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Marcellus Drilling News
  • Anti-Drilling/Fossil Fuel | Industrywide Issues | Lease & Royalty Payments | Litigation | Pennsylvania | Statewide PA

    PEDF Loses PA Supreme Court Case to Block DCNR Budget

    August 18, 2022August 18, 2022

    The only thing the so-called Pennsylvania Environmental Defense Foundation (PEDF) “defends” is their own twisted philosophy of trying to gouge out the eyes of the oil and gas industry in PA–even at the expense of de-funding their own beloved PA Dept. of Conservation and Natural Resources (DCNR). In two PA Supreme Court rulings, one in 2017 and another in 2021, PEDF won the right to limit how revenues from oil and gas drilling on state land can be used. The PA legislature reworded its budget directives and began using those revenues to fund day-to-day expenses at DCNR. PEDF sued again. Commonwealth Court rejected PEDF’s arguments against how the legislature allocated the money, and two weeks ago, the PA Supreme Court upheld Commonwealth Court’s rejection. Translation: PEDF just lost a major case they’ve been waging since 2017 to block drilling on state-owned land (by blocking how royalty revenue is used).
    Read More “PEDF Loses PA Supreme Court Case to Block DCNR Budget”

  • Energy Companies | ESG | Industrywide Issues | Seneca Resources

    MiQ Certifies 100% of Seneca Resources’ 1 Bcf/d of M-U Production

    August 18, 2022August 18, 2022

    Seneca Resources, a 100% subsidiary and the drilling arm of National Fuel Gas Company, announced on Tuesday that the company has achieved an “A” certification grade under the MiQ Standard for Methane Emissions Performance (MiQ Standard), the highest available certification level MiQ awards, for all of the company’s 1+ billion cubic feet per day (Bcf/d) of natural gas production in the Marcellus/Utica. Seneca can now claim it produces responsible gas and the molecules can be traded/bundled on the MiQ Digital Registry.
    Read More “MiQ Certifies 100% of Seneca Resources’ 1 Bcf/d of M-U Production”

  • Energy Services | Industrywide Issues | Pipelines | Regulation | Transco | Williams

    Future FERC Approvals for Pipes May Hinge on Transco’s REA in NJ

    August 18, 2022August 18, 2022

    It used to be that freedom and justice and capitalism were baked into our psyche via the U.S. Constitution. All of those things–freedom, justice, and capitalism–are rapidly disappearing. They are replaced with totalitarian statism. The people we “elect” actually think we serve them and that they tell us what we can and can’t do. Example: A pipeline expansion (looping pipe and expanding some compressor stations) by Williams in the Marcellus/Utica is now imperiled by authoritarians in New Jersey.
    Read More “Future FERC Approvals for Pipes May Hinge on Transco’s REA in NJ”

  • Energy Services | Equitrans/EQT Midstream | Industrywide Issues | Pipelines | Regulation | Statewide WV | West Virginia

    Antis Gear Up to Defeat Manchin-Schumer Save MVP “Permitting” Bill

    August 18, 2022August 25, 2022

    U.S. Senator from West Virginia, Joe Manchin, supposedly “secured an agreement” to fast-track the completion of the 94% completed Mountain Valley Pipeline (MVP) in return for selling out the entire country by voting for the Big Green “Build Back Better” bill, renamed to the laughable “Inflation Reduction Act” (see Joe Manchin Cuts MVP “Deal” in Return for Selling Out Country). Dementia Joe (Biden) signed the bill into law on Tuesday (see Confusion Over How to Implement New Methane Tax in Inflation Bill). As we predicted in our many warnings about this bill and Manchin’s betrayal, the so-called “side deal” to vote on a bill allowing MVP to get done is far from a sure thing. Already Big Green groups and their sycophants in Congress are threatening to vote against the bill, breaking a promise to Manchin.
    Read More “Antis Gear Up to Defeat Manchin-Schumer Save MVP “Permitting” Bill”

  • Industrywide Issues | Research

    EY Report of 50 Biggest E&Ps Shows 2021 Recovery, ESG Focus

    August 18, 2022August 18, 2022

    Powerhouse consulting and accounting firm Ernst & Young (YN) has just published and released a new study called “US oil and gas reserves, production and ESG benchmarking study” (full copy below). The EY study shows U.S. oil and gas producers “recovered and reset” in 2021, posting increased profits of $73.7 billion and $211.9 billion in revenues, with significant deal activity that drove $144.1 billion in capital expenditures. The study documents how the industry’s 50 largest publicly traded exploration and production (E&P) companies responded to higher commodity prices in 2021 with an analysis of reserve and production information, as well as their environmental, social, and governance (ESG) disclosures.
    Read More “EY Report of 50 Biggest E&Ps Shows 2021 Recovery, ESG Focus”

  • Anti-Drilling/Fossil Fuel | Industrywide Issues | New York | NGLs | Regulation | Statewide NY

    Propane Industry Fights Back Against Radicals in New York

    August 18, 2022August 18, 2022
    Bill Overbaugh, executive director of the New York Propane Gas Association

    The propane industry in New York State is in a fight for its life. New York State’s so-called Climate Act (passed in 2019) requires New York to reduce greenhouse gas emissions 40% by 2030, and no less than 85% by 2050, from 1990 levels. So far, the Climate Action Council (CAC), which is tasked with developing a framework for implementing these impossible goals, has proposed outright bans on fossil fuels in favor of electrification. Just two of the 22-member committee represent the fossil fuel industry (which passes for fair and balanced in NY). The New York Propane Gas Association (NYPGA) is fighting back against the crazies who demand an end to the use of propane in the state. Learn how the NYPGA is responding, below.
    Read More “Propane Industry Fights Back Against Radicals in New York”

  • Hydraulic Fracturing | Industrywide Issues | New York | Regulation | Statewide NY

    NY Republican Candidate for Governor Wants to Reverse Frack Ban

    August 18, 2022August 18, 2022

    Candidate for governor of New York State running on the Republican line, Lee Zeldin, is pushing to reverse the now-permanent ban on fracking in the state. The frack ban was enacted into law as part of a sneaky budget bill Andrew Cuomo signed in 2020 while everyone was distracted with COVID (see Cuomo PERMANENTLY Bans NY Fracking in Now-Adopted Budget). One of Zeldin’s key campaign planks is to allow fracking for natural gas (and oil) in the state. Is this possible? Or is it false hope?
    Read More “NY Republican Candidate for Governor Wants to Reverse Frack Ban”

  • Best of the Rest

    Other Stories of Interest: Thu, Aug 18, 2022

    August 18, 2022August 18, 2022

    NATIONAL: Oil rallies as strong US demand eases recession fears; EIA expects production of global liquid fuels to outpace consumption in 2022; U.S. LNG upside seen limited by pipeline capacity constraints; Amid lackluster production, $13 natural gas said possible; Oil giants must face climate-liability suits in states, appeals court rules; Europeans risk death by cold for green folly, and we could be next; Private-equity firms with oil-and-gas focus defend sector; INTERNATIONAL: NFE, Apollo complete $2B LNG maritime joint venture.
    Read More “Other Stories of Interest: Thu, Aug 18, 2022”

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