Baker Hughes | Energy Services | Industrywide Issues | Ohio | Pennsylvania | Research | Statewide OH | Statewide PA | Statewide WV | West Virginia
M-U Rig Count Stabilizes @ 33; National Rig Count Drops 2 @ 588
Two weeks ago, the national rig count, which counts all oil and gas rigs, added an astonishing eight rigs to the count after languishing for months — the biggest weekly gain in a year. As we told you, the Marcellus/Utica rig count from two weeks ago remained at 33, but that wasn’t the whole story (see Rig Bloodbath Continues – Pennsylvania Loses 7 Rigs in 3 Weeks). The whole story is that Pennsylvania is losing rigs, bleeding rigs, like crazy—four rigs gone in two weeks. And West Virginia is gaining those lost rigs. Last week’s Baker Hughes rig count shows the M-U maintained at 33. Thankfully, no rigs changed in any of the three M-U states. Read More “M-U Rig Count Stabilizes @ 33; National Rig Count Drops 2 @ 588”
In late July, the Ohio Dept. of Natural Resources (ODNR) opened up the shuttered Austin Master Services (AMS) radiological waste management solutions company in Martins Ferry (Belmont County), Ohio, to begin cleanup work at the facility (see 
Dimock Township (Susquehanna County), PA, resident Ray Kemble was one of several Dimock landowners who sued and later settled with Cabot Oil & Gas (now Coterra Energy) over claims that Cabot’s drilling had “polluted” their water wells (with methane). In 2012, Kemble received $180,000. As part of the settlement, Kemble agreed to not publicly bash Cabot. Kemble proceeded, with money given to him by Big Green groups, to attend meetings across the country and overseas bashing Cabot (see 
The Susquehanna River Basin Commission (SRBC) published a notice in the Saturday edition of the Pennsylvania Bulletin that says the SRBC’s Executive Director recently approved or renewed 24 general water use permits for shale gas drilling pads in Bradford, Cameron, Clearfield, Clinton, Lycoming, Susquehanna, Tioga and Wyoming counties in the Keystone State (full list below). Approval by the Executive Director is the first step in the process. Each permit will also require a separate water withdrawal approval before water begins to flow from the Susquehanna (and its tributaries) to shale well pads. 
The Tennessee Valley Authority (TVA) is a federally-owned electric utility corporation in the U.S. TVA’s service area covers all of Tennessee, portions of Alabama, Mississippi, and Kentucky, and small areas of Georgia, North Carolina, and Virginia. TVA is the sixth-largest power supplier and the largest public utility in the country. In July 2021, MDN told you that TVA announced investments of over $1 billion to replace six coal-fired plants with natgas-fired turbines (see 
Last Thursday, one of our favorite authors (and energy expert/philosopher), Alex Epstein, testified before the U.S. House Budget Committee at a hearing called “The Costs of the Biden-Harris Energy Crisis.” His main point was that the government-dictated “green” energy policy, practiced by Biden-Harris and many other governments, is ruinous. When you shackle the most cost-effective and scalable source of energy, fossil fuels, and subsidize unreliable solar and wind, energy necessarily becomes more expensive, less reliable, and less secure. Alex debunked 12 grossly inaccurate myths peddled by Trevor Higgins of the leftwing Center for American Progress which supports the Biden-Harris energy policy disaster we now have. 
MARCELLUS/UTICA REGION: PA plans to spend fed funds on “climate initiatives” could be upended if Trump wins; OTHER U.S. REGIONS: Youngkin joins “energy choice” coalition with other Republican governors; Guerilla litigation causes Rio Grande LNG’s permits to be vacated; NATIONAL: Bill Gates and Jeff Bezos back white hydrogen startup; Gastech: a thriving gas sector, if you can keep it; Just another frivolous climate lawsuit; INTERNATIONAL: WTI holds gains after volatile week, Brent edges lower; Trafigura prepares for CEO handover to gas boss Richard Holtum; JP Morgan talks global oil demand.