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Marcellus Drilling News
  • ESG | Industrywide Issues

    19 State AGs Investigate “Woke” Morningstar for ESG, Anti-Semitism

    August 22, 2022August 25, 2022

    Morningstar provides what it calls “independent” research, ratings, and tools to help people invest. One of the so-called ratings is Morningstar’s environmental, social, and governance (ESG) investing ratings for companies. The ESG measurement is a clever way of steering investors (investors representing big funds worth billions of dollars) away from investing in fossil energy companies. Missouri Attorney General Eric Schmitt and the AGs from 18 other states (19 AGs in all) have launched an investigation into Morningstar’s ESG rating system that “plays politics with pensions and real people’s livelihoods.”
    Read More “19 State AGs Investigate “Woke” Morningstar for ESG, Anti-Semitism”

  • Industrywide Issues | Pennsylvania | Regulation | Statewide PA

    PA DEP Hints May Not Make Sept 1 Deadline for Conventional Review

    August 22, 2022August 22, 2022

    In late July, Pennsylvania Gov. Tom Wolf, controlled by the extreme left in the Democrat Party, allowed PA House Bill (HB) 2644 to become law without his signature (see New PA Act 96 Helps Boost Plugging Orphan Wells – Left Goes Nuts). Wolf took a big hit from the lunatics in his own party following his inaction on 2644. So he tried to make up for it by publishing a notice in the Pennsylvania Bulletin to justify his action of allowing 2644 to become law (now called Act 96), and to instruct the state Dept. of Environmental Protection (DEP) to conduct a comprehensive review of conventional oil and gas driller compliance–and to do it by September 1st (see PA Gov. Wolf Instructs DEP to Draft New Regs Following Act 96). In a meeting with the PA Department of Community & Economic Development (DCED) last week, acting Secretary of the DEP, Kurt Klapkowski, said the September 1st deadline is “aggressive.”
    Read More “PA DEP Hints May Not Make Sept 1 Deadline for Conventional Review”

  • Energy Companies | Equinor/Statoil | Hydrogen | Industrywide Issues | Shell

    Shell/Equinor/US Steel Make Their Own Play for Hydrogen Hub

    August 22, 2022August 22, 2022

    Looks like $2 billion is just too much of a temptation for Shell, Equinor (formerly known as Statoil), and U.S. Steel to resist. Those three companies have been a part of a joint effort with EQT, Williams, Southwestern Energy, and a few other companies in a group called Appalachian Energy Future (AEF), which was supposed to be the “one ring to rule them all” group aimed at enticing a hydrogen hub to one of the three Marcellus/Utica states (see EQT, Shell, Others Launch CCUS/Hydrogen Hub Initiative for OH-PA-WV). While Shell, Equinor, and U.S. Steel are not quitting AEF, the three together announced they would file their own application to attract the hydrogen hub (and its $2 billion) for themselves. Sounds kind of greedy, no? It also sounds kind of scattered and confusing.
    Read More “Shell/Equinor/US Steel Make Their Own Play for Hydrogen Hub”

  • Diversified Energy | Energy Companies

    Diversified to Tap into $700M from Manchin’s High Inflation Law

    August 22, 2022August 22, 2022

    Now we know why Diversified Energy liked Traitor Joe Manchin’s sell-out Green New Deal law, also falsely referred to as the Inflation Reduction Act (see Some M-U Companies Like Manchin-Schumer High Methane Tax). It seems tucked into the bill is a taxpayer-funded giveaway of $700,000,000.00 (yes, $700 million) to be used for plugging old conventional oil and gas wells. It just so happens Diversified has built a new subsidiary, called Next LVL Energy, to do just that (see Diversified Energy Buys 3rd Well Plugging Co. – WV’s ConServ).

    NOTE: Please see an update and clarification immediately below.
    Read More “Diversified to Tap into $700M from Manchin’s High Inflation Law”

  • Industrywide Issues | Public Opinion | Statewide WV | West Virginia

    Survey: 80% of West Virginians Support Oil and NatGas Drilling

    August 22, 2022August 22, 2022

    A recent survey commissioned by the Gas and Oil Association of West Virginia Inc. (GO-WV) found that 81% of West Virginians support natural gas and oil drilling in the state. That is a staggering, overwhelming majority! Nearly as many (close to 80%) favor policies that increase domestic oil and gas drilling and the completion of pipeline projects, in order to ease inflation. Some 52% of West Virginians ranked inflation as the most important issue facing the state (the top vote-getter). Although the survey results don’t mention it, we wonder how many West Virginian’s are disappointed with Sen. Manchin for his role in increasing inflation with the recent Big Green bill (aka Inflation Reduction Act) signed into law with the help of Manchin?
    Read More “Survey: 80% of West Virginians Support Oil and NatGas Drilling”

  • Anti-Drilling/Fossil Fuel | Industrywide Issues | Pennsylvania | Research | Statewide PA

    Yale Prostitutes Itself – Says Fracking Linked to Leukemia in PA Kids

    August 22, 2022August 22, 2022

    Along with Harvard, Yale University used to be one of the top two higher ed schools in the country. Wow, how the mighty have fallen! Yale is a husk, a shell of what it once was. Yale now puts political ideology above science and generates garbage, calling it “research.” Yale is experiencing some major cognitive dissonance. At various points over the past decade, Yale researchers have claimed fracking does NOT contaminate water aquifers (see Yale Study Finds Fracking Doesn’t Contaminate Water Aquifers) and that fracking does not affect water wells in Pennsylvania specifically (see New Yale U Study Finds Fracking Does Not Affect PA Water Wells). But then other researchers at Yale have claimed fracking causes STDs (see Recycled Pap: Yale Study Says Fracking Causes STDs in Mult. States), and the university is attempting to brainwash everyone into dropping the use of the term “natural gas,” attempting to replace it with something, anything else (see Why is Yale U Trying to Change Name of NatGas & Who is Funding It?). Now comes a “study” (which is no such thing) claiming little kids who grow up near fracked wells in PA are twice as likely to get cancer. How low can you possibly go?
    Read More “Yale Prostitutes Itself – Says Fracking Linked to Leukemia in PA Kids”

  • Best of the Rest

    Other Stories of Interest: Mon, Aug 22, 2022

    August 22, 2022August 22, 2022

    MARCELLUS/UTICA REGION: Kromer is named to OOGA post; NATIONAL: Berkshire Hathaway seeks to buy as much as 50 percent of Oxy; I like ESG—but not for the reason you think; As U.S. races toward 30 Bcf/d of LNG exports, what could it mean for upstream markets?; INTERNATIONAL: Nord Stream 1 pipeline from Russia to Europe to shut for three days; Europe’s gas price is now equivalent to $410 per barrel of oil.
    Read More “Other Stories of Interest: Mon, Aug 22, 2022”

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