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Marcellus Drilling News
  • Energy Companies | Energy Services | EQT Corp | Equitrans/EQT Midstream | Industrywide Issues | Pipelines

    EQT’s Game Plan Changed – Keep MVP & Expand Extra 0.5 Bcf/d

    July 25, 2024July 25, 2024

    Yesterday, EQT Corporation, the country’s largest natural gas producer, issued its second quarter 2024 update. We’re dedicating another post to chronicling other news coming from the update. This post is dedicated to the most significant news from the update: EQT has decided to keep the newly christened 2.0 Bcf/d Mountain Valley Pipeline (MVP) instead of selling it. Not only that, but EQT wants to expand the pipeline’s capacity from 2.0 to 2.5 Bcf/d as soon as possible.
    Read More “EQT’s Game Plan Changed – Keep MVP & Expand Extra 0.5 Bcf/d”

  • Energy Companies | EQT Corp

    EQT 2Q – Selling Rest of NEPA Non-Op Assets, Curtailing 500 MMcf/d

    July 25, 2024July 25, 2024

    MDN’s lead story today is that EQT Corporation has decided to retain majority ownership in Mountain Valley Pipeline (MVP) and expand the pipe’s capacity with compressors asap (see EQT’s Game Plan Changed – Keep MVP & Expand Extra 0.5 Bcf/d). This post deals with the other (big) news coming from yesterday’s second quarter 2024 update. Namely, EQT is looking to sell the rest of its non-operated assets in the northeastern Pennsylvania Marcellus. In addition, we learned that EQT is still curtailing (limiting) production through the second half of 2024.
    Read More “EQT 2Q – Selling Rest of NEPA Non-Op Assets, Curtailing 500 MMcf/d”

  • CNG/LNG | Exporting | Industrywide Issues

    Freeport LNG Full Restart Delayed Until August, Says Source

    July 25, 2024July 25, 2024

    Yeah, we kind of felt like it was too good to be true. Tuesday, we told you that an LNG carrier had left Freeport LNG’s port last weekend fully loaded, and a couple of carriers were queued up, waiting to dock and load (see Freeport Finally Resumes Loading Cargo Ships, Feedgas Increases). It certainly seemed like things were beginning to rock and roll once again after Freeport had been totally down since July 5 due to Hurricane Beryl. However, a super secret source whispering to S&P Global Commodity Insights says the full plant won’t be operational until “early August.” And more bad news for Freeport: Fitch Ratings has downgraded the company’s credit rating.
    Read More “Freeport LNG Full Restart Delayed Until August, Says Source”

  • Industrywide Issues | Pennsylvania | Regulation | Statewide PA

    Fed Money Skews PA Toward “Clean” Energy, but O&G Still Thriving

    July 25, 2024July 25, 2024

    According to the left-leaning Spotlight PA, “A flurry of recent bipartisan agreements by state lawmakers on energy projects and policies is sending a clear message: Pennsylvania is slowly moving toward clean energy but fossil fuels aren’t going anywhere.” Joe Biden is sending big money to Pennsylvania to fund all sorts of ludicrous “renewable” energy initiatives (i.e., bribes). However, sources talking to Spotlight PA confirm that fossil fuels — the Marcellus industry — remain strong and are not going anywhere.
    Read More “Fed Money Skews PA Toward “Clean” Energy, but O&G Still Thriving”

  • Anti-Drilling/Fossil Fuel | Electrical Generation | Industrywide Issues

    TVA Plans for Miss. Gas-Fired Plant Triggers Hoaxers to Pitch a Fit

    July 25, 2024July 25, 2024

    The Tennessee Valley Authority (TVA) is the sixth-largest power supplier and the largest public utility in the country. In 2021, MDN told you that TVA is spending over $1 billion to replace six coal-fired plants with natgas-fired turbines (see TVA Investing $1B to Build New Natgas-Fired Electric Plants). Earlier this week, TVA asked for public input on one of the projects, the New Caledonia Natural Gas Plant in Mississippi. The TVA plan for New Calendonia has triggered the radical left to respond.
    Read More “TVA Plans for Miss. Gas-Fired Plant Triggers Hoaxers to Pitch a Fit”

  • Industrywide Issues | Research | Storage

    NatGas Storage Injections 15% Below 5-Yr Avg, Yet Inventory High

    July 25, 2024July 25, 2024

    According to the U.S. Energy Information Administration (EIA), injections into natural gas storage so far this injection season (April 1–October 31) is 15% (166 Bcf) *less* than the previous five-year average (2019–23) for the same period. Injections into storage are also 15% (172 Bcf) less than this same time last year. Yet working natural gas inventories in the Lower 48 states are 17% *higher* than the five-year average and 8% higher than this time last year. How can that be?
    Read More “NatGas Storage Injections 15% Below 5-Yr Avg, Yet Inventory High”

  • Industrywide Issues | Regulation

    Bipartisan Energy Permitting Bill’s Chance of Passage This Year?

    July 25, 2024July 25, 2024

    On Monday, U.S. Sen. Joe Manchin (I-WV), the chairman of the Senate Energy and Natural Resources Committee, and Sen. John Barrasso (R-WY), the ranking Republican member of that committee, released the Energy Permitting Reform Act of 2024 (see Barrasso, Manchin Release Bipartisan Energy Permitting Reform Bill). The bill aims to accelerate the permitting process for critical energy and mineral projects of all types, including fossil fuels, in the United States. What are the bill’s realistic chances of passing in the current Congress?
    Read More “Bipartisan Energy Permitting Bill’s Chance of Passage This Year?”

  • Best of the Rest

    Other Stories of Interest: Thu, Jul 25, 2024

    July 25, 2024July 25, 2024

    MARCELLUS/UTICA REGION: Pa. Democrat leaders talk up Shapiro as VP pick; Steel Nation names business development manager; Companies chip in to help Encino raise $100K for charities; The Green New Deal may decide the election; NATIONAL: Conservatives praise ‘brilliant’ swing state GOP ad attacking Harris; Harris campaign working overtime to hide her far-left record; The SEC’s climate disclosure rule is a dark cloud over energy abundance; INTERNATIONAL: Vancouver reverses ban on the use of natural gas in new homes; Co-founder of anti groups sentenced to 5 years in UK prison.
    Read More “Other Stories of Interest: Thu, Jul 25, 2024”

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