EQT is working on a deal to sell an “overriding royalty interest” (future share of royalty revenues) generated from the company’s prolific Marcellus/Utica production in return for a cool $1 billion. That’s according to a Reuters article published on Friday.
Read More “EQT Looks to Raise $1B by Selling Royalty Interest”
Late last week National Fuel Gas Company (NFG), the parent company of Marcellus/Utica driller Seneca Resources, issued its first quarter (everyone else’s fourth quarter) financial and operational update. NFG CEO and President Dave Bauer proclaimed, “Our team has done a great job cracking the code on our Utica development program” in Tioga County, PA. However, because of the ongoing pricemageddon with natgas prices in the basement, Seneca President John McGinnis said the company will drop to running a single rig for the balance of 2020.
Read More “Seneca Resources “Cracks the Code” on PA Utica; Cuts Coming in ’20″
You always hear about Energy Transfer’s Mariner East pipeline projects (ME1, ME2, and ME2X), but you hardly ever hear about Mariner West. Did you know that ET’s Mariner West hauls ethane from shale processing and fractionation areas near Houston, Pennsylvania to Marysville, Michigan and all the way to Sarnia, Ontario? That’s right. They can flow up to 50,000 barrels a day!
Read More “Mariner West Seeks to Move Marcellus Ethane to Michigan & Canada”
The Hickory Run Energy Center–an electric generating plant being built at a former manufacturing site in New Castle (Lawrence County), PA–is close to being done and is on track to go online in April.
Read More “Marcellus-Fired Hickory Run Power Plant in W PA Online in April”
Last November MDN told you that Range Resources was testing an all-electric fracking fleet at the Ziolkowski Pad in Allegheny County (see Range Resources Fracking Program – Meticulous & Thirsty). The results are in and Range likes what it sees. The company has signed on with U.S. Well Services to continue using “electric fracking.”
Read More “Range Resources Converts to Electric Fracking with US Well Serv.”
Opposition from green extremists continues against a tiny 16-inch, 7.3-mile natural gas transmission pipeline in the Albany, NY area. The purpose of the new pipeline is to beef up supplies of natural gas in the Capitol region of the state. The thing is, the people protesting the pipeline (those who live in the area) heat their homes with natural gas. Will they be the first to give up their gas, as a demonstration of their own sacrifice to Save the Planet? Not on your life!
Read More “Opposition Continues to Tiny Pipeline in Albany, NY Region”
Jimmy Cramer was one of the last Democrats of national prominence we actually respected. No more. Cramer has succumbed to the Dark Side of the Force. In a recent CNBC interview Cramer blurted out: “I’m done with fossil fuels. They’re done. They’re just done.” Later in the interview he called fossil fuels, “tobacco.”
Read More “Jim Cramer Succumbs to the Dark Side – “Done with Fossil Fuels””
MARCELLUS/UTICA REGION: Wolf makes nearly $6 billion in pre-budget address announcements; Pipeline projects create jobs, grow unions; Dominion submits request to plug 3 gas storage wells in Westmoreland County; Newly revealed restrictions challenge redevelopment of bankrupt Philly refinery’s land; Proposed fund to help spur WV investment; NATIONAL: EID investigation sheds light on activist-driven media platform; A battle of interference: New York attorney general seeks to block group’s effort to intervene; U.S. oil fields flared and vented more natural gas again in 2019.
Read More “Shale Energy Stories of Interest: Mon, Feb 3, 2020”