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Marcellus Drilling News
  • CNG/LNG | Exporting | Industrywide Issues | Regulation

    Congress Working to Block Biden’s “Pause” on LNG Export Approvals

    February 1, 2024February 1, 2024

    Congressional Republicans are turning up the heat WAY up on the Biden administration’s decision to pause natural gas export approvals. Last Friday, Joementia announced he would “pause” any approvals for new LNG export plants (currently 17 requests in the pipeline) for at least one year while his people fart around pretending to figure out how to measure global warming as a new consideration for whether or not to approve a project (see White House Makes it Official – Biden Declares War on LNG Exports). Enough! Republicans are taking multiple actions to counteract Biden’s LNG policy change, including a new bill in the Senate to remove the authority to approve these projects from the Dept. of Energy (which is a puppet of the White House) and hand it to the Federal Energy Regulatory Commission (FERC).
    Read More “Congress Working to Block Biden’s “Pause” on LNG Export Approvals”

  • Energy Services | Equitrans/EQT Midstream | Greene County (PA) | Industrywide Issues | Pennsylvania | Storage

    Equitrans to Drill 2 New Gas Storage Wells in Greene County, PA

    February 1, 2024February 8, 2024

    Equitrans, the builder of the 303-mile Mountain Valley Pipeline project, is more than just a one-trick (one pipeline) pony. Equitrans owns 940 miles of FERC-regulated, interstate pipelines that have interconnect points to seven interstate pipelines and multiple local distribution companies (LDCs). The transmission and storage system is supported by 43 compressor units, with total throughput capacity of approximately 4.4 Bcf per day and compression of approximately 136,000 horsepower, and 18 natural gas storage reservoirs, which have a peak withdrawal capacity of approximately 820 million cubic feet (MMcf) per day and a working gas capacity of approximately 43 Bcf. Two of Equitrans’ 18 storage reservoirs — Hunters Cave and Swarts, both in Greene County, PA — are getting a makeover.
    Read More “Equitrans to Drill 2 New Gas Storage Wells in Greene County, PA”

  • Duke Energy | Electrical Generation | Energy Services | Industrywide Issues | North Carolina

    Duke Energy Seeks to Build 2 Massive Gas-Fired Power Plants in NC

    February 1, 2024February 1, 2024
    click for larger version

    Duke Energy is a Fortune 150 company headquartered in Charlotte, N.C., and is one of America’s largest energy holding companies. Duke’s electric utilities serve 8.2 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio, and Kentucky, and it collectively owns 50,000 megawatts of energy generating capacity. Duke’s natural gas unit serves 1.6 million customers in North Carolina, South Carolina, Tennessee, Ohio, and Kentucky. The company employs 28,000 people. Last summer, Duke announced plans to build a new gas-fired power plant in Person County, NC. The company just announced it wants to double it — build a second big gas-fired plant at the same location.
    Read More “Duke Energy Seeks to Build 2 Massive Gas-Fired Power Plants in NC”

  • CNG/LNG | Energy Services | Exporting | Industrywide Issues | New Fortress Energy

    New Fortress Finds Way Around Jones Act – Ship US LNG via Mexico

    February 1, 2024February 1, 2024
    Altamira Fast LNG 1 (click for larger version)

    You have to admire Wes Edens, CEO of New Fortress Energy. He’s figured out a way to get around the idiotic prohibition on shipping U.S. LNG from one U.S. port to another. The Jones Act, passed more than 100 years ago, aimed to boost American shipbuilding. The Act requires any cargo ship moving from one U.S. port to another to be built in the U.S., owned by a U.S. company, and crewed with U.S. citizens. There are precisely zero large LNG cargo carriers that meet those criteria. Big LNG carriers are built in other counties where it’s cheaper to build them. Edens figured out how to get around the Jones Act using a floating LNG (FLNG) platform just off the coast of Mexico.
    Read More “New Fortress Finds Way Around Jones Act – Ship US LNG via Mexico”

  • Pennsylvania | Statewide PA

    Shapiro Pays Hollow Lip Service to NatGas in New Economic Strategy

    February 1, 2024February 1, 2024

    Actions speak so much louder than words on a page, don’t they? Take Pennsylvania Gov. Josh Shapiro. When he was Attorney General, he relentlessly threatened and attacked and harassed the companies in the Marcellus industry (see our many stories here). Now, as Governor, he’s trying to kill the Marcellus gas-fired power plants in the state by forcing a carbon tax on them begun by his predecessor (see PA Gov. Shapiro Proves He’s Radical Left – Appeals RGGI Decision). So when Shapiro, as governor, releases an economic development strategy document for the state (52 pages long) that pays lip service to the role of natural gas in the future of the state (four references total, and no mention of the Marcellus), color is not impressed. Yet some are falling all over themselves to heap praise on this do-nothing governor. Not here. He’s a putz. We’re here to remind you of that.
    Read More “Shapiro Pays Hollow Lip Service to NatGas in New Economic Strategy”

  • CNG/LNG | Exporting | Industrywide Issues | Regulation

    The True Impact of DOE’s Pause in LNG Export Licenses

    February 1, 2024February 1, 2024

    Last Friday, Joementia announced a one-year “pause” on any approvals for new LNG export plants (currently 17 requests in the pipeline) for at least one year while his people pretend to figure out how to measure global warming as a new consideration for whether or not to approve a project (see White House Makes it Official – Biden Declares War on LNG Exports). What does the Biden pause actually mean for those 17 projects and other tangential projects? It creates chaos and harm, actual harm, for a number of those projects. The analysts at RBN break it down so we know which projects are most likely to be affected negatively and how.
    Read More “The True Impact of DOE’s Pause in LNG Export Licenses”

  • Best of the Rest

    Other Stories of Interest: Thu, Feb 1, 2024

    February 1, 2024February 1, 2024

    NATIONAL: Cheniere announces uplisting to the New York Stock Exchange; Three reasons why moratorium on LNG projects is Biden’s latest misstep; ExxonMobil just set the climate alarm lobby on fire again; INTERNATIONAL: Impact on commodities, including LNG, due to chaos in the Red Sea.
    Read More “Other Stories of Interest: Thu, Feb 1, 2024”

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