Canadian Bitcoin Operator Completes Purchase of WNY Gas-Fired Plant
Last September, the New York Public Service Commission (PSC), which oversees and regulates public utilities, approved the takeover of the Fortistar gas-fired power plant in North Tonawanda, NY, a town close to Niagara Falls, by Canadian crypto mining company Digihost. In December, the Federal Energy Regulatory Commission (FERC) offered its blessing too. All of which prompted the radicals of Earthjustice, representing two other disgusting radical groups–the Sierra Club and Clean Air Coalition of Western New York–to sue (see Green Radicals Sue NYS for Approving Niagara Falls Bitcoin Plant). Fortunately, the lawsuit didn’t stop the transfer, which happened yesterday. Digihost now owns the facility.
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A pair of announcements yesterday gave us a little peek into the numbers Range Resources will release later this month as part of its quarterly update. In one update, Range (the very first driller to sink a Marcellus well back in 2004) reported averaging 2.2 billion cubic feet equivalent per day (Bcfe/d) for production in the Marcellus/Utica region during the fourth quarter of 2022. A separate announcement said Range’s proved reserves for all of 2022 hit 18.1 trillion cubic feet equivalent (Tcfe), up 2% over the prior year.
Have you ever heard of reviving an expired lease through retroactive pooling and unitization? We sure hadn’t. But apparently, it’s a thing in the Marcellus region. According to the legal beagles at Pittsburgh energy law firm Houston Harbaugh, in some cases, landowners with leases that were expired are being notified those leases are now part of an amended (back-dated) declaration of pooling, which shows a date prior to the lease expiring.
Please don’t tell us politicians like Massachusetts Gov. Maura Healey and U.S. Senator Elizbeth “Pocahontas” Warren give a fig about global warming and carbon emissions. Their actions, along with the actions of other Democrat politicians, have blocked new natural gas pipelines into New England that would supply low-emission fuel to generate electricity for the region. When it gets brutally cold, as it did Feb 3-5, New England turns to burning oil and (yes) coal in order to keep the lights on for residents. It happened in December, and it happened again in February. So much for caring about Mom Earth. The actions of New England politicians speak so much louder than their many lying words…
Did you happen to catch President Biden’s State of the Union show? We didn’t. We couldn’t hack watching a doddering old fool spout nonsense for more than an hour. But we did catch the highlights from the speech. One highlight, in particular, was really funny. Biden was bashing Big Oil for “record profits” (he’s such a fool), and then, much to the horror of his handlers, Biden went off script and said that “We’re going to need oil for at least another decade.” The entire chamber erupted in laughter at such an asinine statement, which caught the old fool off guard, so he quickly added, “…and beyond that.”
The heads of three major oil and gas groups in the Appalachian region–the Marcellus Shale Coalition (representing Pennsylvania), the Gas and Oil Association of West Virginia, and the Ohio Oil and Gas Association–combined to pen an open letter to President Biden encouraging him to let the Marcellus/Utica “lead the way” in achieving our country’s shared goals for domestic, affordable, and clean energy. It’s a great letter making strong and cogent arguments for why more M-U natgas can reduce emissions and benefit not only the economy but the environment. There’s just one small problem…
We spotted a fascinating story out of Los Angeles about the city’s foolish and reckless action in abandoning its largest natural gas-fired power generation plant in favor of using hydrogen instead. Hydrogen is the Holy Grail for the left. At least, for some on the left. Many on the left (and, it seems, on the right too) want to replace natural gas with 100% hydrogen in gas-fired power plants because natgas produces carbon dioxide when it burns, and hydrogen does not. Except (we learned from this article), hydrogen power generation has one huge, glaring, problem…
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