Unrelated Explosions at OH Utica Well Pad, WV Brine Plant
We have two explosions and resulting fires to tell you about–neither related to the other, except they happened two days apart and maybe one hour’s drive apart (as the crow flies). The first was an explosion and fire at the Fairmont Brine Processing facility in Fairmont (Marion County), WV, on May 30. The second was an explosion and fire at a Utica Shale well pad owned by Utica Resources near Lore City (Guernsey County), OH, on June 1. Both appear to be accidents. The only injury reported was a minor injury at the Utica well pad site (a worker on-site refused treatment). The main concern was that the brine treatment plant may have stored or handled radioactive material. The WV Dept. of Environmental Protection (DEP) tested and found no radioactive contamination had spread from the fire.
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An advisory note from Citi analyst Paul Diamond, picked up by the Seeking Alpha investor website, says U.S. natural gas producers are “primed for a wave of consolidation” in the medium term. Near the top of the list of potential takeover targets is, according to Diamond, Southwestern Energy, which had concentrated mainly on the Marcellus/Utica region until 2021, when it went wandering into Haynesville drilling. Who might be interested in buying Southwestern?
Last week shale drillers could, for the first time, begin to apply for permits to drill under (not on top of) Ohio state lands and state parks under newly formulated rules established by the Ohio Oil & Gas Land Management (OGLM) Commission (see 
In March, MDN brought you the news that New Fortress Energy (NFE) confirmed with the Securities and Exchange Commission (SEC) that it plans to apply for updated permits to build an LNG export plant in landlocked northeastern Pennsylvania (see 
Last December, Rice Acquisition Corp II, a special purpose acquisition company (SPAC) started by the Rice brothers (Danny, Toby, and Derek), announced a deal to acquire NET Power–an electric power developer with revolutionary new technology to capture every last molecule of carbon dioxide from natural gas-fired power plants (see 
There is no doubt that LNG (liquefied natural gas) exports are a key and increasingly critical customer for our domestic natural gas–including gas produced in the Marcellus/Utica. The evil (and clever) minds of anti-fossil fuel zealots are always thinking up new ways to block domestic oil and gas production. Their latest strategy is to pressure (i.e., bully) Big Insurance companies into dropping insurance policies for LNG export plants. If the plants can’t get insurance to protect them against potential disasters, they can’t operate.
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