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Marcellus Drilling News
  • Industrywide Issues | Litigation | Pennsylvania | Statewide PA | Taxation

    PA Supreme Court Allows Big Green $$ in RGGI Carbon Tax Lawsuit

    July 22, 2024July 22, 2024

    A disappointing (but not surprising) decision from the Democrat leftists on the Pennsylvania Supreme Court was issued last Thursday. The so-called Supremes ruled in favor of allowing three well-financed Big Green groups, including the Sierra Club, PennFuture, and Clean Air Council, to join a lawsuit attempting to force the Regional Greenhouse Gas Initiative (RGGI) obscene carbon tax on coal- and gas-fired plants in the Keystone State. Big Green can now participate, bringing along big money and attorneys to support the state Dept. of Environmental Protection (DEP), which is trying to force state participation in RGGI.
    Read More “PA Supreme Court Allows Big Green $$ in RGGI Carbon Tax Lawsuit”

  • Apex Energy | Energy Companies | Lease & Royalty Payments | Pennsylvania | Westmoreland County

    PA Town Rejects Accepting Apex Offer of $1,500/Ac + 16% Royalty

    July 22, 2024July 22, 2024

    In June, MDN told you about a very small lease deal on offer for North Huntingdon Township in Westmoreland County, PA (see Apex Energy Offers $1,500/Ac + 16% Royalty in Westmoreland Co.). Apex Energy wants to lease 4.5 acres of town land for a total signing bonus of $6,760 ($1,500/acre). The deal on the table from Apex was “only good” through June 30. Sign now before this offer expires! Town commissioners were not impressed with the high-pressure sales tactic and voted to table a decision on the offer until after June 30 (see PA Town Delays Accepting Apex Offer of $1,500/Ac + 16% Royalty). After hearing from constituents and discussing the offer, last week the commissioners voted 5-2 to reject the Apex offer.
    Read More “PA Town Rejects Accepting Apex Offer of $1,500/Ac + 16% Royalty”

  • Ohio | Statewide OH

    Ohio Gets Another $57M from Biden Dept. Interior to Plug Old Wells

    July 22, 2024July 22, 2024

    In the fall of 2021, President Biden signed into law the so-called Infrastructure Bill, some $1.2 trillion in pork barrel spending, passed with the help of turncoat Republicans (see Biden So-Called $1.2T Infrastructure Bill Passes Thanks to RINOs). Only about 9% of the $1.2 trillion is being used for actual infrastructure projects like roads and bridges. One of the line items in the bill (so small it’s a rounding error) is money to plug orphaned and abandoned oil and gas wells. The money is dribbed and drabbed out as the Bidenistas have time (and need). Ohio is about to get another drib.
    Read More “Ohio Gets Another $57M from Biden Dept. Interior to Plug Old Wells”

  • Allegheny County | Hydraulic Fracturing | Industrywide Issues | Pennsylvania | Regulation

    West Deer to Hold Sept. Public Hearing on O&G Drilling Ordinance

    July 22, 2024July 22, 2024

    In May, the supervisors of West Deer Township (Allegheny County), PA, held a regular monthly meeting. One item on the agenda was the potential adoption of revisions to the town’s oil and gas drilling ordinance. A number of (supposed) residents showed up to question the revisions and ask for stricter setbacks (a bigger distance from drilling to homes and other structures). Ultimately, the supervisors decided to delay a vote on the revisions, pushing it off until a future meeting (see West Deer Supervisors Delay Vote on New O&G Drilling Ordinance). Last Wednesday at the regular monthly meeting, the supervisors announced yet another public hearing on proposed changes to Ordinance 454 — at 6 p.m. on Sept. 18.
    Read More “West Deer to Hold Sept. Public Hearing on O&G Drilling Ordinance”

  • CNG/LNG | Exporting | Industrywide Issues | M&A

    Australia’s Woodside Buying Tellurian & Driftwood LNG for $1.2B

    July 22, 2024July 22, 2024

    Last November, Tellurian, a company founded by Charif Souki, filed a report with the Securities and Exchange Commission warning investors that its financial situation raised “substantial doubt” that the company could continue as a going concern (see Tellurian and Its Driftwood LNG Project in Financial Trouble). Turmoil followed, with the company firing Souki (see Tellurian Fires Charif Souki – Out as Chairman & Executive Officer). Tellurian’s primary focus is to build Driftwood LNG, a 27.6 million tonnes of LNG per year facility that will cost $14.5 billion to build.
    Read More “Australia’s Woodside Buying Tellurian & Driftwood LNG for $1.2B”

  • CNG/LNG | Exporting | Industrywide Issues

    Freeport LNG Cancels at Least 10 Cargoes Through August

    July 22, 2024July 22, 2024

    Freeport LNG, by all accounts, continues to be offline. It was supposed to restart one of its three “trains” (liquefaction units) last week (see Freeport LNG Still Not Back Online – Slow Restart Begins This Week). Reports said 400 MMcf/d of gas was flowing to the facility last Wednesday, and 500 MMcf/d was flowing on Thursday. Yet no cargo ships were called to dock, and there are at least six cargo ships waiting offshore as of last Thursday. Bloomberg is reporting that Freeport has canceled at least 10 cargo shipments “through August.”
    Read More “Freeport LNG Cancels at Least 10 Cargoes Through August”

  • Baker Hughes | Energy Services | Industrywide Issues | Research

    National Rig Count Improves: U.S. Adds 2 @ 586, M-U Adds 1 @ 37

    July 22, 2024July 22, 2024

    The U.S. national oil and gas rig regained some lost ground last week by adding two rigs. The national combined Baker Hughes oil and gas rig count now stands at 586 active rigs. After staying static for six weeks, the Marcellus/Utica added a rig last week. Pennsylvania continued to operate 21 rigs. Ohio added a rig and now operates 11 active rigs. West Virginia remained the same with five active rigs. The M-U’s primary competitor, the Haynesville, lost one rig and now operates 36 rigs.
    Read More “National Rig Count Improves: U.S. Adds 2 @ 586, M-U Adds 1 @ 37”

  • Best of the Rest

    Other Stories of Interest: Mon, Jul 22, 2024

    July 22, 2024July 22, 2024

    OTHER U.S. REGIONS: Youngkin speaks about energy plan ahead of update; NATIONAL: FTC probes oil executives’ texts for OPEC collusion; Kamala Harris seen as tougher oil industry than Biden; U.S. will fall behind in the AI race without natural gas; INTERNATIONAL: SLB and Halliburton see strong international oilfield demand; How U.S. pension funds help Putin’s gas gambit.
    Read More “Other Stories of Interest: Mon, Jul 22, 2024”

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