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Marcellus Drilling News
  • Electrical Generation | Industrywide Issues | Regulation | Statewide VA | Taxation | Virginia

    Va. Air Board Approves Gov. Youngkin’s Plan to Withdraw from RGGI

    June 9, 2023June 9, 2023

    In 2021 as he was running for the office of Governor in Virginia, Glenn Youngkin pledged if he won, he would remove the state from the onerous carbon tax on coal- and gas-fired power plants called the Regional Greenhouse Gas Initiative (RGGI). True to his word, after winning, Younkin pledged to ax RGGI with an executive order (see VA’s New Republican Gov Pledges to Cancel RGGI Carbon Tax). But then Virginia’s Democrat Attorney General declared Younkin could not just use an executive order to remove the state from RGGI (see Va. Gov. Youngkin Can’t Use Exec Order to Block RGGI Carbon Tax). It’s taken over a year, but Youngkin is now on the verge of keeping his RGGI promise following a vote by the Va. Air Pollution Control Board.
    Read More “Va. Air Board Approves Gov. Youngkin’s Plan to Withdraw from RGGI”

  • Anti-Drilling/Fossil Fuel | Electrical Generation | Industrywide Issues | Pennsylvania | Research | Statewide PA | Taxation

    Big Green Sham “Report” Says PA RGGI Carbon Tax Cuts Electric Bills

    June 9, 2023June 9, 2023

    A radicalized left-wing organization hellbent on forcing the end of fossil energy called Evergreen Action, along with another radical nonprofit called Ceres, partnered and paid a for-profit company called Synapse Energy Economics (that works exclusively for left-wing groups) to produce a completely sham and false “report” that (try not to laugh) claims Pennsylvania residents will pay less for their electricity under the onerous, Marcellus-killing Regional Greenhouse Gas Initiative (RGGI) carbon tax.
    Read More “Big Green Sham “Report” Says PA RGGI Carbon Tax Cuts Electric Bills”

  • Anti-Drilling/Fossil Fuel | Energy Services | Equitrans/EQT Midstream | Industrywide Issues | Pipelines

    Climate Crazies & Brainwashed Kids Protest MVP at White House

    June 9, 2023June 9, 2023

    Yesterday a group of paid activists and climate zealots showed up at the White House to protest the debt ceiling bill provision that forces the completion of the 94%, very safe, Mountain Valley Pipeline (MVP) project. In what has to be one of the saddest things we’ve seen coming from the leftwing nutmob, one parent actually pushed her seven-year-old to the microphone to tear up and declare MVP would ruin the environment. Oh, and the kid doesn’t even live along the path of the pipeline! Not even in the same state!! That’s called brainwashing. What kind of parent scares their kid like this, telling them lies about a simple and safe natural gas pipeline? SHAME on you.
    Read More “Climate Crazies & Brainwashed Kids Protest MVP at White House”

  • ESG | Industrywide Issues

    MiQ & Highwood Release New Index to Measure O&G Methane Intensity

    June 9, 2023June 9, 2023

    MiQ and Highwood Emissions Management (HEM) yesterday released the world’s first “open-access, measurement-informed methane intensity index” for the U.S. natural gas sector. The MiQ-Highwood Index™ estimates (and the keyword there is ESTIMATES) a methane emissions intensity of 1% leakage from the production sector alone, and 2.2% leakage for the entire natural gas supply chain. Those numbers exceed current national averages suggested by the EPA’s Greenhouse Gas Inventory and GREET natural gas pathway models. The aim of the new MiQ-Highwood Index is methane shaming–to shame producers and pipeline companies into spending gobs of money to prevent every last molecule of methane from “escaping” (like a fugitive) into Mom Earth’s atmosphere.
    Read More “MiQ & Highwood Release New Index to Measure O&G Methane Intensity”

  • Electrical Generation | Industrywide Issues | M&A

    NET Power Completes $1.5B Merger with Rice Acquisition Corp.

    June 9, 2023June 9, 2023

    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 Dan Rice Buys Co. that Builds Zero-Carbon Gas-Fired Electric Plants). The Rice deal to buy NET Power happened yesterday, and Danny Rice is the new CEO of NET Power.
    Read More “NET Power Completes $1.5B Merger with Rice Acquisition Corp.”

  • Antero Resources | Ascent Resources | Belmont County | Bradford County | Chesapeake Energy | Energy Companies | EQT Corp | Greene County (PA) | Guernsey County | Ohio | Pennsylvania | Range Resources Corp | Ritchie County | Southwestern Energy | Washington County | Weekly Permits | West Virginia

    25 New Shale Well Permits Issued for PA-OH-WV May 29-Jun 4

    June 9, 2023June 9, 2023

    New shale permits issued for May 29-Jun 4 in the Marcellus/Utica finally went higher again last week. There were 25 new permits issued, up from the dismal 8 new permits issued the previous week. Last week’s permit tally included 13 new permits for Pennsylvania, 6 new permits for Ohio, and 6 new permits in West Virginia. EQT scored the most new permits with 7 issued in Greene County, PA. Close behind in the #2 position was Antero Resources, with 6 new permits issued in Ritchie County, WV.
    Read More “25 New Shale Well Permits Issued for PA-OH-WV May 29-Jun 4”

  • Best of the Rest

    Other Stories of Interest: Fri, Jun 9, 2023

    June 9, 2023June 9, 2023

    OTHER U.S. REGIONS: Calif. will fall 21% short of power needed to meet 2045 EV mandate; NATIONAL: O&G companies jumping on hydrogen, but overrated; INTERNATIONAL: Macquarie group reveals oil market outlook; Russia ratifies agreement on natural gas supply with China.
    Read More “Other Stories of Interest: Fri, Jun 9, 2023”

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