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Marcellus Drilling News
  • Bradford County | CNG/LNG | Energy Services | Exporting | Industrywide Issues | New Fortress Energy | Pennsylvania

    Bad Guys Win: Biden DOT Won’t Renew PA-to-NJ LNG Rail Permit

    April 26, 2023April 26, 2023

    On December 5, 2019, the PHMSA (Pipeline and Hazardous Materials Safety Administration) granted a special permit to Energy Transport Solutions, LLC (i.e. New Fortress Energy) to transport LNG in DOT-113C120 rail tanker cars between Wyalusing, PA and Gibbstown, NJ (see U.S. Gov’t Grants New Fortress Permit to Ship NEPA LNG by Rail!). At the time, New Fortress was working on plans to build an LNG liquefaction plant in Wyalusing, PA, aimed at liquefying locally-produced Chesapeake Energy Marcellus gas, shipping it (via rail and truck) to a port facility on the banks of the Delaware River and exporting it from there.
    Read More “Bad Guys Win: Biden DOT Won’t Renew PA-to-NJ LNG Rail Permit”

  • Beaver County | Energy Companies | Ethane | Industrywide Issues | Pennsylvania | Processing Plants | Shell

    Shell Hosts Virtual Meeting with Community re Cracker Problems

    April 26, 2023April 26, 2023

    Last night, Shell hosted a virtual community meeting to address air monitoring and recent problems experienced at the company’s ethane cracker plant in Beaver County, PA. Executives answered questions about the plant’s environmental record over the past six months, including a recent odor event earlier this month (see PA DEP Investigates Bad Odor Coming from Shell Cracker Plant). Christopher Kuhlman, a senior toxicologist hired by Shell to review air data and assess exposure, told attendees that any inadvertent air releases from the plant have been safe for nearby residents. Not everyone agreed.
    Read More “Shell Hosts Virtual Meeting with Community re Cracker Problems”

  • Kanawha County | West Virginia

    US Methanol Plant in Institute, WV Up and Running at 95% Capacity

    April 26, 2023April 26, 2023
    US Methanol plant – Institute, WV (click for larger version)

    Happy Day! US Methanol broke ground in September 2017 in Institute (Kanawha County), WV, to build its very first methanol production plant (see US Methanol Breaks Ground on First Plant in West Virginia). Methanol plants convert natural gas into methanol, used as a chemical feedstock (raw material) to create other things, like gasoline, antifreeze, plastic bottles–even LED and LCD screens. Methanol plants use a LOT of natural gas. On Monday, a group of high-level politicians from West Virginia, including Gov. Jim Justice, Sen. Shelley Moore Capito, and Sen. Joe Manchin, joined US Methanol officials to celebrate the official opening of the Institute methanol plant.
    Read More “US Methanol Plant in Institute, WV Up and Running at 95% Capacity”

  • Energy Companies | Pennsylvania | Range Resources Corp | Statewide PA

    Range Resources 1Q Update – The Marcellus Future is Very Bright

    April 26, 2023April 26, 2023

    Yesterday Range Resources Corporation issued its first quarter 2023 update and held a conference call with analysts. On the call, retiring (as of May 10th) CEO Jeff Ventura proclaimed Range sits at the best spot it’s been in history. Ventura said, “For the Marcellus, the future is very bright.” Incoming CEO (currently COO) Dennis Degner echoed Ventura’s remarks and pledged to “stay the course” and continue to “block and tackle” in the months and years ahead.
    Read More “Range Resources 1Q Update – The Marcellus Future is Very Bright”

  • CNX Resources | Energy Companies | ESG | Industrywide Issues

    Calif. Hotel Liberal Pressures CNX to Report on Loony Paris Goals

    April 26, 2023April 26, 2023
    click for larger version

    The owner of two hotels in California–the Handerly Hotels in San Francisco and San Diego–who happens to own 19,185 shares of CNX Resources, is attempting to bully CNX into providing an annual report on the company’s “efforts” to comply with the nonsensical “Paris Agreement” to reduce so-called greenhouse gas emissions. Jon Handerly picked the wrong guy in CNX CEO Nick DeIuliis to pick a fight with. We suspect it’s all a PR stunt by Handerly to boost the market visibility of his hotels–to sell a few more rooms. After all, the nutballs who live in Cali like this sort of environmental grandstanding.
    Read More “Calif. Hotel Liberal Pressures CNX to Report on Loony Paris Goals”

  • Earthquakes | Industrywide Issues | Ohio | Research | Statewide OH

    New Study Claims Utica Shale Fracking in Ohio Causes Earthquakes

    April 26, 2023April 26, 2023

    If we’ve heard it once, we’ve heard it a thousand times–the claim that fracking causes earthquakes. We’ve talked about this issue almost from the beginning of writing the MDN blog site in 2009. A quick summary of our own observations is that frack wastewater disposed of via injection wells (not fracking itself) is the culprit in causing low-grade earthquakes in some areas. However, the wastewater doesn’t cause an earthquake unless the injection well is located on or near a natural underground fault in the rock layer. Rarely (we can count it on one hand) have we read of fracking itself causing an earthquake. Yet a researcher from Ohio’s University of Miami claims research shows fracking itself can cause an increase in earthquakes.
    Read More “New Study Claims Utica Shale Fracking in Ohio Causes Earthquakes”

  • MUI

    MDN Upstream Index (MUI) – Apr 26, 2023

    April 26, 2023April 26, 2023

    The most recent day of active trading was Tue., Apr. 25, 2023. The numbers below reflect yesterday’s closing numbers.


    Read More “MDN Upstream Index (MUI) – Apr 26, 2023”

  • Best of the Rest

    Other Stories of Interest: Wed, Apr 26, 2023

    April 26, 2023April 26, 2023

    NATIONAL: SLB boosts net income 83 percent YoY; Halliburton moving some U.S. natural gas fleets to oil basins; Odds of gasoline hitting $4 per gallon decreasing; The import-export mismatch and what it means for ‘Big 3’ production; Small towns chase America’s $3 trillion climate gold rush; INTERNATIONAL: What is likely to happen at the next OPEC+ meeting?; EU opens gas buyers’ club to blunt price volatility.
    Read More “Other Stories of Interest: Wed, Apr 26, 2023”

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