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Marcellus Drilling News
  • Beaver County | Bradford County | Chesapeake Energy | Energy Companies | Industrywide Issues | Pennsylvania | Regulation | Sullivan County | Susquehanna County | Wyoming County (PA)

    Chesapeake Fined $1.9M for Wetland Violations at 76 PA Well Sites

    March 25, 2021March 25, 2021

    At some point in the distant past (during our lifetime) swamps got renamed to “wetlands.” Don’t you just love how the left euphemizes everything? Chesapeake Energy is a bad actor when it comes to shafting landowners out of royalties, we’ll grant you that. However, the company must now pay Pennsylvania and the federal government (DOJ and EPA) a combined $1.9 million for “failure to identify and protect wetlands at 76 oil and gas well sites in Pennsylvania.” In other words, failure to protect swamps.
    Read More “Chesapeake Fined $1.9M for Wetland Violations at 76 PA Well Sites”

  • Industrywide Issues | Statewide WV | Taxation | West Virginia

    WV Amendment Creates New $100/Yr Unplugged Well Tax

    March 25, 2021March 25, 2021

    Conventional (and maybe shale) oil and gas drillers in West Virginia need to be aware of a late-breaking amendment that will create a new fee (we’d call it a tax) of $100 per year for unplugged wells producing 10 Mcf (10,000 cubic feet) of natural gas. According to the amendment’s sponsor, Sen. William Ihlenfeld II (D-Ohio County), roughly 13,000 wells statewide fit that classification and would generate an extra $800,000 per year for the Department of Environmental Protection’s Office of Oil and Gas.
    Read More “WV Amendment Creates New $100/Yr Unplugged Well Tax”

  • Bradford County | CNG/LNG | Energy Services | Exporting | Industrywide Issues | New Fortress Energy | Pennsylvania

    Big Green Says FERC Ruling Could Impact NFE’s Wyalusing LNG Plan

    March 25, 2021March 25, 2021

    New Fortress Energy (NFE), which likes to build and own as much of the LNG supply chain as possible, built and operates an LNG import terminal in San Juan, Puerto Rico. After the facility was up and running, the Federal Energy Regulatory Commission (FERC) dinged the company, asking for an explanation as to why they built it without FERC “Mother May I?” permission. New Fortress responded last July saying FERC told them no permission was needed (see New Fortress Pushes Back Against FERC re Puerto Rico LNG Facility). After mulling the matter over for eight months, FERC ruled last week that indeed it does have permission after all. Anti-fossil fuelers are hailing that decision as a possible indicator that FERC will also insert itself in NFE’s plans to build and operate an LNG plant in Wyalusing, PA, and a related export dock in Gibbstown, NJ.
    Read More “Big Green Says FERC Ruling Could Impact NFE’s Wyalusing LNG Plan”

  • Butler County | EdgeMarc Energy | Energy Companies | Industrywide Issues | LOLA Energy | M&A | Pennsylvania

    LOLA Energy’s Purchase of EdgeMarc Assets – The Backstory

    March 25, 2021March 25, 2021

    Yesterday we brought you the news that LOLA Energy continues to transform itself with the purchase of what was EdgeMarc Energy’s shale assets in Butler County, PA (see LOLA Energy Buys Former EdgeMarc Shale Assets in Butler County, PA). LOLA picked up 22,000 net acres of Marcellus/Utica leases, 48 producing shale wells, and 18 DUCs. Ace reporter Paul Gough from the Pittsburgh Business Times spoke with LOLA CEO Jim Crockard and got the backstory behind the deal. It seems Crockard had his eye on that part of the state “for a long time.” He even considered an offer to work for EdgeMarc years ago. Good thing he didn’t take the job.
    Read More “LOLA Energy’s Purchase of EdgeMarc Assets – The Backstory”

  • Industrywide Issues | Statewide WV | Taxation | West Virginia

    Democrats, Incl. WV Sen. Joe Manchin, Block WV Income Tax Cut

    March 25, 2021March 25, 2021

    We have to confess we’re not impressed with West Virginia U.S. Senator Joe Manchin (Democrat). We had hoped he might be somewhat independent from the radicals in his own party and provide some balance to an out-of-control leftist agenda being pushed by Chuck Schumer and Joe Biden. Manchin is failing in that regard. He’s just another toady for his party. (We’re not surprised.) The latest evidence that Joe Manchin is not the “man of the people” and “conservative/moderate” Democrat he claims to be comes from his opposition to WV Gov. Jim Justice’s plan to phase out the state income tax–which does have implications for the shale industry.
    Read More “Democrats, Incl. WV Sen. Joe Manchin, Block WV Income Tax Cut”

  • Industrywide Issues | Research

    S&P Says U.S. Natural Gas Production Hits One-Year High

    March 25, 2021March 25, 2021
    mixed signals

    Something doesn’t square here. Last week MDN brought you the news from the U.S. Energy Information Administration that once again, as has happened for almost a year now, natural gas production month over month from the country’s seven largest shale plays would drop–by nearly one-third of a Bcf (see EIA DPR: NatGas Production Still Down in M-U, Goes Up in LA & TX). And yet S&P Global Platts reported yesterday that natural gas production has just hit a one-year high!
    Read More “S&P Says U.S. Natural Gas Production Hits One-Year High”

  • Best of the Rest

    Other Stories of Interest: Thu, Mar 25, 2021

    March 25, 2021March 25, 2021

    MARCELLUS/UTICA REGION: Belmont County port authority official optimistic about fracking; OTHER U.S. REGIONS: California senators calling on Biden to set date for phasing out gasoline cars; NATIONAL: U.S. oil activity jumps as executives remain wary of OPEC, Biden; Biden’s high-cost plan to accelerate U.S. adoption of electric vehicles; Don’t ban fossil fuels: absolutism in climate change policy is a vice; INTERNATIONAL: The ripple effect on trade of one giant ship stuck in Suez.
    Read More “Other Stories of Interest: Thu, Mar 25, 2021”

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