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Marcellus Drilling News
  • Crime | Industrywide Issues | Pennsylvania | Statewide PA | Supply Chain

    PA Construction Co. Glenn Hawbaker Pays $20M for “Stolen Wages”

    October 14, 2021October 14, 2021

    Glenn O. Hawbaker, Inc., long known for providing stone quarries and asphalt plants in Pennsylvania and Ohio, also provides civil construction services for shale well sites. In early August Pennsylvania’s Attorney General Josh Shapiro, an anti-drilling partisan hack, announced a plea deal with Hawbaker to pay back $20 million in alleged “stolen wages” from over 1,000 Hawbaker employees. After the plea deal, the Pennsylvania Dept. of Transportation (PennDOT) moved to deny any new construction contracts to Hawbaker for the next three years–contracts worth hundreds of millions of dollars.
    Read More “PA Construction Co. Glenn Hawbaker Pays $20M for “Stolen Wages””

  • Diversified Energy | Energy Companies

    Diversified Continues to Expand Outside M-U…in Mid-Continent

    October 14, 2021October 14, 2021

    Diversified Energy (née Diversified Gas & Oil) continues to expand *outside* of the Marcellus/Utica region. In April the company announced it had purchased ~780 net operated wells and leases in the Cotton Valley/Haynesville region of Lousiana for $135 million (see Diversified Expands Beyond Appalachia First Time, Buys La. Assets). Barely a month later and they bought assets in the Barnett Shale for $180 million (see Diversified Expands Outside M-U Again, Buys Blackbeard in Barnett). A little over a month after that, they did it again, with another purchase in the Haynesville play for $308 million (see Diversified Expands in Haynesville, Buys Tanos Assets for $308M). Diversified’s fourth expansion, for $419 million, is located in the Mid-Continent.
    Read More “Diversified Continues to Expand Outside M-U…in Mid-Continent”

  • Berkshire Hathaway | CNG/LNG | Energy Services | Exporting | Industrywide Issues | Maryland

    Marcellus Feedgas Flowing to Cove Point LNG After Maintenance

    October 14, 2021October 14, 2021

    Whew, it’s now reopened for business. It’s been 21 days since Warren Buffett’s Cove Point LNG export facility closed all the way down for annual maintenance (see Warren Buffett’s Cove Point LNG Closing for 3 Wks of Maintenance). Feedgas flows to the Cove Point terminal returned to their pre-work levels on Tuesday. Overall, U.S. feed gas deliveries were nominated at 11.2 Bcf early Wednesday, up by roughly 1 Bcf from the prior day. Let the Marcellus molecules flow!
    Read More “Marcellus Feedgas Flowing to Cove Point LNG After Maintenance”

  • Statewide WV | West Virginia

    95% of All West Virginia Oil & Gas Comes from Fracked Wells

    October 14, 2021October 14, 2021

    Charlie Burd, executive director of the Gas & Oil Association of West Virginia, gave an update on the state’s oil and gas industry to the members of the West Virginia Legislature’s Joint Standing Committee on Energy on Tuesday. Burd (a Democrat) sang the praises of hydraulic fracturing. In 2020, more than 95% of the 2.5 trillion cubic feet of natural gas produced in West Virginia came from horizontal drilling, according to Burd. We discovered some interesting statistics from Burd on the state’s oil and gas industry…
    Read More “95% of All West Virginia Oil & Gas Comes from Fracked Wells”

  • Antero Resources | Chesapeake Energy | CNX Resources | Coterra Energy (Cabot O&G) | Energy Companies | EQT Corp | Gulfport Energy | Range Resources Corp | Southwestern Energy

    Opportunity: Big Investors Commit Financial Suicide by Avoiding O&G

    October 14, 2021October 14, 2021

    Small investors have a golden opportunity. Oil and gas companies (drillers in particular) are more profitable than ever, yet many large investors are avoiding and will not invest in them. Why? Because they’re idiots? Well, yes, that’s one reason. But the root cause is they have been cowed by loud-mouthed environmental extremists. Threatened by them. Oil and gas companies are still here, still providing a critical service to the world, and still need investors. That’s a great opportunity for small investors–like you.
    Read More “Opportunity: Big Investors Commit Financial Suicide by Avoiding O&G”

  • CNG/LNG | Crude Oil | Exporting | Industrywide Issues | Regulation

    American Energy Gives Biden “Middle Finger” on More Production

    October 14, 2021October 14, 2021

    Joe Biden is completely inept. Everyone can see it, whether they publicly admit it or not. He’s blown it. For any given decision he’s made, he’s made the wrong decision 100% of the time. Yesterday we told you about Biden’s preference for OPEC oil over American oil (see Biden Favors OPEC Oil, Gives “Middle Finger” to American Energy). Now that his policies of blocking pipelines and blocking new drilling on federal lands have contributed to (the primary factor in) a worldwide crisis and oil shortage, Biden is asking American oil companies to increase production. Their response? “Here’s the middle finger right back at ya, big guy…”
    Read More “American Energy Gives Biden “Middle Finger” on More Production”

  • Best of the Rest

    Other Stories of Interest: Thu, Oct 14, 2021

    October 14, 2021October 14, 2021

    MARCELLUS/UTICA REGION: Commissioners approve natural gas pipeline extension; NATIONAL: USA consumers to pay more for energy this winter; Totalitarianism ascends as civil society withers on the vine; The U.S. shale industry desperately needs to drill; INTERNATIONAL: IEA says anti-gas climate policies didn’t cause Europe’s gas crisis; Putin: US partly to blame for European gas shortages.
    Read More “Other Stories of Interest: Thu, Oct 14, 2021”

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