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Marcellus Drilling News
  • Carroll County | Energy Services | Energy Transfer Partners | Industrywide Issues | Litigation | Ohio | Pipelines | Regulation

    Rover Pipe Sues FERC Over $20M Fine for Demolishing This Old House

    January 31, 2022January 31, 2022

    You have GOT to be kidding! In 2015 Energy Transfer’s Rover Pipeline purchased an old house in Ohio that was crumbling and falling down, intending to fix it up and use it for offices. The company later decided to demolish it. The old house was on a list to be considered as a National Historic Place, even though the local fire department considered burning it down as a training exercise it was so dilapidated. Because this particular old house was potentially considered “historic,” Rover went through all sorts of hell and ended up paying a $2.3 million fine. Then Richard “Dick” Glick took over at the Federal Energy Regulatory Commission (FERC) and decided to drag that case out yet again, this time fining Rover $20 million for something long ago settled (see FERC’s Dick Glick Shakes Down Rover Pipe for Past Settled Sins)! Rover is now fighting back, taking FERC (and Glick) to court.
    Read More “Rover Pipe Sues FERC Over $20M Fine for Demolishing This Old House”

  • Armstrong County | Beaver County | Butler County | Energy Companies | ESG | Industrywide Issues | Lawrence County | PennEnergy Resources | Pennsylvania | Westmoreland County

    PennEnergy Receives “Responsibly Sourced Gas” Rating for Most Wells

    January 31, 2022January 31, 2022

    PennEnergy Resources LLC, which according to the Pittsburgh Business Times is the 11th largest shale driller in Pennsylvania (with 405 active shale wells), has achieved responsibly sourced natural gas certification from Project Canary on nearly all of its wells. Project Canary has issued its top “Gold” and “Platinum” ratings on 375 of PennEnergy’s wells.

    NOTE: This article was revised from an earlier version after MDN received a copy of the official press release.
    Read More “PennEnergy Receives “Responsibly Sourced Gas” Rating for Most Wells”

  • Chesapeake Energy | Chief Oil & Gas | CNX Resources | Coterra Energy (Cabot O&G) | Diversified Energy | Energy Companies | EQT Corp | PennEnergy Resources | Range Resources Corp | Repsol | Seneca Resources | Southwestern Energy

    Top 10 Shale Drillers in Pa. as of Jan 2022 – by # Wells Drilled

    January 31, 2022January 31, 2022

    With the ever-changing landscape of mergers and acquisitions in the shale industry, including here in the Marcellus/Utica, it’s helpful to check in every now and again with a “top 10” list. This time our top 10 list is for the largest shale drillers/operators in Pennsylvania. The Pittsburgh Business Times recently updated its “Book of Lists” for active PA shale drillers, all 47 of them. We have a quick list of the top 10 below.
    Read More “Top 10 Shale Drillers in Pa. as of Jan 2022 – by # Wells Drilled”

  • Commodity Price | Energy Services | Equitrans/EQT Midstream | Industrywide Issues | Litigation | Pipelines

    What MVP’s Latest Delay Means for Takeaway Constraints, M-U Prices

    January 31, 2022January 31, 2022

    Last week we brought you the bitterly disappointing news that the clown judges of the U.S. Court of Appeals for the Fourth Circuit (the 4th Circus) have, for a second time, overturned permits for Mountain Valley Pipeline (94% complete!) to build through 3.5 miles of Jefferson National Forest (see 4th Circus Clowns Overturn MVP Permit for Jeff Natl Forest, Again). That decision by a group of radicalized judges will have a big impact on takeaway capacity in the Marcellus/Utica, and ultimately on the price drillers can fetch for their gas.
    Read More “What MVP’s Latest Delay Means for Takeaway Constraints, M-U Prices”

  • Industrywide Issues | Research

    PA’s Smaller Frackers Turned Up the Production Last November

    January 31, 2022January 31, 2022

    Last week MDN told you about S&P data showing a decrease in production for Marcellus/Utica drillers in January (see Platts: NatGas Production Falls in January, Dipping into Storage). S&P is back with another article analyzing data from last November. M-U production in Pennsylvania for last November increased by quite a bit. However, the source of the increase may surprise you.
    Read More “PA’s Smaller Frackers Turned Up the Production Last November”

  • Chesapeake Energy | Chief Oil & Gas | Energy Companies | Industrywide Issues | M&A | Pennsylvania | Statewide PA

    Rees-Jones Says He ‘Saved the Best for Last’ with Chief O&G Sale

    January 31, 2022January 31, 2022

    Last week MDN brought you the news that Chesapeake Energy is buying Marcellus driller Chief Oil & Gas (plus associated non-operated assets from Tug Hill Operating) for $2 billion in cash and approximately 9.44 million common shares (see Chesapeake Buys Chief Oil & Gas & Non-op Tug Hill Assets for $2.6B). Chief is privately owned by Dallas, Texas billionaire Trevor Rees-Jones. With the deal signed, he’s talking about how he “saved the best for last” with the sale of Chief…
    Read More “Rees-Jones Says He ‘Saved the Best for Last’ with Chief O&G Sale”

  • Best of the Rest

    Other Stories of Interest: Mon, Jan 31, 2022

    January 31, 2022January 31, 2022

    NATIONAL: Chevron CEO says $100 oil may be coming within months; Low-cost natural gas is our centerpiece strategy to fight climate change; As Biden doubles down on his War on Energy, prices keep shooting up; How Manchin and Sinema saved Biden from creating an energy security disaster; Oil and gas industry rallies against environmentalist Biden Fed nominee; INTERNATIONAL: OGUK dropping oil and gas from name; Before Ukraine, U.S. pitched its ‘freedom gas’ to Europe, found few takers.
    Read More “Other Stories of Interest: Mon, Jan 31, 2022”

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