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Marcellus Drilling News
  • Anti-Drilling/Fossil Fuel | Industrywide Issues | Pennsylvania | Regulation | Statewide PA

    PA Gov. Shapiro’s Anti-Marcellus Views Reflected in New DEP Regs

    August 17, 2023September 11, 2023

    In 2018, Pennsylvania’s then-Attorney General, Josh Shapiro, assembled a grand jury to “investigate” Marcellus drillers. He lied to them for over two years and eventually got them to indict a number of Marcellus companies on trumped-up charges. The so-called grand jury issued a report (which was actually authored by Shapiro and his minions) in June 2020 (see PA AG Launches I-HATE-FRACKING Hotline; Report Bashing Shale, DEP). Shapiro, just before announcing his run for governor, released suggested anti-shale legislation in May 2021 that includes, among other things, expanding well setbacks from 500 feet to 2,500 feet (in some cases 5,000 feet)–which would effectively kill all new Marcellus drilling in the state (see PA AG Unveils Anti-Shale Legislation Based on Flawed Grand Jury Rpt). Shapiro’s Dept. of Environmental Protection (DEP) is about to recommend the changes Shapiro sought via his bills.
    Read More “PA Gov. Shapiro’s Anti-Marcellus Views Reflected in New DEP Regs”

  • Energy Companies | Energy Services | EQT Corp | Industrywide Issues | M&A | Marshall County | Regulation | Tug Hill Operating | West Virginia | Wetzel County | XcL Midstream

    Bidenistas at FTC Clear EQT to Complete Buyout of Tug Hill & XcL

    August 17, 2023August 17, 2023

    Last September, EQT Corporation announced it was buying privately-owned Tug Hill Operating’s West Virginia shale assets for $5.2 billion (see Confirmed: EQT Buys Tug Hill’s THQ Appalachia for $5.2 Billion). However, the Bidenistas at the Federal Trade Commission (FTC) got involved slowing down the deal. Because of the FTC dragging its feet, EQT and Tug Hill renegotiated the timeline adding a full year–to the end of 2023 (see EQT $5.2B Deal to Buy Tug Hill Extended Additional Year to Close). Good news: After delaying the deal by nearly a year, the Bidenistas at the FTC have given their blessing on the deal. The deal is expected to close within seven days.
    Read More “Bidenistas at FTC Clear EQT to Complete Buyout of Tug Hill & XcL”

  • Hydrogen | Industrywide Issues | Mason County | West Virginia

    $2B Hydrogen Project Announces for WV – FidelisH2 in Mason Co.

    August 17, 2023August 17, 2023

    The ARCH2 (Appalachian Regional Clean Hydrogen Hub) project, the West Virginia-led effort to attract government funding for one of 6-10 regional hydrogen hubs, has just landed its second major commitment–even though ARCH2 hasn’t officially been selected for government funding. Yesterday Fidelis New Energy announced it has selected Mason County, WV, for a $2 billion “net-zero” hydrogen production facility and low carbon microgrid, which it has dubbed The Mountaineer GigaSystem. The Fidelis plan includes building data centers powered by net-zero hydrogen. Mountaineer will use FidelisH2 technology that produces hydrogen with zero lifecycle carbon emissions from a combination of Marcellus/Utica gas, renewable energy, and CCUS (carbon capture, utilization, and sequestration).
    Read More “$2B Hydrogen Project Announces for WV – FidelisH2 in Mason Co.”

  • Crestwood Midstream | Energy Services | Energy Transfer Partners | Industrywide Issues | M&A | Pipelines

    Energy Transfer to Acquire Crestwood Equity in $7.1B Mega-Deal

    August 17, 2023August 17, 2023

    Some really big news hit yesterday. U.S. pipeline giant Energy Transfer (ET), builder of the Rover and Mariner East pipeline systems here in the Marcellus/Utica, is buying out and merging in Crestwood Equity Partners, a major pipeline company with operations in the Permian, Bakken, and Powder River Basin. ET will acquire Crestwood in an all-equity (stock-only) transaction valued at approximately $7.1 billion, including the assumption of $3.3 billion of debt. Once upon a time, Crestwood owned major assets in the Marcellus/Utica region, but as of last year, the company exited the M-U. The addition of Crestwood adds 1.4 Bcf/d of gas gathering capacity and 340,000 b/d of oil gathering capacity to ET’s existing portfolio.
    Read More “Energy Transfer to Acquire Crestwood Equity in $7.1B Mega-Deal”

  • Accidents | Allegheny County | Industrywide Issues | Pennsylvania | Regulation

    Plum, PA House Explosion Investigation Expands to Local O&G Wells

    August 17, 2023August 17, 2023

    Last Saturday, a house exploded in Plum, PA, causing two neighboring houses to burn to the ground. Plum is located in Allegheny County near Pittsburgh. Five people died in the blast and fires. However, a sixth person died yesterday from his injuries. We grieve with the families and friends of those who died or were injured. The incident is under investigation. Initial reports said the house that exploded had been “having hot water tank issues” (the hot water tank used natural gas). However, the house is part of a development built on abandoned mine land surrounded by shallow oil and gas wells, some of which have been abandoned. Two wells still producing gas are about 1000 feet from the home. So to be thorough, the state Dept. of Environmental Protection (DEP) has launched its own investigation to see if nearby wells (active or inactive) or the pipelines that connect them could have contributed to the tragedy.
    Read More “Plum, PA House Explosion Investigation Expands to Local O&G Wells”

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

    Antis Still Fuming Over Mass. Town Installing 1-Mile Gas Pipeline

    August 17, 2023August 17, 2023

    Three weeks ago, MDN told you about the small community of Douglas, Massachusetts, that had outsmarted Big Green by getting Eversource to build a one-mile pipeline extension into Douglas to feed a mammoth new warehouse project (see Massachusetts Town Quietly Installs Gas Pipeline, Antis Livid). The radicals are still hopping mad that they had no knowledge, no chance to gin up public opposition before the pipeline was built. A new article interviewing said radicals implies Douglas officials and Eversource tried to suppress public knowledge of the project. Eversource says that’s (our words) horse manure.
    Read More “Antis Still Fuming Over Mass. Town Installing 1-Mile Gas Pipeline”

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

    28 U.S. House Democrats Ask FERC to Reject MVP Southgate Project

    August 17, 2023August 17, 2023

    A group of 28 House Democrats asked the Federal Energy Regulatory Commission (FERC) to deny a request from the developers of the Mountain Valley Pipeline (MVP) to extend the project 75 miles into North Carolina, called MVP Southgate, arguing in a letter this week that Southgate’s construction would pose serious climate and environmental risks to affected states. Typical. Why do so many Democrats irrationally hate fossil energy?
    Read More “28 U.S. House Democrats Ask FERC to Reject MVP Southgate Project”

  • Best of the Rest

    Other Stories of Interest: Thu, Aug 17, 2023

    August 17, 2023August 17, 2023

    NATIONAL: Reality is hitting Europe’s net zero plans but Biden plows ahead; One year later, IRA implementation remains a mess; Few U.S. workers leaving carbon-intensive jobs move to green ones; INTERNATIONAL: Saudis have no good reason to drive oil up to $100; BofA Global Research reveals latest oil price forecasts.
    Read More “Other Stories of Interest: Thu, Aug 17, 2023”

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