Marcellus Drilling News

Coterra Energy (Cabot O&G) | Energy Companies | Pennsylvania | Susquehanna County

Coterra CEO Praises Shale Revolution, Calls Dimock “Prolific”
June 26, 2025June 26, 2025

Coterra Energy CEO Tom Jorden had a sit-down interview at the 2025 J.P. Morgan Energy, Power, Renewables and Mining Conference on Tuesday of this week. Coterra is the successor company of Cabot Oil & Gas after Cabot merged with Cimarex Energy in October 2021 (see Cimarex Takes Over Cabot, Merged Co. Called “Coterra Energy”). Cabot drilled exclusively for natural gas in the northeast Pennsylvania Marcellus in Susquehanna County. Cimarex drilled in both the Permian (Texas) and Anadarko (Oklahoma) basins. Cimarex was mainly an oil driller. The combined company has the flexibility to allocate money and people to whichever commodity, oil or gas, is turning a better profit. Currently, profitability favors more gas drilling. Jorden had some interesting things to say about his company’s Marcellus program. Read More “Coterra CEO Praises Shale Revolution, Calls Dimock “Prolific””
Energy Companies | EQT Corp | ESG | Industrywide Issues

Promises Made, Promises Delivered: EQT Hits Net Zero Scopes 1 & 2
June 26, 2025June 26, 2025

Net zero Scopes 1 – 3 (click for larger version)

EQT Corporation, the largest Marcellus/Utica producer by the volume of M-U molecules produced, published its 2024 Environmental, Social and Governance (ESG) Report, titled “Promises Made, Promises Delivered,” on Tuesday. According to the announcement and the report, EQT has become the world’s first large-scale traditional energy company to achieve net zero Scope 1 and Scope 2 greenhouse gas emissions. What does that actually mean? Read More “Promises Made, Promises Delivered: EQT Hits Net Zero Scopes 1 & 2”
Industrywide Issues | Pennsylvania | Regulation | Statewide PA

Disappointing: PA Senate Confirms Jessica Shirley as DEP Secretary
June 26, 2025June 26, 2025

Jessica Shirley, confirmed as DEP Secretary

Every last Republican in the Pennsylvania Senate and all but one Democrat voted to confirm a group of officials nominated by Governor Josh Shapiro to serve in his administration. Among them was the extremely partisan (we would argue grossly unqualified) Jessica Shirley to be the Secretary of the Department of Environmental Protection (DEP). She can now drop the “Acting” prefix from her title. We know, it’s how politics is played, to give the Governor his choice of cabinet officials. Which is why we stay out of political office—we can’t play the games. We like calling balls and strikes. This was a complete whiff by Republicans in Harrisburg. Read More “Disappointing: PA Senate Confirms Jessica Shirley as DEP Secretary”
Chevron | CNG/LNG | Energy Companies | Energy Services | Energy Transfer Partners | Exporting | Industrywide Issues

Chevron Expands Deal with ET’s Lake Charles LNG to Buy 3 MTPA
June 26, 2025June 26, 2025

Just as the pandemic began to unfold in early 2020, Shell pulled out of a 50/50 joint venture partnership with Energy Transfer (ET) to build a new LNG export facility in Lake Charles, Louisiana (see Shell Pulls Out of Lake Charles LNG Project, Energy Transfer Stays). Bad move on Shell’s part, if you ask us. Since that time, ET has continued to build support for the project. ET has still not made a final investment decision (FID) to commit billions of dollars, but each year that passes brings the company closer to an FID. In December, ET announced a new customer for its LNG when/if the plant gets built: Chevron. Yesterday, Chevron increased its commitment to the facility. Read More “Chevron Expands Deal with ET’s Lake Charles LNG to Buy 3 MTPA”
CNG/LNG | Exporting | Industrywide Issues | Regulation

Freeport LNG Asks for Third Time Extension to Build Train 4
June 26, 2025June 26, 2025

Freeport LNG, located near Galveston, Texas, currently exports roughly 15 million tonnes per annum (MTPA) of LNG from three trains—when it’s actually up and running. The Freeport facility has been plagued with outages, the most spectacular of which happened in June 2022, taking the facility offline for 10 months (see Freeport LNG Plant Back to Full Capacity Using 2.1 Bcf/d of NatGas). Freeport has (for years) planned to add a fourth train that would bump up the output to 20 MTPA. In October 2022, the Federal Energy Regulatory Commission (FERC) granted Freeport an extra two years to build its fourth liquefaction train, until August 1, 2028. Freeport is now asking FERC for yet another time extension (the third extension)—an extra 40 months. Read More “Freeport LNG Asks for Third Time Extension to Build Train 4”
Energy Services | Energy Transfer Partners | Enterprise Products Partners | Ethane | Exporting | Industrywide Issues | Regulation

Trump Admin Sends Mixed Signals on Ethane Exports to China
June 26, 2025June 26, 2025

mixed signals

MDN recently brought you the news that the Trump U.S. Bureau of Industry and Security (BIS) was blocking at least three (possibly more) cargoes of ethane by rejecting permits to export to Enterprise Products Partners (see U.S. Denies Permit for Enterprise to Export Ethane Cargoes to China). Ethane is a raw feedstock used to create plastics. Denying China access to our ethane will hurt the Chinese economy. We later reported that the export ban to China was just a bargaining position and had been lifted (see Trump Trade Deal Lifts Ethane Export Ban to China; Cargo to India). However, in another twist to this saga, the Trump administration has informed Enterprise Products and Energy Transfer (the two companies exporting ethane to China) that they can load the ethane and ship it. However, before unloading, they will still need U.S. government permission. Huh? Read More “Trump Admin Sends Mixed Signals on Ethane Exports to China”
Best of the Rest

MDN’s Energy Stories of Interest: Thu, Jun 26, 2025 [FREE ACCESS]
June 26, 2025June 26, 2025

MARCELLUS/UTICA REGION: Decreasing Act 13 natural gas impact fee money squeezing municipal budgets; OTHER U.S. REGIONS: NJ Gov pleased to announce state’s transition to primitive climate cult campground complete; NATIONAL: Oil rebounds after steep two-day plunge; Breaking heat, rising storage keep natural gas futures on downward trajectory; Electricity use for commercial computing could surpass space cooling, ventilation; Senate versus House version of the IRA provisions in the “Big Beautiful Bill”; E&Ps, faced with a ‘final reckoning,’ helped save themselves with dividends; Critical minerals and LNG bills are a wake-up call for U.S. competitiveness; The left’s climate hysteria is crumbling as energy reality sets in; INTERNATIONAL: Alberta premier warns Carney he must act to quell separatist threat; Shell says no plan to make offer for BP; How Japan and Alaska pioneered the global market for LNG; Tokyo Gas in talks to seal long-term US LNG purchase deals. Read More “MDN’s Energy Stories of Interest: Thu, Jun 26, 2025 [FREE ACCESS]”