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Marcellus Drilling News
  • Anti-Drilling/Fossil Fuel | Energy Services | Equitrans/EQT Midstream | Industrywide Issues | Litigation | Pipelines | Regulation | Statewide VA | Virginia

    US Supremes Reject Big Green Case to Gut Eminent Domain Using MVP

    May 21, 2024May 21, 2024

    Finally, it’s the end of the road for Big Green using (abusing) six uppity Virginia landowners who didn’t want the 303-mile Mountain Valley Pipeline (MVP) to cross their well-groomed horse pastures. The landowners, funded by Big Green and using Big Green lawyers, sued repeatedly to try and overturn the Federal Energy Regulatory Commission’s (FERC) right to delegate its eminent domain authority to pipeline companies like MVP in order to build pipelines. Big Green and the landowners knew it wouldn’t stop MVP — the hope was to block all (and we mean ALL) future pipelines from getting built. That was the end game. Yesterday, the U.S. Supreme Court said it will not revisit the case. It had already looked at this case once before. This is well and truly the end of the line for these landowners and Big Green in attempting to gut FERC’s eminent domain authority. Finally.
    Read More “US Supremes Reject Big Green Case to Gut Eminent Domain Using MVP”

  • Chesapeake Energy | Energy Companies | Industrywide Issues | Jobs

    Chesapeake Energy Brings Out the Ax, Begins Cutting Jobs

    May 21, 2024May 21, 2024

    The ghost of Doug “the ax” Lawler is once again roaming the halls of Chesapeake Energy (see Chesapeake’s Doug Lawler Gave Himself a Raise After Firing 1,500+). Reuters is reporting (exclusively) that Chesapeake has begun to lay off some of its employees (no numbers given) following the divestiture of its Eagle Ford oil assets. The implication is that those who worked in the Eagle Ford program are being let go, although we don’t know that for sure. Chesapeake reps deny the layoffs have anything to do with its impending merger with Southwestern Energy. [Pssst….hey….we have a bridge we’d like to sell ya’. It’s located in Brooklyn. Real cheap.]
    Read More “Chesapeake Energy Brings Out the Ax, Begins Cutting Jobs”

  • American Energy Partners Inc. | Belmont County | Energy Companies | Industrywide Issues | Litigation | Ohio | Wastewater

    Austin Master Services Court Hearing Day One: Single Witness

    May 21, 2024May 21, 2024

    American Environmental Partners (AEP) and its owner, Brad Domitrovitsch, had their first day in court yesterday in Belmont County, OH, to address a motion by Ohio’s Attorney General, David Yost, to hold the company and Domitrovitsch in contempt for not complying with an order to clean up the Austin Master Services (AMS) facility owned by AEP. Although the hearing was scheduled to begin at 10 am, it didn’t actually start until 11:10 am. The judge gave the attorneys for the parties involved time to talk in an effort to arrive at a resolution. Which obviously didn’t happen as the hearing went forward. There was just one witness for the day yesterday.
    Read More “Austin Master Services Court Hearing Day One: Single Witness”

  • Antero Resources | Anti-Drilling/Fossil Fuel | Energy Companies | Industrywide Issues | Monroe County | Noble County | Ohio | Regulation | Southwestern Energy | Statewide OH

    Ohio Approves 2 More Bids to Drill Under State Land, Advances 5 More

    May 21, 2024May 21, 2024

    The Ohio Oil and Gas Land Management Commission (OGLMC) approved two bids to drill for oil and gas under (not on) state-owned lands yesterday. Antero Resources was the sole bidder to drill under a Dept. of Transportation (DOT) property in Noble County. Southwestern Energy won its bid to drill under DOT land in Monroe County along the Ohio River. The OGLMC also advanced five other nominations to drill under state-owned properties to the bidding process. One nomination advancing is a request to drill under the 84-acre Keen Wildlife Area in Harrison County (see Drillers Nominate 2 More OH Wildlife Areas to Frack Under, Not On). However, the OGLMC disapproved five drilling nominations, including one to drill under the Egypt Valley Wildlife Area in Belmont County.
    Read More “Ohio Approves 2 More Bids to Drill Under State Land, Advances 5 More”

  • Commodity Price | Industrywide Issues

    Anemic NYMEX Gas Price Finally Shows Some Life, Up to $2.75/MMBtu

    May 21, 2024May 21, 2024
    NYMEX natural gas last 1 mo. (click for larger version)

    The NYMEX natural gas futures “front month” contract (for June), based on the price of gas at the Henry Hub, hit a four-month high yesterday of $2.751/MMBtu, up 12.5 cents from Friday. We finally have some good news to talk about regarding prices. The NYMEX gas price is still not above $3 (which is when we breathe easier), but hey, we’re making progress. What’s driving the price to higher levels these days? In a nutshell, warm weather and the return of LNG exports that had been offline for a period of time. More demand, even with existing high supplies, equals higher prices.
    Read More “Anemic NYMEX Gas Price Finally Shows Some Life, Up to $2.75/MMBtu”

  • Energy Services | Industrywide Issues | Pipelines | Williams

    Williams CEO: Natural Gas is “Five Times Cheaper than Crude Oil”

    May 21, 2024May 21, 2024
    Alan Armstrong

    The President and CEO of pipeline giant Williams is Alan Armstrong. He’s been through some big battles over the years, like the aborted effort to buy his company (see Energy Transfer Makes “Indecent Proposal” to Buy Williams for $48B). Armstrong has a unique perspective in leading Williams for the past 13 years. He recently sat for an interview with McKinsey & Company (a huge consulting company). Armstrong had some interesting things to say about natural gas, pipelines, power generation, hydrogen, and prices. Armstrong also discussed how the pipeline business has morphed into a large, interconnected network over the past decade.
    Read More “Williams CEO: Natural Gas is “Five Times Cheaper than Crude Oil””

  • Anti-Drilling/Fossil Fuel | Industrywide Issues

    Debunking the Claim that Biden Admin Has Been Good for Oil & Gas

    May 21, 2024May 21, 2024

    We’ve read the canard a number of times in recent months that the Biden administration has been good for oil and gas. Why? Because (goes the Democrat line), O&G is producing more now than ever. Because O&G companies are more profitable now than ever. Because O&G shareholders are doing better now than ever. So the Dems believe O&G should love the Biden administration. But here’s the truth: O&G is doing OK now DESPITE the onslaught against it by the Biden administration. The health and well being of O&G companies today is NOT the result of Biden’s policies (which have sought to destroy fossil energy), but despite those policies. We are doing OK today because of the lingering benefits of the policies put into effect under Donald Trump, not because of anything Joe Biden has done.
    Read More “Debunking the Claim that Biden Admin Has Been Good for Oil & Gas”

  • Best of the Rest

    Other Stories of Interest: Tue, May 21, 2024

    May 21, 2024May 21, 2024

    MARCELLUS/UTICA REGION: McCormick says he’ll term-limit himself if elected; Swing-state Senate Dems running from Biden; NATIONAL: Americans want natural gas; Energy CEOs split on pursuing Biden incentives close to election; INTERNATIONAL: Macquarie, JP Morgan examines upcoming OPEC meeting; QatarEnergy’s CEO says LNG is here to stay for years on end.
    Read More “Other Stories of Interest: Tue, May 21, 2024”

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