Interview with CNX CEO Nick DeIuliis (Part 2) – Assets & New Tech
Last week MDN editor Jim Willis had the privilege and honor of a (remote) sitdown interview with Nick DeIuliis, the CEO of CNX Resources, one of the major producers in the Marcellus/Utica. This is the second installment of that interview. In today’s portion, Jim asks Nick about CNX’s asset mix, shale and other assets. Nick also reveals some bombshell news–that CNX has applied for patents on technology that could change the future of the natural gas industry here in the U.S. Read on!
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Pennsylvania Gov. Tom Wolf’s plan to force PA’s coal- and natural gas-fired power plants to begin paying an obscenely high tax on carbon dioxide emissions as part of the so-called Regional Greenhouse Gas Initiative (RGGI) got blocked on July 1 by PA Commonwealth Court (see 
Range Resources delivered its second quarter 2022 update yesterday. The company made an amazing $453 million in profit during 2Q. On a conference call with analysts, CEO Jeff Ventura wasted no time in delivering a shot across the bow of the Bidenistas, saying, “Energy policy will need to be rooted in market realities. If infrastructure projects, namely pipelines and LNG terminals are not prioritized and given a reasonable regulatory review, then I believe it’s simply impossible to meet the growing global demand for reliable, safe and affordable fuels.” Ba-boom! On the wonkish side, Range’s top driller, Dennis Degner, discussed the company’s strategy of drilling new wells on existing pads. Sometimes Range returns to the same pad three times. A three-peat!
In April, CNX Resources announced it had signed a contract extension with Evolution Well Services to use Evolution’s 100% natural gas-fueled electric pressure pumping equipment for another four years (see 
In October 2020, the Federal Energy Regulatory Commission (FERC) finally, after months of dithering, approved TC Energy to begin construction on its Louisiana XPress project to beef up flows along the existing Columbia pipeline system by an additional 850 million cubic feet per day (MMcf/d) by adding three new compressor stations and expanding a fourth compressor in Louisiana (see 
Some politicians make us ill. One of them is John Fetterman, currently Pennsylvania’s undistinguished Lt. Governor and the Democrat candidate for the U.S. Senate to take over the seat being vacated by Pat Toomey. Fetterman is a radial socialist who, in 2016, signed a pledge to ban all fracking nationwide, including his home state of PA. Now that he’s running for the Senate, Fetterman has changed his tune and thinks that at least some fracking is OK. He is a liar.
In April, a group of nearly 200 protesters from some 60 different wacko anti-fossil fuel groups (an average of 3 1/3 person per “group”) turned out to protest a tiny 5-mile pipeline proposed in the Springfield, Massachusetts area (see 
OTHER U.S. REGIONS: Cheniere and PTT ink long-term LNG supply deal; NextEra plans to convert 16 GW of natural gas fleet to hydrogen; Texas adds greatest number of oil, natgas jobs in state history; NATIONAL: Market watcher flags USA natgas issue; INTERNATIONAL: Compulsory EU gas demand cut could happen.