SWPA Gas-fired Elec Plant Next to Pot Farm Ready This Summer
A project we’ve been tracking since 2017, a 625-megawatt Marcellus-fired electric plant in Greene County, PA called Hill Top Energy Center (see our stories here), is nearly complete. The developer of the project is Hill Top Energy LLC. The main financial sponsor is Ares Management. POWER Engineering magazine is reporting construction is nearly done and the plant will go online this summer.
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Last MDN told you that the West Virginia House of Delegates had passed House Bill (HB) 2581, which changes how the State Tax Department values producing oil and gas wells for property tax purposes (see 
Prepare for some mental gymnastics. Limber up your brain so you can follow this story. As you know, some big pension funds and investment firms have been on a “divestment” kick, eliminating their investments in filthy fossil fuel companies (see 
A month ago MDN told you about some of the biggest drillers in the Marcellus/Utica announcing new or expanded ESG (environment, social, governance) programs during their quarterly updates (see 
The U.S. Energy Information Administration’s (EIA) most recent monthly short-term energy outlook (STEO) contains some disheartening numbers regarding natural gas production and consumption. EIA, with some of the best number crunchers in the business, predicts natural gas production will hit 91.41 billion cubic feet per day (Bcf/d) in 2021 and 93.29 Bcf/d in 2022. The current all-time high was 93.06 Bcf/d, hit in 2019 prior to the pandemic. That’s the good news. The bad news is that consumption (i.e. demand) is forecast to decrease even further this year and next year.
There are those who talk a good game about fighting back against the cultural rot that is consuming our country, fighting back against those who spread the false gospel of socialism and claim that capitalism is somehow evil. There are those who talk a good game about supporting fossil fuel energy. And then, there are those who actually do something about it. Talk is cheap. Action is expensive. You can classify Nick Deiuliis, CEO of CNX Resources, as an action guy. Yesterday Nick announced an exciting new mentorship program for high schoolers.
MARCELLUS/UTICA REGION: DCNR, DEP begin plugging 12 abandoned oil & gas wells in Cornplanter State Forest; NATIONAL: Occidental CEO Hollub opposes a carbon tax despite rivals’ support for idea; Wrecking Biodiversity (video); U.S. energy E&P deals jump to $3.4 billion in first-quarter as shale consolidates; INTERNATIONAL: Canadian pipeline companies sees natgas opportunities in shift to green energy; Nord Stream 2 proves to be geo-political disaster; Climate activists smash Barclays HQ windows to protest capitalism’s role in climate change.