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Marcellus Drilling News
  • Accidents | Energy Services | Equitrans/EQT Midstream | Industrywide Issues | Pennsylvania | Pipelines | Washington County

    Tiny Fire Quickly Extinguished at Equitrans Pipe Metering Stn SWPA

    November 7, 2022November 7, 2022

    On Friday, November 4, at approximately 6:45 am, the Bentleyville Fire Department responded to a 911 call by a resident regarding a small fire near Equitrans Midstream’s H-108 natural gas transmission line, located in Bentleyville Borough, Washington County, PA. Apparently, a valve caught fire. The fire was small and contained and was extinguished by 7:30 am. No injuries, no big explosions–overall a pretty minor incident. However, just to be safe, the nearby Bentworth School District canceled classes for the day, which of course, made the headlines in nearby Pittsburgh and gave anti-fossil fuel chatterers something to chatter about.
    Read More “Tiny Fire Quickly Extinguished at Equitrans Pipe Metering Stn SWPA”

  • Coterra Energy (Cabot O&G) | Energy Companies | Pennsylvania | Susquehanna County

    Coterra 3Q – Reserves Down 32-36%, Upper vs. Lower Marc. Testing

    November 7, 2022November 7, 2022
    click for larger version

    Coterra Energy was formed one year ago (October 2021) when Cabot Oil & Gas merged with Cimarex Energy. Coterra issued its third quarter update yesterday. The company made $1.2 billion in profit last quarter, versus making just $64 million a year ago. Natural gas production in the Marcellus was 2.21 Bcf/d, down just a tick from 2.36 Bcf/d produced in 3Q21. The company generated over $1 billion in free cash flowing during 3Q. Coterra uses its free cash flow to issue dividends, buy back shares, and retire debt sooner. Even with all the good news, a little bit of “bad” news spooked the stock market. Coterra said its Marcellus reserves (gas in place that can be economically extracted) went down by 32-36%. Coterra’s stock tumbled as much as 8% during trading on Friday. The stock price has begun to recover.
    Read More “Coterra 3Q – Reserves Down 32-36%, Upper vs. Lower Marc. Testing”

  • Energy Companies | Olympus/Huntley & Huntley | Pennsylvania | Westmoreland County

    Olympus Energy’s 4th Upper Burrell Well Pad Wins Unanimous Approval

    November 7, 2022November 7, 2022

    Upper Burrell (Westmoreland County, PA) town supervisors held a hearing last Wednesday, and following that hearing, voted unanimously to approve a new well pad proposed by Olympus Energy. This is the fourth such well pad approved by the town. Unlike previous meetings, no one (of the 20 or so residents attending) objected to the project. The well pad is 630 feet or more from about 20 homes–which is farther than the state-required setback of 500 feet.
    Read More “Olympus Energy’s 4th Upper Burrell Well Pad Wins Unanimous Approval”

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

    Partisan “Environmental” Groups Spend Millions to Boost Shapiro

    November 7, 2022November 7, 2022

    A group of so-called environmental organizations that are IRS tax-exempt is really nothing more than a political front for the Democrat Party. We’re talking about PennEnvironment, Conservation Voters of Pennsylvania, and the odious National Resources Defense Council (NRDC), three groups that have collectively poured nearly $5 million into advertisements this election cycle supporting the anti-drilling, anti-fracking, anti-Marcellus Josh Shapiro. Why these organizations are still tax-exempt is a mystery to us, as they are completely partisan (Democrat), a violation of the federal tax code.
    Read More “Partisan “Environmental” Groups Spend Millions to Boost Shapiro”

  • Allegheny County | CNX Resources | Energy Companies | ESG | Industrywide Issues | Pennsylvania | Washington County

    CNX Underwrites Office Space for Nonprofits, Small Biz in SWPA

    November 7, 2022November 7, 2022

    We continue to be impressed with CNX Resources and its CEO Nick DeIuliis. CNX and the CNX Foundation are having a huge impact on the southwestern Pennsylvania (and tri-state) region where the company operates. In the past, we’ve told you about CNX and the work it is doing supporting underserved communities and populations in the tri-state region with $30 million in donations (see CNX Walks the Walk – Shows Disadvantaged Kids Path to Self Worth). CNX has done it again. This time the company is using some of its own office space, leasing it on the cheap as a “co-working” space for nonprofits and small minority and women-owned businesses in southwestern PA to use.
    Read More “CNX Underwrites Office Space for Nonprofits, Small Biz in SWPA”

  • Anti-Drilling/Fossil Fuel | Electrical Generation | Industrywide Issues

    Anti-Drilling Zealots Continue Attacks on Tiny Mass. Peaker Plant

    November 7, 2022November 7, 2022

    Anti-fossil fuel zealots in Massachusetts are taking aim at a small “peaker” power plant that would generate up to 55 megawatts of electricity purely as a backup. The plant will be off most of the time, yet antis are attacking the plant like it’s radioactive. The small peaker plant is planned for Peabody, MA. The ultramodern plant (very low emissions) would be located next to two older peaker plants. Yet antis claim (falsely) that it will exacerbate problems in that region that “already experience higher rates of cancer, chronic kidney disease, chronic obstructive pulmonary disease, coronary heart disease and stroke.” A fake report from the Massachusetts Climate Action Network says the peaker, which will be off most of the time, will make it worse for those living in the region.
    Read More “Anti-Drilling Zealots Continue Attacks on Tiny Mass. Peaker Plant”

  • Anti-Drilling/Fossil Fuel | Electrical Generation | Industrywide Issues | Regulation

    Biden EPA Attacks, Blocks Work on Wisconsin Gas-Fired Power Plant

    November 7, 2022November 7, 2022
    Rendering of the Nemadji Trail Energy Center facility. Courtesy of Minnesota Power

    In September, MDN told you about a relatively modest-sized gas-fired power plant planned for Superior, Wisconsin, called the Nemadji Trail Energy Center (see Midwest Elec Grid Roasted for Supporting New Gas-Fired Power Plant). As we pointed out in that post, the Midcontinent Independent System Operator (MISO) supports the project, which earned it scorn from climate cultists. The left is doing everything they can to stop the plant, including the Biden EPA. The EPA said a review of the project failed to take into account how much mythical global warming it will create.
    Read More “Biden EPA Attacks, Blocks Work on Wisconsin Gas-Fired Power Plant”

  • Best of the Rest

    Other Stories of Interest: Mon, Nov 7, 2022

    November 7, 2022November 7, 2022

    MARCELLUS/UTICA REGION: ‘Shalennial’ US gas salesman wants to kill global coal; Aging gas lines to be replaced across Bluefield; OTHER U.S. REGIONS: Offshore CCS projects could breath new life into Gulf of Mexico; Massachusetts wind power project ‘no longer viable’; NATIONAL: Manchin: Biden’s coal comments are ‘divorced from reality’; Shell and GE Gas Power pursue LNG decarbonisation path using hydrogen; U.S. electric-generating capacity for combined-cycle natural gas turbines is growing; INTERNATIONAL: COP27: rich countries should help pay for global warming elsewhere; Fracking firms plan £1bn legal fight over UK fracking ban.
    Read More “Other Stories of Interest: Mon, Nov 7, 2022”

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