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Marcellus Drilling News
  • Anti-Drilling/Fossil Fuel | CNG/LNG | Exporting | Industrywide Issues | Regulation

    Biden/Granholm DOE Releases Garbage Anti-LNG Exports “Study”

    December 18, 2024December 18, 2024

    Yesterday, the U.S. Department of Energy (DOE), headed by the ultra-dumb Jennifer Granholm, issued a bogus “study” (copy below) arguing that no new approvals should be granted for additional LNG exports. The report (and Granholm, in a cover letter) argues that “the amounts [of LNG export facilities] that have already been approved will be more than sufficient to meet global demand for U.S. LNG for decades to come.” In other words, the so-called elites know better than the free market how many LNG export plants the country should support. Granholm argues in favor of a command-and-control approach (i.e., Communism) over a free market, free enterprise approach to approving new LNG exports. Read More “Biden/Granholm DOE Releases Garbage Anti-LNG Exports “Study””

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

    S&P Study: More U.S. LNG Exports WON’T Raise Domestic Gas Prices

    December 18, 2024December 18, 2024

    This is VERY interesting. The nonpartisan S&P Global, which never (we mean NEVER) seeks to ruffle political feathers, released a study on LNG exports on the very same day as the Biden/Granholm Department of Energy released its LNG export study. The S&P study, which came out a few hours earlier than the DOE study, says more U.S. LNG exports will NOT raise the domestic price of natural gas, at least not appreciably. The Biden-corrupted DOE report says the opposite, that more LNG exports will cause domestic natural gas prices to go through the roof (and consequently, we shouldn’t build more LNG export facilities). Who do you believe? The company that is one of THE largest financial analysis companies in the world, that manages the S&P 500 Index and S&P credit ratings? Or lying, sore-loser politicians like the ditsy Jennifer Granholm and Joementia Biden? Read More “S&P Study: More U.S. LNG Exports WON’T Raise Domestic Gas Prices”

  • Ascent Resources | Energy Companies

    Ascent Resources Buying Back $25 Million of Its Own Units (Stock)

    December 18, 2024December 18, 2024

    Corporations have two primary ways of enriching the owners (shareholders): issuing periodic dividends (cash payments) to shareholders or buying back shares, which reduces the number of outstanding shares, thereby increasing the value of each share (which can be sold for a higher profit). How do privately held companies like Ascent Resources make their owners/investors richer? Pretty much the same way. Ascent issued a press release yesterday to announce it is conducting an “unmodified reverse Dutch auction” to buy back shares (units, in the case of Ascent). The company will spend up to $25 million to buy back units. Our question is, why is Ascent doing this now? Read More “Ascent Resources Buying Back $25 Million of Its Own Units (Stock)”

  • Economic Impact | Industrywide Issues | Jobs | Ohio | Research | Statewide OH

    Ohio Utica Shale Attracted $108 Billion Investment by End of 2023

    December 18, 2024December 18, 2024

    JobsOhio, a private, nonprofit corporation that works on behalf of the state to drive job creation and new capital investment in Ohio by attracting business, contracts out economic research to Cleveland State University (CSU) to keep tabs on the Utica Shale industry. JobsOhio released the latest CSU updated report yesterday (full copy below), showing that more than $108 billion has been invested in Ohio across natural gas, natural gas liquids, and petrochemical supply chain industries since 2011. Massive! Read More “Ohio Utica Shale Attracted $108 Billion Investment by End of 2023”

  • Electrical Generation | Industrywide Issues | Research

    NERC Warns of “Urgent Need” for More Electric Power Next 10 Years

    December 18, 2024January 24, 2025

    The North American Electric Reliability Corporation (NERC) released its 2024 Long-Term Reliability Assessment (LTRA) yesterday. The LTRA highlights *critical* reliability challenges that the power industry is facing over the next 10 years, including satisfying escalating energy growth, managing generator retirements, and removing barriers to resource and transmission development. The LTRA concludes that well over half of the continent is at elevated or high risk of energy shortfalls over the next 5 to 10 years. Read More “NERC Warns of “Urgent Need” for More Electric Power Next 10 Years”

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

    New Study by Left Says Climate Change is “Greatly Overestimated”

    December 18, 2024December 18, 2024

    “The science is settled on climate change” is not so settled after all. Researchers in Spain have found that global emissions of a sulfur gas produced by marine life have a previously unknown cooling effect on temperatures. It has long been known that oceans capture and redistribute the sun’s heat. However, there is more to the story. A study published Nov. 29 in the journal Science Advances noted that oceans, notably in the Southern Hemisphere, produce gases known as marine sulfur. And one of these gases, methanethiol, influences the climate in a way that has gone unnoticed. Until now. The study finds that our fear over the planet’s health may be “greatly overestimated” given the cooling effects of methanethiol. Read More “New Study by Left Says Climate Change is “Greatly Overestimated””

  • Best of the Rest

    Other Stories of Interest: Wed, Dec 18, 2024

    December 18, 2024December 18, 2024

    NATIONAL: How much crude oil is the USA producing?; Trump is ready ‘within seconds’ to issue orders spurring drilling; INTERNATIONAL: Kazakhstan bucks OPEC+ production cuts extension; Oil drops as equity market weakness and Chinese data weigh on prices; What to watch in oil in 2025. Read More “Other Stories of Interest: Wed, Dec 18, 2024”

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