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Marcellus Drilling News
  • Hydrogen | Industrywide Issues | Kentucky | Ohio | Statewide OH | Statewide WV | West Virginia

    Reuters Reporting ARCH2 Hydrogen Hub Wins Funding in M-U Region

    October 12, 2023October 12, 2023

    We have some exciting news to share! Yesterday, we told you that super secret sources whispering to Reuters say the Bidenistas will announce, on Friday, the winners of $7 billion in grant money to construct hydrogen hubs around the country (see Bidenistas to Announce Hydrogen Hub Hunger Games Winners on Friday). The same super secret sources couldn’t help themselves. They further blabbed to Reuters the identities of two of the winners, one of which is the Appalachian Regional Clean Hydrogen Hub (ARCH2), backed by West Virginia, Ohio, and Kentucky.
    Read More “Reuters Reporting ARCH2 Hydrogen Hub Wins Funding in M-U Region”

  • CNG/LNG | Exporting | Industrywide Issues

    Venture Global Asks FERC to OK Some Commercial LNG Service

    October 12, 2023October 12, 2023

    In early August, MDN told you about trouble brewing along the Gulf Coast between Venture Global LNG and its biggest customers: BP, Shell, Edison International (an Italian utility company), Repsol, and GALP Energia. Venture Global is building the Calcasieu Pass LNG export facility in southwestern Louisiana’s Cameron Parish, less than 50 miles south of Lake Charles. We suspect Marcellus/Utica molecules flow to the facility, hence our interest. While Venture Global is still working on completing Calcasieu Pass, it has, so far, already shipped over 200 cargoes of LNG, much of that during the mega-high prices of last year when the Russia/Ukraine war was at its peak. Yet none of those cargoes have gone to the facility’s contracted customers, which have sued Venture Global (see Repsol Joins Shell, BP in Suing Venture Global for Missed LNG). Venture Global has just asked FERC for permission to commence commercial service for the facility’s liquefaction blocks 7-9.
    Read More “Venture Global Asks FERC to OK Some Commercial LNG Service”

  • Anti-Drilling/Fossil Fuel | Electrical Generation | Industrywide Issues | Pennsylvania | Regulation | Statewide PA | Taxation

    So-Called Evangelicals Claim 51K Christians Want Carbon Tax in PA

    October 12, 2023October 12, 2023

    The left always twists language in its attempt to push its ideology and agenda — even in Christianity. The Pennsylvania-based Evangelical Environmental Network (EEN), during its 15-year history, has supported every far-left environmental regulation proposed by the Democrat Party and has criticized every conservative, Republican energy plan that allows for fossil energy to flourish in the Keystone State. That’s been our observation. They call themselves “Evangelical,” which is supposed to mean sticking to the teachings of the Gospel of Christ. Somehow, they twist the word Evangelical into worshiping the mythology of man-made catastrophic global warming. They claim it is “creation care” to aggressively address global warming using anti-capitalist Marxist political ideology, like supporting the Regional Greenhouse Gas Initiative (RGGI), an onerous carbon tax aimed at killing off gas-fired power plants.
    Read More “So-Called Evangelicals Claim 51K Christians Want Carbon Tax in PA”

  • Enbridge | Energy Services | Industrywide Issues | Pipelines

    New England Desperately Needs Enbridge’s Algonquin Pipe Expansion

    October 12, 2023October 12, 2023

    The Algonquin Gas Transmission pipeline (owned by Enbridge) transports up to 3.09 Bcf/d through 1,131 miles of pipeline. Algonquin connects to Texas Eastern Transmission (TETCO), Millennium Pipeline, and Maritimes & Northeast Pipeline and supplies New England with critically needed natural gas supplies for power generation and consumer use. As we told you two weeks ago, Enbridge is conducting an open season to gauge interest in expanding Algonquin’s capacity to flow more gas into New England — mainly from the Marcellus/Utica — called Project Maple (see Enbridge Open Season to Expand Algonquin Pipe in New England). Let’s take a closer look at how New England would benefit from this pipeline’s expansion and the prospects of whether or not it can actually happen.
    Read More “New England Desperately Needs Enbridge’s Algonquin Pipe Expansion”

  • Commodity Price | Industrywide Issues | Research

    EIA Boosts Prediction for Record-High NatGas Prod. 2023 – Oct. STEO

    October 12, 2023October 12, 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. Last month, the report predicted new all-time highs for natural gas production in 2023 (see Record High NatGas Production & Demand in 2023 – EIA Sept. STEO). The latest monthly report, issued yesterday, revises those record-high predictions UP even more! EIA projects that dry gas production will end up at 103.72 billion cubic feet per day (Bcf/d) in 2023 and rise to 105.13 Bcf/d in 2024. The current record high is 99.60 Bcf/d, set in 2022.
    Read More “EIA Boosts Prediction for Record-High NatGas Prod. 2023 – Oct. STEO”

  • Alternative Energy | Industrywide Issues | Research

    DNV Report Says Renewables Won’t Replace Fossil Fuels by 2050

    October 12, 2023October 12, 2023

    Norwegian company DNV operates as a quality assurance and risk management company. It offers supply chain, data management, technical assurance, software, and advisory services. DNV recently published its annual Energy Transition Outlook 2023 (copy below). DNV’s predictions are somewhat shocking. The company is a global warming Kool-Aid drinker, believing we’ll all toast if we don’t “transition” away from burning fossil energy by 2050. Yet DNV’s report shows that it thinks by 2050, the world will still generate roughly half of all energy used from fossil energy. Today, roughly 80% of all energy comes from fossil energy. The CEO of DNV says this about so-called renewable energy: “Globally, the energy transition has not started, if, by transition, we mean that clean energy replaces fossil energy in absolute terms.” The report says the so-called energy transition from fossil energy to renewables is “still at the starting blocks.” Sobering honesty from a leftist source.
    Read More “DNV Report Says Renewables Won’t Replace Fossil Fuels by 2050”

  • Energy Companies | Exxon Mobil | Industrywide Issues | M&A

    Pioneer CEO Waves White Flag, Says Days of Independent Shale Over

    October 12, 2023October 12, 2023

    Do you know what the single most responsible force was in liberating the United States from the grip of the dictator thugs of OPEC? Independent shale oil companies. Over the past decade, companies like EOG Resources, Apache, Continental Resources, Concho Resources, and Pioneer Resources broke the grip of OPEC over U.S. oil supplies. Pioneer, as we told you yesterday, has agreed to sell itself to Exxon Mobile for $64.5 billion (see Shale Megadeal: Exxon Buys Pioneer Natural Res. for $64.5 Billion). A few hours after that major announcement, Pioneer CEO Scott Sheffield said in an interview, “Shale companies cannot survive on their own long term,” and “They’re going to have to merge up, consolidate, and be part of diversified companies.” Et tu, Brute? Sheffield has raised the white flag of surrender and plunged a dagger in the back of shale. What a shame.
    Read More “Pioneer CEO Waves White Flag, Says Days of Independent Shale Over”

  • Best of the Rest

    Other Stories of Interest: Thu, Oct 12, 2023

    October 12, 2023October 12, 2023

    OTHER U.S. REGIONS: Charleston’s climate suit is a stalking horse for the Green New Deal; NATIONAL: Pete Buttigieg chased from event by climate protesters; Biden admin issues regs impacting air conditioners, refrigerators; INTERNATIONAL: Qatar inks 27-year gas supply deal with France’s TotalEnergies.
    Read More “Other Stories of Interest: Thu, Oct 12, 2023”

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