Last November Encino Acquisition Partners (i.e. Encino Energy) completed its purchase of all of Chesapeake Energy’s Ohio Utica Shale assets for $2 billion (see Stop Press: Chesapeake Sells ALL of its Ohio Utica Assets for $2B). Since that time, we’ve had a number of inquiries from readers asking, will Encino pick up where Chessy left off and maybe expand Ohio drilling?
Read More “Encino Establishes Utica HQ in Stark County – Now Hiring”
Last November MDN brought you the exciting news that New Fortress Energy is planning to build an LNG (liquefied natural gas) liquefaction EXPORT plant in landlocked Wyalusing (Bradford County), PA (see Big News! Marcellus LNG Export Plant Coming to Landlocked NEPA). What’s happening with the $800 million project? Anything?
Read More “Wyalusing, PA LNG Export Plant Making Progress”
Earlier this month MDN told you about a DC Circuit Court of Appeals decision that gives both the Constitution Pipeline and Northern Access Pipeline projects reason for hope (see Recent Fed Court Decision Gives NY Pipes Hope for Bypassing Cuomo). Both pipeline projects run from Pennsylvania into New York State, and both are being blocked for political purposes by NY Gov. Andrew Cuomo.
Read More “Light at End of Tunnel for Constitution, Northern Access Pipelines”
We won’t pretend to understand the wacky math Pennsylvania Gov. Tom Wolf is attempting to perpetrate on the good citizens of PA. The state Dept. of Environmental Protection (DEP) wants to raise permit fees on Marcellus Shale drillers by 250% in order to help fund the agency, claiming the oil and gas program loses $800,000 per month (see PA DEP Official Says Oil & Gas Program Losing $800K per Month). Yet Wolf now wants to take money *out of* the DEP budget and replace it with one-time transfers from other off-budget funds. How does that math add up?
Read More “PA Gov. Wolf Proposes One-Time Funding for DEP”
The State of Connecticut’s “Siting Council” has changed its mind. In 2016, NTE Energy proposed building a 650-megawatt natural gas-fired electric plant in Killingly. The Siting Council said NTE couldn’t justify the plant and refused to issue a certificate. That was then, this is now. The Siting Council is once again actively considering the project. What changed?
Read More “CT Wisely Reconsiders, Allows NatGas Power Plant to Proceed”
We spotted an article based on the research done for a graduate thesis by a Massachusetts Institute of Technology (MIT) graduate student. The thesis and article look at the reality of our country’s energy supply and concludes that unless we can find a way to reduce our reliance on natural gas (not likely), we need more new pipelines, and we need to repair and upgrade old/existing pipelines. In short, we have a pipeline problem in this country.
Read More “MIT Thesis: The U.S. has a NatGas Pipeline Problem”
UK oil and gas giant BP recently released its 2019 edition of their BP Energy Outlook. As they do each year, BP predicts renewable energy sources will continue to grow. However, the inescapable conclusion you get from this latest report is that LNG (liquefied natural gas) will play a staring role in the energy picture over the next 20 years. Not only that, but LNG coming from the U.S. is will receive the best actor award.
Read More “BP Energy Outlook 2019 – US LNG Front and Center”
OTHER U.S. REGIONS: Air Products with Golden Pass LNG equipment deal; Texas oil and gas industry pays $38 million A DAY to fund schools, roads, first responders; NATIONAL: Green New Deal: OMG! (video); INTERNATIONAL: Power of Siberia pipeline to deliver gas to China in December 2019.
Read More “Energy Stories of Interest: Tue, Feb 19, 2019”