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Marcellus Drilling News
  • Industrywide Issues | Litigation | Regulation | Statewide VA | Taxation | Virginia

    Circuit Court Judge Rules Virginia Can’t Leave RGGI Carbon Tax

    November 21, 2024November 21, 2024

    In 2021, as he was running for Governor in Virginia, Glenn Youngkin pledged that if he won, he would remove the state from the onerous carbon tax on coal- and gas-fired power plants called the Regional Greenhouse Gas Initiative (RGGI). Youngkin kept his promise, although it took longer than he had hoped. Unfortunately, the left-leaning (very partisan) Association of Energy Conservation Professionals sued. The judge in the case just ruled the way Youngkin removed the state from RGGI was unlawful and that the state must (for now) remain in the high-tax, onerous organization. Read More “Circuit Court Judge Rules Virginia Can’t Leave RGGI Carbon Tax”

  • Energy Services | Equitrans/EQT Midstream | Industrywide Issues | Pipelines | Regulation | Statewide VA | Virginia

    Mountain Valley Pipe Dinged Small Fine by Va. for Erosion Violation

    November 21, 2024November 21, 2024

    Antis did their best, but their best wasn’t good enough. Mountain Valley Pipeline (MVP) victoriously began to flow up to 2 Bcf/d of Marcellus/Utica molecules in June (see Confirmed: M-U Gas Now Flowing Through Mountain Valley Pipeline). Construction of the project, which crosses steep mountains, has not been without its challenges, chief among them erosion at some construction sites due to heavy rain. Of course, most of that erosion would not have happened if environmental groups had not sued, and had a colluding Fourth Circuit Court of Appeals not delayed completion of the project FOR YEARS. Shame on them for causing more environmental damage than building the pipeline on time would have caused. The Virginia Department of Environmental Quality (DEQ) recently dinged MVP with another small fine ($17,500) for erosion violations. Read More “Mountain Valley Pipe Dinged Small Fine by Va. for Erosion Violation”

  • Energy Companies | Pennsylvania | Range Resources Corp | Washington County

    Range Resources Extends Southpointe Office Lease Extra 10 Years

    November 21, 2024November 21, 2024

    Range Resources, the very first company to drill a Marcellus well back in 2004, leases office space in the Southpointe II business park in Cecil Township (Washington County), PA. Yeah, that Cecil, the one that has banned all new drilling by Range or anyone else via a 2,500-foot setback regulation (see Cecil Twp Supervisors Pull the Trigger on Frack Ban Via Setbacks). Although Cecil is hostile to drillers, Range just signed another 10-year lease at the Southpointe II location for 145,939 square feet of office space. Read More “Range Resources Extends Southpointe Office Lease Extra 10 Years”

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

    NY Whistling Past the Graveyard by Blocking New Gas-Fired Plants

    November 21, 2024November 21, 2024

    Living in New York State, as MDN editor Jim Willis does, is like watching a slow-motion train wreck. You can see it coming; you warn those nearby to get off the tracks and leave the area, but no one is listening. We’re talking about the coming brownouts and blackouts across the state (especially in New York City) due to the state’s climate policies blocking new natural gas-fired power plants. This past summer, Danskammer Energy, which operates a gas-fired peaker power plant along the Hudson River in Newburgh, NY, withdrew its request to expand the plant (see Danskammer Energy Gives Up Trying to Expand Gas-Fired Peaker in NY). Everyone—environmentalists and pro-gas advocates alike—is asking, Has New York built its last fossil fuel plant? It appears the answer is YES. Read More “NY Whistling Past the Graveyard by Blocking New Gas-Fired Plants”

  • CNG/LNG | Commodity Price | Exporting | Industrywide Issues

    Look for Increase in U.S. LNG Exports to Europe in Coming Weeks

    November 21, 2024November 21, 2024

    Reuters predicts a sharp increase in U.S. LNG exports to European destinations “in the coming weeks.” Why? Because “the price spread between domestic natural gas and Europe’s main gas pricing hub hit one-year highs.” What the heck does that mean? We will explain it below. Read More “Look for Increase in U.S. LNG Exports to Europe in Coming Weeks”

  • Industrywide Issues | Regulation

    IPAA’s Plan to Make American Energy Great Again

    November 21, 2024November 21, 2024

    We’ve brought you Harold Hamm’s top energy priorities for the incoming Trump administration (see Harold Hamm’s Oil & Gas Priorities for Trump’s Second Term) and the top five priorities from Jeff Eshelman, the president and CEO of the Independent Petroleum Association of America (see Top 5 Energy Issues for Trump-Vance to Tackle Starting Jan. 20). Although Eshelman’s list was personal (a blog post), the agency he leads, the IPAA, recently issued its proposed plan for “Making American Energy Great Again.” Whereas Eshelman’s list was brief, the IPPA plan is detailed (15 pages long) and does an excellent job of laying out the why as much as the what. Read More “IPAA’s Plan to Make American Energy Great Again”

  • Energy Companies | Exxon Mobil

    NLPC: It’s Time to Fire ExxonMobil CEO Darren Woods

    November 21, 2024November 21, 2024

    ExxonMobil is the second-largest oil company (by market capitalization) in the world, second only to the Saudi-owned Saudi Aramco. Exxon is the definition of “Big Oil.” Unfortunately, Big Oil isn’t always a positive thing. Exxon CEO Darren Woods wants to keep American taxpayers locked into forking over trillions of dollars to other (corrupt) countries in the name of global warming, called the Paris Agreement. Darren Woods needs to go, and we’re not the only ones who think so. On November 14th, the National Legal and Policy Center (NLPC) sent a letter to ExxonMobil’s Board of Directors that called for the immediate firing of Darren Woods as CEO and Chairman of the Board. NLPC cites “misaligned priorities and an irrational emphasis on government subsidies” as their reasons. NLPC contends that Mr. Woods’s leadership and his role in pushing to stay in the Paris Agreement has jeopardized ExxonMobil’s profitability and core mission as a leading oil and gas company. Read More “NLPC: It’s Time to Fire ExxonMobil CEO Darren Woods”

  • Best of the Rest

    Other Stories of Interest: Thu, Nov 21, 2024

    November 21, 2024November 21, 2024

    NATIONAL: JP Morgan reveals greatest threat to USA shale sector; US LNG feedgas on track for 10-month high; INTERNATIONAL: Equinor CFO sees tight European gas market going into winter; Stalled European electric vehicle sales trigger 4,000 job cuts at Ford; The so-called ‘green movement’ increases the world’s demand for crude oil. Read More “Other Stories of Interest: Thu, Nov 21, 2024”

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