Royalty Revenue Falls Short of Expectations for Some OH Landowners
An extensive story running in the Youngstown Business Journal tackles the thorny issue of violated expectations for Ohio landowners who thought they would get rich from Utica Shale wells on their land but didn’t. The article contains some good information and is a cautionary story for landowners. However, we’re concerned the story doesn’t present the full picture–that some landowners DO get significant revenue from royalties and signing bonuses.
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Yesterday a group of ~30 protesters rallied at the Historic Courthouse in Chester County, PA, and marched, while chanting, to the County Justice Center. Their protest is against almost completed Mariner East 2 (ME2) pipeline construction and against a long-completed and flowing Mariner East 1 (ME1) pipeline. The protesters, some who were left wing nuts, others who were honest folks who have been duped by Big Green and scaremongers in the media, asked county commissioners to file a Petition for Emergency Relief with the state Public Utility Commission (PUC) to stop any further construction of ME2 and shut down the already-operating ME1 pipeline that runs through the county.
The Barack Hussein Obama administration went crazy with over-regulation in many sectors. One of them was to redefine “waters of the United States” (or WOTUS) as everything down to (no exaggeration) mud puddles (see
According to the experts at RBN Energy, U.S. LNG feedgas demand “has been the single biggest factor behind the soaring natural gas prices and storage shortfall this year.” Feedgas is the gas that feeds LNG export facilities. Two more LNG facilities are due to begin operation in the first half of 2022, both of which have the potential to use Marcellus/Utica molecules. RBN does a deep dive into how LNG export facilities ramp up and when even more feedgas demand will increase.
The Jones Act prevents LNG from being transported from one U.S. port (like Cove Point, Maryland and Elba Island, Georgia) to other U.S. ports (like Boston and New York) because there are no built-in-the-USA LNG carriers, a requirement under the 1920 Jones Act. When New England runs low on natural gas, they must import the gas from Russia (see
MARCELLUS/UTICA REGION: Rep. Johnson touts area’s oil and gas resources in Harrison County stop; OTHER U.S. REGIONS: About 94% of oil, gas output remain shut in U.S. Gulf after Ida; NATIONAL: Six U.S. states accounted for over half of the primary energy produced in 2019; Five big problems with President Biden’s energy-climate plan; New office to bring COVID-19 ‘lessons learned’ to climate change and public health; INTERNATIONAL: To pause or not to pause oil output is question OPEC+ faces Wednesday; Why banning fossil fuel investments would crush Africa.