EIA Nov. DPR Shows Healthy Gain for M-U, but Haynesville Roars
The Marcellus/Utica has been getting its collective butt kicked by both the Haynesville Shale and Permian Basin with respect to adding new quantities of natural gas production, according to recent editions of the Drilling Productivity Report (DPR) published monthly by the U.S. Energy Information Administration (EIA). The latest DPR, published yesterday, shows an improvement for the M-U. Between November and December, EIA predicts the M-U will add another 135 MMcf/d (million cubic feet per day) of new production. However, the Permian will add 125 MMcf/d for the same period, and the Haynesville will add a huge 174 MMcf/d. The Haynesville continues to catch up to M-U production, although we still produce more than twice what the Haynesville produces (35.6 Bcf/d vs. 16.3 Bcf/d, respectively).
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John Deskins, director of the Bureau of Business & Economic Research at West Virginia University, told members of the state legislature’s Joint Committee on Natural Gas Development at a meeting on Monday that the severance tax on natural gas production in the state is responsible for more than 20% of the state’s record-breaking tax revenue surpluses. Natural gas severance tax collections between July and October accounted for approximately 20% of the $575 million in total general revenue fund surplus tax revenue during that time period.
The Freeport LNG export facility, located in Quintana Island, Texas (near Houston), experienced an explosion and fire in early June (see 
The Bidenistas waited until the UN’s 2022 Climate Change Conference, called COP 27, was up and running (in Egypt) before *going to Egypt* to announce their latest attack on the oil and natural gas industry. At COP27 in Sharm el Sheikh, Egypt, the U.S. Environmental Protection Agency (EPA) announced it is “strengthening its proposed standards to cut methane and other harmful air pollution” in the oil and gas industry. In other words, yet another massive power grab in attempting to regulate oil and gas at the federal level, instead allowing O&G to be regulated at the Constitutionally-designated state level.
Last year the Bidenistas initiated a massive power grab to transfer the right of individual states to regulate local natural gas gathering pipelines to the federal government (see 
The left, and many on the right, are banking on hydrogen to be the next BIG THING in energy. Hydrogen fuel cell cars and burning hydrogen to heat your home are just two huge applications people dream will come true in the next 20 years. Of course, they’ve been dreaming about hydrogen for more than 50 years, but the history of hydrogen is for another post. We pay attention to hydrogen because 95% of all hydrogen today is produced by steam cracking natural gas. Ergo, hydrogen has the potential to be a big, important, new customer for our molecules. Everyone and his brother is making predictions about the market for hydrogen over the next 30 years. Norwegian company DNV has its own prediction, the “Hydrogen Forecast to 2050.”
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