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Marcellus Drilling News
  • Electrical Generation | Industrywide Issues | Virginia

    Massive Data Center with 3,500 MW Gas-Fired Plant Proposed for Va.

    October 29, 2024October 29, 2024

    We are super excited to bring you the news that Balico, LLC has proposed building a gigantic, massive data center in Pittsylvania County, Virginia. Sound familiar? We’ll get to the location in a moment. The data center would be powered by its own on-site gas-fired power plant complex, with 15 30-MW Mitsubishi gas turbines. Truly incredible! We have not heard of a gas-fired power plant this big in the entire country. It’s twice as big as most large gas-fired plants. Pittsylvania County is where the Mountain Valley Pipeline (MVP) terminates and connects with Williams’ Transco pipeline. Both MVP and Transco flow Marcellus/Utica molecules. This massive data center will use enormous amounts of M-U molecules if built. It feels like Christmas came early! Read More “Massive Data Center with 3,500 MW Gas-Fired Plant Proposed for Va.”

  • Commodity Price | Industrywide Issues

    Weather Whacks NYMEX Futures Price – Lost $0.25 Yesterday to $2.31

    October 29, 2024October 29, 2024

    Yesterday, the NYMEX natural gas futures price for the “front month” (November) contract and the next contract in line to take over after today (the December contract) both dropped like a rock. The November contract (called the prompt month) dropped 25.1 cents to close at $2.309/MMBtu. The December contract, which becomes the prompt month tomorrow, dropped 22.9 cents to close at $2.863. Why the drop? It depends on who you ask, but the warm weather in the northeast seems to be one of the primary reasons. Read More “Weather Whacks NYMEX Futures Price – Lost $0.25 Yesterday to $2.31”

  • Industrywide Issues | Pennsylvania | Regulation | Statewide PA

    PA DEP Still Hasn’t Cleared 33% of Permit Backlog (640 Permits)

    October 29, 2024November 11, 2024

    Permitting in Pennsylvania overseen by the Dept. of Environmental Protection (DEP) has been a hot mess for years. A Chapter 102 Erosion and Sedimentation permit sometimes takes two, three, or even six months for approval — instead of the law-mandated 14 days. It got so bad that in the fall of 2019, PA State Sen. Gene Yaw introduced a bill to allow third-party reviews of these permits to speed up approvals (see PA Sen. Yaw Intros Bill to Allow 3rd Party Review of Erosion Permits). In March of this year, the DEP said it was making progress in reducing turnaround times for permits, including Chapter 102 permits (see PA DEP Claims Progress in Reducing Out-of-Control Permit Backlog). In April, the DEP launched yet another initiative to reduce the time required to issue new Chapter 102 permits (see PA DEP Makes Effort to Speed Up Approvals for Erosion Permits). In July, the DEP claimed it had reduced its massive backlog of permit applications by 56% since the end of last year (see PA DEP Claims it Reduced Permits Backlog by Half Since 2023). The agency is back to tout that the backlog has now been whittled down by 67% (another 11% beyond July). What that means is that 33% of the backlog remains. Read More “PA DEP Still Hasn’t Cleared 33% of Permit Backlog (640 Permits)”

  • Ethane | Industrywide Issues | NGLs | Research

    U.S. and M-U Ethane Production Reached Record High in 1H24

    October 29, 2024October 29, 2024

    U.S. ethane production increased steadily over the last decade and reached a record of 3.0 million barrels per day (b/d) in May 2024. Ethane production in the first half of 2024 (1H24) averaged a record 2.8 million b/d, according to data from the U.S. Energy Information Administration’s (EIA) Petroleum Supply Monthly. Ethane production in the Marcellus/Utica region (called the Appalachian No. 1 refining district), which straddles most of the Appalachian Basin production area in Pennsylvania and West Virginia, increased during 1H24, averaging 327,000 b/d, up from 292,000 b/d in 1H23. Read More “U.S. and M-U Ethane Production Reached Record High in 1H24”

  • Electrical Generation | Industrywide Issues | Pennsylvania | Statewide PA

    5 Dem Governors (Including Shapiro) Blame PJM for THEIR Policies

    October 29, 2024October 29, 2024

    Ever notice how politicians like to blame others when their own policies create havoc and chaos? When you block new gas-fired power plants that provide more electricity for growing demand and pretend unreliable renewables will step in to save the day, there are negative consequences, like the price of electricity soaring through the roof (see Dems’ Crushing Regs Cause PJM Electric Prices to Soar 933% in 2025). Five Democrat governors who don’t like the consequences of *their* actions sent a letter to the head of the PJM grid, lecturing him to adopt more crazy policies to try and fix the high prices that they created! Read More “5 Dem Governors (Including Shapiro) Blame PJM for THEIR Policies”

  • Hydrogen | Industrywide Issues | Research | Storage

    NETL Research Says Hydrogen Can Safely Be Stored Under Shale

    October 29, 2024October 29, 2024

    Hydrogen is all the rage, at least in the D.C. swamp. Joe Biden and his sidekick Kamala Harris held a Hydrogen Hunger Games contest and in 2013 awarded seven proposed projects around the country with a total jackpot of $7 billion. Among the winners was the West Virginia-led Appalachian Regional Clean Hydrogen Hub (ARCH2), which is a project that will use Marcellus/Utica natural gas as the feedstock to produce “blue” hydrogen, which is hydrogen made from natgas where carbon dioxide from the process is captured and either used or stored underground (see Hydrogen Hub Winners Announced – WV Takes Prize in M-U Region). There are a lot of questions about using hydrogen to produce energy and trying to replace natural gas with hydrogen. One of those questions, which has gone unanswered (until now), is whether you can store hydrogen underground like natural gas. The National Energy Technology Laboratory (NETL) has an answer. Read More “NETL Research Says Hydrogen Can Safely Be Stored Under Shale”

  • CNG/LNG | Exporting | Industrywide Issues | Regulation | Research

    New Report Says U.S. Dominance in LNG a “Generational Opportunity”

    October 29, 2024October 29, 2024

    Last week, National Center for Energy Analytics (NCEA) Senior Fellow Tristan Abbey published a report examining the politicization of liquid natural gas (LNG) exports and recommending three pathways to ensure the United States maintains and expands the economic and geopolitical benefits from its dominant position in the global LNG market. In “A Generational Opportunity: Achieving U.S. Dominance in Global LNG” (full copy below), Abbey explores the history of LNG exports, the mechanisms by which the U.S. ascended to primacy, and the urgency in pursuing reform to capture a “once-in-a-generation” opportunity. Read More “New Report Says U.S. Dominance in LNG a “Generational Opportunity””

  • Best of the Rest

    Other Stories of Interest: Tue, Oct 29, 2024

    October 29, 2024October 29, 2024

    OTHER U.S. REGIONS: Texas industry groups look at upstream employment; NATIONAL: WTI plunges amid reduced risk premium; Trump’s energy policy is a clear no-brainer for Americans in 2024; Natgas names reinstated at BofA, sees capital discipline lifting stocks in 2025; Is peak investment coming for the shale patch? Read More “Other Stories of Interest: Tue, Oct 29, 2024”

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