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

    MVP Completion in 2023 Gives New Hope for MVP Southgate in NC

    June 13, 2023June 13, 2023

    It took an Act of Congress, but the 303-mile Mountain Valley Pipeline (MVP), which stretches from Wetzel County, WV, to Pittsylvania County, VA, will be, according to the builder and primary owner, Equitrans, completed and online by the end of this year (see Equitrans Announces Mountain Valley Pipe to Get Completed in 2023). Equitrans had big plans to expand MVP an extra 75 miles from Pittsylvania County to Alamance County, NC, a project called MVP Southgate. However, given the pushback and obstacles in completing the original MVP, Equitrans appeared to give up on Southgate last October (see Equitrans Signals Giving Up on MVP Southgate – Pulls Eminent Domain).
    Read More “MVP Completion in 2023 Gives New Hope for MVP Southgate in NC”

  • Anti-Drilling/Fossil Fuel | Electrical Generation | Industrywide Issues | Regulation | Statewide WV | West Virginia

    WV Legislators Introduce Bill to Block EPA Power Plant Regulations

    June 13, 2023June 13, 2023

    In May, the Bidenistas at the Environmental Protection Agency (EPA) released a hellscape of new regulations aimed at forcing coal- and natural gas-fired power plants to close (see New Biden EPA Regs a “Death Sentence” for Fossil-Fuel Power Plants). West Virginia coal, oil, and natural gas stakeholders, along with state politicians, are unhappy. There is noise that WV Attorney General Patrick Morrisey will lead a new court challenge against these latest EPA regulations (see WV to Lead New Legal Challenge of EPA Power Plant Emissions Regs). However, WV’s Republican Congressional delegation isn’t waiting for a court challenge.
    Read More “WV Legislators Introduce Bill to Block EPA Power Plant Regulations”

  • Industrywide Issues | Research

    EIA June DPR: Haynesville Growth Stumbles, Permian Gas Grows

    June 13, 2023June 13, 2023
    click for larger version

    The latest monthly U.S. Energy Information Administration (EIA) Drilling Productivity Report (DPR) for June issued yesterday (below) shows a slowdown in the growth of natural gas production for the seven shale plays covered in the report. That does not mean we will produce less gas from shale in the coming month; it means the growth rate of new (all-time high) supplies is slowing. At some point, we expect to see negative growth–i.e., shrinking production. It’s coming. Of particular note in this report is that the Haynesville will add very little new production in the next month. Even bigger news: Haynesville production in June is down from May!
    Read More “EIA June DPR: Haynesville Growth Stumbles, Permian Gas Grows”

  • Energy Companies | ESG | Industrywide Issues | Northeast Natural Energy | Seneca Resources

    Seneca, NNE, Begin Selling 1 Bcf/d of Certified NatGas on CG Hub

    June 13, 2023June 13, 2023

    Two major Marcellus/Utica drillers–Seneca Resources and Northeast Natural Energy (NNE)–have joined the CG Hub, the world’s first commodities trading platform focused exclusively on certified natural gas and certified natural gas certificates. Seneca and Northeast now provide access to a combined 1+ billion cubic feet per day (Bcf/d) of certified natural gas to traders via the CG Hub.
    Read More “Seneca, NNE, Begin Selling 1 Bcf/d of Certified NatGas on CG Hub”

  • Hydraulic Fracturing | Industrywide Issues

    Frackers Look to Increase Productivity with Refracs, New Tech

    June 13, 2023June 13, 2023

    Is shale energy beginning to peter out? We’re beginning to see stories in oil and gas publications about how the best locations to drill for shale oil and gas are gone, and the less desirable, less productive locations are now left. We don’t know if that’s true, but it seems people whose multi-billion-dollar businesses depend on it believe it–people like the CEO of Exxon Mobil, Darren Woods. The general attitude that we’re running out has led to two notable strategies to keep the good times rolling: (1) refracing existing wells, and (2) researching new technologies and techniques to get more oil and gas from existing and new wells.
    Read More “Frackers Look to Increase Productivity with Refracs, New Tech”

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

    Bidenistas All-In on Banning Natural Gas Stoves in Homes

    June 13, 2023June 13, 2023

    In January, the hard-left Bidenistas who control the U.S. Consumer Product Safety Commission (CPSC) floated a trial balloon that they want to ban natural gas stoves, forcing you (if you have one) to replace it with an electric stove at the cost of around $1,400 (see Bidenistas Make a Run at Banning Natural Gas Stoves Nationwide). The stated reason for forcing a change is that gas stoves supposedly emit cancer-causing and asthma-causing chemicals (a demonstrably false claim). There are roughly 50 million gas stoves in use in homes across the U.S. There was such an uproar over this news that the White House and the CPSC appeared to walk back their comments. Still, in the very next breath, they contradicted themselves (see Bidenistas Caught in Their Own Lies re Banning Gas Stoves). We now have positive proof that the Bidenistas were lying and that they want to ban your gas stove. It all connects to a gas ban in Berkeley, California.
    Read More “Bidenistas All-In on Banning Natural Gas Stoves in Homes”

  • Commodity Price | Crude Oil | Industrywide Issues

    Stock Analyst/Trader Predicts Global Energy Crisis in ~100 Days

    June 13, 2023June 13, 2023

    An energy analyst and trader writing on the Seeking Alpha investor’s website published an intriguing post this morning that claims we are a few months away from the “potential start of a global energy crisis.” He predicts a massive energy price spike starting this fall and into next year, with both oil and gas prices potentially setting new all-time highs. He cites cuts in OPEC+ oil production, the big drop in U.S. shale drilling, and Europe’s “precarious” natural gas situation will combine to spike energy prices. Is he right?
    Read More “Stock Analyst/Trader Predicts Global Energy Crisis in ~100 Days”

  • Best of the Rest

    Other Stories of Interest: Tue, Jun 13, 2023

    June 13, 2023June 13, 2023

    NATIONAL: Duke Energy to sell Commercial Renewables unit in $2.8 bln deal; Carbon capture, CO2 removal to play key decarbonization role; U.S. ethane exports set a monthly record in March 2023; Biden’s next climate coup: taxpayer-funded “green banks”; INTERNATIONAL: Apache halts UK North Sea oil, gas drilling on ‘burdensome’ regime; Britain’s green energy disaster should be a warning to Americans.
    Read More “Other Stories of Interest: Tue, Jun 13, 2023”

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