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Marcellus Drilling News
  • Energy Services | Equitrans/EQT Midstream | Industrywide Issues | Pipelines

    Equitrans Update on Rager Gas Leak, MVP, OVCX & More

    May 2, 2023May 2, 2023

    Earlier today Equitrans Midstream, the former EQT Midstream (now a standalone company), issued its first quarter 2023 update. The update is actually a series of updates about the company’s vitally important (to the Marcellus/Utica) pipeline and midstream projects. In the update, we learn more about the company’s Rager Mountain Natural Gas Storage Field accident; we learn the latest about the Mountain Valley Pipeline (MVP) project, essentially on hold; and we learn about the Ohio Valley Connector Expansion Project (OCVX), expected to be in-service the first half of 2024.
    Read More “Equitrans Update on Rager Gas Leak, MVP, OVCX & More”

  • Crude Oil | Industrywide Issues | Pennsylvania | Regulation | Statewide PA

    Increased Bonding Won’t Plug PA’s Abandoned Oil & Gas Wells

    May 2, 2023May 2, 2023

    Yesterday MDN told you about a new assault on the oil and gas industry in Pennsylvania coming from the Chairman of the House Environmental Resources & Energy Committee, anti-fossil fuel zealot Greg Vitali, who (along with 13 other leftists) introduced House Bill (HB) 962, aimed at raising the bonding rates for drilling new conventional wells in the state (see PIOGA Responds to Bill Raising Bonding Rates for Conventional Wells). We brought you the Pennsylvania Independent Oil & Gas Association (PIOGA) official communique to Vitali and others on the committee outlining why the bill is unnecessary and harmful. Today we have an editorial from PIOGA running in the Pennsylvania Capital-Star.
    Read More “Increased Bonding Won’t Plug PA’s Abandoned Oil & Gas Wells”

  • CNG/LNG | Exporting | Industrywide Issues

    US LNG Exports Hitting New Highs – 107 Cargoes Departed in April

    May 2, 2023May 2, 2023

    U.S. LNG (liquefied natural gas) exports are hitting new highs each month now that the Freeport LNG facility came back online in March (see Freeport LNG Plant Back to Full Capacity Using 2.1 Bcf/d of NatGas). March saw a new, all-time high export of 7.80 million tonnes of LNG (see U.S. LNG Exports Hit New All-Time High in March Thx to Freeport). Last month (April), U.S. export volume was virtually the same at 7.78 million tonnes.
    Read More “US LNG Exports Hitting New Highs – 107 Cargoes Departed in April”

  • Industrywide Issues | NGLs

    Crude & NatGas Drilling Slowing, Which Affects Propane Supplies

    May 2, 2023May 2, 2023

    Commodities like oil and natural gas are just about the purest form of free market capitalism on the planet. They are textbook supply-and-demand commodities. When supply goes up or down, given the same demand, the price for the commodity will go up or down inversely. It doesn’t take long for the markets to “balance.” The same on the demand side. If demand goes up or down and supply stays the same, the price will go up or down. But what about propane? The propane market is different and much harder to predict.
    Read More “Crude & NatGas Drilling Slowing, Which Affects Propane Supplies”

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

    NY State has Fallen – Gas Stoves & Peaker Plants Banned in Budget

    May 2, 2023May 2, 2023

    We’re not even sure how to process this, or where to begin. We previously warned MDN readers that New York Gov. Kathy Hochul, an extremist, is trying to ban natural gas hookups in every single new home and business across the “Empire” State (see NY Gov. Hochul Loses Her Mind – Wants to Ban Gas in New Buildings). She even wants to ban gas in existing homes, but that’s too much even for NY’s Democrats to stomach (see New York Legislators Block Hochul NatGas Ban for Existing Homes). As part of the 2023-2024 budget deal, Hochul got her way. Beginning in 2025, if you build a new home (or business) in New York State, you will not be allowed to connect it to an existing natural gas pipeline system. You will be banned from installing a gas (or propane) stove in the house. We now live in a Communist, non-free state. New York has fallen.
    Read More “NY State has Fallen – Gas Stoves & Peaker Plants Banned in Budget”

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

    Secretive PA Gov. Josh Shapiro a Major Dud Since Taking Office

    May 2, 2023May 2, 2023
    PA Gov. Josh Shapiro – a major dud

    When campaigning for Pennsylvania Governor, Josh Shapiro said he was an “all of the above” kind of energy guy. He also said choosing between protecting the environment and promoting the state’s robust energy industry was a “false dichotomy.” It turns out Josh Shapiro was (suprise!) lying through his teeth. And you (who voted for him) got suckered. (You didn’t get suckered if you read and believed MDN, of course. We repeatedly warned you about him during the campaign.) Since taking office, Shapiro has been a major dud–someone who doesn’t know how to lead. He’s bereft of any idea of what to do and how to do it. When it comes to the environment and energy policy, Shapiro assembled a secretive group to guide him (see PA Gov Appoints Secretive Group to Work on Global Warming Plan).
    Read More “Secretive PA Gov. Josh Shapiro a Major Dud Since Taking Office”

  • MUI

    MDN Upstream Index (MUI) – May 2, 2023

    May 2, 2023May 2, 2023

    The most recent day of active trading was Mon., May 1, 2023. The numbers below reflect yesterday’s closing numbers.


    Read More “MDN Upstream Index (MUI) – May 2, 2023”

  • Best of the Rest

    Other Stories of Interest: Tue, May 2, 2023

    May 2, 2023May 2, 2023

    NATIONAL: North America rig loss streak rumbles on; Are oil and gas professionals worried about AI?
    Read More “Other Stories of Interest: Tue, May 2, 2023”

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