As we entered 2020, the stock price for most Marcellus/Utica drillers was near or even at the lowest it had ever been (see Marcellus/Utica Drillers’ Stock Prices Near/At Historic Lows). Then the twin catastrophes of an oil price war (launched by Russia and Saudi Arabia) and a worldwide pandemic hit in March. As it turns out, the catastrophes ended up benefitting our shale drillers. Stock prices improved dramatically for a number of major gas drillers in the M-U after March. Continue reading
Yesterday U.S. District Judge Robert D. Mariani issued a couple of rulings in the Wayne Land and Mineral Group (WLMG) v. Delaware River Basin Commission (DRBC) lawsuit that should encourage landowners in eastern PA whose property rights have been “taken” by the DRBC. The DRBC has prevented landowners in areas like Wayne and Pike counties from drilling for shale gas under their land for more than a decade.
In February 2020 MDN brought you news about a new half-billion-dollar petrochemical plant that will convert Marcellus Shale gas into feedstock (chemicals) to be used in agriculture, manufacturing, medicine, and transportation, coming in Clinton County, PA (see $500M Marcellus-Fed Petchem Plant Coming to Clinton County, PA). The project continues to make progress and is undergoing a name change. Continue reading
Because of constant court challenges, the Trump administration just completed a redo of the U.S. Army Corps of Engineers Nationwide Permit 12 (NWP12), a general permit used in constructing pipelines. Antis believe the redo will make it easier for the incoming Biden administration to simply delete oil and gas pipelines from the permit. The cancel culture strikes again. Continue reading
Well, the apocalypse has happened. We now have single party (Democrat) rule in Washington, D.C., and that spells trouble ahead for shale energy–for both oil AND gas. We’ll keep our opinions to ourselves on the politics. What’s done is done. Instead, we’ll let the analysts from S&P tell you what you can expect with new appointments at key federal agencies, and how energy policy under the Biden administration, with a big assist from a Democrat-controlled Senate, will likely play out in the coming years. Continue reading
Walter “Wayne” Christian is a financial planner from Center, Texas, a Republican member of the Texas Railroad Commission (Chairman), having won the position in the November 8, 2016 general election. He’s an energy expert who thinks about and deals with energy, of all sorts, every single day. Christian recently penned an article exposing the attack now happening on American energy independence by the far left. He exposes the Paris Climate Accord for the fraud it is and he calls out “woke” investors who are pressuring other investors to divest from oil and gas companies. This is one article you need to read. Continue reading
MARCELLUS/UTICA REGION: 38 green groups urge DEP to deny PennEast permits in advance of Jan. 13 hearing; Truckers making it happen in gas fields of northeast Pennsylvania; OTHER U.S. REGIONS: Washington state proposes legislation to phase out natural gas utility service; Amid bullish outlook, Haynesville gas producers gear up for record output in 2021; NATIONAL: February natural gas futures soar to extend new year momentum; Crude oil prices briefly traded below $0 in spring 2020 but have since been mostly flat; Colder than usual winter boosts fossil fuel demand; Supreme Court hearing should signal shift from baseless lawsuits to realistic climate solutions; US extends 5 LNG export authorizations to 2050; Can renewables become as profitable as oil and gas?; INTERNATIONAL: Asia LNG prices skyrocket as buyers scramble for supplies amid cold snap, power shortages. Continue reading