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M-U Drillers Producing Same as 2022, Spending 9% More in 2023
The sharp analysts at RBN Energy have sifted through the announcements and “guidance” statements from 42 of the country’s major publicly-traded oil and natural gas drillers for 2023. Among them are 11 gas-focused drillers, nine of which have operations in the Marcellus/Utica region. Looking at the list of 11 gas-focused drillers, RBN finds production will be just about the same in 2023 as it was in 2022–projecting a dip of 1% this year. The analysis also finds collectively that the 11 gas-focused drillers will spend around 9% more on drilling this year due to Bidenflation. Spending more to produce the same–not a winning formula for a politician to run on.
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So-called “environmental justice” is a buzzword used by the left over the past decade or so. It is a euphemism, a code word for “any well pad or pipeline or any kind of oil and gas infrastructure that gets built anywhere near a community with a large population of poor folks or black/brown folks is automatically considered racist.” Environmental justice is the antithesis of American freedom and the American sense of equal justice for all under our laws. The left screams “racist” when they can’t compete on the basis of ideas, a tactic they use to shut down arguments. Unfortunately, Pennsylvania’s new “Acting” Secretary of the Dept. of Environmental Protection, Rich Negrin, spouted environmental justice nonsense yesterday at a House hearing on the budget.
In a process that began in December 2021, Olympus Energy (formerly Huntley & Huntley) announced it had contracted with Project Canary to monitor methane emissions from both the company’s drilling operations and the company’s pipeline operations (see 
We have been closely tracking the restart of the shuttered Freeport LNG export terminal following its emergency shutdown in June 2022 after an explosion and fire. The Federal Energy Regulatory Commission (FERC) granted permission for Freeport to restart two of three liquefaction “trains” at the facility in February (see 
It’s time to divest from (and cancel any policies with) one of the world’s top 10 insurers–Chubb. The company has caved to leftist radicals by announcing a new policy of refusing to insure new oil and gas projects unless those projects reduce methane emissions to pretty much zero. It is an outright assault and attack on oil and gas companies. Pay attention Texas, Florida, West Virginia, Tennessee, Kentucky, and other right-minded states! Your states need to pull any insurance policies or dealings with Chubb. Add them to the “we don’t do business with” list along with BlackRock. Refuse to do business with them–cut them off.
Robert Bryce is a Texas-based author, journalist, film producer, and public speaker. Over the past three decades, his articles have appeared in numerous publications, including the Wall Street Journal, New York Times, National Review, Field & Stream, and Austin Chronicle. Last month, Bryce published an article on the Substack website that reveals the NGO-corporate-industrial-climate complex spends on the order of $4.5 billion each year on anti-fossil fuel activities (see 
New shale permits issued for Mar. 13-19 in the Marcellus/Utica rose by four from the prior week. There were 34 new permits issued in total last week, including 24 new permits for Pennsylvania, 4 new permits for Ohio, and 6 new permits in West Virginia. Last week the top receiver of new permits across PA and OH was Chesapeake Energy with 7 new permits spread across three PA counties: Bradford, Sullivan, and Wyoming. Range Resources received 6 new permits in Washington County, PA.
MARCELLUS/UTICA REGION: Rep. Miller introduces amendment to H.R. 1 to complete MVP; NATIONAL: The EIA is dead wrong about the future of U.S. shale; Why Joe Biden’s ‘green new world’ is an expensive mess; INTERNATIONAL: LNG vessel rates plummet as more ships available for cargoes to Europe.