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Marcellus Drilling News
  • Forced Pooling | Industrywide Issues | Litigation | Statewide WV | West Virginia

    WV Appeals Lawsuit re Forced Pooling Law to Higher Fed Court

    December 22, 2022December 22, 2022

    Another twist in the effort to overturn a bill passed earlier this year by the West Virginia legislature, Senate Bill (SB) 694, which finally brings forced pooling for shale wells to the Mountain States after eight years of trying (see WV House Passes Forced Pooling Bill, Done Deal When Gov Signs). Earlier this month, a lawsuit brought by two West Virginia landowners seeking to overturn the state’s new forced pooling (i.e. unitization) law was put on pause by a federal judge (see WV Landowner Lawsuit to Block Forced Pooling Law Dealt Another Blow). The federal judge said the lawsuit belongs in state court. West Virginia officials disagree and have appealed his ruling to the next rung up the federal court ladder.
    Read More “WV Appeals Lawsuit re Forced Pooling Law to Higher Fed Court”

  • Anti-Drilling/Fossil Fuel | Industrywide Issues

    How Private Producers Finance New Drilling with Bank Lines Drying Up

    December 22, 2022December 22, 2022

    We’ve extensively covered the issue of Big Banks and Big Investment Firms turning against and refusing to fund fossil energy companies. Financial institutions are routinely hounded by radicalized leftists to deny funding to oil and gas companies, and sadly, many banks and investment firms have caved to the pressure. The attorneys general and state treasurers in “red” states are fighting back by pulling state business (and pension funds) from said companies, like BlackRock (see More States Look to Blacklist BlackRock, Other ESG-Focused Funds). The fact remains that oil and gas companies, large and small, still need to tap lines of credit to keep operations humming along. What does a small, privately-owned company (shares not traded on an exchange) do to keep the money flowing? Something creative.
    Read More “How Private Producers Finance New Drilling with Bank Lines Drying Up”

  • Antero Resources | Energy Companies | EQT Corp | Southwestern Energy

    Zacks Tells Investors to Keep an Eye on These 3 M-U Producers

    December 22, 2022December 22, 2022

    Zacks is one of the top investment research firms focusing on stock research, analysis, and recommendations. A new alert issued by Zacks says natural gas is “significantly healthier this year than last year,” and because of that, it’s “high time for energy investors” to keep an eye on three natural gas producers in particular. They all happen to be top Marcellus/Utica gas producers. The names of the three drillers will not surprise you.
    Read More “Zacks Tells Investors to Keep an Eye on These 3 M-U Producers”

  • Industrywide Issues | Pipelines | Regulation

    What FERC Got Wrong re New Certificate for Spire STL Pipeline

    December 22, 2022December 22, 2022
    click for larger version

    Last week the Federal Energy Regulatory Commission (FERC) issued a second permanent certificate to operate the 65-mile Spire STL Pipeline that connects to and flows Marcellus/Utica gas from the Rockies Express (REX) pipeline in Scott County, IL, to residents and businesses in the St. Louis, MO area (see FERC Issues New Permanent Certificate for Spire STL Pipeline). Spire submitted a strong case of demonstrated “need” to FERC, aided in that effort by the experts at RBN Energy. Unfortunately, FERC’s Democrat commissioners pretty much ignored that strong case of need even as they voted to approve the project. RBN pulls back the curtain to show us what went on behind the scenes and why FERC’s decision, while welcome news, is also disturbing.
    Read More “What FERC Got Wrong re New Certificate for Spire STL Pipeline”

  • Energy Companies | Industrywide Issues | Pennsylvania | Regulation | Shell | Statewide PA

    Shell PA Cracker Great Example of Business & Gov’t Working Together

    December 22, 2022December 22, 2022

    Kevin Sunday, director of government affairs with the Pennsylvania Chamber of Business and Industry, recently published an op-ed in the Pittsburgh Post-Gazette pointing out how the mighty Shell ethane cracker plant in Beaver County, PA, is the result of business and government (bipartisan government) working together. He makes the case that we need more of this type of thing, especially with many new faces coming to Harrisburg in January. We frankly wonder if hoping for bipartisan cooperation on fossil energy projects in the current political climate is just spitting in the wind.
    Read More “Shell PA Cracker Great Example of Business & Gov’t Working Together”

  • Anti-Drilling/Fossil Fuel | Industrywide Issues | Pipelines

    U.S., Canada NatGas Output to Hit Ceiling in 2023 – Lack of Pipes

    December 22, 2022December 22, 2022

    According to an article by Reuters, U.S. and Canadian natural gas output “could hit growing pains in 2023.” U.S. and Canadian natural gas production is expected to hit new all-time record highs in 2023. However, growth in production is slowing, and likely to hit a ceiling in 2023. Why? Lack of pipelines that can shuttle molecules from places like the Marcellus/Utica to the Gulf Coast, where petrochemical plants and LNG export facilities can use all of the gas they can get. We could produce more here in the M-U–a LOT more. But we can’t, because we have no way to transport the extra production.
    Read More “U.S., Canada NatGas Output to Hit Ceiling in 2023 – Lack of Pipes”

  • Hydrogen | Industrywide Issues

    UK Village Tapped to be Lab Rats in Forced Hydrogen Conversion

    December 22, 2022December 22, 2022

    The great energy savior many on the left (and the right) are pushing is hydrogen. Never mind that hydrogen is extremely explosive (far more so than natural gas). And never mind that hydrogen is leaky (far more than natural gas because it’s lighter). Hydrogen’s chief advantage is that when it burns, it does not create carbon dioxide–the stuff you breathe out with every breath your take. Some utility companies have conducted small experiments to blend in 5-10% of hydrogen with natural gas to see how it goes. Will stoves and furnaces work OK with hydrogen blended? The Brits aren’t bothering with an incremental approach. They have selected and will FORCE some 2,000 homes in northwest England to convert to 100% hydrogen. No frittering around with half-measures and blending. People in the target village are using terms like “guinea pigs” and “lab rats” to describe their forced conversion to hydrogen.
    Read More “UK Village Tapped to be Lab Rats in Forced Hydrogen Conversion”

  • Best of the Rest

    Other Stories of Interest: Thu, Dec 22, 2022

    December 22, 2022December 22, 2022

    NATIONAL: ExxonMobil now larger than Tesla; INTERNATIONAL: Osaka Gas, Tallgrass partner to advance Japan’s climate objectives.
    Read More “Other Stories of Interest: Thu, Dec 22, 2022”

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