Gulf of Mexico Supplies Remain Offline, NatGas Price Hits New High
The price of natural gas futures (the NYMEX) continues to hit new post-pandemic highs. The NYMEX price is high and remains high, as we pointed out on Friday, due to low storage numbers and Hurricane Ida shutting down Gulf of Mexico natgas production (see NatGas Prices Stays High Even Tho M-U Hits Record High Production). That trend continued Friday and over the weekend.
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The Pennsylvania Dept. of Environmental Protection (DEP) published a notice in the September 4 Pennsylvania Bulletin for “final technical guidance” on Implementing the Area of Review Regulatory Requirement for Unconventional Well Permitting. This is a document to guide drillers as they evaluate where they will frack, instructing them in how they should evaluate and monitor other nearby wells (other fracked wells or conventional oil and gas wells) to ensure those wells don’t “communicate” oil and gas up to the surface. That is, to ensure oil and gas come out of the right borehole, the well it’s supposed to come out of.
Early last week MDN told you about a new/third well pad planned by Olympus Energy in Upper Burrell Township in Westmoreland County, PA (see 
Antis love to work in anonymity. Some of them anyway. They love to anonymously lob lies and smears on Facebook and Twitter and other social media platforms about projects like the 303-mile Mountain Valley Pipeline (MVP) project. Just who is behind those social media accounts? MVP wants to know and has filed a subpoena in federal court asking Facebook to disclose who is behind the Facebook group Appalachians Against Pipelines. Facebook is only too happy to block conservative groups, but for some strange reason, Facebook likes to protect leftists. It’s called censorship and under our Constitution should be illegal. We’ll see if Facebook complies with the court order to disclose the identities of those behind the anti-MVP group.
Not only is the $1.5 trillion infrastructure bill bad for the country (see 
A group of some 200 oil and gas executives and “bitcoin miners” mixed, mingled, drank beer, and talked shop on a recent Wednesday night in August in Houston, Texas. The main topic of discussion: Using “stranded” natural gas to power bitcoin mining rigs, which reduces greenhouse gas emissions and makes money for the gas providers, as well as the miners. Bitcoin mining is becoming a big thing in the oil and gas patch. What is it?
MARCELLUS/UTICA REGION: Southwestern Energy, Williams sponsor new teaching facilities; NATIONAL: Initial Ida hit to production surpasses Katrina; How the US became the world’s LNG price setter; Advocates push White House to nominate energy regulator; Is Joe Biden killing fracking for EVs?; INTERNATIONAL: Europe faces energy price shock with gas and power at records.