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Marcellus Drilling News
  • Ammonia | CNX Resources | Energy Companies | Hydrogen | Industrywide Issues | Mingo County | West Virginia

    CNX to Provide NatGas for WV Hydrogen Hub Clean Ammonia Plant

    April 3, 2023April 3, 2023

    The ARCH2 (Appalachian Regional Clean Hydrogen Hub) project, the West Virginia-led effort to attract government funding for one of 6-10 regional hydrogen hubs, took a leap forward today with the announcement by Adams Fork Energy, Haldor Topsoe, and CNX Resources Corp. of a plan to build a “multi-billion-dollar” clean ammonia manufacturing facility in southern West Virginia. CNX will provide natural gas to the plant, tentatively scheduled to begin construction in 2024 in Mingo County, WV. The ammonia plant will be an “anchor project” in the ARCH2 Hydrogen Hub application currently under consideration by the U.S. Dept. of Energy.
    Read More “CNX to Provide NatGas for WV Hydrogen Hub Clean Ammonia Plant”

  • Industrywide Issues | Pennsylvania | Pipelines | Regulation | Statewide PA

    PA PUC Denies PIOGA Petition re Regulating Gathering Pipelines

    April 3, 2023April 3, 2023

    The Pennsylvania Public Utility Commission (PUC) published notice in the April 1 Pennsylvania Bulletin that it has denied a request by the Pennsylvania Independent Oil & Gas Association (PIOGA) to reconsider the agency’s plan to regulate small, completely safe natural gas gathering pipelines. We have the news of the PUC’s rejection, and what it means, along with an exclusive–the official response from PIOGA.
    Read More “PA PUC Denies PIOGA Petition re Regulating Gathering Pipelines”

  • Electrical Generation | Industrywide Issues | Regulation | Statewide WV | West Virginia

    New Law Requires WV PEA to OK Fossil Fuel Power Plant Closures

    April 3, 2023April 3, 2023

    The West Virginia Public Energy Authority (PEA) is a seven-member board that aims to make the best use of WV’s abundant natural energy resources. State code gives the board power to buy, lease, and issue bonds to build electric power plants and natural gas transmission projects. Gov. Jim Justice reactivated the board in the summer of 2021 after it had been dormant for most of a decade. The first meeting of the new board was held in February 2022 (see Reactivated WV Public Energy Authority Holds First Meeting). Over the past year, the board has held a number of meetings and listened to a lot of people, but hasn’t actually done all that much. A bill recently signed into law by Gov. Justice will change that.
    Read More “New Law Requires WV PEA to OK Fossil Fuel Power Plant Closures”

  • Anti-Drilling/Fossil Fuel | Carbon Capture | Industrywide Issues | Pennsylvania | Regulation | Statewide PA

    Antis Object to PA DEP Oversight of Carbon Capture Injection Wells

    April 3, 2023April 3, 2023

    We have new evidence that so-called environmental groups, including a long list of anti-fracking groups in Pennsylvania, don’t really care about the environmental at all. They only care about the power to dictate to you what energy sources you can and cannot use–as a way of controlling you. Great strides have been made in capturing and sequestering (storing underground) carbon dioxide (CO2). These so-called environmental groups all say that CO2 is killing Mom Earth. Yet when real science is employed to control CO2 (to sequester it), they attempt to block it. Why is that?
    Read More “Antis Object to PA DEP Oversight of Carbon Capture Injection Wells”

  • Chesapeake Energy | CNG/LNG | Commodity Price | Energy Companies | Exporting | Industrywide Issues

    Chesapeake CEO Says 20-25% of U.S. Gas Production Will be Exported

    April 3, 2023April 3, 2023

    Three weeks ago, Chesapeake Energy announced a 15-year deal to provide natural gas for LNG exports to Gunvor Singapore Pte (see Chesapeake Cuts Back on Marcellus, Signs Haynesville LNG Deal). As we shared then, Chesapeake plans to export some of its Haynesville production to an unnamed LNG plant along the Gulf Coast. In a follow-up interview with Chessy CEO Nick Dell’Osso, S&P Global Commodity Insights asked about the selection process for an LNG export plant. It was one of Dell’Osso’s peripheral remarks that caught our attention.
    Read More “Chesapeake CEO Says 20-25% of U.S. Gas Production Will be Exported”

  • Anti-Drilling/Fossil Fuel | Industrywide Issues

    UN Group with $11T Under Mgmt Demands No New O&G Investments

    April 3, 2023April 3, 2023

    The Net Zero Asset Owner Alliance (NZAOA) is a group formed under the umbrella of the United Nations. It is a “member-led initiative” of institutional investors committed to transitioning their investment portfolios to mythical net-zero greenhouse gas emissions by 2050. The group’s members (some of the biggest banks and investment firms in the world) have some $11 TRILLION of assets under management. It’s mind-bogglingly huge. NZAOA issued an edict last week to its members: No new direct investments in upstream oil and gas infrastructure projects for new fields. Period.
    Read More “UN Group with $11T Under Mgmt Demands No New O&G Investments”

  • Commodity Price | Industrywide Issues

    $2.00 Natural Gas is Temporary, Just Like $10 Gas Was

    April 3, 2023April 3, 2023

    We have watched, with some distress, the crashing and burning of the price for natural gas in recent weeks and months (see NYMEX Henry Hub Crashing and Burning – Lowest Close in 30 Months). It sure feels like we’re back in the bad old days of “lower for longer” when it comes to the price of gas. However, a futures and options broker (and book author) writing on Real Money says $2 gas like we are seeing now is “temporary” and won’t last, just like nosebleed $10 gas didn’t stick around last year.
    Read More “$2.00 Natural Gas is Temporary, Just Like $10 Gas Was”

  • MUI

    MDN Upstream Index (MUI) – Apr 3, 2023

    April 3, 2023April 3, 2023

    The most recent day of active trading was Fri., Mar. 31, 2023. The numbers below reflect Friday’s closing numbers.


    Read More “MDN Upstream Index (MUI) – Apr 3, 2023”

  • Best of the Rest

    Other Stories of Interest: Mon, Apr 3, 2023

    April 3, 2023April 3, 2023

    MARCELLUS/UTICA REGION: What happens when the sun sets on a solar farm?; OTHER U.S. REGIONS: CA is bingeing on renewables, but emissions not falling; NATIONAL: Shift triggers significant change to Fitch Solutions natgas price forecast; Oil producers sound alarms over public lands management; Why oil companies are not running out of fresh shale fields to frack; How new technology will disrupt the oil and gas industry; House approves sweeping GOP energy package; INTERNATIONAL: OPEC+ makes shock million barrel cut; Japan buys Russian oil at prices above cap; Lower natural gas price is not all good news for Europe.
    Read More “Other Stories of Interest: Mon, Apr 3, 2023”

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