Marcellus Drilling News

Allegheny County | CNX Resources | Energy Companies | Pennsylvania

CNX, Pittsburgh Airport Cut New Deal to Drill More Wells
May 23, 2022May 23, 2022

In early 2013 the Pittsburgh International Airport and Allegheny County, PA signed a deal with CONSOL Energy (now CNX Resources) to lease 9,000 acres surrounding the airport for natural gas drilling (see $50M Check in the Mail: Pittsburgh Airport Lease a Done Deal). The airport received a $50 million signing bonus and the promise of 18% royalties on anything produced and sold. The first wells began to flow natural gas for the first time in July 2016 (see CONSOL’s First Pittsburgh Airport Wells Begin to Flow NatGas). Since that time the airport has added its own electric microgrid and now produces all of its own electricity (see Pittsburgh Airport Now Generates All Its Power Using Marcellus Gas). The original deal called for CNX to drill 45 gas wells. They stopped at 14. That may be about to change.
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Energy Services | Eureka Resources | Industrywide Issues | Litigation | Pennsylvania | Regulation | Susquehanna County

PA EHB Judge Rejects Request to Block Dimock Wastewater Plant
May 23, 2022May 23, 2022

In March 2021, Eureka Resources announced plans to build a Marcellus Shale wastewater treatment facility in Dimock (Susquehanna County), Pennsylvania (see Eureka Building Marcellus Wastewater Recycling Plant in Dimock, PA). Both Susquehanna County and Dimock Township approved the Eureka project (see Town, County Approve Marcellus Wastewater Recycling Plant in Dimock). The Pennsylvania Dept. of Environmental Protection (DEP) has thus far issued one of two required permits. Seemingly out of nowhere, leftwing Democrat State Senator Katie Muth (from the Philadelphia area) filed an appeal with the DEP’s Environmental Hearing Board (EHB) attempting to block Eureka’s Dimock project (see SEPA Dem Attacks NEPA Marcellus Wastewater Recycling Plant in Dimock). EHB Judge Steven Beckman rejected Muth’s request last week for a temporary order blocking construction.
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Allegheny County | Anti-Drilling/Fossil Fuel | Energy Companies | Industrywide Issues | Olympus/Huntley & Huntley | Pennsylvania

West Deer Antis Try to Block 2nd Olympus Shale Well Pad
May 23, 2022August 29, 2022

Olympus Energy (formerly Huntley & Huntley) drills in the Greater Pittsburgh region, in Allegheny and Westmoreland counties. Last year Olympus filed an application to build a new well pad in a rural part of Allegheny County, in West Deer Township. So-called “concerned citizens” got amped up to oppose the project. They succeeded when the Dionysus well pad was rejected by town supervisors (see West Deer Township Denies Olympus Permit to Build Shale Pad). The “concerned citizens” are at it again, attempting to block a second well pad, the Leto pad, proposed by Olympus in another West Deer location.
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Anti-Drilling/Fossil Fuel | ESG | Industrywide Issues

BlackRock Begs Texas Not to Divest from the Divestors
May 23, 2022May 23, 2022

Efforts by brave states like Texas and West Virginia in fighting back against companies like BlackRock who demand divestment from any activity involving the extraction of fossil fuels is having an effect. The divestors are beginning to squeal like little piglets. In June 2021, Texas Gov. Greg Abbott signed a bill into law that bans state investments in banks, investors, and other companies that have cut ties with the oil and gas industry (see Texas Adopts Law Boycotting Banks & Investors that Boycott O&G). It has taken a while, but Texas is finally working on the list of companies that the state (with the second-highest population in the country) will end doing business with. BlackRock is on the list and the company is begging the state not to cut ties.
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Commodity Price | Industrywide Issues

Investment Firm Predicts U.S. NatGas Crisis Coming in 2022
May 23, 2022May 23, 2022

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Leigh Goehring from natural resource investment firm Goehring & Rozencwajg Associates is predicting a “black swan” event in “the next six months” right here in the U.S. with respect to the supply and price of natural gas. Goehring maintains we could see an event where we swing from a surplus of natural gas to a deficit, and prices that triple or quadruple. It is an ominous prediction.
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Industrywide Issues | Pipelines | Regulation

Joe Biden Renominates Dick Glick for Another FERC Term
May 23, 2022May 23, 2022

Richard Glick

How unfortunate–and predictable. The Joe Biden White House, an agency in complete disarray and dysfunction, announced on Friday that it will put forward Richard “Dick” Glick’s name to serve yet another undistinguished term at the Federal Energy Regulatory Commission (FERC). Glick, a former wind lobbyist who is an extreme anti-pipeline radical, was appointed first under Donald Trump (big mistake on Trump’s part). Glick is currently the chairman of the agency, a position that wields a lot of power. Biden wants him to continue his destructive ways at the agency for another four years.
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Best of the Rest

Other Stories of Interest: Mon, May 23, 2022
May 23, 2022May 23, 2022

OTHER U.S. REGIONS: April sees highest monthly job growth in upstream oil and natural gas sector in nearly 11 years; NATIONAL: FERC to monitor gas, power markets for manipulation; Five major challenges facing the energy industry; INTERNATIONAL: Schroeder quits Rosneft job; Russia has cut off its natural gas exports to Finland; New LNG deal will allow Finland, Estonia to end Russian gas imports; Exposed by Putin, the energy know-nothings must now go away.
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