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Marcellus Drilling News
  • Accidents | CNG/LNG | Industrywide Issues | New York | Schenectady County

    CNG Truck Accident in Upstate NY Near Albany Injures Driver

    December 12, 2023December 12, 2023

    Last Tuesday, Dec. 5, a tractor-trailer hauling a trailer with CNG (compressed natural gas) canisters traveling eastbound along Interstate 88 near Albany “exited the road and traveled down a steep ravine” shortly before 3 a.m. It crashed, ripping the top of the trailer off the frame (the part connected to the wheels). The driver was extracted from the cab and transported to the nearby Albany Medical Center, where, at last word, he was in critical condition. The New York State Police closed I-88 in both directions between Exit 24 and Exit 25 for a period of time. It was reopened by evening.
    Read More “CNG Truck Accident in Upstate NY Near Albany Injures Driver”

  • Anti-Drilling/Fossil Fuel | Crime | Energy Services | Equitrans/EQT Midstream | Industrywide Issues | Montgomery County | Pipelines | Virginia

    Out-of-State Protester Gets Jail for Blocking MVP Construction

    December 12, 2023December 12, 2023
    Emily Adamski of Calif.

    Appalachians Against Pipelines, a group backed with big money from Big Green, funnels paid “protesters” to construction sites for the 95% completed Mountain Valley Pipeline (MVP), mainly in Montgomery County, Va., who chain themselves to equipment requiring state troopers to carefully remove them (requiring hours), slowing the already challenging work to complete the project. About 25 such protesters showed up at a Montgomery County construction site in October. Three of them chained themselves to equipment using “sleeping dragon” devices (see 3 Out-of-State Protesters Arrested for Blocking MVP Construction). One of them, Emily Adamski, 37, of Oakland, California, just received a three-month jail sentence for her illegal stunt. About darned time!
    Read More “Out-of-State Protester Gets Jail for Blocking MVP Construction”

  • Energy Companies | Gulfport Energy

    2 Gulfport Energy Shareholders Selling 3.5% of Company Stock

    December 12, 2023December 12, 2023

    Gulfport Energy, the third-largest driller in the Ohio Utica Shale (by the number of wells drilled), emerged from bankruptcy in May 2021 with a new board and top management. In January of this year, the company appointed a new CEO, John Reinhart, the former President and CEO of M-U driller Montage Resources Corporation before Southwestern Energy gobbled up that company (see Marcellus Veteran John Reinhart Joins Gulfport Energy as CEO). The turnaround has been dramatic. Yesterday, Gulfport announced two major shareholders, Silver Point Capital, L.P. and MacKay Shields LLC, are selling 653,464 shares of the stock they own in the company.
    Read More “2 Gulfport Energy Shareholders Selling 3.5% of Company Stock”

  • CNG/LNG | Commodity Price | Industrywide Issues | Weather

    NYMEX Henry Hub Price Crashes with Warm Weather Forecast

    December 12, 2023December 12, 2023

    The commodity price for natural gas, as expressed by the NYMEX Henry Hub futures contract (for January), fell 10.5% in early trading yesterday before finally closing at $2.43/MMBtu, down 15 cents (6.17%) from the previous day. Why the big drop when prices are already low? Lack of demand due to warm weather. In fact, according to the National Weather Service, the entire continental United States will be warmer than average for the period of Dec. 19-25. Plump storage numbers, coupled with the weather, had natgas traders heading for the exits.
    Read More “NYMEX Henry Hub Price Crashes with Warm Weather Forecast”

  • Energy Services | ESG | Industrywide Issues | Pipelines | Williams

    Williams CEO Tells COP28 Delegates NatGas Will Fuel Transition

    December 12, 2023December 13, 2023

    Williams is a powerhouse pipeline company. Williams operates more than 33,000 miles of pipelines in the U.S. and flows approximately one-third of the natural gas used in our country through those pipelines. Massive! The CEO of Williams, Alan Armstrong, is (or was) in Dubai for the United Nations COP28 climate meeting. He was there to preach the gospel of natural gas as the best way, the near-term way, to lower carbon dioxide emissions across the planet. He has proof to back up his claims. The U.S. is the only major country on earth to lower CO2 emissions since 2005. How? By switching from coal to natural gas for power generation.
    Read More “Williams CEO Tells COP28 Delegates NatGas Will Fuel Transition”

  • Anti-Drilling/Fossil Fuel | Industrywide Issues

    Enemy of My Enemy – OPEC Successfully Blocks Anti-FF Text at COP28

    December 12, 2023December 12, 2023

    An ancient Arabian proverb says, “The enemy of my enemy is my friend.” You know we’re no fans of OPEC+ and the murdering thug dictators who run the countries belonging to OPEC+. But this one time, we have praise for the group. They single-handedly changed the language in a final communique issued by the UN COP28 delegates that was supposed to call for the phase-out of fossil fuels worldwide. Instead, the language was modified to say, “reducing both consumption and production of fossil fuels, in a just, orderly and equitable manner.” It was changed at the insistence of the OPEC+ club. Needless to say, the snowflake leftists at COP28 are weeping and wailing and gnashing their teeth.
    Read More “Enemy of My Enemy – OPEC Successfully Blocks Anti-FF Text at COP28”

  • BP | CNG/LNG | Energy Companies | Exporting | Industrywide Issues | Regulation

    BP Asks FERC to Force Venture Global LNG to Release Documents

    December 12, 2023December 12, 2023

    Venture Global’s Calcasieu Pass LNG export facility recently received Federal Energy Regulatory Committee (FERC) authorization to place the final three liquefaction blocks (7-9) into service (see Venture Global Gets FERC OK to Commission 3 Calcasieu Pass Trains). The other trains, 1-6, have been online for 18 months but are not officially in commercial service, even though the facility has now shipped over 200 cargoes! Venture Global claims it’s still working out the kinks. Venture’s contracted customers are frustrated that they aren’t getting any shipments and have sued (see Repsol Joins Shell, BP in Suing Venture Global for Missed LNG). Venture’s customers also asked the EU-US Task Force on Energy Security to get involved and force Venture Global to begin shipments to its contracted customers (see Europe Turns Up Pressure on Venture Global LNG for Not-Ready Farce). BP is turning up the heat even more, asking FERC to force Venture Global to share documents related to the ongoing delays.
    Read More “BP Asks FERC to Force Venture Global LNG to Release Documents”

  • Best of the Rest

    Other Stories of Interest: Tue, Dec 12, 2023

    December 12, 2023December 12, 2023

    OTHER U.S. REGIONS: Shale-drilling rights jump to pre-COVID price; NATIONAL: Shell selling partial ownership in two U.S. renewable energy projects.
    Read More “Other Stories of Interest: Tue, Dec 12, 2023”

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