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  • About MDN

    MDN Website Updates

    June 21, 2023June 21, 2023

    A few months ago, MDN hired an expert webmaster and tech guy to manage, maintain, and upgrade the website. Recently MDN began to experience some technical issues due to an aging “theme” we use on our WordPress website. Things came to a head recently, and our new expert recommended a theme upgrade. We’re happy to say it’s here! Hopefully, you won’t notice many, if any, changes in the website. It still looks and behaves pretty much as it always has. And that is the point. No disruptions.

    The link colors and a few other things have changed, but overall the site should work as it always has–hopefully better. Jim’s request of you, our faithful readers: If you notice any problems or issues, please send Jim an email (jim@marcellusdrilling.com) describing what it is. Inevitably, one or two things will escape our notice when doing a website upgrade. Feel free to point them out.

    In the coming months, Jim will explore an upgrade to the ancient “membership” program that manages access for paid subscribers. And possibly a new cart/credit card service (instead of Paypal). We will let you know as these changes come along and do our best to minimize any disruptions to the MDN service.

  • Industrywide Issues | Pennsylvania | Research | Statewide PA | Taxation

    PA PUC Distributes $279M from Impact Tax – Highest Ever!

    June 21, 2023June 21, 2023
    click for larger version

    Yesterday the Pennsylvania Public Utility Commission (PUC) posted detailed information about this year’s distribution of last year’s impact fees generated by natural gas producers. Great news! PA raised $278.8 million from Act 13 impact fees (PA’s version of a severance tax). That is the HIGHEST amount raised and distributed by impact fees since the beginning of the program (and $44 million higher than last year). The impact fee is based, in part, on the NYMEX Henry Hub price of natural gas. The HH price soared last year–to levels we haven’t seen in over a decade. County and municipal governments directly affected by drilling are receiving $157 million for the 2022 reporting year–a little over half of the revenue raised. The rest goes into the black hole of Harrisburg, where PA politicians use it as play money for their favorite causes.
    Read More “PA PUC Distributes $279M from Impact Tax – Highest Ever!”

  • Crude Oil | Energy Companies | Exxon Mobil | Hydraulic Fracturing | Industrywide Issues

    Exxon Working on Second Shale Revolution Using New Innovations

    June 21, 2023June 21, 2023

    Earlier this month, we noticed a short Bloomberg article about a stray comment made by Exxon Mobile CEO Darren Woods. He was speaking at the Bernstein Annual Strategic Decisions Conference held on June 1 in New York City. Woods said he has tasked the brainiacs who work for Exxon to figure out a way to improve fracking, which (Woods said), is still “not well understood.” Woods wants to double oil recovery from fracked wells. Folks, doubling oil (and gas!) recovery via fracking would launch the second shale revolution!
    Read More “Exxon Working on Second Shale Revolution Using New Innovations”

  • Industrywide Issues | Pennsylvania | Regulation | Statewide PA

    PA State Sen. Yaw Intros Bill to Establish Independent Energy Office

    June 21, 2023June 21, 2023

    The great state of Pennsylvania has an Independent Fiscal Office (IFO), created by Act 120 of 2010 and Act 100 of 2016. The IFO analyzes fiscal proposals made by state agencies and is nonpartisan with its analyses. PA State Senator Gene Yaw, from Lycoming County, introduced a bill earlier this week to create an Independent Energy Office (IEO) modeled along the same line as the IFO. It’s time to get an objective view of the policies proposed by both the left and the right–and how those energy policies will affect residents of PA.
    Read More “PA State Sen. Yaw Intros Bill to Establish Independent Energy Office”

  • Industrywide Issues | M&A

    Drilling Tools Intl Merges with ROC Energy Acquisition, Goes Public

    June 21, 2023June 21, 2023

    Drilling Tools International (DTI) has just received a major cash infusion of $40.8 million to expand and begin trading as a public company. DTI is a Houston, Texas-based oilfield services company that manufactures and rents downhole drilling tools used in horizontal and directional drilling of oil and natural gas wells. DTI, a private company until now, operates from 22 locations across North America, Europe, and the Middle East, including a location in Charleroi (Washington County), PA, where it services Marcellus/Utica drillers.
    Read More “Drilling Tools Intl Merges with ROC Energy Acquisition, Goes Public”

  • Anti-Drilling/Fossil Fuel | Electrical Generation | Industrywide Issues | Litigation

    Radicals Sue to Block TVA from Converting Coal to NatGas Elec.

    June 21, 2023June 21, 2023

    The Tennessee Valley Authority (TVA) is a federally-owned electric utility corporation in the U.S. TVA’s service area covers all of Tennessee, portions of Alabama, Mississippi, and Kentucky, and small areas of Georgia, North Carolina, and Virginia. TVA is the sixth-largest power supplier and the largest public utility in the U.S. Two years ago, MDN told you that TVA is spending over $1 billion to replace six coal-fired plants with natgas-fired turbines (see TVA Investing $1B to Build New Natgas-Fired Electric Plants). In December, TVA recommended moving forward with replacing one of the six–a coal-fired plant located near Cumberland City, Tennessee–with a natural gas combined-cycle power plant (see TVA Recommends Replacing Cumberland Coal Plant w/Natural Gas). Several radicalized leftist groups have just filed a lawsuit to block the upgrade. Surprised?
    Read More “Radicals Sue to Block TVA from Converting Coal to NatGas Elec.”

  • Industrywide Issues | Pipelines | Regulation

    Debt Deal has Potential to Modernize NEPA Reviews, Maybe

    June 21, 2023June 21, 2023
    baby steps

    On June 3, President Joe Biden signed the Fiscal Responsibility Act of 2023 (FRA), which raises the debt ceiling into the stratosphere, into law. The FRA contains a critical provision to force the Mountain Valley Pipeline project completion in West Virginia and Virginia (see Equitrans Announces Mountain Valley Pipe to Get Completed in 2023). The new law also contains what we would call a baby-half-step toward “permitting reform,” making it easier and taking less time to build new pipelines and other kinds of energy projects.
    Read More “Debt Deal has Potential to Modernize NEPA Reviews, Maybe”

  • Industrywide Issues | Research

    IEA Net Zero Roadmap is a Green Mirage Devastating Economies

    June 21, 2023June 21, 2023

    MDN has repeatedly warned you that the International Energy Agency (IEA) has become a political shill for the extreme left environmental movement. Two years ago, the IEA published its laughable Net Zero Roadmap (see Intl Energy Agency Says World Should Stop All New O&G Development). In the Roadmap, IEA made the preposterous claim that if the world (i.e. the U.S.) doesn’t stop all new drilling for oil and gas immediately, the earth will toast itself into oblivion by 2050. The left used the report as a bludgeon to force banks and investors to scale back fossil fuel investments. A new report by the Energy Policy Research Foundation, Inc. (EPRINC) obliterates the claims of the IEA Net Zero Roadmap. It warns investors that if they follow the IEA Roadmap and scale back fossil fuel investments, they will violate their fiduciary (legal) responsibilities to investors.
    Read More “IEA Net Zero Roadmap is a Green Mirage Devastating Economies”

  • Best of the Rest

    Other Stories of Interest: Wed, Jun 21, 2023

    June 21, 2023June 21, 2023

    NATIONAL: More than two-thirds of Americans, including Dems, oppose ban on gas stoves; Rubio, Cassidy introduce bill to expand gas exports to U.S. allies; Summer’s arrival to prompt surge in natural gas demand.
    Read More “Other Stories of Interest: Wed, Jun 21, 2023”

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