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Marcellus Drilling News
  • Antero Resources | Armstrong County | Ascent Resources | Energy Companies | Indiana County | INR/Infinity Natural Resources | Jefferson County (OH) | Ohio | Ohio County | Pennsylvania | Southwestern Energy | Weekly Permits | West Virginia | Wetzel County

    18 New Shale Well Permits Issued for PA-OH-WV Jan 1-7

    January 12, 2024January 12, 2024

    There were 18 new permits issued to drill in the Marcellus/Utica during the first full week of 2024 (Jan. 1-7), versus 24 permits issued for the final two weeks of last year (Dec. 18-31). Pennsylvania issued 9 new permits last week. Ohio issued just 1 — which was to drill a Marcellus (not a Utica) well! West Virginia issued 8 permits. Antero Resources took the top spot last week with 7 new permits, all of them issued for drilling in Wetzel County, WV.
    Read More “18 New Shale Well Permits Issued for PA-OH-WV Jan 1-7”

  • Chesapeake Energy | CNG/LNG | Energy Companies | Exporting | Industrywide Issues | M&A | Southwestern Energy

    Haynesville & LNG the Main Driver of Chesapeake/Southwestern Deal

    January 12, 2024January 12, 2024

    Even though separately (and together) Chesapeake Energy and Southwestern Energy own MORE assets in the Marcellus/Utica than in the Haynesville shale play, the main driver to do a merger between the two companies is the Haynesville and that play’s close proximity to LNG export facilities along the Gulf Coast. That is the conclusion of most analysts based on comments made yesterday by Chesapeake and Southwestern in announcing a $7.4 billion deal to combine the companies (see Deal is Done! Chesapeake & Southwestern Announce $7.4B Merger). So, the big question is, What does that mean for the Marcellus/Utica?
    Read More “Haynesville & LNG the Main Driver of Chesapeake/Southwestern Deal”

  • CNG/LNG | Energy Companies | EQT Corp | Exporting | Industrywide Issues

    EQT Announces Deal to Send 66 MMcf/d to LNG Export Plant in S. Texas

    January 12, 2024January 12, 2024
    Port of Brownsville, TX, on the border with Mexico (click for larger version)

    Somewhat lost in yesterday’s big news of the Chesapeake/Southwestern merger (which sucked up most of the news oxygen) was an announcement by EQT Corporation, the current largest natural gas producer in the U.S. EQT unveiled a new 15-year deal with Glenfarne Energy’s Texas LNG export facility to liquefy 0.5 million tons per annum (MTPA) for EQT, which works out to be roughly 66 million cubic feet per day (MMcf/d) of EQT’s Marcellus/Utica molecules hitching a ride to South Texas.
    Read More “EQT Announces Deal to Send 66 MMcf/d to LNG Export Plant in S. Texas”

  • Energy Companies | Industrywide Issues | Olympus/Huntley & Huntley | Pennsylvania | Pipelines | Westmoreland County

    Olympus Makes the Case for 6-Unit Compressor Station in Penn Twp

    January 12, 2024January 12, 2024

    Hyperion Midstream LLC, a subsidiary of Olympus Energy, is seeking a special exception to a Penn Township (Westmoreland County) zoning ordinance so it can build a six-generator compressor station along Wilderness Road over the next four years. Last night, Hyperion representatives and witnesses testified at a township zoning hearing in favor of the plan. Those who spoke said the proposed compressor site would not create a problem for the air and water quality of that area.
    Read More “Olympus Makes the Case for 6-Unit Compressor Station in Penn Twp”

  • Electrical Generation | Energy Services | Industrywide Issues | Maryland | Statewide MD | Talen Energy

    PJM Begs Talen to Delay Shutting Down O&G Power Plants in Maryland

    January 12, 2024January 12, 2024

    On Wednesday, PJM Interconnection, the largest U.S. power grid operator, asked (more like begged) Talen Energy to delay retiring several fossil fuel-powered plants in Maryland by three years. Why? PJM is afraid of blackouts due to unreliable “renewables” like wind and solar. Talen notified PJM last October that it intends to retire three oil-burning units and one natural gas-burning power unit at its Herbert A. Wagner Generating Station outside of Baltimore by June 2025.
    Read More “PJM Begs Talen to Delay Shutting Down O&G Power Plants in Maryland”

  • Anti-Drilling/Fossil Fuel | Hydraulic Fracturing | Industrywide Issues | New York | Statewide NY

    FWW Organizes Anti-CO2 “Fracking” Protest at NY Gov.’s NYC Office

    January 12, 2024January 12, 2024
    click for larger version

    At the end of October, MDN told you about a company called Southern Tier CO2 to Clean Energy Solutions, based in Binghamton, NY, sending fliers to landowners in Broome, Tioga, and Chemung counties (along the border with Pennsylvania, where there is no doubt large amounts of Marcellus and Utica gas beneath the ground) inviting landowners to sign up for what appears to be an exciting opportunity to sell gas rights (see Company Seeks to Lease New York Mineral & Pore Rights for Flat $10). In December, we told you that Food & Water Watch (FWW) and other nutball green groups launched an all-out assault on the Southern Tier Solutions plan, organizing a form letter sent to NY Gov. Kathy Hochul and the Democrat-controlled state legislature (see Big Green Pressures NY Democrats to Reject CO2 Fracking in Upstate). Yesterday, FWW went one step further, organizing a small (but loud) protest in front of Gov. Hochul’s Manhattan office to pressure her to ban all forms of “fracking.”
    Read More “FWW Organizes Anti-CO2 “Fracking” Protest at NY Gov.’s NYC Office”

  • Commodity Price | Industrywide Issues | Research

    EIA Expects Henry Hub to Average Under $3/MMBtu in 2024 and 2025

    January 12, 2024January 12, 2024

    The U.S. Energy Information Administration (EIA) published a post yesterday on the agency’s newly revamped Today in Energy website to announce it expects the Henry Hub natural gas spot price to average under $3.00/MMBtu in 2024 and 2025. What joyous news (not). The post explains the reasoning and thinking of EIA analysts and why they believe the price of natural gas will be, sadly, lower for longer.
    Read More “EIA Expects Henry Hub to Average Under $3/MMBtu in 2024 and 2025”

  • Best of the Rest

    Other Stories of Interest: Fri, Jan 12, 2024

    January 12, 2024January 12, 2024

    NATIONAL: Climate alarmists give the game away by targeting … Teslas?; How fracking helped the U.S. become the world’s top LNG exporter; Energy Transfer seeks to raise $3.8 billion through notes offering; House Republicans blast EPA methane rule as ‘serious threat’; INTERNATIONAL: US-UK coalition strike Iran-backed Houthi targets in Yemen; China reports record oil and natural gas production in 2023.
    Read More “Other Stories of Interest: Fri, Jan 12, 2024”

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