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Trump EO Declares National Energy Emergency – “Drill, Baby, Drill!”

Our heads are officially blown! Did you catch any of yesterday’s inauguration? WOW!!! We have NEVER been more proud to be an American than we were yesterday. President Trump hit the ground running so fast the left’s heads were spinning around like Regan’s head in The Exorcist. The left doesn’t know what hit them. Everything from the borders to gender to the chief concern for the MDN audience, energy, got addressed yesterday, on the first day of Trump’s second term. Again, WOW!!! Among the flurry of executive orders signed yesterday, four EOs directly dealt with the issue of energy. We have all four below. Read More “Trump EO Declares National Energy Emergency – “Drill, Baby, Drill!””

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Dept. of Energy Reverses Biden LNG Pause, Extends Comment Period

One year ago, the sleazy Joe Biden slapped a “pause” on allowing the Department of Energy (DOE) to review and issue export approvals for any new LNG export facilities (see White House Makes it Official – Biden Declares War on LNG Exports). The move profoundly and negatively affected our domestic natural gas industry, putting some 17 or more multi-billion-dollar projects on hold. The pause was supposed to last until a so-called “study” was completed evaluating LNG exports’ potential global warming and economic impacts. The “study” was released in December (see Biden/Granholm DOE Releases Garbage Anti-LNG Exports “Study”). The pause remained—until this morning when the incoming Trump DOE officially reversed the pause and told staffers to quickly get back to approving new LNG exports. Read More “Dept. of Energy Reverses Biden LNG Pause, Extends Comment Period”

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WV Shale Permits Way Down in 2024 – GO-WV Comments

According to an article in the Dominion Post, horizontal gas well permits in West Virginia dipped to “an all-time low” in 2023 and 2024. The Dominion Post talked with the Gas & Oil Association of West Virginia (GO-WV) about the numbers, the trends, and what might be ahead for the industry. Has shale drilling already seen its best days in the Mountain State? Read More “WV Shale Permits Way Down in 2024 – GO-WV Comments”

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National Rig Count Whacked, Down 9 in Two Weeks; M-U Count Steady

After losing five rigs two weeks ago, the Baker Hughes national rig count lost another four last week. The number of rigs nationally now stands at 580, the lowest since Dec. 2021 (over three years ago). The Marcellus/Utica rig count was a combined 34 last week—the same number for five weeks in a row. PA has operated 15 rigs for the past ten weeks, with the exception of one week, when the number briefly increased to 16 rigs (the week ending on Dec. 6). OH has operated nine rigs for the past seven weeks, and WV has operated 10 rigs for an astonishing 19 weeks in a row, going back to Sep. 13. Read More “National Rig Count Whacked, Down 9 in Two Weeks; M-U Count Steady”

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Gas Drillers Had Best Shareholder Returns in 2024; Investor Love

The experts at RBN Energy recently analyzed the Q3 2024 financial results for the gas-focused producers the company tracks (mainly Marcellus/Utica producers). The gas-weighted E&Ps RBN follows had the best total shareholder return performance of the three peer groups they tracked through the first nine months of 2024, with a median gain of 14%. On the high side, CNX Resources’ share price was amazing, up more than 60% for the first nine months of last year. On the other end, Coterra Energy’s share price lost value. Read More “Gas Drillers Had Best Shareholder Returns in 2024; Investor Love”

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DC Circuit Dems Overturn LNG-by-Rail Reg from Trump’s 1st Term

On Friday, three leftist judges who sit on the U.S. Court of Appeals for the District of Columbia (DC Circuit), one appointed by Joementia, one by Lord Obama, and a third by George H.W. Bush (Bush the 1st), threw out a rule the U.S. Department of Transportation had adopted during President Trump’s first term which allowed liquefied natural gas (LNG) to be transported by train. We warned you back in September the judges were signaling their intent to overturn LNG-by-rail during oral arguments (see DC Circuit’s Radical Judges Signal Blocking LNG by Rail). Read More “DC Circuit Dems Overturn LNG-by-Rail Reg from Trump’s 1st Term”

Other Stories of Interest: Tue, Jan 21, 2025

MARCELLUS/UTICA REGION: Philly area MACH2 hydrogen ‘hub’ gets greenlight from Biden administration; NATIONAL: USA needs more electricity to win AI race, says trump energy czar; Biden makes last-minute bid to thwart Arctic oil drilling; A National Energy Council is the right direction for the environment; INTERNATIONAL: JP Morgan analysts say they expect oil demand to rebound; BP confirms job cuts; LNG traders divert six US cargoes to Europe from Asia; First co-loaded ammonia and propane shipment departs U.S., arrives in Europe. Read More “Other Stories of Interest: Tue, Jan 21, 2025”