PA DEP Solicits Bids to Plug First 50 Orphaned Wells Using Fed $$
Never believe that the government can do anything quickly–except destroy an economy. Nearly a year ago, President Biden signed into law the so-called Infrastructure bill, some $1.2 trillion in pork barrel spending, passed with the help of turncoat Republicans (see Biden So-Called $1.2T Infrastructure Bill Passes Thanks to RINOs). Only about 9% of that $1.2 trillion will go to actual infrastructure projects like roads and bridges. One of the line items in the bill (so small it’s a rounding error) is money to plug orphaned and abandoned oil and gas wells. The Pennsylvania Dept. of Environmental Protection (DEP) is finally about to use some of that money to plug 50 wells–out of an estimated 100,000+ such abandoned wells in the state. Now almost a year after the bill was signed into law.
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U.S. natural gas prices closed at a fresh six-week low of $7.75/MMBtu yesterday. The Wall Street Journal says the natural gas market has lost its bullish momentum due to a lack of hurricanes off the Texas coast. U.S. production has reached triple digits for the first time ever, topping 100 Bcf/d, as we reported yesterday (see 
In early August, MDN reported that Marcellus driller Coterra Energy had made $1.2 billion in profit during the second quarter of 2022 (see 
A Democrat-led, partisan nonprofit calling itself Energy Future PA was launched yesterday. The anti-drilling former PA Auditor General, Eugene DePasquale (Democrat), is co-chair. The new group is also co-chaired by a RINO (Republican in Name Only)–former State Rep. Marguerite Quinn. Don’t get snookered by the fluffy platitudes from this organization. Make no mistake, Energy Future PA is partisan with a bent against shale energy.
EnerStar Solutions is a Canadian-based, privately-owned company providing goods and services to remote sites (i.e. drilling sites). The kinds of things EnerStar provides include accommodations, communications, power, lighting, and more. The company’s key areas of operation include the Marcellus/Utica, Permian, Delaware, and Bakken shale regions. EnerStar is growing. Yesterday the company announced it is buying Civeo Corporation’s U.S. wellsite service business for an undisclosed amount. Civeo is a global provider of hospitality services and workforce accommodations.
A shortage in LNG (liquefied natural gas) carriers is causing prices to rent/hire those carriers to skyrocket, and the high price of the carriers is being called a new “threat” to world energy supplies. So says a new article by Bloomberg. Natural gas traders and ship owners are warning that the ship shortage threatens to impact Asian economies that import oil and gas from the U.S., as they may find it difficult to get spare cargoes on short notice if the weather turns extremely cold this winter.
The left just never stops, never gives up in its quest to control EVERY aspect of your life. The gold ring, the pinnacle, is to control your energy sources. Hence the hoax of global warming, supposedly caused by mankind. A new “tool” concocted by the far-left Carbon Tracker organization, called the 
MARCELLUS/UTICA REGION: ARC federal co-chair Gayle Manchin tours PA Wilds conservation shop; Vance challenges, Ryan defends record on energy policy; OTHER U.S. REGIONS: Texas oil and gas employment still rising; NATIONAL: Fitch Solutions discusses gas to oil switching; There’s no celebrating the Inflation Reduction Act; Why U.S. shale producers aren’t riding to the rescue; VC interest in postcombustion carbon removal soars; INTERNATIONAL: German utilities close to long-term LNG deals with Qatar.