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  • Industrywide Issues | Pennsylvania | Potter County | Regulation | Wastewater

    EPA Approves Potter County, PA Injection Well, Waiting Now for DEP

    April 6, 2023April 6, 2023

    An issue that’s been festering for more than two years appears to be coming to a head in western Potter County, PA. In early 2021, Roulette Oil and Gas applied for a Class II Injection Well Permit to drill an injection well in Clara Township. The leftists from Community Environmental Legal Defense Fund (CELDF) immediately began to whisper the siren song of “home rule” into the ears of Clara’s residents (see Clara Twp, PA Considers Illegal Home Rule to Stop Injection Well). Since that time, the federal EPA granted its approval for the project. It’s now over to the PA Dept. of Environmental Protection (DEP) to issue a final permit, and the locals are not happy that they haven’t “had a say” to try and convince the DEP to deny the permit.
    Read More “EPA Approves Potter County, PA Injection Well, Waiting Now for DEP”

  • Energy Companies | Industrywide Issues | Pennsylvania | Regulation | Repsol | Susquehanna County

    PA DEP Finds 2 Repsol Wells in Susquehanna County Venting Methane

    April 6, 2023April 6, 2023

    During a routine inspection conducted earlier this week by the Pennsylvania Dept. of Environmental Protection (DEP), an inspector discovered two of 12 Repsol wells on a pad in Susquehanna County were (gasp!) venting methane into the atmosphere. Call the methane police! There’s fugitive methane escaping! The wells were drilled in 2016. Apparently, there has been an ongoing issue with these two wells since 2017, when the DEP determined the wells have defective casing and/or cementing.
    Read More “PA DEP Finds 2 Repsol Wells in Susquehanna County Venting Methane”

  • Industrywide Issues | Kentucky | Litigation | Pipelines

    Court Allows LG&E to Build Tiny Pipe Thru Kentucky Arboretum Land

    April 6, 2023April 6, 2023
    click for larger version

    In May 2021, MDN told you that Louisville Gas and Electric Company (LG&E) had won Kentucky state approval to build a new 12-inch, 12-mile pipeline near Louisville to supply gas to homes and businesses that can’t connect to LG&E’s local natgas utility system because it is currently maxed out (see Pass the Jim Beam! Judge Clears Way for Gas Pipe Near Louisville, KY). The local Bernheim Arboretum has resisted attempts to build across three-tenths of one percent (0.028%) of Arboretum land–along an existing cleared path where electric lines already go. LG&E took the Arboretum to court, and last week the court ruled in favor of LG&E and its right to build the pipe through a small section of Arboretum land.
    Read More “Court Allows LG&E to Build Tiny Pipe Thru Kentucky Arboretum Land”

  • Industrywide Issues | Research

    2023 CapEx Spending on Shale Drilling Shifts Dramatically to Oil

    April 6, 2023April 6, 2023

    In 2022, the first full year after emerging from the worldwide COVID pandemic, the U.S. and world economies rocketed. Inflation rocketed too, but that’s a different story. Because of the high price for natural gas and oil last year (in response to Russia illegally invading Ukraine), U.S. shale drillers increased capital expenditure spending by a whopping 54% over what they spent in 2021. What about this year? The analysts at RBN Energy have analyzed the announced spending by 42 shale oil and gas producers (with a market cap of at least $500 million) and find this year, shale drillers will only expand spending by a “modest” 17%. What about spending in the Marcellus/Utica?
    Read More “2023 CapEx Spending on Shale Drilling Shifts Dramatically to Oil”

  • Anti-Drilling/Fossil Fuel | Industrywide Issues | Litigation | Taxation

    Court Rejects Republican Case re Biden EPA Social Cost of CO2 4X

    April 6, 2023April 6, 2023

    In his first two days in office, Joe Biden declared war on the oil and gas industry. One of the first things he did was to revive an interagency working group on the “social cost” of greenhouse gas emissions and directed the issuance of an “interim” cost (see What Biden’s First Two Days on the Job Mean for the O&G Industry). The social cost of carbon dioxide emissions is a metric that regulators use to assess the monetary impact of emissions increases. On his very first day in office, Biden restored the so-called climate cost estimate to $51 per ton of carbon dioxide emissions after the Trump administration had reduced the figure to $7 or less per ton. If the Biden EPA has its way, that $51 per ton metric will seem cheap. The EPA wants to 4X that cost to $190!
    Read More “Court Rejects Republican Case re Biden EPA Social Cost of CO2 4X”

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

    Weak NY Governor Caves to Climate Crazies re Methane Acctg

    April 6, 2023April 6, 2023
    Gov. Kathy Hochul, cooking in a gas stove

    Yesterday MDN told you about pressure from the lunatic left being brought on the liberal governor of New York, Kathy Hochul, to keep in place a 2019 climate law requiring the so-called effects of burning methane be calculated as having an impact across a 20-year timeframe rather than the 100-year timeframe used by most other states, including California (see Antis Oppose New York Changing Methane Accounting Timeline). Hochul knows the shorter timeframe is dramatically increasing the cost of energy in the state and driving people out of the state. She wanted to adopt the longer timeframe. Yet, she caved to the uber-radicals–because she’s so weak and ineffective as governor.
    Read More “Weak NY Governor Caves to Climate Crazies re Methane Acctg”

  • ESG | Industrywide Issues

    Debunking the Fiction of So-Called “Renewable” Natural Gas

    April 6, 2023April 6, 2023

    We don’t write much about RNG because, quite frankly, it doesn’t interest us. We’d rather punch holes in the ground to get natural gas than cap a manure pile to collect it. There’s a lot of hullabaloo about RNG these days, some of it coming from shale circles (which we find odd). Here’s the thing: If you believe producing and using RNG is going to address the concerns of anti-fossil fuel nutters, you are deeply mistaken. The wacko left that hates fossil fuels, including natural gas, hates RNG too.
    Read More “Debunking the Fiction of So-Called “Renewable” Natural Gas”

  • Ascent Resources | Bradford County | Butler County | Chesapeake Energy | Coterra Energy (Cabot O&G) | Energy Companies | EQT Corp | Fayette County | Harrison County | Jefferson County (OH) | Ohio | PennEnergy Resources | Pennsylvania | Range Resources Corp | Susquehanna County | Washington County | Weekly Permits

    21 New Shale Well Permits Issued for PA-OH-WV Mar 27-Apr 2

    April 6, 2023April 6, 2023

    New shale permits issued for Mar. 27-Apr. 2 in the Marcellus/Utica dropped quite a bit from the prior week. There were 21 new permits issued in total last week, down from 32 in the prior week. Last week’s tally included 15 new permits for Pennsylvania, 6 new permits for Ohio, and no new permits in West Virginia. Last week the top receiver of new permits was Ascent Resources with 6 new permits, 5 in Jefferson County, OH, and 1 in Harrison County, OH. Chesapeake Energy took the #2 slot with 5 new permits in Bradford County, PA.
    Read More “21 New Shale Well Permits Issued for PA-OH-WV Mar 27-Apr 2”

  • MUI

    MDN Upstream Index (MUI) – Apr 6, 2023

    April 6, 2023April 10, 2023

    The most recent day of active trading was Wed., Apr. 5, 2023. The numbers below reflect yesterday’s closing numbers.


    Read More “MDN Upstream Index (MUI) – Apr 6, 2023”

  • Best of the Rest

    Other Stories of Interest: Thu, Apr 6, 2023

    April 6, 2023April 10, 2023

    NATIONAL: USA more than doubles EU LNG delivery target; One shale executive correctly called OPEC+ surprise cut; Where will WTI oil price be at end-2023?; Biden NHTSA nominee bundled funds for climate litigation; US cities receive nearly $200M in grants to upgrade natgas pipelines; Rural America needs permitting reform; Banking crisis adds to shale industry pessimism.
    Read More “Other Stories of Interest: Thu, Apr 6, 2023”

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