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Marcellus Drilling News
  • Anti-Drilling/Fossil Fuel | Energy Services | Equitrans/EQT Midstream | Industrywide Issues | Litigation | Montgomery County | Virginia

    MVP Files Lawsuit Against Anti Groups, Protesters for $4 Million

    September 12, 2023September 12, 2023

    Aggressive “protesters” and the nonprofits that organize and send them out are finally getting some of their own medicine. Big Green funds frivolous lawsuits, and when those lawsuits are finally exhausted (and have failed), Big Green pays protesters to engage in illegal stunts aimed at shutting down the construction of projects like the 94% completed Mountain Valley Pipeline (MVP). Protesters are aggressively attempting to delay the final 6% of MVP construction, even though the completion of MVP is guaranteed by an Act of Congress (see Equitrans Announces Mountain Valley Pipe to Get Completed in 2023). We’ve reported on the recent actions of MVP protesters in chaining themselves to construction equipment, forcing delays and costing money. Now, MVP intends to collect some of the money they’ve had to pay because of the illegal delays by protesters and the NGOs that sponsor them. It’s about time.
    Read More “MVP Files Lawsuit Against Anti Groups, Protesters for $4 Million”

  • Chesapeake Energy | Energy Companies

    Dell’Osso Says Extra 10 Bcf/d of NatGas Demand Coming in 2024/25

    September 12, 2023September 12, 2023
    Nick Dell’Osso

    While speaking at the Barclays CEO Energy-Power last week, Chesapeake Energy CEO Nick Dell’Osso told attendees there will be 10 Bcf/d (billion cubic feet per day) of more demand for U.S. natural gas beginning in 2024 to help feed new LNG export facilities coming online next year and the year after. Where will the gas come from? Unfortunately, it won’t come from the Marcellus/Utica. According to Dell’Osso, most of the increase will come from the Haynesville and the Permian.
    Read More “Dell’Osso Says Extra 10 Bcf/d of NatGas Demand Coming in 2024/25”

  • Anti-Drilling/Fossil Fuel | Hydraulic Fracturing | Industrywide Issues

    Fossil Energy-Hating Ohio River Valley Inst. Hates Hydrogen Too

    September 12, 2023September 12, 2023

    The Ohio River Valley Institute (ORVI) is nothing more than a front group, another name for the ultra-left, biased, and virulent anti-fossil fuel Heinz Endowments. ORVI pokes its head up periodically to issue “reports” (i.e., propaganda) bashing fossil energy, like a recently updated report claiming the shale industry didn’t create any jobs or economic benefit in the Marcellus/Utica (see ORVI Updates Fake Report Claiming No $ Benefits from M-U Fracking). Pure B.S. Yesterday, the same B.S. was spread on thick for reporters attending an all-day event in Pittsburgh, except yesterday’s ORVI session hated on hydrogen. Yep, the left hates hydrogen energy–an energy that burns clean and doesn’t produce any CO2. Go figure.
    Read More “Fossil Energy-Hating Ohio River Valley Inst. Hates Hydrogen Too”

  • CNG/LNG | Exporting | Industrywide Issues

    Feedgas to Freeport LNG Dropped Last Weekend, Down 69% Yesterday

    September 12, 2023September 12, 2023

    According to multiple sources, feedgas (natural gas) flows to Freeport LNG (south of Houston, located on Quintana Island, Texas), the second-largest U.S. LNG exporter, dropped sharply over the weekend and remained down for the third day in a row on Monday. Freeport has the capacity to accept 2 Bcf/d (billion cubic feet per day) of feedgas. As of yesterday, the plant accepted 622 MMcf for the day, about 31% of maximum capacity. What’s going on?
    Read More “Feedgas to Freeport LNG Dropped Last Weekend, Down 69% Yesterday”

  • Industrywide Issues | M&A

    Major Shareholder Pressures PHX for Transparency re Merge Offers

    September 12, 2023September 12, 2023

    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, proposed marriage to PHX Minerals, based in Fort Worth, Texas, owner of 75,000 leased mineral acres principally located in the SCOOP and Haynesville plays. PHX rebuffed the proposal (see PHX Minerals Says WhiteHawk Marriage Proposal “Grossly Inadequate”). A second company, a major shareholder in PHX that owns 4% of the company’s stock, is now also pressuring PHX.
    Read More “Major Shareholder Pressures PHX for Transparency re Merge Offers”

  • Energy Companies | Exxon Mobil | Industrywide Issues | Research

    Exxon Annual Report: O&G to Provide 54% of World Energy in 2050

    September 12, 2023September 12, 2023

    ExxonMobil recently published “The Global Outlook,” the company’s latest view of energy demand and supply through 2050. The document forms the basis for Exxon’s business planning and is “underpinned by a deep understanding of long-term market fundamentals.” Exxon is making short-term decisions based on this long-term document. And what does this document say? It says, contrary to the fantasies of leftists, that fossil energy (petroleum, natural gas, and coal) will still make up 68% of the world’s energy sources in 2050, some 30 years from now. That’s down from 82% today. Oil and gas by themselves will provide 54% of the world’s energy in 2050. O&G is still the one.
    Read More “Exxon Annual Report: O&G to Provide 54% of World Energy in 2050”

  • Best of the Rest

    Other Stories of Interest: Tue, Sep 12, 2023

    September 12, 2023September 12, 2023

    INTERNATIONAL: World at ‘beginning of end’ of fossil fuel era, IEA says; Strike-hit Chevron Australia to invoke govt’s forced settlement powers; German parliament passes law to phase out gas and oil heating.
    Read More “Other Stories of Interest: Tue, Sep 12, 2023”

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