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  • Anti-Drilling/Fossil Fuel | Health Impacts | Hydraulic Fracturing | Industrywide Issues | Pennsylvania | Research | Statewide PA

    PA Dept. of Health to Release $2.5M Study on Shale & Kid Cancer

    August 10, 2023August 10, 2023

    In December 2020, then-Gov. Tom Wolf announced a $2.5 million contract had been awarded to the University of Pittsburgh (Pitt) Graduate School of Public Health to “conduct research on the potential health effects of hydraulic fracturing in Pennsylvania” (see Pitt Researchers Get $2.5M for Fake Study to Link Shale & Kid Cancer). As we have pointed out from the beginning, to study a single potential cause for cancer (fracking) and not any other causes (like a nearby abandoned uranium dump) is not real science. Next Tuesday, August 15, the Pennsylvania Dept. of Health and Pitt researchers will unveil their “research” in an in-person and online extravaganza.
    Read More “PA Dept. of Health to Release $2.5M Study on Shale & Kid Cancer”

  • Anti-Drilling/Fossil Fuel | Dominion Energy | Electrical Generation | Energy Services | Industrywide Issues | Virginia

    Big Green Grifter McKibben Joins Fight Against Va. Gas-Fired Plant

    August 10, 2023August 10, 2023
    Bill McKibben, 350.org

    Dominion Energy, a huge utility company and power generator headquartered in Virginia, recently dusted off its plan to build the Chesterfield Energy Reliability Center in the James River Industrial Center (see Dominion Plans to Build 1,000-MW Gas Peaker Plant Near Richmond, VA). The project includes building four 250-megawatt gas-fired power plants (1,000 MW total) that can jump into action during the coldest and hottest days of the year to help supply enough electricity for 250,000 homes on days when the sun doesn’t shine, and the wind doesn’t blow. A small group of antis (mostly from Big Green groups) recently gathered outside an elementary school to oppose the plan (see Small Group of Antis Oppose Dominion Chesterfield Peaker Plant). Their efforts to focus attention on the project failed, so they’ve called in “the big guns”–namely Bill McKibben, head of the radicalized 350.org.
    Read More “Big Green Grifter McKibben Joins Fight Against Va. Gas-Fired Plant”

  • Clay County | Cunningham Energy | Energy Companies | Industrywide Issues | M&A | West Virginia

    Houston Natural Resources Corp. Buys WV’s Cunningham Energy LLC

    August 10, 2023August 10, 2023

    In 2015 Cunningham Energy, a small oil driller based in West Virginia, struck oil in the Big Injun sandstone formation in Clay County, WV (see Cunningham Strikes Oil in West Virginia’s Big Injun Territory). In 2017 the company reported producing 20,000 barrels of oil from two new shallow horizontal oil wells in Clay County, targeting the Big Injun (see Cunningham Energy Strikes More Oil in WV). Cunningham drilled two more wells on the same pad, the Lions Paw pad in 2019 (see Cunningham’s WV Lions Paw Pad Roars, Produces 100K Bbl of Oil). Since then, we haven’t heard or read any more news about Cunningham. The company is back in the news in a big way: Houston Natural Resources Corp (HNRC) has completed a 100% interest in Cunningham. That is, Cunningham was bought out by HNRC.
    Read More “Houston Natural Resources Corp. Buys WV’s Cunningham Energy LLC”

  • Industrywide Issues | Lease & Royalty Payments | M&A

    WhiteHawk Energy Proposes Forced Merger with PHX Minerals, Inc.

    August 10, 2023August 10, 2023

    At the end of May, WhiteHawk Energy, headquartered in Philadelphia with ownership of mineral and royalty interests for 850,000 gross unit acres and over 2,500 producing horizontal shale wells between the Marcellus and the Haynesville, sent a letter to the board and management of PHX Minerals, based in Fort Worth, Texas, owner of 75,000 leased mineral acres principally located in the SCOOP and Haynesville plays. The letter proposes marriage–a combination of the two companies. WhiteHawk received no response and tried again about three weeks later. Still nothing. So WhiteHawk has gone public to catch the attention of PHX shareholders, hoping to convince them to pressure PHX’s board–the M&A equivalent of a shotgun wedding.
    Read More “WhiteHawk Energy Proposes Forced Merger with PHX Minerals, Inc.”

  • Commodity Price | Industrywide Issues

    HH Gas Price Finally Flirts with $3 Again; Is the Trend Our Friend?

    August 10, 2023August 10, 2023

    Yesterday MDN editor Jim Willis had a nice chat with a renewing MDN subscriber (a landowner with wells and leases in Ohio). The question arose, “What do you see happening right now?” Jim’s response: “As long as the price of natural gas stays below $3, not much!” Jim made the point that price drives this industry, and ongoing prices in the basement aren’t helping. Can we get an amen? Both Jim and the subscriber agreed that gas prices may be heading higher soon. That conversation seems to have been prescient. Yesterday the front-month Henry Hub NYMEX futures price rocketed to a six-week high, close to $3 (closing at $2.96/Mcf). Are we finally going to go above, and stay above, $3 gas?
    Read More “HH Gas Price Finally Flirts with $3 Again; Is the Trend Our Friend?”

  • Electrical Generation | Industrywide Issues | Regulation | Statewide WV | West Virginia

    EEI, 21 States Unload on Biden EPA re New Gas-Fired Plant Regs

    August 10, 2023August 10, 2023

    In May, the Bidenistas at the Environmental Protection Agency (EPA) released a hellscape of new regulations (681 pages) 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). The editors of the Wall Street Journal called the new EPA regulations “An EPA Death Sentence for Fossil-Fuel Power Plants,” with the subtitle “The Biden agency’s new rule means the end of natural gas-fueled electricity.” Although usually in bed with the government, utility companies, most of them represented by the Edison Electric Institute (EEI) trade organization, filed official comments on Tuesday, objecting to the proposed regulations. Also filing comments against the regs was a coalition of 21 states headed by West Virginia. It seems nobody wants these regulations.
    Read More “EEI, 21 States Unload on Biden EPA re New Gas-Fired Plant Regs”

  • Commodity Price | Crude Oil | Industrywide Issues | Research

    EIA Predicts 2023 & 2024 Record High NatGas Production – Aug STEO

    August 10, 2023August 10, 2023

    Once a month, U.S. Energy Information Administration (EIA) analysts issue the agency’s Short-Term Energy Outlook (STEO), their best guess about where energy prices and production will go in the next 12 months. The latest monthly report, issued Tuesday, predicts that U.S. natural gas production AND demand will rise to record highs in 2023. EIA projected that dry gas production will rise to 103 billion cubic feet per day (Bcf/d) in 2023 and 104.12 Bcf/d in 2024. The current record high is 98.13 Bcf/d set in 2022.
    Read More “EIA Predicts 2023 & 2024 Record High NatGas Production – Aug STEO”

  • Best of the Rest

    Other Stories of Interest: Thu, Aug 10, 2023

    August 10, 2023August 10, 2023

    OTHER U.S. REGIONS: The future of gas in New Jersey; NATIONAL: Key Republican casts doubt on bipartisan permitting deal; At least 13 projects vie for $1.2B in carbon removal; House Dems urge SEC to set ‘strong and durable’ climate rule; Clean methanol gains momentum as a shipping fuel.
    Read More “Other Stories of Interest: Thu, Aug 10, 2023”

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