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Marcellus Drilling News
  • CNG/LNG | Industrywide Issues | Long Island | New York | Pipelines

    National Grid Threatens New Gas Hookup Moratorium for Downstate NY

    January 14, 2022January 14, 2022

    As Yogi Berra once quipped, this feels like déjà vu all over again. In 2019 New York City and Long Island experienced an epic showdown with National Grid, which supplies natural gas to all of Long Island including Brooklyn and Queens. National Grid slapped a moratorium on new gas hookups due to short supplies and then-Gov. Andrew Cuomo’s blocking of a pipeline to bring more supplies to the region. After extreme blowback from customers, Cuomo threatened to rip National Grid’s franchise away and give it to someone else unless they paid $30 million in bribes and started hooking up new customers again. National Grid caved and the bad guy, Cuomo, won (see Andrew “Don Corleone” Cuomo Extorts National Grid, Wins Pipe Battle). Once again National Grid is sounding the alarm that they likely will need to restrict new gas hookups. A new battle is brewing.
    Read More “National Grid Threatens New Gas Hookup Moratorium for Downstate NY”

  • Energy Services | Nine Energy Services

    NYSE Threatens Nine Energy Services with Stock Delisting

    January 14, 2022January 14, 2022
    click for larger version

    Nine Energy Service, an oilfield services company that competes with companies like Halliburton and Baker Hughes, operates in a number of shale basins, including the Marcellus/Utica. Last week the New York Stock Exchange (NYSE) informed Nine the company’s stock is in danger of being delisted from the exchange because the company’s average market capitalization over 30 consecutive trading days, as well as stockholders’ equity, has fallen below $50 million.
    Read More “NYSE Threatens Nine Energy Services with Stock Delisting”

  • Industrywide Issues | Pipelines | Regulation

    GAO Report: Gathering Pipelines Face “Data Collection Challenges”

    January 14, 2022January 14, 2022

    In early November MDN told you about a massive new power grab being attempted by the Biden Dept. of Transportation’s PHMSA, implementing new regulations to take control of local gathering pipelines, in contravention to the U.S. Constitution (see Massive Power Grab Proposed by Biden DOT: Regulate Gathering Lines). In December the oil and gas industry finally woke up and began to push back (see O&G Industry Wakes Up, Opposes Fed Control Over Gathering Pipelines). The U.S. Government Accountability Office (GAO) issued a report card yesterday to update Congress on the status of PHMSA in collecting information about gathering pipelines–the first step in a federal takeover of regulating gathering lines.
    Read More “GAO Report: Gathering Pipelines Face “Data Collection Challenges””

  • Coterra Energy (Cabot O&G) | Education | Energy Companies | Industrywide Issues | Pennsylvania | Wyoming County (PA)

    Lackawanna College School of Petroleum & Natural Gas Expands

    January 14, 2022January 14, 2022

    Back in December, MDN editor Jim Willis had the delight and pleasure of attending an open house at the new location of the Lackawanna College’s School of Petroleum and Natural Gas (PNG) in Tunkhannock (Wyoming County), PA. The event was arranged and hosted by Bill desRosiers from Coterra Energy (formerly Cabot Oil & Gas). A number of Coterra employees were present. Bill gave us the grand tour. We can say categorically–PNG is an impressive facility and an impressive program.
    Read More “Lackawanna College School of Petroleum & Natural Gas Expands”

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

    Hart Energy Names America’s Top 40 Shale Drillers

    January 14, 2022January 14, 2022

    Everyone loves a “top x” list, right? We sure do. Hart Energy, publisher of must-have industry magazines including E&P (Exploration & Production), and Oil and Gas Investor, recently published a special publication called Shale 2022 which includes profiles on the “top 40 U.S. shale players,” a production forecast, a review of the latest carbon management and completions technologies, midstream trends and natural gas updates. It’s a great publication. In particular, we were interested in the top 40 shale players list. Guess how many in the top 40 focus on or have major operations in the Marcellus/Utica?
    Read More “Hart Energy Names America’s Top 40 Shale Drillers”

  • Industrywide Issues | Research

    Enverus Rig Count @ 722 (+15); Marcellus @ 39 (+1), Utica @ 11 (+1)

    January 14, 2022April 20, 2022

    For the week ending Jan. 13, the Enverus U.S. oil and gas rig jumped up by 15 for the week to 722. According to our calculations that would be a new post-pandemic high not seen since at least April 2020. The Marcellus gained one rig for 39 active rigs, and the Utica gained one rig for 11 active rigs. Combined the M-U had 50 active rigs last week–the most we’ve seen in a long time.
    Read More “Enverus Rig Count @ 722 (+15); Marcellus @ 39 (+1), Utica @ 11 (+1)”

  • Best of the Rest

    Other Stories of Interest: Fri, Jan 14, 2022

    January 14, 2022January 14, 2022

    MARCELLUS/UTICA REGION: Columbiana County seeks to strengthen ties between shale business, education; NATIONAL: US weekly LNG exports go up by one vessel; API pins high energy costs on Biden policies; Why Democrats make energy expensive (and dirty); INTERNATIONAL: Commodity trader King eyes $200 oil; U.S. voices misgivings on EastMed gas pipeline – Greek officials; Oil producers aren’t keeping up with demand, causing prices to stay high.
    Read More “Other Stories of Interest: Fri, Jan 14, 2022”

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