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Marcellus Drilling News
  • Diversified Energy | Energy Companies | EQT Corp | Industrywide Issues | Litigation | Statewide WV | West Virginia

    Fed Court Rules EQT, Diversified Must Face WV Class Action

    April 5, 2023April 5, 2023

    Last summer, MDN brought you the news about a lawsuit against Diversified Energy and EQT over the issue of old and “abandoned” wells in West Virginia (see Big Green Uses WV Landowners to Sue EQT, Diversified re Old Wells). In June 2018, MDN exclusively brought our readers the news that Diversified Gas & Oil (now called Diversified Energy) had purchased EQT Corporation’s Huron Shale assets, with a bunch of conventional wells, in Kentucky, Virginia, and West Virginia for $575 million (see Diversified Gas & Oil Adds to Conventional Assets in KY, VA, WV). Several WV landowners, prompted (and supported) by Big Green groups, sued the EQT and Diversified last July, alleging the wells no longer produce and (under law) must be plugged. The new news is that a federal judge in WV ruled yesterday that a proposed class action by the landowners against the companies can proceed.
    Read More “Fed Court Rules EQT, Diversified Must Face WV Class Action”

  • CNG/LNG | Exporting | Industrywide Issues

    U.S. LNG Exports Hit New All-Time High in March Thx to Freeport

    April 5, 2023April 5, 2023

    Freeport LNG is back online, sucking up 2.1 (or more) billion cubic feet per day (Bcf/d) of natural gas, some of it from the Marcellus/Utica, exporting LNG to other countries. Freeport was out of commission following an explosion and fire in June 2022 until several weeks ago (see Freeport LNG Plant Back to Full Capacity Using 2.1 Bcf/d of NatGas). Some new export capacity came online while Freeport was down. Now that Freeport is back, combined with new capacity from LNG exporters, the U.S. exported more LNG in March than it ever has–7.73 million tonnes.
    Read More “U.S. LNG Exports Hit New All-Time High in March Thx to Freeport”

  • CNG/LNG | Exporting | Industrywide Issues

    The Golden Age of U.S. LNG Provides Energy Security for World

    April 5, 2023April 5, 2023

    Within two years, LNG replaced all of the gas world markets lost coming from Russia. U.S. export revenues from LNG grew exponentially over the last six years. Export volumes and wealth from LNG could potentially lead to an astonishing $100 billion in new LNG developments in the U.S.! LNG will be a strong driver of U.S. natural gas production over the next seven years. The U.S. may double its exports, or more, from now to 2030. We are, writes author and petroleum engineer Ian Palmer, in the midst of a “Golden Age” for LNG. What is a Golden Age? And what does it mean for LNG?
    Read More “The Golden Age of U.S. LNG Provides Energy Security for World”

  • Crude Oil | Industrywide Issues | Research

    EIA Predicts Steady Demand for Oil & Gasoline Thru 2050 & Beyond

    April 5, 2023April 5, 2023

    In March, the U.S. Energy Information Administration (EIA) published its Annual Energy Outlook for 2023 (see EIA Annual Outlook Predicts O&G, M-U Still Going Strong in 2050). We noted at the time that a chart showing the dominance of oil and gas energy over the next 30 years had disappeared from the report. Since that time, EIA has published a few “deep dive” posts on its Today in Energy website. Yesterday was another such post, this one showing charts for the production of “petroleum and other liquids.” The charts show EIA’s expectation that (yes) oil and its related products will still be going strong 30 years from now.
    Read More “EIA Predicts Steady Demand for Oil & Gasoline Thru 2050 & Beyond”

  • Industrywide Issues | Regulation

    GOP Senators Intro Bill to Block Biden DOE from Banning Gas Stoves

    April 5, 2023April 5, 2023

    Last week five Republican U.S. Senators introduced the Natural Gas Appliances Standards (Natural GAS) Act of 2023. The bill would block any rulemaking by the Dept. of Energy (DOE) that could have the effect of outlawing the sale of a range of natural gas appliances, including (most particularly) gas stoves. Among other things, the bill stipulates the DOE may not put forward a rule that would limit the features of gas stoves, such as quick boil times, number and size of burners, and design of grates.
    Read More “GOP Senators Intro Bill to Block Biden DOE from Banning Gas Stoves”

  • Anti-Drilling/Fossil Fuel | Industrywide Issues | New York | Regulation | Statewide NY | Taxation

    Antis Oppose New York Changing Methane Accounting Timeline

    April 5, 2023April 5, 2023

    This is another in our series of what it’s like living “Behind Enemy Lines.” MDN editor Jim Willis lives in Upstate New York (Binghamton area). Our freedoms in NY are being stripped away at an alarming rate. The radical left is in full control of the state, as is illustrated by a recent debate between Gov. Kathy Hochul (a far-left radical) and others in the Democrat Party even further to the left of Hochul, if such a thing is possible. The people left of Hochul are resisting a reasonable compromise in the current budget that would change the current timeline for methane accounting from 20 years to 100 years.
    Read More “Antis Oppose New York Changing Methane Accounting Timeline”

  • Meetings | Pennsylvania | Statewide PA | Washington County

    POGLA Event May 6: Landowners, Industry & The Legislature

    April 5, 2023April 5, 2023

    One of MDN’s favorite organizations is the Pennsylvania Oil and Gas Landowner Alliance (POGLA), an organization representing oil, gas, mineral, and royalty owners throughout the Commonwealth of PA. POGLA will host a conference titled Landowners, Industry & The Legislature, on May 6, 2023, from 8 am to 5 pm in Washington, PA. This event has the MDN stamp of approval. If you are a landowner or rights owner in PA, and if there’s any way you can attend this low-cost event near Pittsburgh, we heartily encourage you to do so.
    Read More “POGLA Event May 6: Landowners, Industry & The Legislature”

  • MUI

    MDN Upstream Index (MUI) – Apr 5, 2023

    April 5, 2023April 5, 2023

    The most recent day of active trading was Tue., Apr. 4, 2023. The numbers below reflect yesterday’s closing numbers.


    Read More “MDN Upstream Index (MUI) – Apr 5, 2023”

  • Best of the Rest

    Other Stories of Interest: Wed, Apr 5, 2023

    April 5, 2023April 5, 2023

    MARCELLUS/UTICA REGION: Manchin unloads on climate activists re MVP; NATIONAL: USA gasoline prices could hit $4 thanks to OPEC+ cut; The police state is here and “governed” by Joe Biden; An OPEC-driven U.S. drilling boom? Not so fast.; Calling all consumers: it’s time to recall our failing energy policies; INTERNATIONAL: New OPEC+ cuts will push oil to $110 this summer.
    Read More “Other Stories of Interest: Wed, Apr 5, 2023”

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