Marcellus Drilling News

Chester County | Energy Services | Energy Transfer Partners | Industrywide Issues | Pennsylvania | Pipelines | Regulation | Sunoco Logistics

PA DEP Issues Revised Permits for ME2 Pipe Near Marsh Creek Lake
December 20, 2021April 20, 2022

One week ago MDN told you that the Pennsylvania Dept. of Environmental Protection (DEP) signaled, via a listing in the weekly issue of the Pennsylvania Bulletin, the department’s intent to issue or reissue remaining permits for erosion and sediment control needed to finish up work on the Mariner East 2 (ME2) pipeline (see PA DEP Signals Reissue of Erosion & Sediment Permits for ME2 Pipe). One week later (this past Saturday), the DEP posted another notice in the PA Bulletin issuing permits for ME2 in the most contentious and critical portion of the project to finish up–the area near Marsh Creek Lake and State Park in Chester County.
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Industrywide Issues | Luzerne County | Pennsylvania | Processing Plants

Neighbors’ Concerns Addressed by $6B Wilkes-Barre GTL Plant
December 20, 2021April 20, 2022

In November 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, near Wilkes-Barre (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. As details about the project (this is a MASSIVE project, on the order of the Shell cracker plant in western PA) come out, some of the neighbors who will live near the plant are expressing concerns.
Read More “Neighbors’ Concerns Addressed by $6B Wilkes-Barre GTL Plant”
Statewide WV | West Virginia

GO-WV Celebrates First Full Year, Legislative Priorities for 2022
December 20, 2021December 20, 2021

It was one year ago that West Virginia’s two oil and gas trade associations, the Independent Oil and Gas Association of West Virginia (IOGAWV) and the West Virginia Oil and Natural Gas Association (WVONGA) merged into one new organization called the Gas and Oil Association of WV, or GO-WV (see WV’s Two O&G Trade Groups (IOGAWV & WVONGA) Merge, Form New Assoc.). Since that time the new GO-WV has added more than two dozen new members and has (by our reckoning) helped defeat the dangerous Biden Build Back Better budget bill. Pretty amazing to do all that in its first year, during a pandemic!
Read More “GO-WV Celebrates First Full Year, Legislative Priorities for 2022”
Antero Resources | Chesapeake Energy | CNX Resources | Coterra Energy (Cabot O&G) | Energy Companies | EQT Corp | Range Resources Corp | Seneca Resources | Southwestern Energy

Marcellus/Utica Drillers Profits Up 78% in 3Q21, Cash Flow Up 80%
December 20, 2021April 20, 2022

From time to time the experts at RBN Energy analyze the financial and operational performance of the oil and gas industry. RBN groups a sampling of publicly traded companies into three buckets: Diversified companies with their fingers in a lot of different pies, including upstream, midstream and downstream; oil-focused drillers who concentrate mainly on drilling for oil; and gas-focused drillers concentrating mainly on drilling for natural gas. It is that last group we are interested in. All but one of the nine companies in the gas-focused groups of drillers tracked by RBN are big drillers in the Marcellus/Utica. In a post from yesterday, RBN says the gas-focused group’s third quarter 2021 profits nearly doubled year over year, while cash flow increased by 80% from 2Q21 to 3Q21.
Read More “Marcellus/Utica Drillers Profits Up 78% in 3Q21, Cash Flow Up 80%”
Industrywide Issues | Regulation | Statewide WV | Taxation | West Virginia

WV Sen. Manchin Deserves Credit for Blocking Biden Budget Fiasco
December 20, 2021December 20, 2021

U.S. Senator Joe Manchin

We frankly thought he would cave under the pressure. He did not. Hats off to Joe Manchin, U.S. Senator from West Virginia, for telling Chuck “the schmuck” Schumer to go pound sand. Manchin said on Fox News yesterday that he will NOT vote to pass Joe Biden’s New Green Deal “Build Back Better” (BBB) budget bill that will (a) drive the country into hyperinflation, and (b) kill the fossil fuel industry with draconian Green New Deal regulations. The BBB budget bill is officially dead after Manchin said he will not vote for it. In a 50-50 Senate with the tie-breaking vote going to the cackling Kamala Harris, the bill, if it comes up for a vote, will go down in defeat. Socialist “crazy” Bernie Sanders is spitting and sputtering. Love it!
Read More “WV Sen. Manchin Deserves Credit for Blocking Biden Budget Fiasco”
Industrywide Issues | New York | New York County | Regulation

NYC’s Gas Ban Will Force City’s Poor to Pay 78% More for Heat
December 20, 2021April 20, 2022

Last week MDN told you that New York City decided to commit energy and economic suicide by outlawing the right of new buildings built within city limits from using natural gas for heat, cooking, etc. (see New York City Commits Energy Suicide – Mass Exodus Begins). The impact of that city-destroying economic asteroid is still reverberating. How’s this for a number: The average price to heat a home in the northeastern part of the country with natural gas is $865 per winter. The average cost to heat a northeastern home with electricity is $1,538 per winter–or 78% higher. Guess who a 78% increase in heating bills in NYC will affect (and devastate) the most? The poor.
Read More “NYC’s Gas Ban Will Force City’s Poor to Pay 78% More for Heat”
Anti-Drilling/Fossil Fuel | Industrywide Issues | Pipelines | Regulation

“We Hate Pipelines” Rhetoric from FERC’s 3 Democrat Commissioners
December 20, 2021December 20, 2021

Richard “Dick” Glick

Last Thursday at the Federal Energy Regulatory Commission (FERC) open meeting in Washington, D.C., the three Democrat Commissioners uttered policies and statements that amount to an “I hate pipelines” philosophy. This is a bit odd, given their statutory role and responsibility as FERC commissioners is to enable pipelines, not stop them. Yet the Democrat Party is now completely radicalized and is corrupting agencies like FERC. The Dem FERC commissioners have lost their way and believe FERC is an environmental agency when, in fact, it’s an economic agency. Elections have consequences folks, and we repeatedly warned you in 2020 that FERC would be a casualty under Joe Biden. It is–in spades.
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Best of the Rest

Other Stories of Interest: Mon, Dec 20, 2021
December 20, 2021April 20, 2022

MARCELLUS/UTICA REGION: Utica Shale Academy hopes to secure more grants; NATIONAL: Goldman Sachs mulling financed emissions reduction; INTERNATIONAL: OPEC+ DOC turns five; Oil may hit $380 per barrel; Russian gas exports to Europe via Yamal pipeline remain tiny; Germany says no decision on Nord Stream 2 before July.
Read More “Other Stories of Interest: Mon, Dec 20, 2021”