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Baker Hughes U.S. Rig Count Adds First Time in 12 Weeks, +7 to 544
We finally saw some relief last week for the Baker Hughes U.S. rig count, which added rigs for the first time in three months (12 weeks). The U.S. count added seven rigs and now stands at 544 active rigs. However, it was gas-focused rigs that saved the day. The number of oil-focused rigs continued to fall last week (down another two) while gas-focused rigs had a massive increase (up by nine). The Marcellus/Utica count stayed even last week (after falling by one three weeks ago) at a combined 35 active rigs. There were 23 rigs targeting the Marcellus and 12 rigs targeting the Utica last week. Read More “Baker Hughes U.S. Rig Count Adds First Time in 12 Weeks, +7 to 544”
Two years ago, Texas Eastern Transmission Pipeline Company (aka TETCO) filed to build the Appalachia to Market II Project (A2M II) and the Entriken HP Replacement Project (see 
The Northeast Supply Enhancement (NESE) project is designed to increase Transco pipeline capacity and flows of Marcellus gas heading into New York City and other northeastern markets. Following some intense conversations between President Trump and New York Governor Kathy Hochul, she caved (according to the White House). She agreed to allow two long-stalled pipeline projects—the Constitution and NESE—to get built in NY in return for Trump allowing her to continue to sink $5 billion into an offshore wind project (see 
Anti-fossil fuel zealots, led (and funded) by the odious Sierra Club, made silly horse’s rear-ends of themselves yesterday at Waterfront Park in Louisville, Kentucky. A small group (under 20 judging by photos) engaged in a fake funeral procession with a box shaped like a black coffin with the words “DIED FROM FOSSIL FUELS” written on the side of it to object to the construction of a tiny, 12-mile pipeline in the area. Here’s the thing: The people engaging in these theatrics were all wearing clothes made FROM fossil fuels, wearing hats made from fossil fuels, sporting sneakers made from fossil fuels, most with glasses made from fossil fuels, carrying banners and signs made from fossil fuels, speaking into a PA system that was made with fossil fuels, and carrying a fake coffin that was painted with paint that comes from fossil fuels. Do they know just how stupid they looked? 
Danskammer Energy, which had operated a gas-fired peaker power plant along the Hudson River in Newburgh, NY, worked on a project to upgrade the plant since 2018. In June 2024, Danskammer Energy withdrew its permit application with the fossil fuel-hostile state, formally ending attempts to expand after nearly seven years of frustration in trying and receiving rejections from the state Department of Environmental Conservation (DEC). Let the idiots who keep the Dems in power sit in the dark and see how that feels. Now, the idiots (and leftist politicians who want to keep their jobs) are waking up and saying, “Oh crap. We might need those gas-fired plants after all.” It sounds so sweet to say: WE TOLD YOU SO! 
MARCELLUS/UTICA REGION: CNX receives state grant for mobile fueling units; GO-WV president Charlie Burd announces plans to retire in 2027; Northeast gas outflows decline on compressor outage as power demand up; OTHER U.S. REGIONS: Murkowski feels ‘cheated’ by Trump administration actions against wind and solar projects; Justice Department urges dismissal of Maryland climate lawsuits; NATIONAL: FTC retracts ban vs Hess, Pioneer leaders; Tax credits drive carbon capture deployment in our Annual Energy Outlook; Is the National Weather Service climate campaign collateral damage?; Oil price volatility and higher valuations cause M&A activity to slow; INTERNATIONAL: WTI flat as EU targets Russian refined fuels; EU slaps new sanctions on Russia and its oil trade; The 9 most important oil & gas pipelines in the world; Will oil demand hit 123 million barrels per day by 2050 as OPEC says?