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Marcellus Drilling News
  • Anti-Drilling/Fossil Fuel | Energy Services | Equitrans/EQT Midstream | Industrywide Issues | Litigation | Pipelines

    FERC Defends Decision to Approve Mountain Valley Pipeline in 2nd Circuit

    November 24, 2021November 24, 2021

    The Federal Energy Regulatory Commission (FERC) is (surprisingly, under the current regime) sticking up for its decision made during the Trump administration to allow Equitrans’ 303-mile Mountain Valley Pipeline (MVP) from West Virginia into Virginia to continue working on completion of the 92% done project. A coalition of Big Green groups has repeatedly, viciously challenged and tried to block completion of the pipeline, more than doubling costs for the project due to court delays. On Friday, FERC filed a defense of its orders from late last year to allow MVP to restart construction on all but a very few locations still being litigated (primarily a small section through Jefferson National Forest).
    Read More “FERC Defends Decision to Approve Mountain Valley Pipeline in 2nd Circuit”

  • Diversified Energy | Energy Companies

    Diversified CEO Says Majority of Co.’s Wells Can Produce 50+ Yrs

    November 24, 2021November 24, 2021

    Diversified Energy (formerly Diversified Gas & Oil) is a company that continues to fascinate us. Diversified’s CEO, Rusty Hutson, Jr., started the company in 2001 with just 35 old conventional wells in West Virginia. Today the company owns over 69,000 gas and oil wells! Most of them are conventional and located in the Appalachian region, although the company now owns over 400 shale wells too. The company’s strategy is to let others locate and drill new wells, and obtain the initial rush of production. But as those wells age and produce a small trickle of what they initially produced, most companies look to sell them. That’s where Diversified comes in, buying up those older, lower-producing wells. Even though the production is low, those old wells are like annuities that just keep steadily producing–for years. In fact, Hutson said in a recent interview that the majority of the 69,000+ wells Diversified owns will produce for “50, 60 years or more.”
    Read More “Diversified CEO Says Majority of Co.’s Wells Can Produce 50+ Yrs”

  • Industrywide Issues | Pipelines | Regulation

    Missouri PSC Attacks Free Speech, Orders Spire Pipe to Write Email

    November 24, 2021November 24, 2021

    What the heck? Did we just wake up in Stalinist Russia? The Missouri Public Utility Commission (MoPSC), which regulates public utilities in the state including the largest natural gas utility in the state (Spire, serving some 632,000 residents), has ordered Spire to send an email to customers fixing, retracting, correcting (whatever you want to call it) a previous email sent by Spire that warns customers they may soon be without natural gas because of the Federal Energy Regulatory Commission (FERC). Even though Spire’s original email warning is 100% the truth. Does MoPSC have that kind of tyrannical power, to force speech?
    Read More “Missouri PSC Attacks Free Speech, Orders Spire Pipe to Write Email”

  • Energy Services | Industrywide Issues | Luzerne County | Nacero | Pennsylvania | Processing Plants

    NEPA Gas-to-Gasoline Plant May Grow Prod in Pipe-Constrained Area

    November 24, 2021November 24, 2021

    Earlier this month we shared the exciting news that Nacero Inc. will build a $6 billion refinery on the site of a former coal mine in Newport Township and Nanticoke in Luzerne County, PA (see NEPA Huge Deal – $6B Plant to Convert Marcellus Gas to Gasoline). The plant will convert Marcellus natural gas into zero-sulfur gasoline for use in existing cars and trucks without modification. We have some expert analysis of this project and a closer look at the company building it.
    Read More “NEPA Gas-to-Gasoline Plant May Grow Prod in Pipe-Constrained Area”

  • Industrywide Issues | Pipelines | Regulation

    Squabbling Breaks Out at FERC Meeting Over Regulating GHG Emissions

    November 24, 2021November 24, 2021

    An interesting back and forth took place (we’d call it squabbling) at a technical conference last Friday hosted by the Federal Energy Regulatory Commission (FERC). FERC Chairman Richard “Dick” Glick pontificated that so-called global warming considerations must be made when evaluating new pipeline projects. He has used that excuse for years to vote against every single new pipeline project brought before him. Another FERC Commissioner, James Danly, pushed back and revealed flaws in Glick’s reasoning.
    Read More “Squabbling Breaks Out at FERC Meeting Over Regulating GHG Emissions”

  • Anti-Drilling/Fossil Fuel | CNG/LNG | Exporting | Industrywide Issues

    Russia Launches Propaganda Attack on U.S. “Fracked” Shale Gas

    November 24, 2021November 24, 2021
    Gazprom Neft’s oil refinery in Omsk, Russia February 10, 2020 (credit: Reuters)

    We sometimes wonder whether MDN readers believe us when we make statements about other countries, like Russia (and Vladimir Putin) as being enemies of the United States. “Oh, that’s just Jim popping off again. More hyperbole.” We hope not. We mean exactly what we say. And we can back it up with evidence. Take, for example, a press release issued by Gazprom, the Russia-owned natural gas powerhouse that exports natgas to other countries, primarily in Asia and Europe. When America figured out shale energy and fracking, we displaced Russia and Gazprom as the largest natural gas producer in the world. We quickly scooped up some of Russia’s customers with our LNG. Russia has been fighting to regain its top-dog position ever since. Yesterday Gazprom issued a propaganda press release (below) that directly attacks the U.S. shale industry and our LNG exports, trying to paint our natgas exports as “dirty”–the exact word they use.
    Read More “Russia Launches Propaganda Attack on U.S. “Fracked” Shale Gas”

  • Ascent Resources | Belmont County | Cameron County | Centre County | Clarion County | Coterra Energy (Cabot O&G) | Encino Energy | Energy Companies | EQT Corp | Harrison County | Jefferson County (OH) | Laurel Mountain Energy | Marion County | Marshall County | Ohio | Pennsylvania | Range Resources Corp | Seneca Resources | Susquehanna County | Tug Hill Operating | Washington County | Weekly Permits | West Virginia | XPR Resources

    32 New Shale Well Permits Issued for PA-OH-WV Nov 15-21

    November 24, 2021November 24, 2021

    Last week Pennsylvania issued 15 new permits for shale well drilling, up nicely from the prior week of just 2 new permits. Ohio issued 9 new permits last week, and West Virginia issued 8 new permits. All totaled, the M-U saw 32 new permits issued last week, the most we’ve seen in a single week for some time. More drilling on the way!
    Read More “32 New Shale Well Permits Issued for PA-OH-WV Nov 15-21”

  • Best of the Rest

    Other Stories of Interest: Wed, Nov 24, 2021

    November 24, 2021November 24, 2021

    OTHER U.S. REGIONS: Cheniere produces 1st LNG at Sabine Pass Train 6; NATIONAL: API, NOIA react to House reconciliation bill passage; Biden orders release of USA oil reserves; The upside of Biden’s oil move – good timing, and too small to hurt anything; New algorithm efficiently diagnoses shale fracture results from fiber-optic data; Regressive energy taxes hit poor and lower-income families, creates more inflation; INTERNATIONAL: Anti-OPEC+ officially emerges.
    Read More “Other Stories of Interest: Wed, Nov 24, 2021”

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