project). You would not believe the irrational opposition to this (frankly) insignificant project.
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NatGas Powergen Far Outpaces Renewables First Half 2020

Our favorite government agency, the U.S. Energy Information Administration (EIA), posted an interesting article yesterday revealing information the left and mainstream media don’t want you to know: Natural gas-fired electricity is growing faster than renewables. The media would have you believe that so-called renewables are taking the world (and the U.S.) by storm–growing far faster than any other source, including natural gas. Not true.
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Shale Energy Stories of Interest: Thu, Aug 13, 2020

OTHER U.S. REGIONS: Oilfield service companies are bailing on the Permian; NATIONAL: Six former EPA heads call for an agency reset after the presidential election; Kamala Harris’ frac stance worrisome to shale states, attractive to the left; How bad is the shale downturn? Oxy has only one rig drilling the Permian.; U.S. permits for new horizontal drilling dip to 10-year low; Mounting gas storage in US Southeast threatens Henry Hub price rally; US midstream gas sector looks for signs of market improvement after pullback; Climate Fraud (video); INTERNATIONAL: Germany’s Maas confronts Pompeo over pipeline threat.
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