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Marcellus Drilling News
  • Electrical Generation | Industrywide Issues

    CPV Waits for NJ Permits for 2nd Gas-Fired Plant in Woodbridge

    February 28, 2023February 28, 2023

    Competitive Power Ventures (CPV) currently operates a gas-fired power plant in the Keasbey section of Woodbridge, NJ. The plant currently generates power for about 700,000 homes. In 2018, CPV proposed adding a second power plant at the same location (see CPV Floats Plan for New Marcellus-Fired Power Plant in NJ). In August of last year, the green zealots of Food & Water Watch organized a small protest against the proposed second plant (see Zealots Turn Out to Protest Electric Energy in Woodbridge, NJ). Unbelievably, the anti-fossil fuel Governor of NJ, Phil Murphy, supports the new power plant and it appears to be moving forward.
    Read More “CPV Waits for NJ Permits for 2nd Gas-Fired Plant in Woodbridge”

  • Electrical Generation | Industrywide Issues | Regulation

    Natural Gas the #1 Source of New Electricity in Latest PJM Auction

    February 28, 2023February 28, 2023
    2024/2025 Capacity Prices

    Yesterday, the PJM Interconnection announced the results of its latest electricity capacity auction (for 2024/2025). PJM is the largest electric grid operator in the U.S. It serves 65 million people in 13 states plus the District of Columbia (including PA, OH, and WV). PJM reported prices for electricity in most areas were down, but prices were up in areas with local constraints (i.e., lack of natural gas pipelines). Of keen interest for us is which energy sources will increase their contributions to the grid, and which will decrease, in the coming years. Would it surprise you to learn that despite the hype and lies of mainstream media about solar and wind taking over, that new electricity from natural gas sources will increase the most?
    Read More “Natural Gas the #1 Source of New Electricity in Latest PJM Auction”

  • Industrywide Issues | Pipelines | Regulation

    House Republicans Tackle “Permitting Reform” – Help Save MVP?

    February 28, 2023February 28, 2023

    It’s full speed ahead in the U.S. House of Representatives, now controlled (thank God!) by Republicans. Today and tomorrow, three different House committees will hold hearings and markups on 20 distinct measures related to energy and permitting reform. The permitting reform measures, in particular, may help save the Mountain Valley Pipeline (MVP) project in the Marcellus/Utica region.
    Read More “House Republicans Tackle “Permitting Reform” – Help Save MVP?”

  • Anti-Drilling/Fossil Fuel | Industrywide Issues | New York | Public Opinion | Statewide NY

    Majority of New Yorkers Oppose Gov. Hochul’s NatGas Suicide Plan

    February 28, 2023February 28, 2023

    With liberal leftist Democrats like NY Gov. Kathy Hochul, popular opinion only matters during an election year, when getting elected (or reelected). After that, Dems like Hochul govern any darned well way they please. It doesn’t matter if a majority of the state’s residents oppose her cockamamie, screwed-up plans to commit energy suicide by banning natural gas across the entire state. She’s moving forward full-speed ahead with her energy suicide plan anyway.
    Read More “Majority of New Yorkers Oppose Gov. Hochul’s NatGas Suicide Plan”

  • Anti-Drilling/Fossil Fuel | Industrywide Issues | Maryland | Regulation | Statewide MD

    Big Green Torqued with Maryland Gov Over Appointing Gas Official

    February 28, 2023February 28, 2023
    Maryland Gov. Wes Moore

    This past November, the uber-leftist state of Maryland elected a true-blue Democrat as its governor, instead of the previous governor, Larry Hogan, who was a Democrat-lite (Republican in Name Only). The new governor, Wes Moore, made all sorts of campaign promises about forcing Maryland to dump reliable fossil fuel energy and switch to unreliable renewables like wind and solar instead. A month into his term, Gov. Moore has just nominated the senior director of energy analysis at the American Gas Association to be a member of the state Public Service Commission. Predictably, the lunatic left is having a cow.
    Read More “Big Green Torqued with Maryland Gov Over Appointing Gas Official”

  • Carbon Capture | Industrywide Issues

    Biden EPA Slow Walks Carbon Capture Permits – Holds Up IRA Money

    February 28, 2023February 28, 2023

    The Biden administration is schizophrenic. On the one hand, there are those Bidenistas who are your garden-variety leftists who salute the Democrat Party and try to transform the country into the left’s vision of dystopia by passing laws, writing executive orders, and doing what they can within the existing Constitutional system established by the founders. On the other hand are the hardcore leftist anarchists who disregard law and order and blatantly disobey direct orders. It is that second batch who are blocking the distribution of money (billions) from the so-called Inflation Reduction Act (actually the New Green Deal) to establish carbon capture and storage (CCS) in this country.
    Read More “Biden EPA Slow Walks Carbon Capture Permits – Holds Up IRA Money”

  • MUI

    MDN Upstream Index (MUI) – Feb 28, 2023

    February 28, 2023February 28, 2023

    The most recent day of active trading was Mon., Feb. 27, 2023. The numbers below reflect yesterday’s closing numbers.


    Read More “MDN Upstream Index (MUI) – Feb 28, 2023”

  • Best of the Rest

    Other Stories of Interest: Tue, Feb 28, 2023

    February 28, 2023February 28, 2023

    NATIONAL: Biden’s offshore wind dreams face rising controversy, opposition; INTERNATIONAL: Germany plans world’s fourth largest LNG import capacity by 2030.
    Read More “Other Stories of Interest: Tue, Feb 28, 2023”

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