Ascent Resources | Beaver County | Energy Companies | Harrison County | Lycoming County | Ohio | PennEnergy Resources | Pennsylvania | Range Resources Corp | Repsol | Susquehanna County | Weekly Permits
6 New Shale Well Permits Issued for PA-OH-WV Feb 21-27
The good news is that the Pennsylvania Dept. of Environmental Protection’s online reporting site is back online and we were able to retrieve new shale drilling permits for two weeks ago (Feb. 21-27). The bad news is that there was a paltry four permits issued during that week. Perhaps the DEP site/system is not yet fully populated with permits issued during that time? Ohio issued two permits during the same week. And West Virginia issued (gasp) zero during that week. This has to be the lowest number of permits issued during a single week we can remember–ever.
Read More “6 New Shale Well Permits Issued for PA-OH-WV Feb 21-27”
Although he’s a lame duck and heading for the exit door later this year (being term-limited, thank God), Pennsylvania Gov. Tom Wolf has come under withering attacks from many different sources for his reluctance to clear away obstacles that would encourage more shale gas drilling (and exporting) from the Keystone State. PA House Rep. Daryl Metcalfe calls Wolf’s response to expand the state’s natural gas industry “pathetically weak.” Ouch. Matthew Brouillette, president and CEO of Commonwealth Partners Chamber of Entrepreneurs, says Wolf’s green agenda is “fueling Putin’s war machine.” Double ouch. Wolf himself is flailing about, not knowing how he should respond to being outed as a Big Green lackey.
While it may be unseemly to discuss this, U.S. LNG exports are booming because of Russia’s invasion of Ukraine. Putin is threatening to withhold natural gas flows into Europe and Europe is scrambling to try and find new sources, including imports of American LNG. The biggest winners (so far) are U.S. LNG natural gas producers and the export facilities that liquefy and ship the gas. And don’t forget the LNG container ships too. Everyone is making a LOT more money right now on LNG exports. A Reuters article says the U.S. has recorded record export volumes (and profits) over the past three months.
New York’s newest governor, Kathy Hochul, is following in the footsteps of her former boss, Andrew Cuomo, by pledging to block natural gas hookups for all new construction across New York State. It’s insane. Such a ban will cause even more people to leave the state (they’re already leaving in droves). And yet she and the leftist Democrats pulling her strings persist in this path of self-annihilation. Republicans in the NY State Senate have had enough and are fighting back.
President Joe Biden and his surrogates have been blaming U.S. oil and gas producers for not producing more in the face of prices going through the roof. Big Oil & Gas have responded that the Bidenistas refuse to even talk with them about important issues, like onerous new regulations, blocking new pipelines, etc. It looks like the Bidenistas are finally desperate enough to at least sit down and talk. According to Bloomberg (not always a reliable source) Dept. of Energy Secretary Jennifer Granholm is having conversations with several oil companies at the CERAWeek conference.
Below is the list of events we are aware of that will be of interest to those with an interest in the Marcellus/Utica shale region for 2022. Some events are in the region (PA, OH, WV). Some are not (TX, OK, CO). Some are virtual/online, but most have returned to in-person. All of them are of potential interest to the MDN audience.
MARCELLUS/UTICA REGION: Bipartisan support for increased American fuel production rising; NATIONAL: Biden goes for Russian main artery and bans oil imports; As gas prices soar, White House doubles down on green new deal; INTERNATIONAL: There is definitely potential for an OPEC+ collapse; Russia threat to cut gas sends European market wild; Venezuela poised to provide U.S. additional barrels; The end of energy innocence.