New Driller Tiburon Plans to Start Drilling Utica in 2Q25
Last fall, MDN told you about a newly formed drilling company that aims to target the Ohio Utica Shale, a company called Tiburon Oil & Gas Partners, LLC (see Former Carrizo O&G Team Forms New Company to Drill in Ohio Utica). The company was founded by four former executives from Carrizo Oil & Gas, Inc. The company is backed with money from Post Oak Energy Capital. We’d not heard anything further about the company…until now. Read More “New Driller Tiburon Plans to Start Drilling Utica in 2Q25”
Enverus Intelligence Research (EIR), a subsidiary of Enverus, issued a summary of the fourth quarter and full-year 2024 upstream M&A (mergers and acquisitions) activity yesterday. Two of the top five M&A deals include deals in the Marcellus/Utica. Coming in at #3 on the list was EQT’s sale of non-operated assets to Equinor for $1.25 billion in October (see 
Natural gas-fired electric power generation has increased in Pennsylvania since 2013 as the state has shifted toward natural gas as its main fuel source for electric power generation. In October 2024, natural gas-fired generation accounted for 57% of the electricity generated in Pennsylvania, more than twice the share in October 2013 (26%). This is thanks to the miracle of Marcellus Shale and fracking. 
The environmental left is now saying that calling out the scam known as carbon credits is causing companies to stop “investing” (i.e., blowing money) on said credits, and the situation is “devastating livelihoods and communities.” It is an “existential crisis” for the NGOs. Yes, it’s our fault that scholarships, new schools, and water projects are disappearing. Cry me a river. 
There has been a shift in the ongoing war to defeat fossil energy. Have you felt it? It’s a shift in the direction of those of us who support fossil energy. Yes, the election of Donald Trump, who ran on a platform of unapologetically supporting oil and gas (and coal), and his overwhelming victory is a watershed moment in history. However, we propose that Trump’s win is a result (evidence of) and not the cause of this shift. A recent commentary in the Wall Street Journal nails the reason for the shift against radical environmentalism and in favor of fossil energy. The article begins with this lucid and insightful statement: “Momentous social movements begin to die the moment adherents figure out their leaders don’t believe what they say.” 
OTHER U.S. REGIONS: Venture Global given OK to introduce natgas at another LNG plant; NATIONAL: Trump EPA fires science advisers just like Biden did; WTI slips below $73 as Canada-Mexico tariff uncertainty grows; Trump’s transport secretary orders fuel-economy rule rewrite; Trump’s ‘drill, baby, drill’ agenda will likely take on an entirely new shape; How to rescind the endangerment finding in a way that will stick; INTERNATIONAL: EU won’t ban Russian LNG until it secures alternatives.