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  • Alta Resources | Chesapeake Energy | Chief Oil & Gas | CNX Resources | Coterra Energy (Cabot O&G) | Energy Companies | EQT Corp | PennEnergy Resources | Pennsylvania | Range Resources Corp | Seneca Resources | Southwestern Energy | Statewide PA

    Top 10 Shale Drillers in PA for 2020, by Number of Wells Drilled

    March 1, 2021March 1, 2021

    The data crunchers at the Pittsburgh Business Times have been sifting through the data for 2020 and have composed a list of the “Largest Pennsylvania Shale Gas Drillers in 2020.” The PBT list ranks drillers by the number of wells drilled in PA for all time, including right up through the end of 2020. We resorted their list to reveal the number of wells “added” (drilled) in PA for 2020, to generate the following list of the top 10 drillers from 2020:
    Read More “Top 10 Shale Drillers in PA for 2020, by Number of Wells Drilled”

  • Energy Companies | Southwestern Energy

    Southwestern 2020 Update: Drilled 98 Wells, Avg 2.7 Bcf/d, Lost $3.1B

    March 1, 2021March 1, 2021
    click for larger version

    Southwestern Energy, a pure-play Marcellus/Utica driller with 786,000 net acres and operations in all three M-U states (concentrates drilling in WV and northeastern PA) issued its fourth-quarter and full-year 2020 update last Friday. Perhaps the biggest news for Southwestern in 2020 was its purchase and merging in of another sizable driller, Montage Resources (see Southwestern Completes Montage Merger, Now 3rd Largest M-U Co.). Southwestern reports losing $3.1 billion in 2020, but most of it ($2.8 billion) was a write-down of certain assets and most of the rest ($818 million) was a change in tax recording. In other words, almost all of the “loss” was a paper loss.
    Read More “Southwestern 2020 Update: Drilled 98 Wells, Avg 2.7 Bcf/d, Lost $3.1B”

  • Energy Services | Industrywide Issues | Litigation | Williams

    Delaware Court Strikes Down Williams Poison Pill Provision

    March 1, 2021March 1, 2021

    Talk about closing the barn door after the horse is gone! In March 2020 midstream (pipeline) giant Williams issued a press release to say they had just swallowed a poison pill (see Williams Swallows Poison Pill to Prevent Company Takeover). The “limited duration stockholder rights agreement” was set to expire a year later, March 20th of this year. A Delaware court last week struck down the poison pill measure, less than a month before its expiration. Big whup–it’s already done its job.
    Read More “Delaware Court Strikes Down Williams Poison Pill Provision”

  • Anti-Drilling/Fossil Fuel | Hydraulic Fracturing | Industrywide Issues | Litigation | Pennsylvania | Pike County | Wayne County

    Fed Judge Allows Big Green Interference in PA Senate v. DRBC Lawsuit

    March 1, 2021March 1, 2021

    Apparently, the staff who run the day-to-day business of the Delaware River Basin Commission (DRBC) is incompetent and can’t defend itself. Every time they are challenged in court, they run crying to mommy and daddy (Teresa Heinz Kerry at the Heinz Endowments and Shawn McCaney at the William Penn Foundation), which in turns launders money (i.e. hires lawyers) through the Delaware Riverkeeper to help bail the DRBC out of legal trouble. A federal judge (appointed by swamp-dweller George W. Bush) ruled last week to allow Riverkeeper (Heinz & Wm. Penn) to “intervene” (become a party to) a lawsuit launched by Pennsylvania Senate Republicans against the DRBC over the organization’s illegal taking of property rights by banning fracking in the river basin.
    Read More “Fed Judge Allows Big Green Interference in PA Senate v. DRBC Lawsuit”

  • Anti-Drilling/Fossil Fuel | Industrywide Issues | Pennsylvania | Statewide PA

    Some PA Democrat Politicos Still Rational, Support Fossil Fuels

    March 1, 2021March 1, 2021

    On Friday Pennsylvania state legislators held two different remote/video hearings about the future of energy and fossil fuels in the state. Radical leftists who have taken over the Democrat Party are alarmed that the House Democratic Caucus, which lists climate change as a top priority, dedicated more than half of a two-hour hearing on “21st Century Energy Jobs” to speakers extolling the virtues of natural gas and coal. In our new woke, cancel culture where free speech is dead and any idea that doesn’t agree with the left is verboten, this just isn’t acceptable (so say the wokers)!
    Read More “Some PA Democrat Politicos Still Rational, Support Fossil Fuels”

  • Allegheny County | Anti-Drilling/Fossil Fuel | Industrywide Issues | Pennsylvania

    Univ of Pittsburgh Divesting Fossil Fuels by 2035, Kids Throw Fit

    March 1, 2021March 1, 2021

    It’s kind of hard to consider the City of Pittsburgh as the “energy capital of the Northeast” when its mayor and now its namesake institution of higher learning are both virulent anti-fossil fuelers. University of Pittsburgh (Pitt) trustees on Friday agreed to continue phasing out fossil fuel investments in the school’s $4.3 billion endowment and become completely divested from fossil fuels by 2035 (14 years from now). That’s not fast enough for the petulant, childish kids whose parents pay their steep tuition bills at Pitt. The spoiled kids want the university to divest NOW, darnit (feet stomping on the floor)…
    Read More “Univ of Pittsburgh Divesting Fossil Fuels by 2035, Kids Throw Fit”

  • Industrywide Issues | Research

    US NatGas Production Hits 11-Mo High, Trump V-Shaped Recovery

    March 1, 2021March 1, 2021

    Well, what do you know? Donald Trump’s National Economic Council Director, Larry Kudlow, was absolutely right. We’re beginning to see a V-shaped recovery. Kudlow predicted the economy would bounce right back after the pandemic subsided. S&P Global Platts is showing there is a dramatic V-shaped recovery happening with natural gas production right now.
    Read More “US NatGas Production Hits 11-Mo High, Trump V-Shaped Recovery”

  • Best of the Rest

    Other Stories of Interest: Mon, Mar 1, 2021

    March 1, 2021March 1, 2021

    NATIONAL: U.S. shale oil just had its worst year and the pain could bleed into 2021; Fossil fuel fears blind those seeking green energy nirvana to reality; Baker Hughes discloses SEC probe over projects affected by U.S. sanctions; The economy, oil demand and prices.
    Read More “Other Stories of Interest: Mon, Mar 1, 2021”

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