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Marcellus Drilling News
  • CNG/LNG | Commodity Price | Exporting | Industrywide Issues | Research

    U.S. NatGas Production to Hit Record High in 2023, Demand to Fall

    May 10, 2023May 10, 2023

    Once a month, U.S. Energy Information Administration (EIA) analysts issue the agency’s Short-Term Energy Outlook (STEO), their best guess about where energy prices and production will go in the next 12 months. Yesterday’s May edition predicts that U.S. natural gas production will rise to hit a new, all-time record high of 101.09 Bcf/d (billion cubic feet per day) this year! That’s up from last year’s record-high of 98.13 Bcf/d. However, the report also predicts domestic gas consumption will fall. What about prices? More supply with less demand typically means lower prices.
    Read More “U.S. NatGas Production to Hit Record High in 2023, Demand to Fall”

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

    WV Hangs Out the “Open for Business” Sign for Gas-Fired Power

    May 10, 2023May 10, 2023

    In March, West Virginia Senate Bill (SB) 188, aimed at making WV’s gas-fired power generation more competitive with its neighbors in Pennsylvania and Ohio, was passed by the legislature and signed into law by Gov. Jim Justice (see WV Bill Promoting New Gas-Fired Power Plants Signed into Law). The new law, dubbed the Grid Stabilization and Security Act of 2023, directs the Dept. of Economic Development secretary to identify and designate sites considered appropriate for natural gas electric generation projects. It also caps the time the state Air Quality Board has to hear appeals of permits for such projects to no more than 60 days.
    Read More “WV Hangs Out the “Open for Business” Sign for Gas-Fired Power”

  • Anti-Drilling/Fossil Fuel | Bradford County | CNG/LNG | Energy Services | Exporting | Industrywide Issues | New Fortress Energy | Pennsylvania

    Dela. Riverkeeper Releases Sham “Report” Against LNG Export Plan

    May 10, 2023May 10, 2023

    THE Delaware Riverkeeper appears to be obsessed with New Fortress Energy’s plan to liquefy natural gas in Bradford County, PA, and ship it via rail and truck to a former DuPont dynamite factory site in New Jersey along the Delaware River for export. Riverkeeper released a “report” (propaganda) bashing the LNG export plan. Riverkeeper paid a consulting firm that hires itself out to Big Green groups to produce the report.
    Read More “Dela. Riverkeeper Releases Sham “Report” Against LNG Export Plan”

  • Antero Resources | Chesapeake Energy | CNX Resources | Coterra Energy (Cabot O&G) | Energy Companies | EQT Corp | Gulfport Energy | Range Resources Corp | Seneca Resources | Southwestern Energy

    How Did M-U Gas Drillers Spend Their 2022 Record Haul of Cash?

    May 10, 2023May 10, 2023

    Investors in shale oil and gas companies suffered for years with little or no returns for the money they invested. Five of eight large Marcellus/Utica drillers saw their share prices decrease by an astonishing 85% or more from 2008 to 2019 (see Former EQT CEO: Shale Revolution a “Disaster” for Investors). Just prior to the COVID pandemic hitting, shale companies began to change and focus on less drilling and more profitability. That change paid off last year, in a big way. Shale companies saw record profits in 2022. What did they do with all that money?
    Read More “How Did M-U Gas Drillers Spend Their 2022 Record Haul of Cash?”

  • Electrical Generation | Industrywide Issues | Long Island | New York | New York County | Regulation | Westchester County

    Traitor Con Ed Finishes $275M Power Line to Replace Peaker Plants

    May 10, 2023May 10, 2023

    We are extremely unimpressed with New York City’s main utility company, Consolidated Edison. Con Ed supplies customers in all of New York City and Westchester County with electricity, and major portions (but not all) of NYC and Westchester with natural gas. The company has thrown in its lot (colluded with) New York’s far-left Democrats on a plan to kill off natural gas for its customers, believing it can eliminate some of its competitors. Con Ed is more than happy to build new projects, like a six-mile electric transmission line through Queens, and then pass the $275 million price to its customers to pay back. The new transmission line is meant to deliver enough extra electricity that Con Ed can shut down the gas-fired peaker plants it uses to help supply electricity on heavy usage days.
    Read More “Traitor Con Ed Finishes $275M Power Line to Replace Peaker Plants”

  • Anti-Drilling/Fossil Fuel | Industrywide Issues | Pipelines | Regulation

    MAD: Time to Oppose “Permitting Reform” for Pipelines & Renewables

    May 10, 2023May 10, 2023

    Ever hear of the term MAD–or mutually assured destruction? It was popularized during the Cold War we had with Communist Russia (i.e. the Soviet Union) in the last century. The MAD doctrine said if one side used a nuclear weapon against the other, the other side would retaliate. The war would quickly escalate, and each side would essentially destroy the other side, and there would be nothing left but cinders. MAD meant nobody, in their right mind, would launch the first nuke. Let’s apply that doctrine to today’s environmental Communists on the left (i.e. the Democrats in Washington). They HAVE launched the equivalent of a nuclear attack against the fossil fuel industry. We think it’s time to retaliate and take them out, too (no winners). How? By refusing to vote in favor of so-called “permitting reform” that would make it easier to build so-called renewable energy projects in this country. Let’s let the left have a taste of the destruction they have brought on fossil energy for the past 20 years or so. See how THEY like it. Yeah, it’s MAD.
    Read More “MAD: Time to Oppose “Permitting Reform” for Pipelines & Renewables”

  • MUI

    MDN Upstream Index (MUI) – May 10, 2023

    May 10, 2023May 10, 2023

    The most recent day of active trading was Tue., May 9, 2023. The numbers below reflect yesterday’s closing numbers.


    Read More “MDN Upstream Index (MUI) – May 10, 2023”

  • Best of the Rest

    Other Stories of Interest: Wed, May 10, 2023

    May 10, 2023May 10, 2023

    NATIONAL: Oil rises after US reveals plans to refill SPR; Study debunks relationship between gas stoves and childhood asthma; INTERNATIONAL: What is OPEC+ and how is it different from OPEC?
    Read More “Other Stories of Interest: Wed, May 10, 2023”

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