MDN Off Thanksgiving, Black Friday

Each year Marcellus Drilling News takes Thanksgiving and the day after off to rest and relax with family. We will be sure to keep an eye on the news and if there is anything earth-shattering, we will bring you that news. Otherwise, we’ll see you next Monday. Have a great Thanksgiving! – Jim Willis, Editor

PA Marcellus Gas Production Up 2%, Wells Drilled Down 18% in 3Q

Yesterday Pennsylvania’s Independent Fiscal Office (IFO) released its latest quarterly Natural Gas Production Report–for July through September 2020 (full copy below). The report shows natgas production in PA rose 2.0% compared to the same period last year, which is the lowest increase on record since the shale revolution began. The number of new wells spud (drilled) in 3Q20 was 111, down 18% over 3Q19.
Continue reading

Enbridge Building Solar Farm in PA to Power TETCO Compressor Stn

In September MDN brought you the news that pipeline company Enbridge is building a solar farm to provide electricity to power (in part) a Texas Eastern Transmission Pipeline Company (TETCO) compressor station in Hunterdon County, New Jersey, which is a first (see Enbridge Using Solar Farm to Power TETCO Compressor Station in NJ). Enbridge has announced they’re doing it again–this time in Pennsylvania.
Continue reading

Nuverra Environmental Solutions Refinances $33M of Debt

Nuverra Environmental Solutions (formerly Heckmann) is one of the largest companies in the United States that handles transportation and disposal of shale drilling wastewater and leftover rock and dirt from drilling. The company has major operations in the Marcellus/Utica region. Nuverra announced yesterday it has stitched together several different deals in order to raise $32.8 million (new debt) in order to pay off older, coming-due debt.
Continue reading

A Rational Look at Why Dumping NatGas by 2050 is Impossible

There are those in the non-thinking, arrogant, ignorant Big Green movement who demand (they always demand) that everyone (except themselves) stop using fossil fuels. Now. Or the earth is dead in 10-20 years. (It’s always 10-20 years, ever notice that?) And then there are those who kind of believe there may be something to man-made global warming who are looking for ways to reduce carbon emissions realistically. Those in the latter camp, people who actually think rationally, say there is one way to reduce CO2 emissions over the next 30 years: by using more (not less) natural gas.
Continue reading

API Vows to Fight Biden’s Promised Federal Land Frack Ban

The American Petroleum Institute (API) has finally grown a backbone. Maybe. Back on Nov. 7, the API welcomed, with open arms, dithering old Joe Biden and Kamala “Commie” Harris–long before the outcome of the race was even determined. Now that the catastrophic (to oil & gas) reality of a Biden administration has started to sink in, API is changing its tune.
Continue reading

Other Stories of Interest: Wed, Nov 25, 2020

MARCELLUS/UTICA REGION: CNX Resources corporation announces pricing of $500 million of senior notes; FirstEnergy cut to junk at all three major ratings firms; Regardless of election, Thai giant PTT’s cracker project in Ohio in flux; West Virginia Sen. Manchin calls for update on Storage Hub report; NATIONAL: The secret weapon that will save oil & gas pipeline operators billions; What it took to balance the natural gas market this fall; INTERNATIONAL: LNG importers’ group names new president; Desperate Venezuelans attempt to refine gasoline at home; China to take oil-refining crown held by U.S. since 19th century.
Continue reading