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Marcellus Drilling News
  • Encino Energy | Energy Companies | Guernsey County | Lease & Royalty Payments | Ohio

    Encino Signs 2nd Lease with Cambridge, OH City School

    August 20, 2024August 20, 2024

    We spotted news that the Cambridge City School District (in Guernsey County, Ohio) has signed a second lease with Encino Energy (EAP Ohio LLC) to allow shale drilling under 4.8 acres. The first lease (which we missed) was signed in February of this year, allowing Encino to drill under 182 acres. The land is located along Wills Creek Valley Drive, often called the main campus. EGADS! Drilling *under* little chil’ren? Monstrous! (That’s sarcasm, folks. We know of other wells drilled directly next to schools in PA, with zero health and safety effects on the kiddies.)
    Read More “Encino Signs 2nd Lease with Cambridge, OH City School”

  • Diversified Energy | Energy Companies | Statewide WV | West Virginia

    Diversified Saves Big Money Retiring Its Own Older Wells

    August 20, 2024August 22, 2024

    In late 2021, Diversified Energy (formerly Diversified Gas & Oil) announced it had purchased Next LVL Energy, a well-plugging company that concentrates on plugging mainly old conventional oil and gas wells in Appalachia (see Diversified Energy Buys Well-Plugging Co. Next LVL Energy). Next LVL was headquartered in the Pittsburgh region. In early 2023, Diversified moved Next LVL to a brand new headquarters in Bridgeport, WV (see Diversified’s Next LVL Energy Moves Headquarters from PA to WV). Since then, Diversified has grown the subsidiary. In 2023, Next LVL retired over 400 wells!
    Read More “Diversified Saves Big Money Retiring Its Own Older Wells”

  • ESG | Industrywide Issues | LDCs

    Georgia Natural Gas Claims Customers Blocked 500 Million Lbs of CO2

    August 20, 2024August 20, 2024

    According to an announcement from Georgia Natural Gas (GNG), the utility company’s “Greener Life” program, which helps customers make their natural gas usage carbon neutral, has reached a new milestone of 500 million pounds of carbon emissions offset from the atmosphere. That amount is equivalent to taking over 50,000 cars off the road for a year. GNG buys natural gas from producers (in the Marcellus/Utica) that certify their gas as low-emissions using the MiQ protocol.
    Read More “Georgia Natural Gas Claims Customers Blocked 500 Million Lbs of CO2”

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

    Leftists Argue for Ban on AI Because It Uses Too Much Electricity

    August 20, 2024August 20, 2024

    For a leftist, the glass is always half empty, and the pie is always a fixed size. Conservatives, on the other hand, believe in human ingenuity and the American spirit of bigger and better and can-do and let’s get it done. It’s a stark contrast. Here’s the perfect example. Big pipeline companies and others are touting the coming rapid expansion in data centers due to artificial intelligence (AI). Instead of this being good news — the prospect of helping humans make new leaps in technology and breakthroughs in medicine and other sectors — leftists view AI expansion as a threat because it will use more electricity…electricity generated by dirty, evil fossil fuels.
    Read More “Leftists Argue for Ban on AI Because It Uses Too Much Electricity”

  • Anti-Drilling/Fossil Fuel | ESG | Industrywide Issues

    Antis Launch Satellite to Detect CO2 & Methane Emissions

    August 20, 2024August 20, 2024
    Tanager-1

    On Friday, the Tanager-1 methane and carbon dioxide (CO2) sniffing satellite launched from California. Tanager-1 can detect major emitters of CO2 and methane. It was created by a coalition involving Carbon Mapper, Planet Labs, and NASA’s Jet Propulsion Laboratory, with funding from groups such as Mike Bloomberg and the Children’s Investment Fund Foundation. Yeah, your contributions to the Children’s Fund literally went up in smoke to help pay for a satellite (instead of for worthy causes like kids fighting cancer in hospitals). But here’s the thing: If it’s operated honestly, this satellite is going to find the biggest emitters of CO2 and methane are not oil and gas operations but landfills. Read More “Antis Launch Satellite to Detect CO2 & Methane Emissions”

  • Industrywide Issues | Research

    EY Study Shows Oil & Gas Industry “Resilient” and “Profitable”

    August 20, 2024August 20, 2024

    Powerhouse consulting and accounting firm Ernst & Young (EY) has just published its annual study, “US Oil and Gas Reserves, Production and ESG Benchmarking Study” (full copy below). The EY study reveals an industry with “remarkable resilience and financial performance” despite facing a challenging economic landscape in 2023. The study, which examines the 50 largest publicly traded exploration and production (E&P) companies, highlights the industry’s ability to navigate price fluctuations and maintain a trajectory of growth and profitability. Read More “EY Study Shows Oil & Gas Industry “Resilient” and “Profitable””

  • Anti-Drilling/Fossil Fuel | Industrywide Issues | New York | Regulation | Statewide NY | Taxation

    Lunatic NY Lawmakers Pressure Gov to Sign Bill Charging O&G $75B

    August 20, 2024August 20, 2024

    We’re forced to report on a bill in New York State that is so stupid, it’s beyond words. We’ll do our best. The Democrats in the NY legislature passed a bill earlier this year that would create a “superfund” (big old pot of money) to be fed by slapping an illegal tax/fee on oil and gas corporations. The fee is to “pay back” the state for causing mythical global warming. (Create a mythical problem out of nothing, then create a faux cause of that problem — burning fossil fuels — in order to justify shaking down specific companies.) The NY bill would extract an astonishing $75 billion over the next 25 years — roughly $3 billion a year. It will never happen (never work) because O&G companies will fight it in court for years to come, but perhaps that is the point: to tie up O&G in court and encourage them to leave the state. You see, NY is closed for business. Read More “Lunatic NY Lawmakers Pressure Gov to Sign Bill Charging O&G $75B”

  • Best of the Rest

    Other Stories of Interest: Tue, Aug 20, 2024

    August 20, 2024August 20, 2024

    OTHER U.S. REGIONS: Endeavor Energy founder passes away; NATIONAL: BMI reveals latest Henry Hub gas price projections; The Heritage Foundation talks oil prices; Storing solidified natural gas in seawater; Harris-Walz are oblivious that US economy cannot exist without crude oil; INTERNATIONAL: Oil falls amid softening demand outlook; Asia Pacific’s record coal use makes Western sacrifice pointless.
    Read More “Other Stories of Interest: Tue, Aug 20, 2024”

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