7 New Shale Well Permits Issued for PA-OH-WV Jun 3 – 9
Two weeks ago, 31 new permits were issued to drill in the Marcellus/Utica region. Last week, June 3 – 9, the number dropped (dramatically) by 77% to just seven new permits. And that seems to be the pattern: Way up one week, way down the next. Last week, for the second week in a row, Ohio issued ZERO new shale permits. The top permit receiver for last week was HG Energy, which had five permits for a single pad in Doddridge County, WV. The other two permits were issued in PA: one to CNX in Greene County, and the other to Range Resources in Washington County.
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In a clear case of sour grapes for the U.S. Court of Appeals for the Fourth Circuit (4th Circus clowns) who tried to block the 303-mile Mountain Valley Pipeline (MVP) by rendering arbitrary decisions that caused years of delays for the pipeline, the court flipped the bird to MVP one last time in a decision issued Tuesday of this week (June 11). Three judges from the 4th Circus re-inflated a jury award against MVP for an eminent domain “taking” case in the Bent Mountain, Virginia, area back in May (see
For months, MDN has told you about a problem brewing that will block new hydrogen projects from getting built in the Marcellus/Utica. It’s an obscure tax rule known as the 45V tax credit, part of the misnamed Inflation Reduction Act (IRA). The Bidenistas at the White House, Treasury Department, and Dept. of Energy proposed a new IRS rule in late December that the 45V tax credits (as provided for in the IRA) can only be used if the hydrogen produced is “green” — meaning NOT made from natural gas. In addition, the electricity used to produce the hydrogen can’t come from fossil fuel sources like natural gas (if you want the tax credit). Biden kneecapped the hydrogen hub projects in the M-U (see
A new bill proposed by two Republican state lawmakers in Ohio, House Bill (HB) 349, makes it easier to site and build natural gas pipelines to areas of the state where pipelines currently don’t exist (see
In early March, President Joe Biden nominated three new candidates to become Federal Energy Regulatory Commission (FERC) commissioners (see
OTHER U.S. REGIONS: NextDecade, Saudi Aramco sign 20-year LNG supply deal; You paid hundreds of millions for solar power to wreck the environment; NATIONAL: Should oil and gas pros use AI to get hired?; Revisiting the Left’s Keystone XL lie; Biden will pay an electoral price for choking US energy; ‘You are evil,’ GOP lawmaker barks at climate-conscious investors; INTERNATIONAL: Canada has room for multiple LNG projects; Europe’s gas supply risks remain despite record storage levels.