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Marcellus Drilling News
  • Beaver County | Energy Companies | Ethane | Industrywide Issues | Pennsylvania | Processing Plants | Regulation | Shell

    Shell Cracker Agrees to $10M Shakedown from PA, Restarting Now

    May 25, 2023

    In March, Shell said its Pennsylvania ethane cracker facility had not–using new, more accurate methods of measuring emissions–violated emissions limits at any point during the facility’s somewhat troubled startup (see Shell Claims PA Cracker Plant Did Not Exceed Air Emissions Limits). However, the PA Dept. of Environmental Protection (DEP) says it did exceed emissions limits, a number of times. Shell is not going to push the issue. Yesterday, PA Gov. Josh Shapiro announced his government had shaken down Shell and is forcing the company to pay nearly $10 million in fines and bribes “contributions” to benefit local communities. That’s the protection money price to restart the now shutdown plant and to keep it going.
    Read More “Shell Cracker Agrees to $10M Shakedown from PA, Restarting Now”

  • Energy Services | Equitrans/EQT Midstream | Industrywide Issues | Pennsylvania | Pipelines | Regulation | Statewide PA | Statewide VA | Statewide WV | Virginia | West Virginia

    New Bill Introduced by PA Congressman Would Finish MVP This Year

    May 25, 2023May 25, 2023

    Last Thursday, a Congressman from Pennsylvania, John Joyce (a physician from Altoona, PA), introduced House of Representatives Bill (HR) 3500, called the “Mountain Valley Pipeline Completion Act” (copy below). Which we find interesting because Mountain Valley Pipeline (MVP) does not touch PA, although a PA company, Equitrans, is building it. The 303-mile MVP pipeline starts in Wetzel County, WV, and runs through WV into Virginia, ending in Pittsylvania County, VA. The project has been stalled for years due to repeated lawsuits from foreign-funded Big Green groups. HR 3500, aimed at finishing MVP, was co-sponsored by U.S. Reps. Carol Miller (R-WV), Guy Reschenthaler (R-PA), Mike Kelly (R-PA), Dan Meuser (R-PA), and Alex Mooney (R-WV). Here’s what the bill would do…
    Read More “New Bill Introduced by PA Congressman Would Finish MVP This Year”

  • Electrical Generation | Industrywide Issues | Litigation | Pennsylvania | Regulation | Statewide PA

    PA Supreme Court Justices Split Over RGGI – Carbon Tax or Fee?

    May 25, 2023May 25, 2023

    Yesterday the six sitting justices of the Pennsylvania Supreme Court (currently one vacancy due to the death of Chief Justice Max Baer last fall) heard oral arguments in a case about the so-called Regional Greenhouse Gas Initiative (RGGI)–a carbon tax scheme aimed at shutting down coal- and natural gas-fired power plants in the state. As is often the case, this Supreme Court case is about a technicality in the law. A lower court (PA Commonwealth Court) blocked the state’s entrance into RGGI last year until a lawsuit challenging PA’s participation could play out (see PA Judge Reinstates Order Blocking PA’s Entry into RGGI Carbon Tax). The Supremes heard arguments about whether or not the lower court should have temporarily blocked RGGI. However, yesterday’s discussion by the justices kept drifting back to the core issue: Is RGGI a “fee” as it claims, or is it a tax?
    Read More “PA Supreme Court Justices Split Over RGGI – Carbon Tax or Fee?”

  • Anti-Drilling/Fossil Fuel | Carbon Capture | Industrywide Issues

    UN Turns Against Carbon Removal Tech as “Unproven” and “Risky”

    May 25, 2023May 25, 2023

    We have warned you, repeatedly, that environmental leftist wackos will NEVER accept fossil fuel energy under any circumstances. If you were to wave a magic wand and take away all carbon dioxide (CO2) emissions from fossil energy, they would still reject it. And we have proof of our assertion. The United Nations (UN), a body governed by leftist thugs and tyrants, now says using machines to remove vast amounts of CO2 from the air and sea to fight climate change is “unproven” and contains “unknown” risks. Ergo, we shouldn’t even try it. Ergo, we must eliminate the use of all fossil fuel energy to save the planet from burning to a cinder.
    Read More “UN Turns Against Carbon Removal Tech as “Unproven” and “Risky””

  • Carbon Capture | Industrywide Issues

    Carbon Offsets are a Scam – CEO of Largest CO2 Certifier Resigns

    May 25, 2023May 25, 2023

    We’ve often compared carbon dioxide (CO2) offsets, or carbon credits, as akin to the practice of the Catholic Church selling indulgences in the Middle Ages to absolve you of your sins (see our stories here). But that doesn’t really work, does it? Your sins don’t magically go away if you pay money. It’s the same with carbon offsets or carbon credits. Companies that buy an offset can keep right on “polluting” or emitting CO2. The overall level of CO2 “pollution” doesn’t change. Paying someone to plant a few trees or use a contraption to suck the CO2 back out of the atmosphere is a scam. A lie. And now, the companies formed to traffic in carbon offsets are being exposed as the frauds they are.
    Read More “Carbon Offsets are a Scam – CEO of Largest CO2 Certifier Resigns”

  • CNG/LNG | Exporting | Industrywide Issues | Research

    EIA Report Ponders the Effect of LNG Exports on U.S. NatGas Market

    May 25, 2023May 25, 2023

    In March, the U.S. Energy Information Administration (EIA) published its Annual Energy Outlook 2023 (see EIA Annual Outlook Predicts O&G, M-U Still Going Strong in 2050). In AEO2023, the EIA considers long-term energy trends in the U.S. and presents an outlook for energy markets through 2050. The same EIA number crunchers are back with a supplement to AEO2023–a report that looks at the effects of exporting LNG on domestic U.S. natgas markets.
    Read More “EIA Report Ponders the Effect of LNG Exports on U.S. NatGas Market”

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

    Dick Glick is Back! DC Consultancy Lobbies Against Fossil Energy

    May 25, 2023May 25, 2023
    Richard Glick

    Richard “Dick” Glick, former Chairman of the Federal Energy Regulatory Commission (FERC), stepped down from FERC in early January after Sen. Joe Manchin refused to conduct a hearing on reappointing him (see Willie Phillips Takes Over as Acting FERC Chairman, Dick Glick Gone). Prior to FERC, Glick was a former wind lobbyist (see Dems Pick Wind Lobbyist for FERC Appointment). We can count on one hand the number of new gas pipeline projects Glick voted to approve. Thank God he’s gone. But what’s this? Like a bad penny, Glick has turned up again. And guess what he’s doing…
    Read More “Dick Glick is Back! DC Consultancy Lobbies Against Fossil Energy”

  • MUI

    MDN Upstream Index (MUI) – May 25, 2023

    May 25, 2023May 25, 2023

    The most recent day of active trading was Wed., May 24, 2023. The numbers below reflect yesterday’s closing numbers.


    Read More “MDN Upstream Index (MUI) – May 25, 2023”

  • Best of the Rest

    Other Stories of Interest: Thu, May 25, 2023

    May 25, 2023May 25, 2023

    NATIONAL: The time to expand mining and streamline permitting is now; INTERNATIONAL: Oil extends rally led by Saudi warning; UK windfall tax case study.
    Read More “Other Stories of Interest: Thu, May 25, 2023”

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