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  • Anti-Drilling/Fossil Fuel | Energy Services | Energy Transfer Partners | Industrywide Issues | Litigation | Pennsylvania | Pipelines | Statewide PA

    ET Pleads No Contest to “Crimes” for ME, Revolution Pipelines

    August 8, 2022August 8, 2022

    Loathsome and disgusting shale energy hater Josh Shapiro, Attorney General for Pennsylvania (running for governor), announced on Friday that he finally bullied Energy Transfer into pleading “no contest” (meaning they don’t admit to a darned thing) in a so-called criminal case against the company for a series of accidents affecting construction for both the Revolution and Mariner East pipelines. Shapiro brought the case–a case that converts accidents into crimes–in order to burnish his credibility with the wacko left in his own party. Now he has a “victory” to run on–and everyone in Pennsylvania is the poorer because of it.
    Read More “ET Pleads No Contest to “Crimes” for ME, Revolution Pipelines”

  • Energy Companies | Southwestern Energy

    Southwestern Invests More $ in Haynesville, but M-U Produces More

    August 8, 2022August 8, 2022

    Southwestern Energy, which along with EQT and Chesapeake Energy, is one of the three leading producers of natural gas in the U.S., issued its second quarter update last Friday. The company reported total net production of 438 Bcfe (billion cubic feet equivalent), or 4.8 Bcfe/d, including 4.2 Bcf/d of natural gas and 100,000 barrels per day (Bbls/d) of liquids. Southwestern invested $585 million of capital during 2Q and placed 42 wells to sales, including 23 in the Marcellus/Utica and 19 in Haynesville. The company made $1.2 billion in profit during 2Q22, versus losing $609 million in the same quarter a year ago.
    Read More “Southwestern Invests More $ in Haynesville, but M-U Produces More”

  • Ascent Resources | Energy Companies | Industrywide Issues | M&A | Ohio | Statewide OH | XTO

    Ascent Closes on 27K Utica Acres for $270M – Finally Names Seller

    August 8, 2022August 8, 2022

    On July 1, just as everyone was heading out the door for summer vacation, Ascent Resources announced it is buying another 26,800 acres in the Ohio Utica for $270 million (see Ascent Resources Buys Another 27K Utica Acres for $270 Million). The announcement withheld the identity of the seller but did say Ascent was buying *all* of the seller’s Ohio Utica shale assets, which touched off speculation about who is doing the selling. We now know. On Friday, Ascent announced it has closed on the deal. The seller was…
    Read More “Ascent Closes on 27K Utica Acres for $270M – Finally Names Seller”

  • Energy Companies | Energy Services | ESG | Industrywide Issues | PennEnergy Resources | Williams

    Williams to Market PennEnergy’s “Next Gen” Responsible Gas

    August 8, 2022August 8, 2022

    PennEnergy Resources LLC, which according to the Pittsburgh Business Times is the 11th largest shale driller in Pennsylvania (with 405 active shale wells), achieved responsibly sourced natural gas certification from Project Canary on nearly all of its wells in January of this year (see PennEnergy Receives “Responsibly Sourced Gas” Rating for Most Wells). Project Canary issued its top “Gold” and “Platinum” ratings on 375 of PennEnergy’s wells. Pipeline giant Williams issued an announcement this morning to say it has entered into an agreement with PennEnergy to market and deliver, via its pipelines, PennEnergy’s blessed-by-Canary natural gas to customers eager to buy it.
    Read More “Williams to Market PennEnergy’s “Next Gen” Responsible Gas”

  • Energy Services | Industrywide Issues | Pennsylvania | Pipelines | Susquehanna County | Williams

    Williams Adding 14+ Miles of Gathering Pipe in Susquehanna County

    August 8, 2022August 8, 2022

    During pipeline giant Williams’ 2Q22 update last week, company officials talked about expansion projects in the Marcellus/Utica region (see Williams 2Q: Summer Heat + LNG = High Activity on Transco Pipe). One of the four projects mentioned (via a slide) is the “Susquehanna Gathering Expansion,” an additional 20 miles of gathering pipeline and incremental compression. The target in-service date is the fourth quarter of next year. Via a notice published in Saturday’s Pennsylvania Bulletin, we know where 14 miles of that 20 miles will be located.
    Read More “Williams Adding 14+ Miles of Gathering Pipe in Susquehanna County”

  • Diversified Energy | Energy Companies | Industrywide Issues | Regulation | Statewide WV | Taxation | West Virginia

    Some M-U Companies Like Manchin-Schumer High Methane Tax

    August 8, 2022August 8, 2022

    Make no mistake: The Manchin-Schumer “Soar Inflation Higher” bill is bad for the country in EVERY way, including bad for the fossil energy industry via an industry-killing methane tax (see Joe Manchin’s Green New Deal Cave Slaps O&G with Big Methane Tax). Yet some oil and gas companies, including Diversified Energy (which operates in Appalachia), are supporting the methane tax that is part of the bill. We simply don’t understand it.
    Read More “Some M-U Companies Like Manchin-Schumer High Methane Tax”

  • Industrywide Issues | Regulation | Research

    DOE Spending $32M to Develop New Required Tech to Lower Methane

    August 8, 2022August 8, 2022

    As we point out in a companion story today, some in the oil and gas industry have sold out and are supporting the Manchin-Schumer methane tax. It’s sad (and angering). As we point out in that post, those companies believe they are insulated from the effects of the methane tax because they have already deployed technology to reduce methane emissions from their operations. But what happens when the federal government changes the rules by telling them their technology is junk and they have to replace it with new government-blessed technology? Right on cue, the Dept. of Energy announced it will spend $32 million on “research” to figure out what kind of technology can lower methane emissions.
    Read More “DOE Spending $32M to Develop New Required Tech to Lower Methane”

  • Best of the Rest

    Other Stories of Interest: Mon, Aug 8, 2022

    August 8, 2022August 8, 2022

    MARCELLUS/UTICA REGION: DEP invites stakeholders to participate in well plugging workgroups; NATIONAL: Statement on the public health impacts of blue hydrogen production; How Republicans are ‘weaponizing’ public office against climate action; U.S. propane spot prices have declined from multiyear highs.
    Read More “Other Stories of Interest: Mon, Aug 8, 2022”

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