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Marcellus Drilling News
  • Hydraulic Fracturing | Industrywide Issues | Pennsylvania | Research | Statewide PA

    First Signs Appear that Cancer/Fracking in Kids Study in Trouble

    October 3, 2022October 3, 2022

    Nearly two years ago, Gov. Tom Wolf announced a $2.5 million contract had been awarded to the University of Pittsburgh Graduate School of Public Health to “conduct research on the potential health effects of hydraulic fracturing in Pennsylvania” (see Pitt Researchers Get $2.5M for Fake Study to Link Shale & Kid Cancer). As we pointed out from the beginning, to study a single potential cause for cancer (fracking) and not any other causes (like a nearby abandoned uranium dump), is not real science. We’ve been critical of Pitt researchers, but maybe they are attempting real science after all. Why? The typical tight coalition of Big Education and Big Green is beginning to break down. Pitt researchers will not participate in a meeting being organized by anti-fossil fuel zealots that supposedly would provide an update on the so-called fracking-causes-cancer study.
    Read More “First Signs Appear that Cancer/Fracking in Kids Study in Trouble”

  • CNG/LNG | Commodity Price | Exporting | Industrywide Issues | Research

    Reuters Says U.S. Must Ramp Up Gas Production Due to LNG Exports

    October 3, 2022October 3, 2022

    According to a column by a Reuters analyst, U.S. natural gas production will need to increase significantly to continue growing LNG exports while ensuring natgas remains affordable for domestic electric power producers, households, and industrial users. This is the first article (we’ve seen) that puts numbers to the claim that LNG exports are beginning to drive the price of domestic natgas to higher levels.
    Read More “Reuters Says U.S. Must Ramp Up Gas Production Due to LNG Exports”

  • Anti-Drilling/Fossil Fuel | Industrywide Issues

    Princeton U. Announces “Dissociation” from Fossil Energy

    October 3, 2022October 3, 2022

    Princeton University’s endowment, the fourth largest in the U.S., is bowing to cancel culture and is going to divest any holdings it has in some (but not all) fossil energy companies, including Exxon Mobil and Suncor Energy. Princeton is in good company with other Ivy League dunces, including Cornell University (see Cornell U Capitulates to the Crazies; Divesting from Fossil Fuels). However, Princeton may want to speak with their counterparts at Yale University. Yale began down the road of divestment from fossil energy companies, then pulled back earlier this year (see Yale Reverses Divestment, Re-invests in M-U Driller Antero Resources). And Princeton may want to speak with the pension fund managers at the California Public Employees’ Retirement System (CalPERS), which has suffered devastating losses over the past decade after divesting from fossil energy companies (see Dark Side of ESG – Huge Losses for Investors, High/Regressive Taxes).
    Read More “Princeton U. Announces “Dissociation” from Fossil Energy”

  • Energy Companies | EQT Corp | Industrywide Issues | M&A | Statewide WV | Tug Hill Operating | West Virginia

    A Closer Look at EQT’s $5.2B Purchase of Tug Hill’s THQ Appalachia

    October 3, 2022October 3, 2022

    In September, EQT Corporation announced it is buying Tug Hill Operating’s West Virginia shale assets for $5.2 billion (see Confirmed: EQT Buys Tug Hill’s THQ Appalachia for $5.2 Billion). The deal adds 90,000 acres and 800 MMcf/d (million cubic feet per day) of production to EQT’s existing, massive, portfolio. Although we shared many of the details about the transaction (as provided by EQT), RBN Energy has done a deeper dive into the deal, looking at what it means for EQT, and what it means for the entire region.
    Read More “A Closer Look at EQT’s $5.2B Purchase of Tug Hill’s THQ Appalachia”

  • Antero Resources | Energy Companies | ESG | Industrywide Issues

    Antero Resources Issues Annual ESG Report for 2021

    October 3, 2022October 3, 2022

    There’s ESG, and then there’s ESG. We’ve tried to make this distinction a number of times, and will use the latest ESG report issued by Antero Resources to make the distinction again. When a huge (very important) company like Antero Resources, a natural gas driller focused on West Virginia, talks about ESG (or Environmental, Social, and Governance), it’s talking about all of the things the company does to prove to wackos that it behaves in an environmentally responsible manner when extracting hydrocarbons out of the ground. When the wackos talk about ESG, they mean (a) get everyone to divest from fossil energy, and (b) if a company happens to be in the fossil energy business, it needs to move away from extracting oil and gas and toward investing in sketchy so-called renewable energy sources.
    Read More “Antero Resources Issues Annual ESG Report for 2021”

  • Anti-Drilling/Fossil Fuel | Energy Companies | Exporting | Exxon Mobil | Industrywide Issues | Regulation

    Exxon Says Granholm is Crazy for Demanding Less Oil/Diesel Exports

    October 3, 2022October 3, 2022

    In August, Jennifer Granholm, hands down the most incompetent Secretary of Energy ever to hold the office, sent a letter to seven major refinery companies threatening them that if they don’t scale back exports of gasoline, diesel, and other liquid petroleum products, Granholm will have old dementia Joe whip up an executive order slapping a ban on such exports (see Biden DOE Threatens Refineries: Export Less Gas & Diesel, or Else). She made ’em an offer they can’t refuse. Yet at least one of them, Exxon Mobil, has refused it–sending a letter back to Granholm telling her (our words, their sentiment) that she’s crazy.
    Read More “Exxon Says Granholm is Crazy for Demanding Less Oil/Diesel Exports”

  • Research

    New Research Shows How to Convert Methane to Methanol with Low CO2

    October 3, 2022October 3, 2022
    methanol

    Brazilian researchers have discovered a way to convert methane into liquid methanol at room temperature. This is a big deal because methanol burns more cleanly (less carbon dioxide emissions) than burning methane (i.e. natural gas). This new process uses light and scattered transition metals such as copper in a process known as photo-oxidation. Conventional methods of converting methane into methanol require a lot of heat and pressure that generates a significant amount of CO2 as a byproduct. There’s no real advantage to burning methanol created that way. This discovery sidesteps the heat and pressure needed to convert methane into methanol.
    Read More “New Research Shows How to Convert Methane to Methanol with Low CO2”

  • Best of the Rest

    Other Stories of Interest: Mon, Oct 3, 2022

    October 3, 2022October 3, 2022

    MARCELLUS/UTICA REGION: Schumer and Pelosi could have helped; NATIONAL: U.S. oil execs fear recession, nagging supply shortages; INTERNATIONAL: Oil posts first quarterly loss in two years as recession fears grow; Well done everyone, we’ve let China become the real energy superpower.
    Read More “Other Stories of Interest: Mon, Oct 3, 2022”

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