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Marcellus Drilling News
  • Energy Services | Equitrans/EQT Midstream | Industrywide Issues | Pipelines | Regulation | Statewide WV | West Virginia

    Court Filing Says MVP Construction to Restart by End of June

    June 14, 2023June 14, 2023

    On June 8, the West Virginia Dept. of Environmental Protection issued a renewed Section 401 water quality certification for the 303-mile Mountain Valley Pipeline (MVP) project. In a court filing by MVP that shoves the news in the faces of the corrupt Democrat three-judge panel of the U.S. Court of Appeals for the Fourth Circuit, the judges are told as soon as the U.S. Army Corps of Engineers issues a Section 404 water permit (deadline is June 24), construction will resume to finish up the final 6% of the MVP project. And there’s not a darned thing the 4th Circuit can do to stop it. Sweet victory. Sweet justice.
    Read More “Court Filing Says MVP Construction to Restart by End of June”

  • Industrywide Issues | Noble County | Ohio | Regulation

    9th Request to Frack Under OH State Land – Wolf Run State Park

    June 14, 2023June 14, 2023

    Two weeks ago, 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 Ohio State Lands Now Open for O&G Leasing – Virtual Ribbon-Cutting). Last week we brought you the list of the first eight “nominations” (requests) to drill under Ohio state land once the door opened (see 8 Ohio State Land Locations Nominated for Utica Shale Drilling). We now have a ninth nomination/request to drill–this one a request to drill under 2,000 acres of Wolf Run State Park in Noble County.
    Read More “9th Request to Frack Under OH State Land – Wolf Run State Park”

  • Industrywide Issues | Research

    Top 25 Buyers and Top 25 Sellers of U.S. Natural Gas in 2022

    June 14, 2023June 14, 2023

    The experts at NGI (Natural Gas Intelligence) have poured over the numbers found in Form 552s filed with the Federal Energy Regulatory Commission (FERC). Form 552 is the Annual Report of Natural Gas Transactions–the buying and selling of natural gas. From the data, NGI produced two very useful lists. One is the top 25 buyers of natural gas and a separate list for the top 25 sellers of natural gas–for all of 2022. Both lists are further broken down by gross and net buyers and sellers. It won’t surprise you to see most publicly-traded Marcellus/Utica drillers appearing on the top 25 sellers list…
    Read More “Top 25 Buyers and Top 25 Sellers of U.S. Natural Gas in 2022”

  • Industrywide Issues | Regulation | Statewide WV | Taxation | West Virginia

    EPA’s New Methane Tax (from Manchin’s IRA Law) is a Hot Mess

    June 14, 2023June 14, 2023

    Last year after the shocking news that U.S. Senator Joe Manchin (from West Virginia) had sold out his state and the entire country by agreeing to support the misnamed Inflation Reduction Act (IRA) bill, the details began to come out about just how bad this law really is for the oil and gas industry. First and foremost, it empowers the federal EPA to slap a new methane tax on oil and gas activities (see Joe Manchin’s Green New Deal Cave Slaps O&G with Big Methane Tax). The EPA, which is not a taxing authority, is now attempting to implement the onerous new tax. To put it mildly, the EPA’s efforts are a hot mess.
    Read More “EPA’s New Methane Tax (from Manchin’s IRA Law) is a Hot Mess”

  • CNG/LNG | Exporting | Industrywide Issues

    Time Crunch for Freeport LNG to Make FID, Build 4th Export Train

    June 14, 2023June 14, 2023

    Freeport LNG’s export terminal with three liquefaction “trains” shut down in June 2022 after an explosion and fire (see Explosion Rocks Freeport LNG Export Plant – Offline for 3 Weeks). What was originally thought to be a three-week outage lasted for ten months! The plant finally returned online at the end of March this year (see Freeport LNG Plant Back to Full Capacity Using 2.1 Bcf/d of NatGas). Taking a back seat due to dealing with the outage were plans to build a fourth liquefaction train at Freeport. The clock is ticking, and time is rapidly running out if Freeport still wants to build it.
    Read More “Time Crunch for Freeport LNG to Make FID, Build 4th Export Train”

  • Anti-Drilling/Fossil Fuel | Crude Oil | Industrywide Issues | Research

    LOL! Bloomberg Predicts (Wait for it….) Peak Oil Demand by 2029

    June 14, 2023June 14, 2023

    Almost from the first day when MDN editor Jim Willis began to write the MDN blog/news site, he heard of the concept of “peak oil.” For many years, peak oilers said that the world’s oil supply would soon run out–there’s just not enough oil left to extract out of the ground. Which is a joke. When the world saw the power of shale energy, it became evident even to the most hardened liars that they could no longer sell the concept of peak oil supply. Seemingly overnight, they changed and began to peddle peak oil demand. The lefties at Bloomberg are now predicting peak oil (for all uses) is coming in 2029. Which reminds us of the end-of-the-world predictions that surface from various cults every few years. This time it’s a prediction coming from the cult of anti-fossil fuelism.
    Read More “LOL! Bloomberg Predicts (Wait for it….) Peak Oil Demand by 2029”

  • Carbon Capture | Industrywide Issues

    The Potential Dangers of CCS – Sequestering CO2 Underground

    June 14, 2023June 14, 2023
    click for larger version

    Carbon capture and sequestration (CCS), storing captured carbon dioxide underground, is all the rage in the oil and gas industry. Necessarily so, because we have decided to play the left’s game when it comes to CO2 supposedly causing global warming. When you play their game, you quickly learn they can (and do) change the rules of the game at any time–while you’re playing it! Oil and gas companies, in an effort to prove they are responsible and not the evil dregs of society they are portrayed to be, are attempting to capture and store as much CO2 as possible. But did you know that if that CO2 leaks out of its underground storage, the results can be catastrophic?
    Read More “The Potential Dangers of CCS – Sequestering CO2 Underground”

  • Best of the Rest

    Other Stories of Interest: Wed, Jun 14, 2023

    June 14, 2023June 14, 2023

    OTHER U.S. REGIONS: Natgas production in Permian sets new record in 2022; NATIONAL: Limitations to mining for electricity; Goldman Sachs cuts oil price forecast by almost 10%; INTERNATIONAL: U.S. warned Ukraine not to attack Nord Stream.
    Read More “Other Stories of Interest: Wed, Jun 14, 2023”

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