Antero Update – Drilling 80-85 Wells in 2021, New $550M Investor

Antero Resources, one of the largest drillers in the Marcellus/Utica (working primarily in West Virginia) issued its 4Q and full-year 2020 update yesterday. During 4Q Antero pumped an amazing 3.65 billion cubic feet per day equivalent (Bcfe/d) of natural gas. Antero is the third-largest producer of natural gas in the U.S. The company drills in the wet gas region and reports selling 132,000 barrels per day of NGLs to both Marcus Hook (near Philadelphia) and Hopedale (in Ohio). Antero is the second-largest NGL producer in the U.S.
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Chester Co DA’s “Buy a Badge” Case Against ME2 Pipe Complete Bust

Last August we told you about the politically-motivated prosecution (by the Chester County, PA District Attorney’s office) of men connected to a security firm providing off-duty constables to protect Mariner East 2 (ME2) pipeline construction sites (see Chester DA Persecution of Off-Duty Constables Guarding ME2 Pipe). Last June a Chester County Magisterial District Judge dismissed the entire case against the local head of security for Energy Transfer (builder of ME2) in what the Chester DA’s office lyingly calls a “buy a badge scheme” (see Chester DA Charges Against ME Pipe Security Chief Tossed by Judge). Since it couldn’t hurt Energy Transfer, the DA’s office decided to go after the security firm hired by Energy Transfer instead. Talk about low. After several more dismissals, the case is now almost completely resolved–with NO convictions of any kind. That is, the entire case against ET and the security guards is a bust. A waste of time and taxpayer money.
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IRRC Recommends PA EQB Delay Adopting Wolf’s Carbon Tax

Pennsylvania’s Independent Regulatory Review Commission (IRRC) has just thrown up a huge roadblock to Democrat/autocrat PA Gov. Tom Wolf’s attempt to railroad through a proposal to force PA to join the Regional Greenhouse Gas Initiative (RGGI), a $2.6 billion carbon tax aimed at killing coal and gas-fired power plants. The IRRC told the rule-adopting Environmental Quality Board (EQB) it should delay adoption of the proposed RGGI regulation by one year, from 2022 to 2023.
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Are WV’s Rugged Mountains Too Much for Mountain Valley Pipeline?

WV mountains

Equitrans Midstream’s Mountain Valley Pipeline (MVP), which stretches 303 miles from Wetzel County, WV to Pittsylvania County, VA, is backed into a corner by anti-fossil fuelers. The project is 92% complete and in the ground, yet somehow antis have successfully blocked an Army Corps of Engineers Nationwide Permit 12 (NWP12) that allows the project to cross creeks and rivers and mud puddles. Antis convinced three leftist judges on the 4th Circuit Court of Appeals to overturn the NWP12 permit–twice. One of the ongoing issues the project faces are steep mountain passes in West Virginia.
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Penn State Says Bigger Well Setbacks are Needed in Some Cases

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Penn State researchers have and continue to do important research around the benefits AND risks of Marcellus Shale drilling. Recently Penn State researchers published a study in Energy Policy, an Elsevier scientific journal, reviewing the presence of fine particulars (called PM 2.5) in proximity to well pad drilling sites in the PA Marcellus. They found in some cases folks living just outside the 500-foot setback were exposed to high levels of PM 2.5, which (if exposed long-term) is not a good thing.
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Enverus U.S. Rig Count +4 Even Amid Major Cold Snap, Marcellus +1

The Enverus U.S. rig count numbers continued to climb over the past week, even during the extreme cold snap and winter weather that shut down wide swaths of the economy in Texas, Oklahoma, and Louisiana. The rig count grew by four to 461 for the week ending Feb. 17. The Permian, which has added the most rigs in recent months, fell by 3 active rigs last week, but that was made up by several other plays, including the Marcellus which gained one rig in the dry gas region of northeastern PA.
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Other Stories of Interest: Fri, Feb 19, 2021

MARCELLUS/UTICA REGION: Tier 1 Rental and Distribution files bankruptcy; OTHER U.S. REGIONS: Cold snap causes force majeure at Cameron LNG; Democratic state lawmakers propose fracking ban in California; Sustained arctic weather exposes weaknesses in Texas’s power industry; Texans deserve better than the epic power generation failure they have endured this week; NATIONAL: Annual U.S. liquefied natural gas exports forecast to exceed pipeline exports in 2022; US gas production stabilizes, easing domestic supply crunch and lower prices; INTERNATIONAL: Putin’s corrupt pipeline is on life support.
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