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PA & OH Natural Gas Production Nosedived Last Week, Down 2 Bcf/d

Two days ago MDN brought you news that natural gas prices in the Marcellus/Utica region are about to get really ugly, at least for the next couple of months (see Ugly Gas Prices Coming to M-U – Demand Falls More than Production). We now have the other side of the coin to share. M-U producers are shutting-in gas production like crazy. Last week M-U gas flows went down a huge 2 billion cubic feet per day (Bcf/d)–from 32 to 30 Bcf/d.
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Grant Twp, PA Files to Dismiss Lawsuit re Injection Well Ban

Unrepentant. That’s the best single word we can think of describing the attitude of “leaders” in Grant Township (Indiana County, PA) who illegally passed their own set of environmental laws, violating the PA state constitution, in a bid to prevent a safe saltwater injection well from being built in a rural location in the town. Grant continues to use radicalized lawyers in their lawbreaking bid to prevent the well.
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Co. Fined $2M for Bypassing Emissions Controls on Marcellus Trucks

In September 2018, MDN brought you the news that six men had been charged with conspiring to illegally alter emissions systems on 30+ trucks with heavy-duty diesel engines, trucks used to haul water and wastewater to and from Marcellus Shale wells (see 6 Charged with Bypassing Emissions Controls on Marcellus Trucks). All six eventually pleaded guilty (see Man Pleads Guilty to Bypassing Emissions Controls on Marc. Trucks). The company involved, Rockwater, has now pleaded guilty and will pay a $2 million fine.
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Marcellus/Utica Fracker FTS Intl Files for Ch. 11 Bankruptcy

Once upon a time, FTS International was the largest private (not publicly traded stock) well completion (fracking) company in North America. In 2017 the company went public (see Fracker FTS International Gets Ready to Launch IPO). Earlier this week the company filed for Chapter 11 bankruptcy protection, under a prearranged plan with its creditors.
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Enverus Rig Count Breaks 300 First Time in 14 Wks, M-U Steady @ 33

Time for our weekly check of the rig count. We like to check the Enverus count because we believe it’s more accurate than the Baker Hughes count. According to S&P’s analysis, the Enverus rig count climbed by a big 15 for the week ending Sept. 23 to hit a nine-week high of 308 active rigs. That’s the biggest one-week gain since the current price war/coronavirus downturn.
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Biden Turns Down Invitation to Speak Virtually at Shale Insight

Biden continues to hide in his basement

Now you know what Joe Biden really thinks about fracking and whether or not he plans to ban it. Up until Monday of this week, the Biden campaign toyed with the Marcellus Shale Coalition, negotiating to have Biden present to virtual attendees of MSC’s annual Shale Insight event. Then on Monday the Biden campaign pulled the plug and said NO. Must be threats from the radicals convinced Uncle Joe’s handlers to finally openly admit their bias against fossil fuels.
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Other Stories of Interest: Fri, Sep 25, 2020

MARCELLUS/UTICA REGION: Marcellus Shale gas benefits touted by panelists; OTHER U.S. REGIONS: Blackstone completes $7 billion Cheniere partnership stake sale; Natural gas company to provide $10M in grants to nonprofits; The crown jewel of the shale patch braces for a Biden ban; California assemblyman says state’s push for electric vehicles fuels ‘environmental racism’; NATIONAL: US LNG export activity recovers after storm moves away from Gulf Coast; INTERNATIONAL: China lies and pursues coal strategy as naive enviros buy the hype; ConocoPhillips sees global oil demand returning, executive says; Are small scale plants the future for LNG?; Greta Thunberg and youth climate protests make a return.
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