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17 New Shale Well Permits Issued for PA-OH-WV Oct 21 – 27

For the week of Oct 21 – 27, there were 17 permits issued to drill Marcellus/Utica wells, up from 14 permits issued the prior week. The Keystone State (PA) had 12 new permits, with five going to Chesapeake Energy (now Expand Energy) in Wyoming County and two each for PennEnergy Resources (Beaver County) and Coterra Energy (Susquehanna County). Single permits were issued to Pennsylvania General Energy, Inflection Energy, and XPR Resources. The Buckeye State (OH) had five new permits, with four going to Gulfport Energy in Belmont County. The other OH permit was for Infinity Natural Resources (INR) in Guernsey County. The Mountain State (WV) issued a big, fat zero new permits last week. Read More “17 New Shale Well Permits Issued for PA-OH-WV Oct 21 – 27”

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Antero Resources Production Down 2%, Lost $20 Million in 3Q

Antero Resources, which is 100% focused on the Marcellus/Utica with over 500,000 net acres under lease (and the largest M-U driller in West Virginia), issued its third quarter 2024 update yesterday. The company reports net production averaged 3.4 billion cubic feet equivalent per day (Bcfe/d) during 3Q24, a decrease of 2% year-over-year. Of the company’s 2024 production, liquids (NGLs) averaged 206 thousand barrels per day (MBbl/d), an increase of 2% from 3Q23. Natural gas production averaged 2.2 Bcf/d, down 4% from 3Q23. The company lost $20 million in 3Q24 versus making $17.8 million in profit in 3Q23. Read More “Antero Resources Production Down 2%, Lost $20 Million in 3Q”

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Williams Files with FERC to Expand Mighty Transco Pipe in Southeast

Last November, MDN brought you the news that pipeline giant Williams planned to proceed with a new Transco pipeline expansion project called the Southeast Supply Enhancement Project (see Transco Expansion to Add 1.4 Bcf/d Capacity to Flow M-U Gas South). The project was estimated to flow an extra 1.43 Bcf/d (billion cubic feet per day) of Marcellus/Utica molecules southward along the Transco pipeline system, delivering those molecules to states in the southern U.S. Williams later upped the capacity to 1.587 Bcf/d (essentially from 1.4 to 1.6). Williams pre-filed with FERC earlier this year (see Williams Pre-Pre-Files for Southeast Supply Enhancement Project). On Tuesday, now a year later, Williams finally filed the full, official request with FERC to build the project. Big Green (and their high-priced lawyers) immediately jumped on the filing. Read More “Williams Files with FERC to Expand Mighty Transco Pipe in Southeast”

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Same Two Enviro Groups Sue Shell Cracker for 2nd Time in 17 Months

In May 2023, two radicalized Big Green groups—the Environmental Integrity Project (based in D.C.) and the Clean Air Council (based in Philadelphia)—filed a lawsuit against the Shell Polymers Monaca Plant (ethane cracker plant in Beaver County, PA), claiming the plant has repeatedly violated federal air pollution limits (see Radical Antis File Lawsuit Aiming to Shut Down Shell PA Cracker). The lawsuit requested the court assess huge fines and force it to close down unless it can operate without any further violations of the federal Clean Air Act (CAA) and the federal Air Pollution Control Act (APCA). The same two groups are back 17 months later, telling Shell via a “notice of intent to sue” that they will soon file the same type of lawsuit again. Read More “Same Two Enviro Groups Sue Shell Cracker for 2nd Time in 17 Months”

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Report: Natural Gas is the #1 Choice for Electric Grid Stability

Since 2014, the share of U.S. electricity generation from natural gas in the summer has increased every year, increasing from 29% in 2014 to 45% in 2024 (see U.S. NatGas-Fired Electricity Hit New Record High in Summer ’24). According to data from the U.S. Energy Information Administration (EIA), 43% of U.S. electricity was generated with natural gas in 2023. The second-highest source was nuclear, with 18%, followed by coal, at 16%. Unreliable wind produced 10% of all electricity for the U.S. in 2023, and solar around 4%. A new report from Enverus says natural gas has emerged as the “premier choice for grid stability” amid rising demand and coal retirements. Unreliable renewables are not up to the task. Read More “Report: Natural Gas is the #1 Choice for Electric Grid Stability”

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Likely Data Ctr Elec. Demand in Exelon Territory Doubled This Year

Almost overnight, the conversation concerning power use in the U.S. changed. For years and years, electric power demand has been fairly static. Then, seemingly from nowhere, came the rise of AI and data centers, which are power-hungry. A year ago, we weren’t talking about data centers. Now, hardly a day goes by without a story on MDN (in mainstream news!) about powergen and data centers/AI. We have another story on this topic, which illustrates the dramatic growth of data centers in the PJM region. Read More “Likely Data Ctr Elec. Demand in Exelon Territory Doubled This Year”

Other Stories of Interest: Fri, Nov 1, 2024

NATIONAL: Oil futures benefit from stronger than expected U.S. fuel demand; Share of natgas production in U.S. tight oil plays increased over last decade; Will AI drive a nuclear renaissance, or a natural gas boom?; Ford to pause production of F-150 Lightning; SEC climate rule unlikely to survive a Trump victory; INTERNATIONAL: Oil jumps as Iran plans retaliation; New survey shows grim outlook for oil markets; UK goes no further in raising oil and gas taxes after outcry. Read More “Other Stories of Interest: Fri, Nov 1, 2024”