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Marcellus Drilling News
  • Anti-Drilling/Fossil Fuel | Electrical Generation | Industrywide Issues | Litigation | Pennsylvania | Statewide PA

    Yes! PA Commonwealth Court Blocks RGGI Carbon Tax Regs…for Now

    April 7, 2022April 7, 2022

    On Tuesday, Pennsylvania’s Commonwealth Court ruled that Gov. Tom Wolf’s obscene carbon tax, called the Regional Greenhouse Gas Initiative (RGGI), will not go into effect until “pending further order of the court.” What further action from the court is necessary was not disclosed. What is obvious is that Wolf’s attempt to force the state to join RGGI is now on a very long pause, until more court cases are filed. The end game (for Republicans) is to run out the clock until a new governor is elected in November (hopefully a Republican). Either that, or convince the 5-2 liberal majority of the PA Supreme Court (which is likely where this will end up) to rule against Wolf’s unilateral attempt to force the state into the RGGI compact.
    Read More “Yes! PA Commonwealth Court Blocks RGGI Carbon Tax Regs…for Now”

  • Ascent Resources | Energy Companies | Gulfport Energy | HG Energy | Industrywide Issues | M&A | XTO

    4 Cos. Shopping M-U Assets – Represents 11.5% of M-U Production

    April 7, 2022April 7, 2022

    We recently received a couple of recent issues of a monthly news/analysis newsletter from The Capitol Forum (TCF). The author shared with us (and is allowing us to share with you) the March and April monthly editions of TCF Upstream Monthly, a publication that focuses on drilling in the Appalachian Basin. The April issue tackles the rumored Gulfport Energy/Ascent Resources merger we recently reported on (see Rumor: Gulfport Energy in Talks to Merge with Ascent Resources). Analysis of that potential merger is fascinating. However, it was tangential information part of the analysis that caught our eye. If you add up all of the assets currently rumored or known to be in play (for sale or merger), it amounts to 11.5% of all M-U production.
    Read More “4 Cos. Shopping M-U Assets – Represents 11.5% of M-U Production”

  • Chesapeake Energy | CNG/LNG | Coterra Energy (Cabot O&G) | Energy Companies | EQT Corp | Exporting | Industrywide Issues

    M-U Drillers Meet with European Officials re More LNG Exports

    April 7, 2022April 7, 2022

    According to Reuters, at least a dozen U.S. shale gas executives met yesterday in Houston, TX, with European energy officials to discuss expanding U.S. fuel supplies to Europe. Among those in the meeting were “top executives” from Chesapeake Energy, Coterra Energy (formerly Cabot Oil & Gas), and EQT Corp., the largest natural gas producer in the U.S. Individual meetings are planned between the execs and representatives from Latvia, Estonia, and Slovakia. It seems that Europe has finally opened its eyes (and its mind) to the benefits of American natural gas.
    Read More “M-U Drillers Meet with European Officials re More LNG Exports”

  • Beaver County | Energy Companies | Ethane | Industrywide Issues | Pennsylvania | Processing Plants | Shell

    Shell PA Cracker Still 95% Done, Online This Yr, Use 96K b/d Ethane

    April 7, 2022April 7, 2022

    In January MDN reported comments by a Shell representative who said the mighty ethane cracker the company is building in Monaca (Beaver County), PA was 95% complete (see Shell Ethane Cracker 95% Complete, Online in “Matter of Months”). Nearly three months later a Shell rep said yesterday the plant is…still just 95% complete. However, the rep also said the plant is “well into commissioning” and will “be a fully operational site later this year.” According to analysts at the U.S. Energy Information Administration (EIA), when the Shell plant comes online this year it will suck up 96,000 barrels per day (b/d) of Marcellus ethane.
    Read More “Shell PA Cracker Still 95% Done, Online This Yr, Use 96K b/d Ethane”

  • Pennsylvania | Statewide PA

    Pennsylvania Shale Permits Dip in February, Rebound in March

    April 7, 2022April 7, 2022

    Analysis by S&P Market Intelligence notes that new shale drilling permits issued in Pennsylvania dipped in February 2022 when compared to February 2021 (and dipped compared with January of 2022). Fair enough. The question is, Why did permits dip in February? The article alludes to a possible reason–a dip in the Henry Hub NYMEX price in February, going below $5/MMBtu. While price may have played a role, we believe there’s another contributing factor to the permit dip in February.
    Read More “Pennsylvania Shale Permits Dip in February, Rebound in March”

  • Anti-Drilling/Fossil Fuel | Bradford County | CNG/LNG | Energy Services | Exporting | Industrywide Issues | New Fortress Energy | Pennsylvania | Regulation

    Connecting the Dots Between Aborted Wyalusing LNG, Biden, & Putin

    April 7, 2022April 7, 2022

    We spotted two different articles published over the past couple of days about the recently nixed Marcellus LNG export plant that was planned for Wyalusing (Bradford County), PA (see NFE Caves to Radicals, “Pulls the Plug” on Wyalusing, PA LNG Plant). There’s plenty of blame to go around. We quoted a highly placed source who said the DEP is the party that “caved” to the radical left by not sticking up for a permit it had previously reviewed and issued (see New Fortress Building LNG Offshore La. Instead of Onshore Pa.). The articles we spotted analyzing the situation tie the aborted Wyalusing project to both Biden and Vladimir Putin. We think they’re both right.
    Read More “Connecting the Dots Between Aborted Wyalusing LNG, Biden, & Putin”

  • Anti-Drilling/Fossil Fuel | Hydrogen | Industrywide Issues

    Appalachian Leftwing Group Turns Against Hydrogen Power

    April 7, 2022April 7, 2022

    Yes, you read it first on MDN. Two days ago MDN pointed out our observation that anti-fossil fuel cultists have begun to turn against the use of hydrogen, fearing it would mean boosting the use of natural gas in the process (see Antis Begin to Turn Against Blending Hydrogen in NatGas Pipes). It seems the word has gone out to the mind-numbed, leftist robots who blindly follow the lead of their overlords. It appears everyone on the enviro-left is now beginning to turn against hydrogen. Case in point here in the M-U region: The leftwing, highly partisan nonprofit Ohio River Valley Institute (ORVI) published an op-ed in the Philadelphia Inquirer yesterday trashing hydrogen energy.
    Read More “Appalachian Leftwing Group Turns Against Hydrogen Power”

  • Best of the Rest

    Other Stories of Interest: Thu, Apr 7, 2022

    April 7, 2022April 7, 2022

    NATIONAL: New administrator confirmed for EIA; Blamed for high gas prices, oil executives defend themselves at a House hearing; Congress rounds up the usual Big Oil suspects; Financial officers from 27 states demand Biden bolster domestic energy production; INTERNATIONAL: As Ukraine war squeezes energy, UK looks again at fracking.
    Read More “Other Stories of Interest: Thu, Apr 7, 2022”

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